Seagate TechnologySTXEarnings & Financial Report
Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.
Revenue
$2.2B
Gross Profit
$714.0M
Operating Profit
$403.0M
Net Profit
$305.0M
Gross Margin
32.9%
Operating Margin
18.6%
Net Margin
14.1%
YoY Growth
49.1%
EPS
$1.41
Seagate Technology Q1 FY2025 Financial Summary
Seagate Technology reported revenue of $2.2B (up 49.1% YoY) for Q1 FY2025, with a net profit of $305.0M (up 265.8% YoY) (14.1% margin). Cost of goods sold was $1.5B, operating expenses totaled $311.0M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $305.0M |
| Gross Margin | 32.9% |
| Operating Margin | 18.6% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Seagate Technology Q1 FY2025 revenue of $2.2B breaks down across 3 segments, led by OE Ms at $1.7B (80.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| OE Ms | $1.7B | 80.7% |
| Distributors | $248.0M | 11.4% |
| Retail | $171.0M | 7.9% |
Seagate Technology Revenue by Segment — Quarterly Trend
Seagate Technology revenue by segment across the last 4 reported quarters, showing how each business line (such as OE Ms and Distributors) has evolved quarter over quarter.
| Segment | Q1 FY2027 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 |
|---|---|---|---|---|
| OE Ms | — | — | $2.3B | $2.2B |
| Distributors | — | — | $335.0M | $279.0M |
| Retail | — | — | $188.0M | $170.0M |
Seagate Technology Annual Revenue by Year
Seagate Technology annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.1B |
| 2024 | $6.6B |
| 2023 | $7.4B |
Seagate Technology Quarterly Revenue & Net Profit History
Seagate Technology results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $3.1B | +44.1% | $748.0M | 24.0% |
| Q3 FY2026 | $3.1B | +44.1% | $748.0M | 24.0% |
| Q2 FY2026 | $2.8B | +30.8% | $593.0M | 21.0% |
| Q1 FY2026 | $2.6B | +21.3% | $549.0M | 20.9% |
| Q4 FY2025 | $2.4B | +29.5% | $488.0M | 20.0% |
| Q3 FY2025 | $2.2B | +30.5% | $340.0M | 15.7% |
| Q2 FY2025 | $2.3B | +49.5% | $336.0M | 14.5% |
| Q1 FY2025 | $2.2B | +49.1% | $305.0M | 14.1% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $2.33B | $2.16B | $2.44B | $2.63B | $2.83B | $3.11B | $3.11B |
| YoY Growth | 49.1% | 49.5% | 30.5% | 29.5% | 21.3% | 30.8% | 44.1% | 44.1% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.97B | $7.96B | $7.56B | $8.02B | $8.44B | $8.71B | $8.89B | $8.89B |
| Liabilities | $9.27B | $9.04B | $8.39B | $8.48B | $8.51B | $8.25B | $7.80B | $7.80B |
| Equity | $-1.30B | $-1.08B | $-829.0M | $-453.0M | $-63.0M | $459.0M | N/A | N/A |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $95.0M | $221.0M | $259.0M | $508.0M | $532.0M | $2.37B | $2.37B |