Seagate Technology Q1 Earnings Call Highlights

Seagate Technology Q1 Earnings Call Highlights

Seagate Technology (NASDAQ:STX) reported fiscal first-quarter 2027 results that exceeded its guidance, with revenue rising 61% year over year to $4.2 billion and non-GAAP earnings per share reaching a record $7.68. Chief Executive Officer Dave Mosley said the company benefited from sustained demand

Seagate Stock Slides Despite Earnings Beat

Seagate stock slid in late trades despite the hard-disk drive maker reporting fiscal first-quarter results easily ahead of estimates.

Seagate Technology (STX) Stock: Surges as $4.2B Revenue and Strong Profits Lift Q1 Earnings

TLDR STX stock climbs 3.67% to $667.85, then slides 6.02% in after-hours trading. Seagate revenue jumps 61% to $4.23B as demand for mass-capacity storage grows. GAAP net income surges to $1.76B, while quarterly earnings reach $7.59 a share. Seagate generates $1.5B in free cash flow and cuts gross debt to just $1.6B. Seagate raises its [...]