<span item_type="fundamental" item_id="1311285299ccc1a2ef715e53131bcf13" counter_id="ST/US/STX" env="prod"></span><span item_type="announcement" item_id="544733238915042817" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 9.097 B, beating the estimate of USD 9.071 B.</p><p>EPS: As of FY2025, the actual value is USD 6.77, beating the estimate of USD 6.6163.</p><p>EBIT: As of FY2025, the actual value is USD 1.89 B.</p><p></p><h3>Revenue</h3><ul><li><strong>Total Revenue</strong>: $9,097 million for fiscal year 2025, an increase from $6,551 million in fiscal year 2024, primarily due to higher demand for nearline cloud products and favorable pricing actions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Cost of Revenue and Gross Margin</h3><ul><li><strong>Cost of Revenue</strong>: $5,897 million for fiscal year 2025, up from $5,015 million in fiscal year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li><li><strong>Gross Margin</strong>: 35% for fiscal year 2025, up from 23% in fiscal year 2024, driven by favorable product mix, pricing actions, and a decrease in supply-related purchase order cancellation fees.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Operating Expenses</h3><ul><li><strong>Product Development</strong>: $724 million for fiscal year 2025, up from $654 million in fiscal year 2024, primarily due to increased compensation and other employee benefits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li><li><strong>Marketing and Administrative</strong>: $561 million for fiscal year 2025, up from $460 million in fiscal year 2024, primarily due to increased compensation and other employee benefits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li><li><strong>Restructuring and Other, net</strong>: $25 million charge for fiscal year 2025, compared to a $30 million benefit in fiscal year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Other Expense, net</h3><ul><li><strong>Other Expense, net</strong>: $377 million for fiscal year 2025, primarily related to interest expense and loss on investments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Income Taxes</h3><ul><li><strong>Provision for Income Taxes</strong>: $44 million for fiscal year 2025, down from $110 million in fiscal year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Net Income</h3><ul><li><strong>Net Income</strong>: $1,469 million for fiscal year 2025, up from $335 million in fiscal year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: $1,083 million for fiscal year 2025, up from $918 million in fiscal year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li><li><strong>Investing Activities</strong>: Net cash used was $276 million for fiscal year 2025, primarily due to purchases of property, equipment, and leasehold improvements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li><li><strong>Financing Activities</strong>: Net cash used was $1,274 million for fiscal year 2025, primarily due to repurchases of long-term debt and dividend payments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects to benefit from future growth in data demand and data value, including from the adoption of Generative AI applications.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1137789/000113778925000157/stx-20250627.htm"></span></li></ul>

Seagate Tech | 10-K: FY2025 Revenue Beats Estimate at USD 9.097 B