Seagate reports record fiscal Q1 profit and gives strong second-quarter outlook
+2 new sources since this summary was written
Seagate Technology reported fiscal Q1 2027 revenue of $4.2 billion, GAAP diluted EPS of $7.59 and non-GAAP diluted EPS of $7.68. The company forecast fiscal Q2 2027 revenue of $4.8 billion, plus or minus $100 million, and non-GAAP diluted EPS of $9.20, plus or minus $0.20. Seagate also reported $1.5 billion in free cash flow, returned $1.2 billion to shareholders, and increased its quarterly dividend by approximately 3% to $0.76 per share.
Why it matters
The Q2 outlook sets a higher near-term earnings and revenue framework for investors, while the debt reduction and shareholder returns affect capital allocation. Seagate's dividend increase raises the quarterly cash distribution to shareholders.
Key facts
- 1Fiscal Q1 2027 revenue was $4.2 billion, with GAAP gross margin of 57.3% and non-GAAP gross margin of 57.8%. stocktitan.net
- 2Fiscal Q1 2027 GAAP diluted EPS was $7.59 and non-GAAP diluted EPS was $7.68. stocktitan.net
- 3Seagate forecast fiscal Q2 2027 revenue of $4.8 billion, plus or minus $100 million, and non-GAAP diluted EPS of $9.20, plus or minus $0.20. stocktitan.net
- 4Free cash flow was $1.5 billion, while cash flow from operations was $1.7 billion. stocktitan.net
- 5The company returned $1.2 billion to shareholders through dividends and share repurchases and increased its quarterly cash dividend by approximately 3% to $0.76 per share. stocktitan.net
Open questions
- labels the reported period as Q3 and the outlook as Q4, while Seagate's release identifies them as fiscal Q1 2027 and fiscal Q2 2027.
- Reported post-announcement share-price moves vary across materials, including declines of 5.44%, 7.3% and 8.6%, reflecting different reporting times or reference prices.
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.