Seagate stock holds steady as fiscal 2025 revenue reaches $9.10 billion

Seagate Technology Holdings plc (IE00B58PMW19) is supported by fiscal 2025 revenue of $9.10 billion and non-GAAP diluted EPS of $7.91, two figures that frame the company's latest reporting base for Seagate stock. The company also ended fiscal 2025 with $1.44 billion in cash and cash equivalents, a balance that gives the story a clear financial reference point.

Fiscal 2025 revenue at $9.10 billion

Seagate's fiscal 2025 revenue of $9.10 billion, disclosed in its annual results, gives investors a dated anchor for the business after a year shaped by storage demand and pricing discipline. Non-GAAP operating income reached $1.71 billion in the same fiscal year, a level that shows the company was able to convert that revenue base into substantial operating profit.

Net income for fiscal 2025 was $1.62 billion, compared with $429 million in fiscal 2024, a year-over-year increase of $1.191 billion. That comparison matters more than any generic description of strength, because it shows how much the earnings base changed in one reporting cycle.

EPS and cash changed the picture

Non-GAAP diluted EPS rose to $7.91 in fiscal 2025 from $3.59 in fiscal 2024, more than doubling on a per-share basis. The company also reported $1.44 billion in cash and cash equivalents at the end of fiscal 2025, which is a useful balance-sheet marker for a business that remains highly cyclical.

Free cash flow reached $1.66 billion in fiscal 2025, while gross margin was 34.7% in the same period. Those two numbers show the cash generation and profitability profile that investors tend to watch most closely in the hard-disk and data-storage cycle.

Margins still drive the debate

Seagate's fiscal 2025 gross margin of 34.7% came after years in which storage suppliers had to balance volume, pricing, and capital intensity. The market tends to reward that kind of margin recovery only when it looks durable across multiple quarters, not just one annual print.

The company also reported that adjusted EBITDA for fiscal 2025 reached $2.25 billion. Relative to fiscal 2024, when adjusted EBITDA was lower, that figure reinforces the same message from revenue, profit, and cash flow: the operating leverage in the model remains material when demand cooperates.

Exos and cloud storage matter

Among Seagate's product lines, Exos remains one of the most relevant because it is tied to enterprise and cloud storage demand, where capacity, reliability, and cost per terabyte matter most. That product context helps explain why annual revenue, margin, and cash flow figures carry more weight than a simple headline about hardware volume.

The company also operates in a market where hyperscale customers and enterprise refresh cycles can change the revenue mix quickly. For that reason, the fiscal 2025 numbers are best read as a snapshot of how well Seagate handled a cyclical recovery rather than a permanent new baseline.

Shares and valuation anchor

Seagate stock is listed on Nasdaq under STX, with a market capitalization of about $25.2 billion as of 27 July 2026. That valuation context sits beside the fiscal 2025 revenue of $9.10 billion and net income of $1.62 billion, which is the most practical way to frame the equity today.

For investors, the important point is not a slogan but the arithmetic: $9.10 billion in revenue, $1.62 billion in net income, and $1.66 billion in free cash flow all came from fiscal 2025, while the market capitalization as of 27 July 2026 shows how the share price is still discounting the next phase of the cycle.