Core Insights - Seagate reported a revenue of $9.097 billion for the fiscal year ending June 27, 2025, representing a year-over-year growth of 38.86% compared to $6.551 billion in 2024 [1] - The GAAP gross margin and operating margin for the fiscal year reached 35.2% and 20.8%, respectively, reflecting an increase of 11.8 and 13.9 percentage points [1] - In the fourth fiscal quarter of 2025, Seagate's revenue was $2.444 billion, a year-over-year increase of 29.52% [1] Financial Performance - Seagate's total revenue for the fiscal year was $9.097 billion, up from $6.551 billion in the previous year, marking a significant growth [1] - The fourth fiscal quarter revenue was $2.444 billion, showing strong performance compared to the same quarter last year [1] - The company achieved record gross margins and non-GAAP earnings per share at the upper end of guidance [5] Product and Technology Development - In the fourth fiscal quarter, Seagate shipped a total hard drive capacity of 162EB, with a quarter-over-quarter growth of 13% [3] - The average capacity per drive reached 13TB, reflecting a 3% increase from the previous quarter [3] - Seagate is advancing its next-generation HAMR technology platform, Mozaic 4+, which aims for a single drive capacity of 44TB, with initial production planned for the second half of 2026 [3] Market Demand and Strategy - The strong performance in the fourth quarter highlights Seagate's commitment to profit growth, driven by structural improvements and sustained demand for high-capacity drives from cloud customers [5] - The company is focused on meeting the growing data storage needs in cloud and edge computing scenarios through its high-density HAMR technology [5] - Seagate expresses confidence in its ability to create long-term value for customers and shareholders [5]