Seagate Technology Holdings (STX) Revenue — Quarter Ended Mar 29, 2024
Revenue increased sequentially but decreased compared to the same quarter a year earlier. The year-over-year decline continued, though at a reduced pace.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q3
Revenue increased sequentially but decreased compared to the same quarter a year earlier. The year-over-year decline continued, though at a reduced pace.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
-11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
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 |
|---|---|---|
| Jun 30, 2023 | $1.6B | -39.0% |
| Sep 29, 2023 | $1.5B | -28.6% |
| Dec 29, 2023 | $1.6B | -17.6% |
| Mar 29, 2024 | $1.7B | -11.0% |
Revenue performance
Revenue for the quarter rose from the prior quarter, marking a sequential improvement. However, on a year-over-year basis, revenue was lower.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue declined.
What to watch
Recent quarters show a pattern of moderating year-over-year declines, which may reflect evolving market conditions as discussed in the filing.