Seagate Technology Holdings plc reported a robust Q2 2025 performance, achieving revenue of $2.33 billion, a 7% sequential increase, and a remarkable year-over-year growth of 50%. This reflects a continued rebound in demand across key segments, particularly in the cloud market, which has been a significant driver of revenue. Non-GAAP EPS reached $2.03, the highest in 12 quarters, supported by a strong mix of high-capacity nearline drives and ongoing cost discipline. However, management disclosed that supply constraints arising from production issues may temporarily limit performance in the upcoming quarter. Despite these headwinds, Seagate's strategic focus on AI-driven data storage positions it well for future growth. In the context of an expanding cloud market, the company aims to leverage its innovative technologies, including the ramp-up of its HAMR platform, to capture further opportunities and enhance profitability moving forward.