Seagate Technology Holdings PLC (NASDAQ:STX) released its third-quarter results after Tuesday's closing bell. Here's a look at the details from the quarter.
The Details: Seagate Technology reported quarterly earnings of $1.90 per share, which missed the analyst consensus estimate of $2.09. Quarterly revenue of $2.16 billion missed the consensus estimate of $2.31 billion and is an increase over sales of $1.66 billion from the same period last year.
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Seagate’s board of directors declared a quarterly cash dividend of 72 cents per share payable on July 8, 2025, to shareholders of record as of the close of business on June 25, 2025.
“Seagate delivered another solid quarter of profitable year-on-year growth and margin expansion, elevating our non-GAAP EPS to the top of our guidance range. Our performance underscores the structural enhancements we’ve made to our business model and healthy supply/demand environment for mass capacity storage,” said Dave Mosley, Seagate’s CEO.
Outlook: Seagate sees fourth-quarter adjusted earnings of between $2.20 and $2.60 per share, versus the $2.20 analyst estimate, and revenue in a range of $2.25 billion to $2.55 billion, versus the $2.43 billion estimate.
STX Price Action: According to data from Benzinga Pro, Seagate stock was up 7.87% after hours at $88.02 on Tuesday.
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