Financial Data and Key Metrics Changes - Seagate reported a 31% year-on-year increase in revenue, reaching $2.16 billion, and an 81% growth in non-GAAP gross profit dollars [6][15] - Non-GAAP gross margin expanded by 70 basis points sequentially to 36.2%, and non-GAAP operating margin increased to 23.5% of revenue [15][18] - Non-GAAP EPS was $1.90, at the top end of the guidance range, with free cash flow generation increasing to $216 million compared to $150 million in the prior period [20][21] Business Line Data and Key Metrics Changes - Alt drive revenue was $2 billion, down 8% sequentially, while mass capacity revenue declined by $145 million to $1.7 billion, representing a 48% increase year-on-year [16] - Nearline represented roughly 90% of mass capacity volume, with shipments of 120 exabytes, down 5% sequentially but up 55% year-on-year [17] - Sales of legacy products totaled $254 million, down 8% sequentially, while revenue from other businesses remained flat at $157 million [17] Market Data and Key Metrics Changes - Cloud nearline revenue and exabytes were up nearly 10% sequentially, almost doubling year-over-year amid a tight supply environment [10] - Demand for mass capacity storage is aligned with the cloud CapEx investment cycle and ongoing data center infrastructure build-out to support AI transformations [10][11] - Nearline exabyte demand looks strong through calendar 2025, with visibility of demand extending into the first half of calendar 2026 [12] Company Strategy and Development Direction - Seagate is focusing on managing controllable factors while executing its aerial density-driven technology roadmap, which enhances customer value [9] - The company is ramping up shipments of high-capacity drives and expects significant increases in HAMR product shipments in the coming quarters [13][14] - Seagate's transformation towards a profit and cash generation-focused business model is expected to capitalize on the growing demand for mass capacity storage [25] Management's Comments on Operating Environment and Future Outlook - Management expects minimal impact from trade policy changes on fourth-quarter financial performance and is monitoring the situation closely [8] - The company anticipates continued robust demand for high-capacity nearline products, with revenue forecasted to be in the range of $2.4 billion for June [23] - Management remains optimistic about the long-term growth prospects driven by increasing data generation and the value of data [25] Other Important Information - Seagate's debt balance was $5.1 billion at the end of March, with a net leverage ratio of 2.1 times, and plans to continue reducing debt [22] - The company returned $152 million to shareholders through dividends and maintained ample liquidity of $2.1 billion [21] Q&A Session Summary Question: Can you help us understand how and where you got some of the upside in the quarter with the supply shortage? - Management indicated that the predictability built through the build-to-order process allowed them to guide the same revenue expectations a month ago, despite previous operational issues being resolved [29][30] Question: Where are you with HAMR qualifications and how much did it contribute to the March results? - Management confirmed that HAMR is growing well, with significant contributions expected as qualifications progress [34][36] Question: How has your visibility improved regarding new demand from neo clouds? - Management noted that build-to-order agreements provide better visibility into demand, and customers are making data center investments due to the importance of data infrastructure [40][41] Question: Why are margins not seeing more upside in June despite expected increases in nearline? - Management explained that while nearline and cloud demand is expected to be higher, pricing dynamics and contract negotiations will influence margin outcomes [43][45] Question: How do you see the impact of tariffs on your financial model? - Management stated that passing through tariff-related costs would be a last resort, and they are focused on maintaining margins through value-added negotiations [50][51] Question: What is the expected contribution of HAMR to your bits as you progress through calendar 2025? - Management expressed confidence in the increasing presence of HAMR drives as qualifications complete, contributing significantly to future growth [73] Question: How do you see the impact of emerging AI inference storage on your long-term TAM? - Management highlighted the potential for increased storage demand driven by AI applications, emphasizing the importance of data infrastructure [64][66]

