Seagate Technology Holdings Plc  (NASDAQ:STX) posted its first-quarter fiscal 2027 results after Tuesday’s closing bell, beating analyst estimates yet disappointing investors.  

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Seagate Q1 Details    

Seagate reported quarterly earnings of $7.68 per share, which beat the consensus estimate of $7.42 by 3.5%, per Benzinga Pro data. 

Quarterly revenue clocked in at $4.23 billion, which beat the Street estimate of $4.14 billion and was up from $2.63 billion in the same period last year.

Seagate reported cash flow from operations of $1.7 billion and free cash flow of $1.5 billion for the quarter.

“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,” said CEO Dave Mosley.

“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,” Mosley added.

Looking Ahead

Seagate expects second-quarter adjusted EPS between $9 and $9.40, versus the $8.58 analyst estimate, and revenue between $4.7 billion and $4.9 billion, versus the $4.53 billion estimate.   

STX Stock Price: According to data from Benzinga Pro, Seagate stock was down 8.63% to $610.21 in Tuesday’s extended trading.  

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