Seagate(STX) - 2025 Q4 - Earnings Call Presentation

Financial Performance - Q4FY25 revenue reached $2.44 billion, a 30% increase year-over-year[6] - Non-GAAP gross margin for Q4FY25 was 37.9%, up approximately 700 bps year-over-year[6, 7] - Non-GAAP operating margin for Q4FY25 increased to 26.2%, up approximately 890 bps year-over-year[6, 7] - Non-GAAP diluted earnings per share (EPS) for Q4FY25 expanded to $2.59[6, 7] - Free cash flow for Q4FY25 nearly doubled quarter-over-quarter to $425 million[7] - FY25 revenue increased 39% year-over-year, with gross profit nearly doubling and operating profit more than tripling[7] Market and Technology - Hard drive revenue reached $2.3 billion, up 14% quarter-over-quarter[12] - Mass capacity revenue topped $2.0 billion, up 40% year-over-year[12] - Nearline shipments were 137 exabytes, up 52% year-over-year[12] - Average capacity per drive increased 3% quarter-over-quarter to 13 TB[6, 17] Guidance - Q1FY26 revenue is projected to be $2.50 billion ± $150 million[20] - Q1FY26 non-GAAP operating margin is expected to be in the mid-to-high twenties percentage of revenue[20] - Q1FY26 non-GAAP diluted earnings per share is guided at $2.30 ± $0.20[20]