Seagate Technology (STX) Q3 2025 Earnings Report

Seagate Technology Holdings plc reported strong financial results for Q3 2025, with revenue reaching $2.16 billion, reflecting a 31% year-over-year increase despite a 7% sequential decrease due to temporary supply constraints. The company achieved an impressive non-GAAP gross margin of 36.2%, marking the eighth consecutive quarter of expansion, thanks to a favorable product mix and strategic pricing initiatives. Management emphasized the ongoing demand for mass capacity storage, particularly from cloud customers, and expressed confidence in future growth driven by the successful ramp-up of HAMR technology. Looking ahead, Seagate forecasts Q4 revenue in the range of $2.4 billion, indicating strong momentum through the remainder of 2025.