How does SE's earnings trend look for 2025?

Seagate Technology's earnings trend for 2025 is expected to show continued growth, driven by robust financial performance and strategic focus on profitability and supply discipline: 1. **Revenue Growth**: Seagate's revenue for the fiscal fourth quarter (Q4) of 2024 grew by 18% year-over-year, reaching $1,887 million. This trend is indicative of a strong demand environment, particularly in the cloud sector. 2. **Profitability Enhancement**: The company's non-GAAP gross margin expanded to nearly 31% in Q4 2024, up from 19.0% in the same quarter of the previous year. This significant improvement reflects Seagate's successful cost management and operational efficiency. 3. **Earnings Per Share (EPS) Increase**: Seagate's diluted EPS for the quarter exceeded the high end of their guidance range, with a non-GAAP EPS of $1.05, compared to $0.44 in the same quarter of the previous year. This indicates a substantial increase in profitability per share. 4. **Cash Flow and Shareholder Returns**: Seagate generated $434 million in cash flow from operations and $380 million in free cash flow during the quarter. The company also returned $147 million of capital to shareholders through dividends, reflecting a strong financial position and commitment to shareholder value. 5. **Strategic Focus**: Looking ahead to 2025, Seagate plans to continue driving profitability and maintaining supply discipline while executing its mass capacity product roadmap. The company's focus on HAMR technology and data storage solutions is expected to support the growth of AI and other data-driven initiatives. In conclusion, Seagate Technology's financial performance and strategic initiatives suggest a positive earnings trend for 2025, with continued revenue growth, profitability enhancement, and shareholder value creation.