Seagate Technology Holdings Plc
Seagate Announces Successful Fiscal Year 2025 Results and Strong Outlook
Summary
Seagate Technology Holdings plc reported strong financial results for fiscal year 2025, with significant growth in revenue and gross margins. The company achieved a 39% increase in revenue, nearly doubled non-GAAP gross profit dollars, and tripled operating profit. Seagate also announced plans to resume share repurchases to enhance capital returns to shareholders. The company expects continued growth in fiscal year 2026, driven by strong demand for mass capacity storage solutions in cloud and edge data centers.
Profitelligence Alerts
Get alerts for STX
Be first to know when Seagate Technology Holdings Plc files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
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.
Official SEC Documents
Advertisement