STX 10-Q Quarterly Reports

Seagate Technology Holdings plc reported a strong performance for the quarter ended January 2, 2026, with revenue increasing to $2.8 billion, a significant rise from the prior year's comparable period. This growth was driven by robust demand, particularly in data center end markets, supported by AI-driven applications and sustained investments in cloud infrastructure. The company also saw a substantial improvement in gross margin, which rose to 41.6%, up from 35% in the previous year's quarter, attributed to strategic pricing actions and a favorable product mix. The company's net income for the quarter was $593 million, a notable increase from $336 million in the same period last year, with diluted earnings per share reaching $2.60. Seagate generated strong operating cash flow of $723 million during the quarter, which supported debt reduction efforts, including the retirement of $500 million in long-term debt, and continued dividend payments to shareholders. The balance sheet shows an increase in cash and cash equivalents to $1.05 billion. Despite the positive results, the company acknowledges ongoing macroeconomic uncertainties and geopolitical tensions that could impact future performance.

Seagate Technology Holdings plc (STX) reported strong financial results for the quarter ending October 3, 2025. Revenue increased significantly year-over-year, driven by robust demand in Data Center markets, particularly from global cloud customers leveraging high-capacity nearline drives for AI applications. Net income and earnings per share saw substantial growth compared to the prior year's quarter. The company demonstrated improved operational efficiency, reflected in a higher gross margin. Seagate continues to focus on managing its debt obligations and executing its capital allocation strategies, including dividends and share repurchases. The company also highlighted its strategic shift in market segmentation to better reflect AI-driven demand, now categorizing its business into Data Center and Edge IoT markets.

Seagate Technology Holdings plc (STX) reported a significant turnaround in its financial performance for the quarter ended March 28, 2025, with net income soaring to $340 million, a substantial increase from $25 million in the prior year's quarter. This surge was driven by a robust increase in revenue to $2.16 billion, up from $1.655 billion year-over-year, primarily attributed to higher demand for mass capacity nearline drives from cloud customers and favorable pricing strategies. Operationally, the company has successfully navigated temporary supply constraints and is benefiting from improved product mix and pricing actions, leading to a significant expansion in gross margin to 35.2% from 26% in the prior year's comparable quarter. While debt levels remain substantial, the company has made progress in managing its debt obligations, including the repayment of the 2025 Notes. Looking ahead, Seagate anticipates continued demand driven by data growth and emerging trends like Generative AI, although it remains vigilant of macroeconomic uncertainties and trade policy shifts.

Seagate Technology Holdings plc (STX) reported a strong financial performance for the quarter ending December 27, 2024, showcasing significant year-over-year growth in revenue and a substantial improvement in gross margins. Revenue for the quarter reached $2.325 billion, up from $1.555 billion in the prior year's comparable period, driven by increased demand for high-capacity nearline drives and favorable pricing actions. This top-line growth, coupled with improved product mix and cost efficiencies, led to a gross margin of 35%, a marked increase from 23% in the previous year. The company also demonstrated robust operational profitability, with income from operations at $488 million, a significant jump from $124 million in the prior year. Net income attributable to shareholders was $336 million, translating to $1.55 per diluted share, a stark contrast to the net loss of $19 million reported in the same period last year. The balance sheet remains solid, with total assets increasing to $7.959 billion and total liabilities decreasing to $9.038 billion, primarily due to a reduction in current liabilities. Seagate also maintained a healthy cash position of $1.238 billion.

Seagate Technology Holdings plc (STX) reported a significant turnaround in its financial performance for the quarter ending September 26, 2024, compared to the same period last year. The company achieved a net income of $305 million, a substantial improvement from a net loss of $184 million in the prior year's quarter. This turnaround was driven by a strong increase in revenue, reaching $2.17 billion, up from $1.45 billion year-over-year. The company benefited from increased demand for its high-capacity nearline drives, particularly from cloud customers, and favorable pricing actions. Key financial improvements include a gross margin of 33%, a significant jump from 10% in the prior year, reflecting better product mix and pricing strategies. Operating cash flow was $95 million, compared to $127 million in the prior year, indicating improved operational cash generation despite a slight decrease. The company continues to prioritize shareholder returns, declaring a quarterly dividend of $0.72 per share. While liquidity remains strong with $1.24 billion in cash and cash equivalents and an available $1.5 billion credit facility, investors should monitor ongoing macroeconomic conditions and the competitive landscape.

Seagate Technology Holdings plc (STX) reported a net income of $25 million for the third quarter of fiscal year 2024, a significant improvement from a net loss of $433 million in the same quarter last year. Revenue for the quarter was $1.655 billion, a decrease from $1.860 billion in the prior year's comparable quarter, but showed a sequential increase from $1.555 billion in the second quarter of fiscal year 2024. The company highlighted an ongoing recovery in the cloud market and noted that customer inventory adjustments appear largely complete, suggesting an early stage of industry-wide demand recovery. Gross margin improved to 26% from 17% year-over-year, driven by favorable pricing actions and a decrease in depreciation expense due to extended useful lives of manufacturing equipment. The company ended the quarter with $795 million in cash and cash equivalents. Despite revenue decline year-over-year, the improved profitability and sequential revenue growth are positive indicators for investors. Seagate also announced a significant subsequent event: the sale of certain System-on-Chip (SoC) products, equipment, and related assets for $600 million to Avago Technologies, which is expected to further bolster its financial position.

