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Seagate Technology Holdings PLC STX Q1 2027 earnings

Reported October 27, 2026 · After market close

Revenue$4.2BBeat by $83.8M
Adjusted EPS$7.68Beat by $0.23
Revenue estimate$4.1B
EPS estimate$7.45
“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. 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. Our HAMR-based technology roadmap enables us to address growing exabyte demand through areal density gains while maintaining supply discipline. 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”
Dave Mosley

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Jan 26, 2027 (in 3 months)
Revenue estimate$4.5B
EPS estimate$8.71

Financials

Q1 2027

Income statement

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Revenue$4.2B+61.0%
Gross profit$2.4B+134%
Operating income$2.1B+197%
Net income$1.8B+221%
EPS (diluted)$7.59+212%

Balance sheet

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Cash & equivalents$1.3B+13.1%
Total debt$2.4B-52.9%
Total equity$3.5B+5,581%
Total assets$10.3B+22.3%

Cash flow

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Operating cash flow$1.7B+218%
CapEx-$211.0M-301%
Free cash flow$1.5B+246%

Valuation & ratios

Valuation

as of 10/27/26
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Market cap$143.37B+199%
Enterprise value$144.46B+179%
P/E32.6×+4.6×
P/S10.4×+5.4×

Profitability

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Gross margin50.4%+13.5pp
Operating margin39.6%+16.8pp
Net margin31.9%+13.9pp
FCF margin30.1%+17.4pp

Returns & leverage

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Debt / equity0.7×—
Current ratio1.8×+0.8×

FAQ

When did Seagate Technology Holdings PLC report Q1 2027 earnings?
Seagate Technology Holdings PLC (STX) reported Q1 2027 earnings on October 27, 2026 after market close.
What were Seagate Technology Holdings PLC's Q1 2027 revenue and EPS?
Seagate Technology Holdings PLC reported revenue of $4.2B and adjusted eps of $7.68 for Q1 2027.
Did Seagate Technology Holdings PLC beat estimates in Q1 2027?
Revenue beat the consensus estimate of $4.1B by $83.8M. EPS beat the consensus estimate of $7.45 by $0.23.
How did Seagate Technology Holdings PLC's Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 61.0% from $2.6B a year earlier.
Where can I find Seagate Technology Holdings PLC's Q1 2027 SEC filings?
You can read the 8-K earnings release (0001137789-26-000300) directly on SEC EDGAR. The filing index links above go to sec.gov.