Seagate: Seagate Ramps Up Technology For AI, Delivers Profitable Growth In Q2

Seagate Technology Holdings PLC (NASDAQ:STX) shares are trading higher premarket on Wednesday. Yesterday, the company reported second-quarter FY25 revenue of $2.33 billion, beating the consensus of $1.56 billion.Adjusted gross margin rose to 35.5% from 23.6% a year ago quarter.Adjusted operating margin escalated to 23.1% from 8.2% in the prior-year quarter. Adjusted EPS of $2.03 beat the consensus of $1.88.See Also: Gillette Parent Procter & Gamble Navigates Commodity And Forex ChallengesIn Q2, the company generated an operating cash flow of $221 million plus free cash flow of $150 million.The company returned $148 million to shareholders via its quarterly ...Full story available on Benzinga.com