Filing Flows › Seagate Technology Holdings (STX) › Q3 FY25
Seagate Technology Holdings (STX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Seagate Technology Holdings (STX) reported revenue of $2.2B for the third quarter fiscal 2025 (Q3 FY25), +31% from a year earlier and -7% from the quarter before. Operating margin was 20.0%, net earnings $340M (15.7% of revenue).
Seagate Technology Holdings, Q3 FY25: revenue $2.2B (+30% year over year), operating margin 20.0%, net earnings $340M, operating cash flow $259M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -7% | +31% |
| Operating profit | $431M | -12% | +201% |
| Net earnings | $340M | +1% | 14× |
| Operating cash flow | $259M | +17% | +38% |
| Free cash flow | $216M | +44% | +69% |
What changed
Revenue was $2.2B in Q3 FY25, up 31% year over year and down 7% from the previous quarter.
Operating profit was $0.43B, a 20.0% margin (up 11.3 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 9% margin then. Total costs grew 14% against revenue growth of 31%. The fastest-growing cost line was SG&A (+20%). Net earnings were $0.34B, up 1260% year over year. The effective tax rate was 4.2%.
Operating cash flow was $0.26B (up 38% year over year), 76% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.04B left free cash flow of $0.22B.
Questions
What was Seagate Technology Holdings' revenue in the third quarter fiscal 2025?
Seagate Technology Holdings (STX) reported revenue of $2.2B for the third quarter fiscal 2025 (Q3 FY25), +31% from a year earlier and -7% from the quarter before.
Was Seagate Technology Holdings profitable in the third quarter fiscal 2025?
Operating profit was $431M (20.0% of revenue) and net earnings $340M.