Seagate Technology Holdings (STX) Revenue — Quarter Ended Jun 30, 2023
Revenue declined from the immediately preceding quarter and from the same quarter one year earlier. The quarterly trend shows a continued downward trajectory across recent periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue declined from the immediately preceding quarter and from the same quarter one year earlier. The quarterly trend shows a continued downward trajectory across recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-13.9%
Change from the immediately preceding quarter.
Year-over-year
-39.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $2B | -34.7% |
| Dec 30, 2022 | $1.9B | -39.4% |
| Mar 31, 2023 | $1.9B | -33.6% |
| Jun 30, 2023 | $1.6B | -39.0% |
Revenue performance
Reported revenue was lower compared with the prior quarter, reflecting a sequential decrease. On an annual basis, revenue was also down sharply versus the same quarter last year.
Quarterly comparison
The drop from the preceding quarter continues the pattern seen in earlier periods, while the decline relative to the prior year is even more pronounced. Each of the last four quarters has been lower than its year-ago counterpart.
What to watch
Monitor whether the ongoing year-over-year revenue contraction stabilizes or deepens in upcoming filings.