Seagate Technology Reports Record Q1 Fiscal 2027 Earnings and Provides Strong December Quarter Guidance
Seagate Technology Holdings plc (STX) reported a robust start to fiscal year 2027, highlighted by a September quarter where revenue grew over 60% year-over-year. The company achieved a record non-GAAP earnings per share (EPS) of $7.68, representing nearly a threefold expansion compared to the previous year. Looking ahead to the December quarter, Seagate issued optimistic guidance, projecting revenue of approximately $4.8 billion and non-GAAP EPS of $9.20. Management indicated a strategic shift toward prioritizing share repurchases as part of its capital allocation strategy moving forward.
Tickers: $STX
Topics: earnings report EPS expansion revenue growth
Read the full article at Seeking Alpha
Part of the story Seagate Technology Reports Record Q1 Fiscal 2027 Earnings and Provides Strong December Quarter Guidance (5 articles)