Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
Seagate reported fiscal Q1 2027 revenue of $4.23 billion, up roughly 61% year-over-year, with GAAP gross margin expanding to 57.3% from 39.4% a year ago. GAAP diluted EPS was $7.59 ($7.68 non-GAAP), more than triple the prior-year quarter, and free cash flow hit a September-quarter record of $1.5 billion. The company retired $1.2 billion of debt (gross debt down to $2.4 billion, cut further to $1.6 billion after quarter-end) and returned $568 million to shareholders, while raising the quarterly dividend ~3% to $0.76 per share.
Key figures
- Eps
- 7.59
- Revenue
- 4233000000
- Guidance
- FQ2 2027 revenue of $4.8 billion +/- $100 million; non-GAAP diluted EPS of $9.20 +/- $0.20
- Revenue Yoy
- 61%
- Fcf
- 1479000000
- Debt retired
- $1.2 billion
- Non gaap eps
- 7.68
- Gaap gross margin
- 57.3%
- Dividend per share
- $0.76
- Shares outstanding
- 230000000
- Operating cash flow
- $1.7 billion
- Shareholder returns
- $568 million
- Cash and equivalents
- $1.3 billion
- Non gaap gross margin
- 57.8%
- Gross debt after quarter
- $2.4 billion
- Gross debt after subsequent paydown
- $1.6 billion
AI analysis
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