Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
Business Wire•27/10/2026•16:05 ET
1
Key Highlights
- ➤Revenue $4.2 billion, up from $2.6 billion year over year
- ➤GAAP diluted EPS $7.59, up from $2.43 year over year
- ➤Fiscal Q2 2027 revenue guidance $4.8 billion, plus or minus $100 million
- ➤Fiscal Q2 2027 non-GAAP diluted EPS guidance $9.20, plus or minus $0.20
- ➤Seagate retired $1.2 billion debt and returned $568 million to shareholders
Expert Statements
Dave Mosley, Chair and chief executive officer of Seagate Technology
“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 of Seagate Technology
“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.”
Dave Mosley, Chair and chief executive officer of Seagate Technology
“Our HAMR-based technology roadmap enables us to address growing exabyte demand through areal density gains while maintaining supply discipline.”
Dave Mosley, Chair and chief executive officer of Seagate Technology
“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.”
Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
GAAP diluted earnings per share (EPS) of $7.59; non-GAAP diluted EPS of $7.68
Get started
Create a free account to read the full story.