Seagate Technology Holdings plc (STX) FY2025 Q1 P&L / Income Statement

Seagate Technology Holdings plc (STX) FY2025 Q1 P&L / Income Statement

Income statement for 2024-06-29 through 2024-09-27. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

2,168,000,000 US dollars

Cost of revenue

1,454,000,000 US dollars

Gross profit (calculated)

714,000,000 US dollars

Operating expenses (calculated)

311,000,000 US dollars

Income (loss) from operations

403,000,000 US dollars

Other expense, net

negative 87,000,000 US dollars

Income (loss) before income taxes

316,000,000 US dollars

Income tax expense (benefit)

11,000,000 US dollars

Net income (loss)

305,000,000 US dollars

OEMs

1,749,000,000 US dollars

Distributors

248,000,000 US dollars

Retailers

171,000,000 US dollars

Marketing and administrative

129,000,000 US dollars

Product development

181,000,000 US dollars

Restructuring and other, net

1,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.