Seagate Technology Holdings (STX) Revenue — Quarter Ended Sep 29, 2023
Revenue declined in the current quarter compared to both the immediately preceding quarter and the same quarter a year ago. The sequential decrease was smaller than the year-over-year drop.
Key takeaway
Quarter ended Sep 29, 2023 · FY2024 Q1
Revenue declined in the current quarter compared to both the immediately preceding quarter and the same quarter a year ago. The sequential decrease was smaller than the year-over-year drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-9.2%
Change from the immediately preceding quarter.
Year-over-year
-28.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.8B
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 |
|---|---|---|
| Dec 30, 2022 | $1.9B | -39.4% |
| Mar 31, 2023 | $1.9B | -33.6% |
| Jun 30, 2023 | $1.6B | -39.0% |
| Sep 29, 2023 | $1.5B | -28.6% |
Revenue performance
Revenue moved lower from the prior quarter, continuing the downward trend seen in recent periods. The year-over-year comparison also showed a significant contraction.
Quarterly comparison
The quarter-over-quarter decline was less pronounced than the decline from the same quarter one year earlier, indicating a moderating pace of decrease.
What to watch
Revenue has now declined for four consecutive quarters on a year-over-year basis.