STX Q1 FY2027 earnings: EPS beat by 3.1%, revenue beat by 2.0%
Seagate Technology Holdings plc reported Q1 FY2027. EPS came in at $7.68 against a $7.45 consensus, beat by 3.1%. Revenue was $4.2B versus $4.1B expected, beat by 2.0%. Gross margin was 57.3%, up 500 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $7.68 | $7.45 | beat by 3.1% |
| Revenue | $4.2B | $4.1B | beat by 2.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $4.2B | +16.6% | +61.0% |
| Gross profit | $2.4B | +27.9% | +134.0% |
| Operating income | $2.1B | +33.8% | +191.9% |
| Net income | $1.8B | +36.1% | +220.8% |
| Diluted EPS | $7.59 | +35.5% | +212.3% |
| Gross margin: 57.3%. |
§
The trend
Revenue is up 61.0% from the same quarter last year. Gross margin sits at 57.3%, a new high for the period charted.
§
How it stacks up
Pro
This section is part of the Pro report for STX.
Subscribe — $49.99/mo →
§
Go deeper on STX
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →