Seagate Technology Holdings (STX) Revenue — Quarter Ended Dec 29, 2023
Revenue rose for the reported quarter, marking a reversal from the prior quarter's decline. However, revenue remained below the level achieved in the same quarter one year earlier.
Key takeaway
Quarter ended Dec 29, 2023 · FY2024 Q2
Revenue rose for the reported quarter, marking a reversal from the prior quarter's decline. However, revenue remained below the level achieved in the same quarter one year earlier.
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
+6.9%
Change from the immediately preceding quarter.
Year-over-year
-17.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Mar 31, 2023 | $1.9B | -33.6% |
| Jun 30, 2023 | $1.6B | -39.0% |
| Sep 29, 2023 | $1.5B | -28.6% |
| Dec 29, 2023 | $1.6B | -17.6% |
Revenue performance
The reported quarter's revenue increased compared to the immediately preceding quarter. This improvement follows several consecutive quarters of year-over-year revenue decreases.
Quarterly comparison
Compared to the same quarter one year ago, revenue was lower. The sequential quarterly increase contrasts with the year-over-year decline, indicating a mixed performance.
What to watch
The filing context lists risk factors but provides no explanatory detail for the revenue changes.