Seagate Technology Holdings plc (STX) reported $1.555 billion in revenue for the third quarter of fiscal year 2024, a decrease of 17.6% year-over-year. The company's net loss widened to $19 million, or $0.09 per diluted share, compared to a net loss of $33 million in the prior year's quarter. Despite the revenue decline, the gross margin improved significantly to 23% from 13% in the prior year quarter, driven by the absence of prior-period order cancellation fees and reduced factory underutilization charges. Financially, Seagate ended the quarter with $787 million in cash and cash equivalents. The company generated $296 million in operating cash flow for the first six months of the fiscal year, underscoring its ability to manage cash flow despite market challenges. Management highlighted a gradual recovery in the U.S. cloud market and continued cost discipline as key factors influencing performance. Looking ahead, the company anticipates continued macroeconomic headwinds but expects early signs of industry-wide demand recovery.

Seagate Technology Holdings plc (STX) reported its financial results for the quarter ended September 28, 2023. The company experienced a significant year-over-year revenue decline, reflecting broad-based demand slowdown due to weaker macroeconomic conditions and customer inventory adjustments. This resulted in a net loss for the quarter. Despite the revenue challenges, Seagate took steps to manage its cost structure, including order cancellation fees and factory underutilization charges. The company also successfully refinanced a portion of its debt by issuing $1.5 billion in convertible senior notes and repaying $1.3 billion in term loans. Seagate maintained its quarterly dividend payment to shareholders and has a substantial repurchase authorization available.

Seagate Technology Holdings plc (STX) reported a net loss of $433 million for the third quarter of fiscal year 2023, a significant shift from the $346 million net income in the same period last year. This loss was heavily influenced by a $300 million BIS settlement penalty recognized in the quarter, related to alleged violations of U.S. export administration regulations. Revenue also saw a substantial decline, falling to $1.86 billion from $2.80 billion year-over-year, attributed to decreased demand in mass capacity and legacy markets driven by macroeconomic conditions and customer inventory adjustments. Despite the net loss, the company's operating cash flow remained positive at $228 million for the quarter, indicating underlying operational cash generation. Seagate has initiated significant cost-saving measures, including expansion of its October 2022 restructuring plan and commitment to an April 2023 plan, aiming to reduce headcount by approximately 3,480 employees in total, with further charges expected. Management is focused on navigating macroeconomic headwinds and adjusting production plans to align with current market demand.

Seagate Technology Holdings plc (STX) reported a net loss of $33 million ($0.16 per diluted share) for the fiscal second quarter ending December 30, 2022. This marks a significant shift from the $501 million net income reported in the same period last year. Revenue also saw a substantial decline, falling 39% year-over-year to $1.9 billion, largely attributed to macroeconomic headwinds and reduced demand in mass capacity markets. The company announced a significant restructuring plan, including a workforce reduction of approximately 3,000 employees (8% of its global workforce), aimed at aligning operational needs with current economic conditions. Despite the challenging top-line performance and net loss, Seagate executed a debt exchange, issuing $750 million in new notes for $964 million of existing notes, resulting in a $204 million gain on early extinguishment of debt. The company also maintained its quarterly cash dividend of $0.70 per share.

Seagate Technology Holdings plc (STX) reported a significant decline in revenue for the quarter ending September 30, 2022, with revenues falling to $2.035 billion from $3.115 billion in the prior year's comparable quarter. This downturn is attributed to intensified macroeconomic headwinds, including broad-based customer purchase delays, particularly in the mass capacity market, exacerbated by global economic slowdowns, supply chain shortages for non-HDD components, and ongoing economic challenges in China. The company also experienced a substantial drop in gross margin to 24% from 31% in the prior year, impacted by factory underutilization costs, price erosion, and an unfavorable product mix. Despite the revenue and margin pressures, Seagate generated positive operating cash flow of $245 million. The company also took steps to manage its financial position, including issuing $600 million in new long-term debt, while continuing to return capital to shareholders through $147 million in dividends and $408 million in share repurchases. Looking ahead, Seagate announced a significant restructuring plan involving a reduction of approximately 3,000 employees (8% of its global workforce) to align operational needs with current economic conditions, expecting charges between $60 million and $70 million.

Seagate Technology Holdings plc (STX) reported its financial results for the fiscal quarter ended March 31, 2022. The company demonstrated revenue growth driven by an increase in mass capacity storage exabytes shipped, though this was partially offset by declines in legacy markets. Gross margins saw improvement due to a better product mix, despite increased component and logistics costs related to global inflationary pressures and supply chain disruptions. The company also repaid a significant portion of its debt, reinforcing its focus on financial stability. Operationally, Seagate generated substantial cash flow from operations, which was utilized for debt repayment, share repurchases, and dividend payments to shareholders. The company continues to navigate ongoing impacts from the COVID-19 pandemic, including supply chain challenges and component shortages, which are affecting its non-HDD business. Despite these headwinds, Seagate remains focused on cost management and operational efficiencies, and has a strong liquidity position with significant availability under its revolving credit facility.

Seagate Technology Holdings plc reported strong financial results for the second quarter and first half of fiscal year 2022, ending December 31, 2021. Revenue reached $3.1 billion for the quarter and $6.2 billion for the six-month period, demonstrating significant year-over-year growth, particularly driven by increased shipments in mass capacity storage. Net income for the quarter was $501 million, resulting in diluted earnings per share of $2.23, a substantial increase from the prior year's $1.12. The company also maintained a solid operating cash flow of $521 million for the quarter. Despite ongoing supply chain challenges and increased logistics costs related to the COVID-19 pandemic, Seagate has effectively managed its operations and financial position. The company also strengthened its balance sheet by issuing $1.2 billion in long-term debt while continuing its share repurchase program and dividend payments.

