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![theinvesdea Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1488658511374393345.png) invesdea💰Investing Ideas [@theinvesdea](/creator/twitter/theinvesdea) on x 1467 followers
Created: 2024-10-22 20:10:34 UTC

$STX Seagate Technology reported earnings
Q1 FY2025 results ended September 27th 2024

- Revenue: $2.17B, +49% YoY
- Net Income: $305M vs -$184M in Q1 2024
- EPS: $XXXX vs -$0.88 in Q1 2024
- Free Cash Flow: $27M vs $57M in Q1 2024

CEO Dave Mosley: "Seagate is off to an outstanding start to the fiscal year, highlighted by gross margin expanding to the highest level in more than a decade. We executed on our plans to aggressively ramp our 28-terabyte nearline drives and broaden the number of cloud customers entering qualification on HAMR-based Mozaic products."

Key Metrics:
- Gross Margin: XXXX% GAAP, XXXX% non-GAAP
- Operating Margin: XXXX% GAAP, XXXX% non-GAAP
- Operating Income: $403M vs -$129M in Q1 2024
- Cash and Cash Equivalents: $1.2B

Business highlights:
- Shipped 28TB nearline drives
- Expanded cloud customer qualifications for HAMR-based Mozaic products
- Generated $95M in cash flow from operations
- Returned $147M to shareholders through dividends
- Increased quarterly dividend by X% to $XXXX per share

Outlook (Q2 FY2025):
- Revenue: $2.30B ± $150M
- Non-GAAP EPS: $XXXX ± $XXXX
- Expecting continued strength in gross margins
- Focusing on cloud customer expansion

#STX #earnings #tech #storage


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1848819253988020333/c:line.svg)

**Related Topics**
[stx](/topic/stx)
[$57m](/topic/$57m)
[$27m](/topic/$27m)
[cash flow](/topic/cash-flow)
[$184m](/topic/$184m)
[$305m](/topic/$305m)
[$217b](/topic/$217b)
[$stx](/topic/$stx)

[Post Link](https://x.com/theinvesdea/status/1848819253988020333)