Seagate Technology — Fiscal Q1 2027 Earnings Summary

Seagate Technology reported fiscal first quarter 2027 revenue of $4.2 billion, representing a significant increase from the prior year period. The company achieved a GAAP diluted earnings per share of $7.59 and generated $1.5 billion in free cash flow. During the quarter, Seagate retired $1.2 billion of debt, lowered its gross debt to $2.4 billion, and returned $568 million to shareholders through dividends and share repurchases. The Board of Directors declared a quarterly cash dividend of $0.76 per share, an increase of approximately 3% from the previous quarter.