Seagate Technology Holdings plc (STX) reported strong financial performance for the quarter ended October 1, 2021. Revenue surged to $3.1 billion, a significant increase from the previous year, primarily driven by robust demand in the mass capacity storage market. This top-line growth translated into substantial profitability, with net income rising to $526 million ($2.28 diluted EPS), more than double the prior year's $223 million ($0.86 diluted EPS). The company demonstrated improved operational efficiency, with gross margin expanding to 31% from 26% in the comparable prior-year period, attributed to a better product mix and favorable pricing, although offset by rising component and logistics costs. From a financial health perspective, Seagate maintained a solid liquidity position, with cash and cash equivalents totaling $991 million. The company continued its commitment to returning capital to shareholders through significant share repurchases ($425 million) and dividends ($153 million). Furthermore, Seagate successfully amended its credit agreement during the quarter, securing a new $1.2 billion term loan facility and extending its revolving credit facility, enhancing its financial flexibility. Despite ongoing supply chain challenges and increased logistics costs related to the COVID-19 pandemic, Seagate's strong execution and strategic focus on high-growth areas like mass capacity storage position it well for continued performance.

Seagate Technology Holdings plc (STX) reported revenue of $2.731 billion for the third quarter of fiscal year 2021, a slight increase of $13 million compared to the same period last year. While revenue was relatively flat year-over-year, the company saw a shift in its revenue mix, with growth in mass capacity storage exabytes shipped offsetting a decline in legacy markets. For the nine-month period, revenue decreased by $324 million year-over-year, attributed to price erosion, reduced legacy market shipments, and the impact of the COVID-19 pandemic. The company maintained a gross margin of 27% for both the quarter and the nine-month period, indicating stable profitability despite revenue pressures. Net income for the quarter was $329 million, a slight increase from $320 million in the prior year's comparable quarter, with diluted EPS at $1.39. The balance sheet shows a decrease in cash and cash equivalents, largely due to significant share repurchases and dividend payments totaling $2.314 billion for the nine-month period, alongside capital expenditures of $374 million. Despite these outflows, Seagate maintains a strong liquidity position with approximately $1.2 billion in cash and cash equivalents and $1.725 billion available under its revolving credit facility, while remaining compliant with its debt covenants.

Seagate Technology Holdings plc's (STX) 10-Q filing for the quarter ended December 31, 2020, reveals a mixed financial performance. While revenue saw a slight sequential increase from the prior quarter, it declined year-over-year, impacted by price erosion and lingering effects of the COVID-19 pandemic. The company successfully managed its operating expenses, leading to improved gross margins sequentially, although they were down year-over-year. Financially, the company demonstrated strong operating cash flow, enabling significant share repurchases and dividend payments. However, the balance sheet reflects a substantial increase in long-term debt, likely to fund these capital allocation activities. Investors should note the ongoing challenges from global economic conditions and supply chain disruptions, which continue to pose risks to future performance. The company's commitment to operational efficiencies and its strong liquidity position provide some resilience amidst these headwinds.

Seagate Technology Holdings plc (STX) reported its fiscal second quarter results for the period ending October 2, 2020. The company generated $2.314 billion in revenue, a decrease from the prior year's $2.578 billion, attributed to price erosion, lower demand influenced by the COVID-19 pandemic, and a slight dip in exabytes shipped. Despite the revenue decline, the company maintained a stable gross margin of 26% and demonstrated strong operational cash flow of $297 million. Financially, Seagate has a solid liquidity position with $1.664 billion in cash and cash equivalents and an undrawn $1.5 billion revolving credit facility. The company returned capital to shareholders through $167 million in dividends and repurchased $68 million of its ordinary shares. Management expects to remain compliant with its financial covenants and maintains a positive outlook on managing its cash needs for the next twelve months, while also noting the ongoing uncertainties posed by the COVID-19 pandemic.

Seagate Technology Holdings plc (STX) reported revenues of $2.718 billion for the third quarter of fiscal year 2020, a notable increase from $2.313 billion in the same quarter of the prior year. This growth was primarily driven by a significant increase in mass capacity storage exabytes shipped, despite some price erosion. The company's net income for the quarter was $320 million, or $1.22 per diluted share, showing a strong recovery from $195 million in the prior year's quarter. This performance demonstrates resilience in its core markets and effective operational execution. Looking at the nine-month period, revenue stood at $7.992 billion, slightly down from $8.019 billion in the comparable period last year, reflecting overall market dynamics. Net income for the nine months was $838 million, or $3.15 per diluted share, compared to $1.029 billion in the prior year. The company continues to manage its capital effectively, repurchasing shares and paying dividends while maintaining a strong liquidity position, although the report notes potential ongoing impacts from the COVID-19 pandemic on supply chains and demand.

Seagate Technology Holdings plc (STX) reported financial results for the second fiscal quarter ended January 3, 2020. Revenue for the quarter was $2.70 billion, a slight decrease of 0.7% compared to the prior year quarter, primarily due to price erosion, although this was partially offset by an increase in exabytes shipped. Net income for the quarter stood at $318 million, or $1.20 per diluted share, a decrease from $384 million, or $1.34 per diluted share, in the same period last year. The company experienced a decline in gross margin to 28% from 29% year-over-year, impacted by price erosion and factory underutilization, though improved product mix and a change in depreciation schedules provided some offset. The company continued its capital allocation strategies, returning $335 million to shareholders through dividends and share repurchases in the six-month period ending January 3, 2020. Despite a decrease in cash and cash equivalents from $2.22 billion to $1.74 billion, Seagate maintains a strong liquidity position with $1.7 billion in cash and cash equivalents and $1.5 billion available under its revolving credit facility. Management indicated confidence in meeting its liquidity needs for the next 12 months, remaining compliant with its financial covenants.

