01 · 损益表
10-Q 季报仅提供 GAAP 数据
季度指标
| 指标 |
Q3 FY2025 |
Q2 FY2025 |
Q/Q |
Q3 FY2024 |
Y/Y |
| 营收 Revenue |
$2,160M |
$2,325M |
-7% |
$1,655M |
+31% |
| 毛利率 Gross Margin |
35.2% |
34.9% |
+0.3 ppt |
25.7% |
+9.5 ppt |
| 研发费用 R&D |
$180M |
$184M |
-2% |
$164M |
+10% |
| 销售及管理 SG&A |
$139M |
$139M |
+0% |
$116M |
+20% |
| 折旧摊销 D&A |
$63M |
$63M |
+0% |
N/A |
— |
| 股权激励 SBC |
$47M |
$41M |
+15% |
$34M |
+38% |
| 营业利润 Operating Income |
$431M |
$488M |
-12% |
$143M |
+201% |
| 利息费用 Interest Expense |
$77M |
$84M |
-8% |
$82M |
-6% |
| 净利润 Net Income |
$340M |
$336M |
+1% |
$25M |
+1260% |
补充指标
| 指标 |
Q3 FY2025 |
Q2 FY2025 |
Q/Q |
Q3 FY2024 |
Y/Y |
| 每股收益 EPS |
$1.57 |
$1.55 |
+1% |
$0.12 |
+1208% |
| 稀释股数 Diluted Shares |
216M |
217M |
-0% |
213M |
+1% |
| 实际税率 Effective Tax Rate |
4.2% |
4.0% |
+0.2 ppt |
56.9% |
-52.7 ppt |
end_market
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Mass Capacity |
$1,750M |
81.0% |
-7% |
+49% |
| Legacy |
$259M |
12.0% |
-7% |
-13% |
| Other |
$151M |
7.0% |
-7% |
-17% |
Mass capacity 包括 nearline/云盘和企业级存储；Legacy 包括 PC/消费级；Other 包括 SSD、系统和 Lyve 平台等非 HDD 产品。收入按百分比推算。
geography
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Asia Pacific |
$842M |
39.0% |
-20% |
+1% |
| Americas |
$1,102M |
51.0% |
+5% |
+78% |
| EMEA |
$216M |
10.0% |
-7% |
+8% |
收入按 bill-from 地点归属地理区域。
customer
| 项目 |
占比 |
| OEMs |
79.0% |
| Distributors |
12.0% |
| Retailers |
9.0% |
按销售渠道拆分。OEM（含超大规模数据中心和CSP）占79%为最大渠道。Seagate 未披露具体 >10% 客户名称。