Seagate Technology Holdings PLC: Beat — EPS $7.68, Revenue $4.23B
Earnings BeatQ1 2027 · After-market
Did Seagate Technology Holdings PLC (STX) beat earnings today?
Yes, Seagate Technology Holdings PLC (STX) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.36% surprise
$7.68Actual
Expected: $7.43
vs. year ago +194.3%
Total Revenue+2.00% surprise
$4.23BActual
Expected: $4.15B
vs. year ago +61.0%
Released Oct 27 · 4:05 PM ET
Earning Report
| Metric | FQ1 2027 | FQ1 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $4.23B | $2.63B | +61.0% |
| GAAP Net Income | $1.76B | $549.00M | +220.8% |
| Non-GAAP Net Income | $1.78B | $583.00M | +205.5% |
| GAAP Diluted EPS | $7.59 | $2.43 | +212.3% |
| Non-GAAP Diluted EPS | $7.68 | $2.61 | +194.3% |
Financial Outlook / Guidance
| Metric | FQ2 2027 Outlook | Full Year Outlook |
|---|---|---|
| Revenue | $4.8B ±$100M | — |
| Non-GAAP diluted EPS | $9.20 ±$0.20 | — |
| Share-based compensation | $0.30/share | — |
Business Highlights
- ➤Advanced its HAMR-based technology roadmap to address growing exabyte demand through areal-density gains.
- ➤Cited strengthening demand and long-term customer demand visibility supporting a multi-year growth phase.
- ➤Maintained a value-based pricing strategy and supply discipline.
- ➤Retired approximately $1.2B of principal debt during the fiscal first quarter.
- ➤Retired an additional $750M of principal debt after quarter-end.
- ➤Returned $568M to shareholders through dividends and share repurchases.
- ➤Increased the quarterly cash dividend approximately 3% to $0.76 per share.
- ➤Declared a quarterly cash dividend payable January 7, 2027 to shareholders of record December 23, 2026.
Management Commentary
Dave Mosley, Chair and Chief Executive Officer
“Seagate delivered another quarter of record profitability and our highest ever free cash flow in the September quarter, demonstrating the earnings power of our business amid a strengthening demand environment.”
Dave Mosley, Chair and Chief Executive Officer
“Data creation, retention and reuse continue to compound storage demand with long term customer demand visibility reinforcing our view of a multi-year growth phase. Our HAMR-based technology roadmap enables us to address growing exabyte demand through areal density gains while maintaining supply discipline. Combined with our value-based pricing strategy and strengthened balance sheet, we believe Seagate can deliver profitable growth, strong cash generation and increased shareholder returns over the long term,”