Seagate Technology Holdings plc (STX) reported a net income of $200 million for the fiscal quarter ended October 4, 2019, a significant decrease from $450 million in the same period of the previous year. This decline was primarily driven by a substantial drop in revenue, which fell to $2.58 billion from $2.99 billion year-over-year, impacted by less favorable market conditions and price erosion in the HDD market. Despite the revenue decline, the company maintained its gross margin percentage at 26% sequentially, though it was down from 31% in the prior year quarter, largely due to price erosion and factory under-utilization. Financially, Seagate actively managed its capital structure during the quarter. The company repurchased $620 million of its senior notes and borrowed $500 million under a new Term Loan. Significant share repurchases ($450 million) and dividends ($170 million) were also executed. The company ended the quarter with $1.78 billion in cash and cash equivalents, demonstrating a focus on returning capital to shareholders while also managing debt. The company also made a change in accounting estimate regarding the useful lives of its manufacturing equipment, which increased net income by $23 million for the quarter.

Seagate Technology Holdings plc (STX) reported its fiscal third-quarter 2019 results, showing a decline in revenue and gross margin compared to both the previous quarter and the same quarter last year. Revenue for the March 2019 quarter was $2.3 billion, down from $2.7 billion in the December 2018 quarter and $2.8 billion in the March 2018 quarter. This decrease was primarily attributed to lower demand for products, seasonality, and price erosion, leading to a gross margin of 26%, down from 29% and 30% respectively in the prior periods. Despite these revenue pressures, the company demonstrated effective cost management, with decreases in product development and marketing/administrative expenses. Seagate also continued its capital return program, repurchasing shares for $327 million and paying $178 million in dividends during the quarter, while also securing a new $1.3 billion revolving credit facility.

Seagate Technology Holdings plc (STX) reported revenue of $2.7 billion for the fiscal quarter ended December 27, 2018, a decrease from the previous quarter and the same quarter last year. This decline was primarily attributed to less favorable market conditions and price erosion in its hard disk drive (HDD) segment, despite an increase in exabytes shipped year-over-year for the six-month period. While revenue saw a dip, the company demonstrated strong operational cash flow of $288 million in the quarter. Seagate also actively managed its capital structure, repaying $499 million in senior notes, returning $180 million to shareholders through dividends, and repurchasing shares for $136 million. The company remains confident in its liquidity position, with approximately $1.4 billion in cash and equivalents and an undrawn $700 million senior revolving credit facility, expecting to meet its financial obligations for the next 12 months.

Seagate Technology Holdings plc's (STX) Form 10-Q for the period ending September 27, 2018, indicates a strong operational quarter with revenue reaching approximately $3.0 billion, a 6% increase from the prior year's quarter. This growth was primarily driven by a significant increase in exabytes shipped across enterprise and client markets, demonstrating robust demand for their storage solutions. The company also reported a healthy gross margin of 31%, improved from the prior year's 28%, benefiting from a favorable product mix and better factory utilization, though partially offset by price erosion and NAND flash memory cost declines. Financially, Seagate generated substantial operating cash flow of $587 million, enabling significant returns to shareholders through $181 million in dividends and $150 million in share repurchases. The company maintained a strong liquidity position with $1.9 billion in cash and cash equivalents and an undrawn $700 million revolving credit facility, signaling financial stability. Management expressed confidence in meeting future cash needs and compliance with debt covenants, despite ongoing risks related to global economic conditions, technological shifts, and trade barriers.

Seagate Technology Holdings plc (STX) reported its fiscal third quarter 2018 results ending March 29, 2018. The company generated $2.8 billion in revenue, with a gross margin of 30% and operating cash flow of $558 million. While revenue saw a slight year-over-year increase of $129 million, it was down $111 million sequentially from the prior quarter, attributed to lower seasonal demand in consumer markets and price erosion, partially offset by strong enterprise demand. The company demonstrated effective cost management, with product development and marketing/administrative expenses decreasing compared to the prior year, largely due to workforce restructuring. Seagate also continued its commitment to shareholder returns, paying $179 million in dividends and repurchasing debt. The company's liquidity position remains strong with $2.9 billion in cash and cash equivalents, supported by a $700 million senior revolving credit facility.

Seagate Technology Holdings plc's (STX) third quarter fiscal year 2018 filing shows a revenue of $2.914 billion, a notable increase from the prior quarter ($2.632 billion) driven by higher exabyte shipments and seasonal demand, although partially offset by price erosion. Gross margin improved to 30% from 28% in the previous quarter, benefiting from a favorable product mix and improved factory utilization due to cost savings from restructuring efforts. Operating expenses saw a reduction, particularly in product development and marketing/administrative functions, attributed to prior workforce reductions and operational efficiencies. The company's financial performance was significantly impacted by the Tax Cuts and Jobs Act enacted in December 2017, which resulted in a substantial provisional tax expense of approximately $197 million, significantly increasing the effective tax rate for the quarter. Despite this one-time tax impact, the company generated strong operating cash flow of $850 million and continued its capital return program, repurchasing shares for $195 million and paying $182 million in dividends. Seagate highlighted its commitment to liquidity, with $2.556 billion in cash and cash equivalents and an undrawn $700 million revolving credit facility.

