NASDAQ$STX

Seagate Technology PLC · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Reported an outstanding start to the fiscal year with gross margin expanding to the highest level in more than a decade.

Seagate Technology reported strong Q1 2025 financial results, with revenue increasing to $2.17 billion and GAAP EPS of $1.41. The company's gross margin expanded to the highest level in more than a decade, driven by the ramp of 28-terabyte nearline drives and qualification of HAMR-based Mozaic products. Seagate increased its quarterly cash dividend by approximately 3% to $0.72 per share.

  • Revenue increased to $2.17 billion.
  • GAAP diluted earnings per share (EPS) of $1.41; non-GAAP diluted EPS of $1.58.
  • Cash flow from operations of $95 million and free cash flow of $27 million.
  • Increased quarterly cash dividend by approximately 3% to $0.72 per share.

Headline financials

Total Revenue

$2.17B

Previous: $1.45B+49.1%
EPS

$1.41

Previous: -$0.22+740.9%
GAAP Gross Margin

32.9%

No prior period
Non-GAAP Gross Margin

33.3%

No prior period
GAAP Operating Margin

18.6%

No prior period
Non-GAAP Operating Margin

20.4%

No prior period
Dividend per Share

$0.70

No prior period
Capital Expenditures

-$68M

Previous: -$70M+2.9%
Free Cash Flow

$237M

Previous: -$254M+193.3%
Net Income

$305M

Previous: -$184M+265.8%
Operating Income

$403M

Previous: -$129M+412.4%
Gross Profit

$714M

Previous: $149M+379.2%
Cash & Equivalents

$1.24B

Previous: $795M+55.8%
Total Assets

$7.97B

Previous: $7.2B+10.8%
R&D Expense

$181M

No prior period
Stock-Based Comp

$38M

Previous: $25M+52.0%

Revenue & EPS history

Seagate · Revenue · Quarterly

$2.17B

Q1 2025+49.1%vs Q1 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The Company is providing the following guidance for its fiscal second quarter 2025: Revenue of $2.30 billion, plus or minus $150 million and Non-GAAP diluted EPS of $1.85, plus or minus $0.20.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+6.4%

Avg return

30 days after

52%

35 / 67 earnings

Positive

+22.0%

Q2 2026

Best reaction

-23.9%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-3.4%+27.5%+52.1%
Q2 2026+22.0%+16.5%+9.7%
Q1 2026+19.1%+19.1%+24.1%
Q3 2025+11.6%+14.7%+44.5%
Q2 2025+10.8%+10.8%+5.1%
Q1 2025-7.9%-8.4%-11.1%
Q4 2024+3.2%-2.4%-2.8%
Q3 2024+2.3%+1.0%+9.7%
Q2 2024+2.0%-0.7%-1.4%
Q1 2024+1.6%+1.7%+13.4%
Q4 2023+6.7%+9.0%+10.6%
Q3 2023-10.2%-10.8%-1.0%
Q2 2023+10.9%+7.3%+6.2%
Q1 2023-10.4%-14.4%-5.7%
Q4 2022-6.4%-7.4%-2.6%
Q3 2022+3.7%+4.1%+11.3%
Q2 2022+9.4%+13.1%+10.7%
Q1 2022+8.4%+7.0%+22.5%
Q4 2021-2.7%+0.9%+4.6%
Q3 2021+6.3%+12.3%+12.0%
Q2 2021-2.3%+5.6%+19.1%
Q1 2021-1.8%-6.1%+7.6%
Q4 2020-10.6%-8.8%-8.1%
Q3 2020-3.7%-1.4%+2.5%
Q2 2020-5.6%-6.6%-13.3%
Q1 2020+0.1%-0.3%+2.8%
Q4 2019-3.9%-3.6%+8.5%
Q3 2019+7.5%+10.4%-2.3%
Q2 2019-0.3%-0.5%+2.2%
Q1 2019+4.6%+6.6%+0.3%
Q4 2018-3.8%-1.5%+2.4%
Q3 2018-5.5%-3.8%-2.7%
Q2 2018+0.1%-5.8%-2.8%
Q1 2018+11.2%+5.6%+15.4%
Q4 2017-18.7%-18.0%-22.0%
Q3 2017-16.3%-16.5%-15.8%
Q2 2017+17.3%+22.4%+30.3%
Q1 2017-1.0%-2.3%+11.2%
Q4 2016-5.2%-0.9%+3.9%
Q3 2016-23.9%
Q2 2016+13.6%
Q1 2016+2.2%
Q4 2015+0.3%
Q3 2015+5.7%
Q2 2015-10.8%
Q1 2015+1.9%
Q4 2014-4.1%
Q3 2014-0.0%
Q2 2014-12.0%
Q1 2014-3.1%
Q4 2013-6.6%
Q3 2013+8.0%
Q2 2013-9.0%
Q1 2013+1.1%
Q4 2012+0.0%
Q3 2012+7.8%
Q2 2012+21.8%
Q1 2012-11.4%
Q4 2009-12.9%
Q4 2011-12.9%
Q3 2011-1.3%
Q3 2010-1.3%
Q2 2011+0.5%
Q2 2010+0.5%
Q4 2010+0.9%
Q1 2011+0.9%
Q1 2010+0.9%

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