Seagate Technology Q1 revenue and adjusted EPS beat estimates
STX•STX•STX•STX•Seagate Technology reported fiscal first-quarter revenue of $4.23 billion and adjusted EPS of $7.68, beating analyst estimates of $4.14 billion and $7.42. The company raised its quarterly dividend about 3% to $0.76 per share and forecast fiscal second-quarter revenue of $4.8 billion, plus or minus $100 million, and non-GAAP diluted EPS of $9.20, plus or minus $0.20.
Seagate Technology reported fiscal first-quarter revenue of $4.23 billion, above the $4.14 billion analyst consensus, and adjusted EPS of $7.68, compared with an estimate of $7.42. Net income was $1.76 billion, gross margin was 57.3%, and EPS was $7.59.
The company raised its quarterly dividend about 3% to $0.76 per share. For fiscal second-quarter 2027, it expects revenue of $4.8 billion, plus or minus $100 million, and non-GAAP diluted EPS of $9.20, plus or minus $0.20. Seagate said strengthening data-storage demand, HAMR-based technology and its value-based pricing strategy contributed to earnings power and profitability.