Financial Data and Key Metrics Changes - Seagate reported a 31% year-on-year increase in revenue, reaching $2.16 billion, and an 81% growth in non-GAAP gross profit dollars [5][13] - Non-GAAP gross margin expanded by 70 basis points sequentially to 36.2%, and non-GAAP operating margin increased to 23.5% of revenue [13][16] - Non-GAAP EPS was $1.90, at the top end of the guidance range, with free cash flow generation increasing to $216 million compared to $150 million in the prior period [18][19] Business Line Data and Key Metrics Changes - Nearline revenue represented approximately 90% of mass capacity volume, with shipments of 120 exabytes, down 5% sequentially but up 55% year-on-year [15] - Mass capacity revenue declined sequentially by $145 million to $1.7 billion, but represented a 48% increase year-on-year [14] - Legacy product sales totaled $254 million, down 8% sequentially, reflecting expected seasonal trends [15] Market Data and Key Metrics Changes - Cloud nearline revenue and exabytes were up nearly 10% sequentially, almost doubling year-over-year amid a tight supply environment [8] - Demand for mass capacity storage aligns with the cloud CapEx investment cycle and ongoing data center infrastructure build-out to support AI transformations [8][10] - Nearline exabyte demand looks strong through calendar 2025, with visibility of demand extending into the first half of calendar 2026 [10] Company Strategy and Development Direction - The company is focused on managing controllable factors while executing its aerial density-driven technology roadmap [7] - Seagate's HAMR-based Mosaic drives are positioned as the industry's only three terabyte per disk products, with ramping volume to qualified customers [7][12] - The company aims to transform its business model to prioritize profits and cash generation, capitalizing on the growth in data generation and value [23] Management's Comments on Operating Environment and Future Outlook - Management expects minimal impact from trade policy changes on fourth-quarter financial performance and is monitoring the situation closely [6][20] - The company anticipates robust demand for high-capacity nearline products across the global cloud customer base, driving revenue and profits higher in the upcoming quarter [20] - Management expressed confidence in the long-term growth potential driven by increasing data generation and the need for mass capacity storage [23] Other Important Information - The company returned $152 million to shareholders through dividends and maintained liquidity of $2.1 billion at the end of March [19] - Seagate's debt balance was $5.1 billion, with a net leverage ratio of 2.1 times, and plans for further reduction in the coming quarters [19] Q&A Session Summary Question: How did Seagate manage upside in the quarter despite supply constraints? - Management indicated that the predictability built through the build-to-order process allowed them to guide revenue effectively, despite previous operational issues being resolved [29][30] Question: What is the status of HAMR qualifications and its contribution to results? - Management confirmed that HAMR is growing well, with several qualifications in progress, and that it contributed positively to the quarter's results [34][37] Question: How has visibility improved regarding customer demand? - Management noted that build-to-order models provide predictability, and there is a sense of urgency from customers for data center investments [41][42] Question: What is the impact of tariffs on financial models? - Management stated that passing through tariff-related costs would be a last resort, and they are focused on maintaining margins to reinvest in technology [50][52] Question: What is the outlook for revenue growth and gross margin in the back half of the year? - Management expressed confidence in sequential revenue growth and gross margin expansion, with strong demand visibility extending into early 2026 [55][58] Question: How does the company view the impact of emerging AI workloads on storage demand? - Management highlighted that AI workloads are expected to drive significant storage demand, particularly for video applications and large datasets [64][65]

