Earnings Releases·Oct 27, 2026, 4:12 PM ET

Seagate Technology — Fiscal Q1 2027 Earnings Summary

Revenue surged to $4.233 billion from $2.629 billion year-over-year, while GAAP net income jumped to $1.761 billion from $549 million and non-GAAP diluted EPS rose to $7.68 from $2.61.
The company returned $568 million to shareholders via dividends and repurchases, declared a quarterly dividend increase to $0.76 per share, and reduced gross debt to $1.6 billion following $1.95 billion in total retirements.
Fiscal Q2 2027 guidance was set at revenue of $4.8 billion (±$100 million) and non-GAAP diluted EPS of $9.20 (±$0.20), excluding $0.30 in share-based compensation.
Management highlighted a strengthening demand environment and a multi-year growth outlook driven by HAMR technology and value-based pricing, targeting continued profitable growth and cash generation.