---
title: "Seagate Tech | 10-K: FY2025 Revenue Beats Estimate at USD 9.097 B"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/251248294.md"
published_at: "2025-08-01T20:16:52.000Z"
---

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

Revenue: As of FY2025, the actual value is USD 9.097 B, beating the estimate of USD 9.071 B.

EPS: As of FY2025, the actual value is USD 6.77, beating the estimate of USD 6.6163.

EBIT: As of FY2025, the actual value is USD 1.89 B.

### Revenue

-   **Total Revenue**: $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.

### Cost of Revenue and Gross Margin

-   **Cost of Revenue**: $5,897 million for fiscal year 2025, up from $5,015 million in fiscal year 2024.
-   **Gross Margin**: 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.

### Operating Expenses

-   **Product Development**: $724 million for fiscal year 2025, up from $654 million in fiscal year 2024, primarily due to increased compensation and other employee benefits.
-   **Marketing and Administrative**: $561 million for fiscal year 2025, up from $460 million in fiscal year 2024, primarily due to increased compensation and other employee benefits.
-   **Restructuring and Other, net**: $25 million charge for fiscal year 2025, compared to a $30 million benefit in fiscal year 2024.

### Other Expense, net

-   **Other Expense, net**: $377 million for fiscal year 2025, primarily related to interest expense and loss on investments.

### Income Taxes

-   **Provision for Income Taxes**: $44 million for fiscal year 2025, down from $110 million in fiscal year 2024.

### Net Income

-   **Net Income**: $1,469 million for fiscal year 2025, up from $335 million in fiscal year 2024.

### Cash Flow

-   **Operating Cash Flow**: $1,083 million for fiscal year 2025, up from $918 million in fiscal year 2024.
-   **Investing Activities**: Net cash used was $276 million for fiscal year 2025, primarily due to purchases of property, equipment, and leasehold improvements.
-   **Financing Activities**: Net cash used was $1,274 million for fiscal year 2025, primarily due to repurchases of long-term debt and dividend payments.

### Outlook / Guidance

-   The company expects to benefit from future growth in data demand and data value, including from the adoption of Generative AI applications.

### Related Stocks

- [STX.US - Seagate Tech](https://longbridge.com/en/quote/STX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Seagate Stock Just Hit a New All-Time High Ahead of Earnings. Should You Chase the AI Frenzy Higher? | Seagate Stock Just Hit a New All-Time High Ahead of Earnings. Should You Chase the AI Frenzy Higher? | [Link](https://longbridge.com/en/news/273854266.md) |
| Seagate Technology Holdings plc SEC 10-Q Report | Seagate Technology Holdings plc has released its Form 10-Q report for the December 2025 quarter, showcasing strong finan | [Link](https://longbridge.com/en/news/274358046.md) |
| Did Analyst Upgrades and Metal Price Tailwinds Just Shift Coeur Mining's (CDE) Investment Narrative? | Recent analyst upgrades for Coeur Mining, alongside rising gold and silver prices, have shifted focus on the company's c | [Link](https://longbridge.com/en/news/275995095.md) |
| A Goldman Sachs partner in technology shares the skills young job seekers need in the AI workplace | A Goldman Sachs partner in technology shares the skills young job seekers need in the AI workplace | [Link](https://longbridge.com/en/news/275976341.md) |
| Aberdeen Group plc Has $144.09 Million Position in Arista Networks, Inc. $ANET | Aberdeen Group plc increased its stake in Arista Networks, Inc. by 1.4% in Q3, owning 1,005,027 shares valued at $144.09 | [Link](https://longbridge.com/en/news/275999141.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.