[Fiscal Q3 2025 Financial Results](index=1&type=section&id=Fiscal%20Q3%202025%20Financial%20Results) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Seagate reported strong fiscal third-quarter 2025 results, driven by structural business model enhancements and a healthy mass capacity storage market FQ3 2025 vs FQ3 2024 Financial Performance | Metric | GAAP FQ3 2025 | GAAP FQ3 2024 | Non-GAAP FQ3 2025 | Non-GAAP FQ3 2024 | | :--- | :--- | :--- | :--- | :--- | | Revenue ($M) | $2,160 | $1,655 | $2,160 | $1,655 | | Gross Margin | 35.2% | 25.7% | 36.2% | 26.1% | | Operating Margin | 20.0% | 8.6% | 23.5% | 11.1% | | Net Income ($M) | $340 | $25 | $407 | $71 | | Diluted EPS | $1.57 | $0.12 | $1.90 | $0.33 | - The company's strong performance is attributed to structural enhancements to its business model and a healthy supply/demand environment for mass capacity storage[2](index=2&type=chunk) - Seagate remains focused on executing its HAMR (Heat-Assisted Magnetic Recording) product ramp to support ongoing demand from cloud customers[3](index=3&type=chunk) [Capital Management](index=1&type=section&id=Capital%20Management) Seagate generated substantial cash flow, reduced debt, and returned capital to shareholders through dividends in the third fiscal quarter FQ3 2025 Cash Flow and Capital Return | Metric | Amount ($M) | | :--- | :--- | | Cash flow from operations | $259 | | Free cash flow | $216 | | Capital returned to shareholders (dividends) | $152 | | Debt reduction | $536 | - The Board of Directors declared a quarterly cash dividend of **$0.72 per share**, payable on July 8, 2025[8](index=8&type=chunk) - The company ended the quarter with **$814 million** in cash and cash equivalents and **212 million** ordinary shares issued and outstanding[5](index=5&type=chunk) [Business Outlook (FQ4 2025)](index=2&type=section&id=Business%20Outlook%20(FQ4%202025)) Seagate anticipates continued growth for fiscal fourth quarter 2025, with specific revenue and non-GAAP diluted EPS guidance provided Fiscal Fourth Quarter 2025 Guidance | Metric | Guidance | | :--- | :--- | | Revenue | $2.40 billion ± $150 million | | Non-GAAP diluted EPS | $2.40 ± $0.20 | - The guidance for non-GAAP diluted EPS excludes known pre-tax charges related to estimated share-based compensation expenses of **$0.22 per share**[9](index=9&type=chunk) - A reconciliation of the non-GAAP diluted EPS guidance to the corresponding GAAP measure is not available without unreasonable effort due to the unpredictability of material items[10](index=10&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Seagate's balance sheet as of March 28, 2025, shows a decrease in total assets and a significant reduction in total liabilities Balance Sheet Summary (in millions) | Account | March 28, 2025 | June 28, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $814 | $1,358 | | Total Assets | $7,564 | $7,739 | | Total Liabilities | $8,393 | $9,230 | | Total Shareholders' Deficit | $(829) | $(1,491) | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Seagate reported significant year-over-year improvements in revenue and net income for the third quarter ended March 28, 2025 Statement of Operations Summary - Three Months Ended (in millions) | Metric | March 28, 2025 | March 29, 2024 | | :--- | :--- | :--- | | Revenue | $2,160 | $1,655 | | Income from operations | $431 | $143 | | Net income | $340 | $25 | | Diluted EPS | $1.57 | $0.12 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities increased, while significant cash was used in financing activities for debt reduction and dividends Cash Flow Summary - Nine Months Ended (in millions) | Activity | March 28, 2025 | March 29, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $575 | $484 | | Net cash used in investing activities | $(146) | $(157) | | Net cash used in financing activities | $(973) | $(319) | [Reconciliation of GAAP to Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) [Reconciliation Tables](index=8&type=section&id=Reconciliation%20Tables) Detailed reconciliations of GAAP to non-GAAP financial results are provided, highlighting key adjustments for net income and free cash flow FQ3 2025 GAAP to Non-GAAP Net Income Reconciliation (in millions) | Description | Amount | | :--- | :--- | | **GAAP Net Income** | **$340** | | Share-based compensation | $54 | | Restructuring and other, net | $20 | | Other adjustments (net) | $(7) | | **Non-GAAP Net Income** | **$407** | FQ3 2025 Free Cash Flow Reconciliation (in millions) | Description | Amount | | :--- | :--- | | GAAP Net Cash Provided by Operating Activities | $259 | | Acquisition of property, equipment and leasehold improvements | $(43) | | **Free Cash Flow** | **$216** | [Explanation of Non-GAAP Adjustments](index=7&type=section&id=Explanation%20of%20Non-GAAP%20Adjustments) Seagate explains its use of non-GAAP measures to provide a clearer view of core financial performance by excluding non-recurring or non-operational items - Non-GAAP results are used by