Seagate Technology Holdings plc reported revenue of $2.63 billion for the September 2017 quarter, a sequential increase from $2.41 billion in the prior quarter and a decrease from $2.80 billion in the same quarter last year. The company shipped 70 exabytes of HDD storage capacity, up from 62 exabytes sequentially and slightly up from 67 exabytes year-over-year, indicating a growing demand for higher capacity storage. Gross margin remained stable at 28% sequentially but saw a slight decline from 29% year-over-year, impacted by price erosion despite efforts in product mix optimization and cost savings from restructuring. Net income for the quarter was $181 million, a significant improvement from $114 million in the previous quarter, driven by higher revenue and controlled operating expenses. The company continued its commitment to shareholder returns, repurchasing $166 million of shares and paying $184 million in dividends, underscoring a focus on capital return alongside operational execution. Seagate's liquidity position remains strong with $2.3 billion in cash and cash equivalents, supported by a $700 million revolving credit facility, though the company faces ongoing risks related to global economic conditions and pricing pressures in the disk drive market.

Seagate Technology Holdings plc reported revenue of $2.7 billion for the fiscal quarter ended March 31, 2017, a slight decrease from the prior quarter driven by seasonality and price erosion, but an increase compared to the same period last year, primarily due to an improved product mix and increased exabytes shipped. The company demonstrated strong operational cash flow of $426 million during the quarter. Gross margin remained stable at 31% sequentially but significantly improved year-over-year (to 20% in March 2016) due to favorable product mix and cost savings from workforce reductions and manufacturing consolidation. Financially, Seagate successfully issued $1.25 billion in senior notes and used $97 million to repurchase outstanding debt. The company also returned capital to shareholders through $186 million in dividends and significant share repurchases, with $1.5 billion still available under its authorization. The balance sheet reflects a substantial increase in cash and cash equivalents to $3.0 billion, driven by operating cash flow and new debt issuance. Management expects continued sufficiency of cash to meet obligations for the next 12 months.

Seagate Technology Holdings plc reported strong performance in the quarter ended December 29, 2016, with revenue increasing to $2.9 billion and gross margin improving significantly to 31%. This improvement was driven by a favorable product mix and better factory utilization stemming from cost-saving restructuring initiatives. Operating cash flow was robust at $656 million, supporting substantial shareholder returns through $147 million in share repurchases and $188 million in dividends paid. The company shipped 40 million drive units, generating 68 exabytes of storage. While overall unit shipments saw a slight year-over-year decline compared to the prior year's comparable quarter, a shift in product mix towards higher-value enterprise solutions and a decrease in the weighting towards lower-margin OEM sales contributed to the improved profitability. Management indicated confidence in meeting financial covenants and sufficient liquidity for the next 12 months.

Seagate Technology Holdings plc reported strong performance for the fiscal quarter ended September 30, 2016, with revenue increasing sequentially to $2.8 billion and gross margin improving significantly to 29% from 25% in the prior quarter. This improvement was driven by a favorable product mix, particularly in high-capacity enterprise HDDs, and enhanced factory utilization resulting from ongoing restructuring and cost-saving initiatives. Operating cash flow remained robust at $592 million, supporting shareholder returns through share repurchases and dividends. The company shipped 39 million drive units, with an average selling price (ASP) of $67, up from $58 in the prior year quarter, indicating a shift towards higher-value products. Despite a decrease in total unit shipments compared to the previous year, the increase in ASP and capacity shipped (67 exabytes) highlights a strategic focus on more profitable segments. Management's continued efforts in workforce reduction and manufacturing consolidation appear to be positively impacting profitability and operational efficiency.

Seagate Technology plc (STX) reported a net loss of $21 million, or $(0.07) per diluted share, for the quarter ended April 1, 2016. This represents a significant decline from the same quarter last year, when the company posted a net income of $291 million. Revenue also saw a substantial decrease, falling to $2.6 billion from $3.3 billion year-over-year, primarily driven by lower demand for client compute and enterprise hard drives and price erosion. The company's financial performance was impacted by a challenging market environment characterized by accelerated declines in drive unit shipments. Despite the revenue and profitability decline, Seagate continued to return capital to shareholders through dividends and share repurchases. The company also completed the acquisition of Dot Hill Systems Corp. during the nine-month period, aiming to strengthen its cloud storage systems business.

Seagate Technology Holdings plc (STX) reported its fiscal second quarter 2016 results for the period ending January 1, 2016. Revenue for the quarter was $2.99 billion, a decrease from $3.70 billion in the same period last year, reflecting lower unit shipments and price erosion, primarily due to decreased demand in personal computing devices. Net income also saw a significant decline, falling to $165 million ($0.55 per diluted share) from $933 million ($2.78 per diluted share) year-over-year. Despite the revenue and profit decline, the company completed the acquisition of Dot Hill Systems Corp. for $674 million, which is expected to expand its cloud storage systems business. Operationally, the company experienced a decrease in gross margin percentage due to price erosion, although product mix improvements partially offset this. Operating expenses were reduced year-over-year, driven by workforce restructuring and increased operational efficiencies. Seagate also continued its capital return program, repurchasing $1.06 billion in ordinary shares and paying $351 million in dividends during the six-month period. The company maintains a strong liquidity position with approximately $1.3 billion in cash, cash equivalents, and short-term investments, along with a $700 million revolving credit facility.

