Seagate Technology Holdings plc stock research
FY2027 Q4
Seagate Technology Holdings (STX) Gross Margin — Quarter Ended Jun 27, 2025
Revenue and gross profit both increased from the prior quarter and from the same quarter a year ago. Cost of revenue also rose, but gross profit grew at a faster pace, resulting in a higher gross margin.
Gross margin takeaway
Quarter ended Jun 27, 2025 · FY2027 Q4
Revenue and gross profit both increased from the prior quarter and from the same quarter a year ago. Cost of revenue also rose, but gross profit grew at a faster pace, resulting in a higher gross margin.
- The strongest observable margin driver is the proportionally larger increase in gross profit relative to revenue, which lifted the gross margin.
- Compared to the prior quarter, gross margin improved; compared to the same quarter a year ago, gross margin was higher. Revenue and gross profit also increased in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.4%
Gross profit
$914.0M
Revenue
$2.4B
Cost of revenue
$1.5B
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+5.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 27, 2024 | $2.2B | $714.0M | $1.5B | 32.9% |
| Dec 27, 2024 | $2.3B | $812.0M | $1.5B | 34.9% |
| Mar 28, 2025 | $2.2B | $760.0M | $1.4B | 35.2% |
| Jun 27, 2025 | $2.4B | $914.0M | $1.5B | 37.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 28, 2025
+2.2 pts
Year-over-year change
Jun 28, 2024
+5.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the proportionally larger increase in gross profit relative to revenue, which lifted the gross margin.
Compared to the prior quarter, gross margin improved; compared to the same quarter a year ago, gross margin was higher. Revenue and gross profit also increased in both comparisons.
Monitor the proportion of revenue consumed by cost of revenue, as it directly affects the direction of gross margin.