Seagate Technology ( (STX) ) has released its Q2 earnings. Here is a breakdown of the information Seagate Technology presented to its investors.
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Seagate Technology is a prominent innovator in the data storage industry, specializing in the development and manufacturing of mass-capacity storage solutions for various applications from edge to cloud.
Seagate Technology has reported its financial results for the fiscal second quarter of 2025, showcasing significant improvements in revenue and earnings. The company’s revenue increased to $2.33 billion, with GAAP diluted earnings per share of $1.55 and non-GAAP diluted EPS of $2.03.
Key highlights of the financial performance include a strong gross margin performance, reaching a decade-high, and a notable increase in operating margin and net income compared to the same period last year. The company also generated $221 million in cash flow from operations and declared a quarterly cash dividend of $0.72 per share. Additionally, Seagate is advancing its technology roadmap with the introduction of HAMR-based Mozaic products catering to cloud customers.
Looking ahead, Seagate Technology remains optimistic about its growth prospects for the remainder of fiscal 2025. The company anticipates continued demand for scalable and sustainable storage solutions, positioning itself for profitable growth through technological advancements and strategic initiatives.
