STX Q1 Earnings and Revenues Beat, Record Cash Flow Boosts Profitability
FROM THE WIRE · FINANCE.YAHOO.COM
Seagate Technology Holdings plc STX reported first-quarter fiscal 2027 non-GAAP earnings of $7.68 per share, beating the Zacks Consensus Estimate of $7.44 and exceeding the high end of management's guidance of $7.30 per share (+/- 20 cents). The bottom line also expanded a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings and revenues beat estimates, with strong data center storage demand supporting the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Seagate reported non-GAAP EPS of $7.68 versus a $7.44 consensus estimate.
- 02Non-GAAP revenue was $4.2 billion, up 61% year over year.
- 03The company expects strong sequential revenue growth and gross margin expansion in fiscal 2027.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets