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Just reported
Q1 FY2027 results
From Seagate Technology's results release of October 27, 2026; its quarterly report has since been filed.
Revenue
Actual
$4.23B
+61% y/y
+17% q/qGuided
$4.1B
midpoint
Above guide+3.2%EPS, GAAP
Actual
$7.59
+212% y/y
+35% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$2.06B
+197% y/y
+32% q/qGuided
—
No guide given
Company outlook
Q2 FY2027
- Revenue$4.7B – $4.9B+70% y/y First given
- EPS, adjusted$9.00 – $9.40First given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Seagate Technology is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Semiconductors
Graded A or B and worth $2B or more: A first, then the largest.
NVDANVIDIA Corp.$3.92TA+
AVGOBroadcom Inc.$1.66TA+
MUMicron Technology, Inc.$880.4BA+
AMDAdvanced Micro Devices, Inc.$876.1BA+
TXNTexas Instruments Inc.$277.4BA+
Grade rose recently in Technology
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
LRCXLAM Research CorporationOct 22, 2026BAGraded B, now A
IBMInternational Business Machines CorporationOct 21, 2026BAGraded B, now A
CDNSCadence Design Systems, Inc.Oct 28, 2026BAGraded B, now A
NXPINXP Semiconductors N.V.Oct 27, 2026BAGraded B, now A
UIUbiquiti Inc.Nov 6, 2026BAGraded B, now A
How it makes money
- Data Center storage81%
- Edge Internet of Things storage19%
Shares of revenue are estimates for Q4 fiscal 2026, not figures from a filing.
Competes with
- WDCWestern Digital CorporationA
- Size
- $110.6B
- Margin
- 69.2%
- TOSYYToshiba Electronic Devices & Storage Corporation
- SSNLFSamsung Electronics
- MUMicron TechnologyA
- Size
- $880.4B
- Margin
- 63.8%
What it sells6
Data Center hard disk drives
High-capacity drives used by cloud operators and businesses to store large volumes of data, including data used for applications, backups and archives.
Storage systems
Equipment that combines storage drives into systems for cloud, enterprise and other large-scale data storage.
Edge Internet of Things hard drives
Drives for data stored near where it is created, including in industrial, commercial and consumer settings.
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Branded consumer storage products
Storage products sold under Seagate brands through retailers and distribution partners for personal storage, gaming and creative work.
Mozaic 3+ drives
Hard drives using Seagate's heat-assisted magnetic recording technology; management said these drives were qualified and in production at major cloud customers.
Mozaic 4+ drives
A newer generation of Seagate heat-assisted magnetic recording hard drives, being introduced with large cloud customers.
Who buys it5
- Large cloud service providers and hyperscale cloud operators buy high-capacity drives, often using longer-term demand plans and purchase orders under master purchase agreements.
- Original equipment manufacturers buy Seagate drives and incorporate them into computer systems and data center equipment.
- Enterprise organizations buy storage for private data centers and business applications, directly or through sales partners.
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- Distributors and third-party resellers buy products for sale to industrial, commercial and consumer buyers.
- Retailers sell Seagate-branded storage products to consumers, gamers and creative professionals.
What it stands on, and what could break it
What the business leans on
- 1A limited number of major customers account for a significant portion of revenue, including large cloud operators and cloud service providers.
- 2Manufacturing depends on critical components and raw materials, some available from a limited number of suppliers, including rare earth elements and specialized materials.
- 3The business depends on qualifying and manufacturing new hard drive technologies and on moving those products through complex factory transitions.
- 4Most business comes from Data Center customers, so their purchasing plans and data center investment cycles affect demand.
What could go wrong
- 1If a major cloud or other key customer delays, reduces or cancels purchases, Seagate may lose substantial sales; demand plans and purchase orders can change.
- 2If new drives do not meet customer requirements or are not accepted on time, product transitions may disrupt sales and leave Seagate less able to compete with other hard drive makers and alternative storage technologies.
- 3Shortages or delays involving critical components, raw materials or single-source suppliers could interrupt production, raise costs or delay product development.
About Seagate Technology Holdings plc
Seagate designs and manufactures hard disk drives (HDDs) and storage systems that hold large amounts of digital information. Cloud and enterprise customers use them in data centers for stored data, backups and archives; other products store data near where it is created, including in industrial equipment and consumer devices. It sells directly and through original equipment manufacturers, distributors, retailers and other resellers.
- Head office
- Singapore
- Founded
- 1979
- Employees
- 30,000 (July 3, 2026, high)
- Listed on
- Nasdaq
- Financial year ends
- Fiscal 2026 ended July 3, 2026; the year-end date varies
Built from Seagate Technology Holdings plc’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.