Seagate Technology Holdings plc reported impressive financial results for the first quarter of fiscal year 2025, driven by robust revenue growth across mass capacity storage products and significant margin improvements. Revenues reached $2.17 billion, marking a remarkable 49% increase year-over-year and a 15% rise sequentially. Seagate's non-GAAP gross profit surged to $723 million, translating to a gross margin of 33.3%, the highest level in over a decade. Management praised the favorable supply-demand dynamics in the HDD market, the strong demand from cloud customers, and the positive trends in enterprise sales, which collectively contributed to enhanced profitability. The company also reaffirmed its commitment to ongoing dividend increases, showcasing confidence in its future growth prospects based on technological advancements and disciplined supply management.