Seagate Announces Q1 2025 Results and Declares Quarterly Dividend

Details

The company declared a quarterly cash dividend of $0.72 per share, payable on January 6, 2025. The press release includes financial highlights, such as revenue growth and increased gross margin. The Board of Directors also provided an outlook for the fiscal second quarter 2025, projecting revenue of $2.30 billion, plus or minus $150 million. Seagate's management held a public webcast to discuss these results and provide further outlook.

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About Seagate Technology Holdings Plc

Seagate Technology Holdings Plc is a leading provider of data storage solutions integral to the information technology industry. Its primary function is to design, manufacture, and supply a wide array of hard disk drives (HDDs) and storage systems, which are crucial for data management and storage in various sectors. Seagate's innovative storage solutions cater to the needs of consumers, small businesses, and large enterprises, supporting critical functions such as data centers, cloud computing, and client computing applications. Established in 1979, Seagate has consistently been at the forefront of data storage technology, introducing cutting-edge solutions that enhance storage efficiency and capacity. The company's products have widespread applications across multiple industries, including technology, healthcare, automotive, and finance, playing an indispensable role in facilitating the ever-growing demand for data storage and management. Through its advanced research and development initiatives, Seagate Technology Holdings Plc continues to influence the market landscape by driving innovations in storage technologies and solutions, thereby maintaining its significant market presence and leadership.