management to assess performance, allocate resources, and plan for future periods, and are intended to supplement, not replace, GAAP results[23](index=23&type=chunk)[24](index=24&type=chunk) - Key adjustments include restructuring costs, share-based compensation, acquisition-related charges, purchase order cancellation fees, and strategic investment gains/losses, which are excluded because they are not considered indicative of core operating performance[32](index=32&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk)[38](index=38&type=chunk) - Free cash flow is defined as net cash from operating activities less capital expenditures and is used to assess liquidity. EBITDA and Adjusted EBITDA are used to evaluate the company's debt portfolio and comply with financial covenants[42](index=42&type=chunk)[43](index=43&type=chunk)

Core Viewpoint - Seagate Technology Holdings plc is set to report its third-quarter fiscal 2025 earnings, with expectations of revenue growth driven by mass capacity demand, particularly from cloud customers and AI applications [1][2][3]. Financial Estimates - The Zacks Consensus Estimate for earnings is $1.75 per share, unchanged over the past 30 days, compared to non-GAAP earnings of 33 cents per share in the same quarter last year [1]. - Management anticipates revenues of approximately $2.1 billion, with non-GAAP earnings expected to be $1.70 per share [2]. - Revenue estimates for the HDD segment are projected at $1.989 billion, reflecting a 34.7% increase year-over-year, while non-HDD segment revenues are expected to decline by 15.6% to $150.2 million [8]. Market Dynamics - Seagate expects continued improvements in mass capacity due to rising nearline demand from global cloud customers and enhancements in enterprise and OEM markets [2]. - The company has increased production of its 24-28 terabyte PMR drives, which are now its top-selling product line [4]. - The demand for HDDs is anticipated to rise as cloud service providers focus on AI application development and infrastructure [3]. Revenue and Margin Expectations - Mass capacity revenues are expected to increase by 50.1% year-over-year to $1.77 billion in the fiscal third quarter [7]. - Non-GAAP gross margin is projected to be 35.8%, up from 26.1% in the prior-year quarter, benefiting from strong demand for new nearline products and pricing actions [9]. Supply Chain and Operational Challenges - Supply chain issues are expected to impact revenues by approximately $200 million, although the company plans to meet build-to-order commitments [2]. - Non-GAAP operating expenses for the fiscal third quarter are estimated at $290 million [9]. Earnings Prediction - Current models do not predict an earnings beat for Seagate, with an Earnings ESP of -1.28% and a Zacks Rank of 5 (Strong Sell) [10].

Core Insights - IBM reported strong fourth-quarter 2024 results, with adjusted earnings and revenues exceeding estimates, driven by solid demand for hybrid cloud and AI solutions [2][3] Financial Performance - Net income for Q4 2024 was $2.91 billion or $3.09 per share, down from $3.29 billion or $3.55 per share in the previous year due to high operating expenses [4] - For the full year 2024, net income was $6.02 billion or $6.43 per share, compared to $7.5 billion or $8.14 per share in 2023 [5] - Quarterly total revenues increased to $17.55 billion from $17.38 billion, with a 2% year-over-year increase on a constant currency basis [6] Segment Performance - Software segment revenues rose to $7.92 billion from $7.18 billion, with notable growth in Red Hat (up 17%), Automation (16%), and Data & AI (5%) [8] - Consulting segment revenues decreased to $5.17 billion from $5.28 billion, missing estimates due to clients prioritizing spending [9] - Infrastructure segment revenues fell to $4.26 billion from $4.6 billion, reflecting lower demand and higher investments in AI and hybrid cloud [10] Cash Flow & Liquidity - IBM generated $4.33 billion in cash from operations during the quarter, with free cash flow at $6.16 billion, up from $6.09 billion in the prior year [12] Outlook - For 2025, IBM expects revenue growth of at least 5% on a constant currency basis, with free cash flow projected around $13.5 billion [13]

