Quick Answer
Seagate Technology Holdings plc is a mass-capacity data storage company that reported $9.097 billion in fiscal 2025 revenue and $1.469 billion in GAAP net income.
Why Seagate Matters
Seagate supplies the storage layer behind large parts of cloud, enterprise, consumer, and edge infrastructure. Its hard drives remain important because many data workloads need low cost per terabyte more than flash-like speed.
Financial Snapshot
Fiscal 2025 revenue was $9.097 billion, GAAP gross margin was 35.2%, GAAP operating margin was 20.8%, cash flow from operations was $1.083 billion, and free cash flow was $818 million.
Strategic Question
The key question is whether Seagate can keep HAMR and high-capacity drive economics ahead of SSD cost declines while hyperscale cloud customers continue adding mass-capacity storage.