Seagate Technology Holdings plc's (STX) 10-Q filing for the quarter ended October 2, 2015, reveals a significant decline in revenue and net income compared to the prior year's quarter. Revenue dropped from $3.785 billion to $2.925 billion, and net income plummeted from $381 million to $34 million. This decline is attributed to a decrease in unit shipments and price erosion in the disk drive market. Despite the revenue drop, the company reported a substantial operating cash flow of $824 million, driven by improvements in accounts receivable and payable management. Seagate also continued its aggressive share repurchase program, spending $983 million during the quarter, and declared a dividend of $0.54 per share. The company also announced a new restructuring plan involving the reduction of approximately 1,000 employees, incurring a charge of $59 million.

Seagate Technology plc reported its financial results for the quarter and nine months ended April 3, 2015. For the quarter, revenue was $3.33 billion, a slight decrease year-over-year, while net income stood at $291 million. The nine-month period showed revenue growth to $10.81 billion and a significant increase in net income to $1.61 billion, partly driven by a substantial arbitration award from Western Digital. The company continued to execute its capital return strategy, with significant share repurchases and dividend payments during the period. Acquisitions, specifically LSI's Flash Business and Xyratex, are being integrated and are contributing to expanded product portfolios and operational expenses. Financially, Seagate maintained a strong liquidity position with $2.6 billion in cash and equivalents. Debt management remained active, with the company redeeming some notes and announcing the redemption of others. The company also secured an amendment to its revolving credit facility, increasing its capacity and extending its maturity. Despite some revenue pressure in the quarter, the company's gross margin remained stable, supported by a favorable product mix and cost-saving initiatives. Management highlighted ongoing investments in product development and integration costs associated with recent acquisitions.

Seagate Technology Holdings plc (STX) reported strong financial results for the quarter and six months ended January 2, 2015. The company demonstrated significant revenue growth compared to the prior year, driven by increased unit shipments and a favorable product mix, despite some price erosion. A notable event impacting the current period was the substantial gain from the arbitration award against Western Digital, which significantly boosted net income. Despite increased operating expenses related to recent acquisitions (LSI's Flash Business and Xyratex), the company managed to maintain a stable gross margin percentage due to cost savings and operational efficiencies. Seagate also addressed its debt structure by issuing new senior notes and repurchasing existing debt. The company's liquidity remains strong, supported by operating cash flow and an undrawn revolving credit facility. Investors should note the significant one-time gain from the arbitration award which inflated the current period's net income. While the company's core operational performance appears solid, the impact of ongoing acquisitions and market dynamics on future profitability and expenses will be key areas to monitor. The company also provided an update on its tax assessments, particularly in China, which resulted in a significant provision but is expected to add stability.

Seagate Technology Holdings plc (STX) reported its financial results for the fiscal quarter ended October 3, 2014. The company generated revenue of $3.785 billion, a notable increase from the previous year, driven by higher unit shipments. Despite this revenue growth, gross margin remained stable at 28%, indicating a strong pricing environment partially offset by product mix. Key strategic moves during the quarter included the completion of the acquisition of LSI Corporation's Flash Business for $450 million, aimed at strengthening Seagate's position in the flash storage market. The company also continued its capital return program, repurchasing shares and paying dividends, while managing its debt through buybacks. Financially, Seagate maintained a healthy operating cash flow of $602 million, though overall cash and equivalents saw a decrease due to these strategic investments and capital allocations.

Seagate Technology plc (STX) reported its financial results for the fiscal third quarter ending March 28, 2014. The company demonstrated resilience with revenue of $3.41 billion, a slight decrease of 3% year-over-year, reflecting stable unit shipments. Profitability remained robust, with income from operations at $444 million and net income attributable to Seagate Technology plc at $395 million, resulting in diluted earnings per share of $1.17. The company maintained a strong liquidity position, with $2.26 billion in cash and cash equivalents, and continues to return value to shareholders through share repurchases and dividends. Operationally, Seagate focused on managing its product mix and cost efficiencies to offset price erosion in the competitive disk drive market. The company highlighted continued investment in product development, particularly in alternative storage technologies. Subsequent to the quarter, Seagate announced the acquisition of Xyratex Ltd. for approximately $376 million, further strengthening its vertically integrated supply chain and expanding its storage solutions portfolio. The company affirmed its commitment to financial discipline, with $1.5 billion remaining under its share repurchase authorization.

Seagate Technology Holdings plc (STX) reported its quarterly results for the period ending December 27, 2013. The company generated $3.528 billion in revenue, a slight decrease of 4% compared to the same quarter in the prior year, primarily due to lower unit shipments. Despite the revenue dip, gross margins remained stable at 28%, reflecting a balance between pricing and product mix. Key financial activities during the quarter included significant share repurchases totaling $1.52 billion and the issuance of $800 million in senior notes. The company also announced its intention to acquire Xyratex Ltd. for approximately $374 million. While operating expenses, particularly in product development and marketing/administrative areas, saw an increase, the company maintained profitability. The balance sheet reflects a strengthening cash position, with cash and cash equivalents increasing substantially, driven by strong operating cash flow and debt issuance.

Seagate Technology plc (STX) reported its quarterly results for the period ending September 27, 2013. Revenue for the quarter was $3.49 billion, a slight increase from the previous quarter but a decrease compared to the same period last year. Net income attributable to Seagate Technology plc was $427 million, resulting in diluted earnings per share of $1.16. The company maintained a strong operational cash flow of $682 million and ended the quarter with a healthy cash and cash equivalents balance of $1.92 billion. Key financial activities during the quarter included share repurchases totaling $182 million and dividend payments of $135 million. The company also highlighted its ongoing investments in product development, with R&D expenses remaining stable quarter-over-quarter but increasing year-over-year. Seagate continues to manage its debt obligations, with no borrowings drawn on its $500 million revolving credit facility and a focus on maintaining compliance with its financial covenants.