Revenue and Gross Margin - Revenue for the December 2024 quarter was $2.3 billion, with a gross margin of 34.9% and operating cash flow of $221 million[122] - Revenue increased by $157 million compared to the September 2024 quarter, driven by higher demand for nearline products and favorable pricing actions[126] - Gross margin for the December 2024 quarter increased by 2 percentage points compared to the September 2024 quarter, primarily due to favorable product mix and cost efficiencies[129] - Gross margin for the December 2024 quarter increased by 12 percentage points compared to the December 2023 quarter, driven by favorable product mix, pricing actions, and the absence of $36 million in factory underutilization charges[130] - Revenue for the six months ended December 27, 2024, increased by $1.5 billion compared to the same period in 2023, primarily due to higher demand for nearline products and favorable pricing actions[127] Product Shipments and Demand - The company shipped 151 exabytes of HDD storage capacity in the December 2024 quarter, with mass capacity drives accounting for 140 exabytes[126] - The company anticipates temporary supply constraints in the March quarter due to resolved production challenges, but expects continued growth in HDD storage demand driven by Generative AI applications[123] Sales Incentives and Warranty Costs - Sales incentive programs accounted for 14% of gross revenue in the December 2024 quarter, compared to 13% in the September 2024 quarter and 18% in the December 2023 quarter[128] - Warranty costs related to new shipments were 0.7% of revenue in the December 2024 quarter, consistent with the September 2024 quarter and down from 0.9% in the December 2023 quarter[132] Expenses - Product development expenses increased by $3 million in the December 2024 quarter compared to the September 2024 quarter, primarily due to higher compensation and employee benefits[133] - Product development expenses increased by $23 million in the December 2024 quarter compared to the December 2023 quarter, primarily due to a $24 million increase in compensation and other employee benefits[134] - Marketing and administrative expenses increased by $31 million in the December 2024 quarter compared to the December 2023 quarter, primarily due to a $26 million increase in compensation and other employee benefits[137] - Other expense, net increased by $51 million in the December 2024 quarter compared to the September 2024 quarter, primarily due to a $50 million increase in net loss from certain investments[140] Cash and Financial Obligations - Cash and cash equivalents decreased by $120 million from June 28, 2024 to December 27, 2024, primarily due to $295 million in dividends paid to shareholders and $139 million in capital expenditures[146] - The company has $1.5 billion available for borrowing under its senior unsecured revolving credit facility as of December 27, 2024[148] - The company has unconditional purchase obligations of approximately $900 million as of December 27, 2024, with $810 million expected to be paid within one year[156] - Future principal payment obligation on long-term debt is $5.7 billion as of December 27, 2024, with $479 million due within one year[158] - The company accrued a settlement penalty of $300 million related to BIS' allegations of violations of the U.S. EAR, with $60 million expected to be paid within one year[159] - The company declared a quarterly cash dividend of $0.72 per share, payable on April 2, 2025[160] - The company expects capital expenditures to be higher in fiscal year 2025 compared to fiscal year 2024[162] Investments and Financial Instruments - The company has $531 million in floating rate money market funds, time deposits, and certificates of deposit with an average interest rate of 4.53%[169] - The company holds $5,729 million in fixed rate debt obligations with an average interest rate of 5.64%, maturing in various years up to 2029 and beyond[169] - The company has foreign currency forward exchange contracts with a total notional amount of $280 million, including $167 million in Singapore Dollars, $66 million in Thai Baht, $31 million in Chinese Renminbi, and $16 million in British Pound Sterling[173] - The company uses Total Return Swaps (TRS) to manage equity market risks associated with its non-qualified deferred compensation plan liabilities, paying a floating rate based on SOFR plus an interest rate spread[175]

Financial Data and Key Metrics - The company has posted its earnings press release and detailed supplemental information for the December quarter results on the Investors section of its website [3] - The call will refer to both GAAP and non-GAAP measures, with non-GAAP figures reconciled to GAAP figures in the earnings press release and Form 8-K [4] - Certain non-GAAP outlook measures have not been reconciled due to material items that are out of the company's control or cannot be reasonably predicted [4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific information on company strategy or industry competition was provided in the content Management Commentary on Operating Environment and Future Outlook - The call contains forward-looking statements that reflect management's current views and assumptions [5] Other Important Information - The event is being recorded, and participants will be in listen-only mode during the presentation [2] - After the presentation, there will be an opportunity for participants to ask questions [2] Q&A Session - No specific questions or answers were provided in the content

