Seagate Reports Strong Fiscal Q3 2025 Results and Ups Guidance

Seagate Technology announced fiscal Q3 2025 revenue of $2.16 billion, up from $1.66 billion a year earlier. GAAP diluted EPS was $1.57 and non-GAAP EPS reached $1.90, supported by gross margin expansion and improved operating leverage. Net income rose to $340 million (GAAP) and $407 million (non-GAAP). Free cash flow totaled $216 million, with $152 million returned to shareholders via dividends. The company also reduced debt by $536 million.

The Board declared a $0.72/share dividend, payable July 8 to shareholders of record on June 25. For Q4 2025, Seagate expects revenue of $2.4 billion ± $150 million and non-GAAP EPS of $2.40 ± $0.20, citing robust demand for HAMR-based storage and confidence in its long-term profitability.