Seagate Technology plc's (STX) 10-Q filing for the period ending March 29, 2013, reveals a significant decrease in revenue for the quarter compared to the prior year, primarily due to a normalization of average selling prices (ASPs) after the Thailand flood-related supply constraints in the previous year. While unit shipments also saw a slight decline, the company managed to maintain its gross margin percentage sequentially, though it was lower year-over-year. The company demonstrated strong operational cash flow generation. However, significant cash outflows were directed towards share repurchases and debt redemptions, indicating a focus on capital return to shareholders and deleveraging. The balance sheet shows a reduction in cash and equivalents and overall assets, reflecting these cash uses. The acquisition of LaCie S.A. is ongoing, with the company increasing its ownership stake. Despite the revenue dip, the company remains focused on product development and has seen increased R&D spending.

This filing is an amendment to Seagate Technology Holdings plc's (STX) previously filed quarterly report for the period ending December 28, 2012. The amendment is primarily administrative, serving to include an updated Third Amendment to the Seagate Deferred Compensation Plan as Exhibit 10.56 and to correct a clerical error in the Interactive Data files (Exhibit 101). Importantly, the amendment explicitly states that no other changes or updates to the disclosures in the original filing have been made, and it does not reflect events occurring after the original filing date. Investors should refer to the original Form 10-Q filing for the substantive financial and operational information pertaining to the quarter.

Seagate Technology plc's (STX) 10-Q filing for the period ending December 28, 2012, reveals a solid financial performance characterized by robust revenue and profitability. The company demonstrated strong operational cash flow generation, which supported significant share repurchases and dividend payments. Strategic acquisitions, particularly the LaCie S.A. acquisition, are being integrated to expand market reach, especially in consumer storage. The company also benefited from the full inclusion of the Samsung HDD business in its results. While the company reported a slight sequential decrease in revenue due to price erosion, year-over-year revenue growth was driven by increased volumes, including contributions from the Samsung acquisition. Gross margins saw a decrease compared to the prior year's quarter, largely attributed to higher ASPs in the prior year following the Thailand flooding impact on industry supply. Despite these pressures, Seagate's financial position remains strong, supported by substantial cash reserves and an undrawn revolving credit facility.

Seagate Technology Holdings plc (STX) reported a strong performance for the quarter ending September 28, 2012, with revenue significantly increasing year-over-year to $3.732 billion, up from $2.811 billion in the prior year's comparable quarter. This growth was driven by higher unit volumes, including contributions from the recently acquired Samsung HDD business, and improved pricing. Net income also saw a substantial increase to $582 million, or $1.42 per diluted share, compared to $140 million, or $0.32 per diluted share, in the same period last year. Operationally, the company demonstrated robust cash flow generation, with $1.132 billion in cash provided by operating activities. Seagate also actively managed its capital structure, repurchasing approximately $669 million of its ordinary shares during the quarter. The acquisition of a controlling interest in LaCie S.A. for $107 million was completed, aimed at strengthening its position in the consumer storage market. While the company faces ongoing market demand fluctuations and competitive pressures, the results reflect effective integration of acquisitions and positive revenue momentum.

Seagate Technology plc reported strong financial performance for the nine months ended March 30, 2012, driven by a significant increase in revenue compared to the prior year. This growth was substantially fueled by the strategic acquisition of Samsung's HDD business in December 2011, which contributed $484 million in revenue and $61 million in net income for the nine-month period. The integration of Samsung's operations has positively impacted revenue and is expected to bolster Seagate's position in key growth markets. Despite industry-wide supply chain disruptions from the Thailand floods in late 2011, Seagate demonstrated resilience, benefiting from a favorable pricing environment and higher average selling prices (ASPs), which resulted in improved gross margins. Financially, the company saw a substantial increase in net income, rising to $1.85 billion for the nine months ended March 30, 2012, from $392 million in the prior year. This was accompanied by a robust increase in cash provided by operating activities, although significant cash outflows were observed in investing and financing activities, largely due to the Samsung acquisition, debt repayments, and substantial share repurchases. Seagate continues to prioritize shareholder returns, having declared dividends and executed significant share buybacks, underscoring a focus on profitability and capital allocation. The company maintains a strong liquidity position with considerable cash and investments.

Seagate Technology Holdings plc (STX) reported strong financial results for the quarter ending December 29, 2011, significantly driven by an industry-wide supply chain disruption caused by severe flooding in Thailand. This disruption led to constrained HDD supply and a more favorable pricing environment, resulting in a substantial increase in average selling prices (ASPs) to $67 from $55 in the prior quarter. Revenue climbed to $3.2 billion, and operating cash flow reached $719 million. The company also completed the acquisition of Samsung's HDD business on December 19, 2011, which is expected to enhance its position in 2.5-inch products, expand market access, and accelerate new product introductions, although it will also lead to increased manufacturing capacity, product development expenses, and integration costs. Despite lower unit shipments (46.9 million units) due to component shortages stemming from the Thailand floods, the improved ASPs significantly boosted gross margins to 32% from 20% in the previous quarter. Operating expenses saw increases, particularly in marketing and administrative expenses, largely due to Samsung integration costs. The company ended the quarter with a healthy liquidity position of $2.3 billion in cash, cash equivalents, and short-term investments, while managing its capital resources through debt repayments, share repurchases, and dividends. The company also announced an increased quarterly dividend of $0.25 per share and authorized an additional $1 billion for share repurchases.