Revenue and Earnings - Revenue increased to $2.33 billion in fiscal Q2 2025, up from $1.56 billion in fiscal Q2 2024[4][6] - GAAP diluted EPS of $1.55 and non-GAAP diluted EPS of $2.03 in fiscal Q2 2025[4][6] - Fiscal Q3 2025 revenue guidance of $2.10 billion, plus or minus $150 million[14] - Fiscal Q3 2025 non-GAAP diluted EPS guidance of $1.70, plus or minus $0.20[14] - Net income for the six months ended December 27, 2024, was $641 million, compared to a net loss of $203 million for the same period in 2023[22] - Non-GAAP net income for the six months ended December 27, 2024, was $770 million, compared to a net loss of $21 million in the same period in 2023[28] Gross and Operating Margins - Gross margin improved to 34.9% (GAAP) and 35.5% (non-GAAP) in fiscal Q2 2025, compared to 23.3% (GAAP) and 23.6% (non-GAAP) in fiscal Q2 2024[4] - Non-GAAP gross margin for the six months ended December 27, 2024, was 34.5%, up from 21.8% in the same period in 2023[26] - Non-GAAP operating margin for the six months ended December 27, 2024, was 21.8%, compared to 5.6% in the same period in 2023[26] Cash Flow and Liquidity - Cash flow from operations of $221 million and free cash flow of $150 million in fiscal Q2 2025[5][6] - Cash and cash equivalents totaled $1.2 billion as of December 27, 2024[5] - Free cash flow for the six months ended December 27, 2024, was $177 million, up from $156 million in the same period in 2023[28] - Net cash provided by operating activities for the six months ended December 27, 2024, was $316 million, compared to $296 million in the same period in 2023[22] - Free cash flow is defined as net cash from operating activities less acquisition of property, equipment, and leasehold improvements[41] Dividends and Shareholder Returns - The company declared a quarterly cash dividend of $0.72 per share[6][7] Product Development and Innovation - Seagate began ramping HAMR-based Mozaic products with capacities up to 36 terabytes in the December quarter[3] Balance Sheet and Assets - Total assets increased to $7.96 billion as of December 27, 2024, up from $7.74 billion as of June 28, 2024[18] Non-GAAP Adjustments and Metrics - Share-based compensation for the six months ended December 27, 2024, was $87 million, up from $55 million in the same period in 2023[26] - Share-based compensation expenses are excluded from non-GAAP results to enhance understanding of the company's underlying performance and facilitate peer comparison[36] - Strategic investment gains, losses, and impairment charges are excluded from non-GAAP results due to their inconsistency in amount and frequency[37] - IT transformation costs are excluded from non-GAAP results as they are inconsistent in amount and frequency[38] - Income tax adjustments are calculated using a hybrid method and effective tax rate for non-GAAP adjustments[39] - Non-GAAP diluted share count adjustments exclude certain dilutive shares to reduce potential dilution from capped call transactions[40] - Adjusted EBITDA excludes non-core operating expenses such as impairment charges, restructuring costs, and share-based compensation[42] - LTM adjusted EBITDA is used to evaluate the company's debt portfolio and compliance with financial covenants[42] - Non-GAAP EBITDA for the last twelve months ended December 27, 2024, was $1,823 million[30] One-Time Events and Adjustments - The company recorded a pre-tax net gain of $313 million from the sale of System-on-Chip Operations in April 2024[32] - The company incurred $1 million in purchase order cancellation fees for the six months ended December 27, 2024, down from $114 million in the same period in 2023[28]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number 001-31560 _______________________________________ SEAGATE TECHNOLOGY HOLDINGS PUBLI ...

O SEAGATE SUPPLEMENTAL FINANCIAL INFORMATION Q1FY25 OCTOBER 22, 2024 Safe Harbor Statement and Use of Non-GAAP Financial Information This document and our other communications regarding our quarterly financial results contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. F ...