What You Need To Know
Seagate Technology demonstrated impressive growth in its fiscal Q2 2025, with revenue increasing to $2.33 billion compared to $1.56 billion in the same quarter last year. Non-GAAP earnings per share rose significantly to $2.03 from $0.12, while gross margins saw an upturn to 35.5%. The company generated $221 million in operating cash flow and distributed $148 million in dividends to shareholders.
Seagate is also making strides with its heat-assisted magnetic recording (HAMR) Mozaic products, which offer capacities reaching 36 terabytes, aimed at meeting the rising demand from artificial intelligence applications.
For fiscal Q3 2025, Seagate forecasts expected revenue of approximately $2.10 billion, along with a non-GAAP EPS estimate of $1.70. A dividend of $0.72 per share has been announced, set for distribution on April 2, 2025. Overall, Seagate's robust performance highlights its commitment to growth in the data storage sector and sustainable storage solutions.
Sign up for Investing Intel Newsletter
Get the latest news and updates from our team.
Why This Is Important for Retail Investors
Strong Growth Trends: Significant revenue and EPS improvements highlight Seagate’s profitability and operational momentum.
Attractive Dividends: A dividend ensures steady income for shareholders.
AI and Cloud Leadership: Investment in cutting-edge storage technology positions Seagate to capitalize on high-growth markets like AI and cloud computing.
Improved Margins: Rising gross margins reflect better cost control and long-term value creation.
Shareholder Commitment: Returning $148 million to shareholders demonstrates a focus on investor returns.