Seagate Technology Holdings PLC

STX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Seagate Earnings: We Maintain $78 Fair Value as Results Fit Our Cyclical Recovery Thesis

William Kerwin

Jan 22, 2025

Seagate Technology reported $2.33 billion in December quarter sales, rising 7% sequentially and 50% year over year. Non-GAAP gross margin of 35.5% rose 220 basis points sequentially. March quarter guidance met FactSet consensus expectations with a sales midpoint of $2.1 billion.

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Seagate Technology Holdings PLC

Seagate Earnings: We Maintain $78 Fair Value as Results Fit Our Cyclical Recovery Thesis

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