Seagate Technology Holdings (STX) Revenue — Quarter Ended Jun 28, 2024
Revenue for the most recent quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The company, a leading provider of data storage technology and infrastructure solutions, reported this growth.
Key takeaway
Quarter ended Jun 28, 2024 · FY2024 Q4
Revenue for the most recent quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. The company, a leading provider of data storage technology and infrastructure solutions, reported this growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+14.0%
Change from the immediately preceding quarter.
Year-over-year
+17.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.6B
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 29, 2023 | $1.5B | -28.6% |
| Dec 29, 2023 | $1.6B | -17.6% |
| Mar 29, 2024 | $1.7B | -11.0% |
| Jun 28, 2024 | $1.9B | +17.8% |
Revenue performance
The reported revenue increased from the prior quarter, reflecting a continuation of the upward trend seen in recent periods.
Quarterly comparison
Sequentially, revenue advanced from the preceding quarter. On a year-over-year basis, revenue also improved compared with the same quarter one year earlier.
What to watch
Monitor whether the revenue growth trajectory can be sustained given the company's focus on mass capacity storage and legacy markets.