Seagate Technology Holdings (STX) Revenue — Quarter Ended Sep 27, 2024
Revenue increased for the quarter ended September 27, 2024. This is a reversal from the declines reported in the two prior quarters.
Key takeaway
Quarter ended Sep 27, 2024 · FY2025 Q1
Revenue increased for the quarter ended September 27, 2024. This is a reversal from the declines reported in the two prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+14.9%
Change from the immediately preceding quarter.
Year-over-year
+49.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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 |
|---|---|---|
| Dec 29, 2023 | $1.6B | -17.6% |
| Mar 29, 2024 | $1.7B | -11.0% |
| Jun 28, 2024 | $1.9B | +17.8% |
| Sep 27, 2024 | $2.2B | +49.1% |
Revenue performance
Reported revenue rose compared with the immediately preceding quarter. The result also showed a substantial increase versus the same quarter one year earlier.
Quarterly comparison
The sequential improvement follows two consecutive quarter-over-quarter declines. On a year-over-year basis, the growth rate accelerated markedly from the prior quarter's pace.
What to watch
Filing context references risk factors and liquidity analysis; no specific revenue drivers or forward-looking statements are provided in the supplied text.