Seagate's Q2 Earnings & Revenues Beat, Increase Y/Y, Stock Gains

Seagate Technology Holdings plc (STX) reported second-quarter fiscal 2025 non-GAAP earnings of $2.03 per share, beating the Zacks Consensus Estimate by 7.98%. Also, the figure was toward the high end of management’s guidance of $1.85 per share (+/- 20 cents). The figure surpassed $2 for the first time in 12 quarters, highlighting STX’s continued focus on profitability. The company reported non-GAAP earnings of 12 cents per share in the year-ago quarter. The strong uptake of its high-capacity nearline drives ...