Seagate: Fiscal Q1 Earnings Snapshot
SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal first-quarter net income of $305 million. On a per-share basis, the Singapore-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
We expect STX’s stock to likely see little to no movement with revenue and earnings matching expectations in fiscal Q1.
Operator Welcome to the Seagate Technology fiscal first quarter 2025 conference call. All participants will be in a ...
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Revenue: $13.1 million, down 36% from $20.6 million in Q1 last year. WaferPak Revenue: $12.1 million, accounting for 92% of total revenue. Non-GAAP Gross Margin: 54.7%, up from 48.7% year over year.
Microsoft shares have lagged most of their Magnificent 7 peers, as well as the Nasdaq benchmark, over the past six months.
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