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.
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