Seagate Technology Holdings plc reported $2.811 billion in revenue for the fiscal quarter ending September 30, 2011, a slight decrease from the previous quarter but an increase compared to the same period last year. The company generated $140 million in net income and $160 million in operating cash flow. Despite market demand growth in disk drives across enterprise, client compute, and client non-compute segments, Seagate experienced a slight share loss in enterprise and client compute markets. A significant factor impacting the industry is the severe flooding in Thailand, which is disrupting component suppliers and expected to affect production levels for multiple quarters. Seagate is progressing with its acquisition of Samsung's hard disk drive assets, with regulatory approvals advancing and the transaction expected to close by the end of the calendar year.

Seagate Technology Holdings plc (STX) reported its fiscal third-quarter results for the period ending April 1, 2011. The company experienced a decrease in revenue compared to the prior year, with revenue for the quarter at $2.7 billion, down from $3.05 billion in the same period last year. This decline is attributed to a persistent competitive pricing environment in the disk drive industry. Gross margin also saw a significant reduction, falling to 19% from 30% year-over-year, further impacted by intense market competition and a lack of substantial new product introductions. Despite the revenue and margin pressures, the company generated positive operating cash flow of $947 million for the nine months ended April 1, 2011. Seagate continued its share repurchase program, investing $405 million in buybacks during the quarter. Looking ahead, Seagate announced a significant pending transaction to acquire certain hard disk drive assets from Samsung Electronics Co., Ltd. for $687.5 million in cash and approximately 45.2 million shares. This strategic move is expected to close by the end of the calendar year 2011 and is subject to regulatory approvals.

Seagate Technology Holdings plc (STX) reported its quarterly results for the period ending December 31, 2010. The company saw a decline in revenue and net income compared to the previous year, largely attributed to a competitive pricing environment in the disk drive industry. Revenue for the quarter was $2.72 billion, down from $3.03 billion in the same period last year, while net income was $150 million, a significant drop from $533 million. For the six-month period, revenue stood at $5.42 billion, down from $5.69 billion year-over-year, with net income at $299 million, down from $712 million. Despite the revenue and profit decline, Seagate maintained a strong liquidity position with $2.53 billion in cash and cash equivalents. The company also strategically raised $736 million through the issuance of new long-term debt (7.75% Senior Notes due December 2018) and continued its share repurchase program, buying back $305 million worth of shares during the quarter. Management highlighted efforts to navigate industry pricing pressures and maintain operational efficiency, with a focus on product development and cost management.

Seagate Technology Holdings plc's 10-Q filing for the period ending October 1, 2010, reveals a quarter with stable revenue of $2.7 billion, largely consistent with the prior year's period. While unit shipments saw a modest increase, the company experienced a significant decline in gross margin to 20% from 27% in the previous quarter, primarily attributed to a competitive pricing environment and continued weakness in consumer spending impacting demand. Despite these pressures, the company generated $245 million in operating cash flow, though this was partially offset by substantial debt redemptions and capital expenditures. Key financial shifts include a reduction in long-term debt and a decrease in cash and cash equivalents. The company also noted a notable increase in sales program accruals, reflecting the challenging pricing landscape. While revenue remained flat, the operational efficiency and profitability were impacted by these market conditions, making cost management and pricing strategies critical focus areas for the company moving forward. Investors should monitor how Seagate navigates the competitive pricing environment and its impact on future margins.

Seagate Technology Holdings plc (STX) reported a strong recovery in its third quarter of fiscal year 2010, with revenue surging by 42% year-over-year to $3.05 billion, driven by a 31% increase in unit shipments and a broader industry recovery from the global economic downturn. The company achieved net income of $518 million, or $1.00 per diluted share, a significant improvement from the net loss reported in the same period last year. This performance highlights Seagate's ability to capitalize on improving market conditions and manage its operations effectively. The company demonstrated a strengthening balance sheet, with cash and cash equivalents increasing by $635 million to $2.06 billion, primarily fueled by robust operating cash flow of $1.61 billion for the first nine months of the fiscal year. Seagate also actively managed its capital structure by repurchasing $251 million of its common shares and repaying significant portions of its debt. Looking ahead, Seagate is focused on maintaining its market leadership, managing supply chain constraints, and continuing its cost efficiency initiatives.

Seagate Technology Holdings plc (STX) reported a strong financial performance for the quarter ended January 1, 2010, demonstrating a significant recovery from the prior year's period. Revenue surged to $3.03 billion, a 33% increase year-over-year, driven by robust demand across all key markets: desktop, mobile, enterprise, and consumer electronics. This revenue growth, coupled with industry-wide supply constraints and improved factory efficiencies, led to a substantial improvement in gross margin, which reached 30.5%, a significant increase from the prior year. The company also successfully strengthened its balance sheet, reducing total debt and increasing its cash reserves. The company generated strong operating cash flow of $1.03 billion for the six-month period, allowing for significant debt repayment. Management highlighted continued demand for high-capacity and high-performance products. Despite anticipating ongoing component constraints that may limit supply, Seagate is planning capacity additions to meet demand. The company also announced its intention to change its jurisdiction of incorporation from the Cayman Islands to Ireland, subject to shareholder approval, which is not expected to materially impact its financial condition or reporting practices.