$STX 🚀

Seagate Technology Non-GAAP EPS of $5.71 beats by $0.62, revenue of $3.63B beats by $140M
Jul 28, 2026
Q4 Non-GAAP EPS of $5.71 beats by $0.62.
Revenue of $3.63B (+48.8% Y/Y) beats by $140M.
The Company is providing the following guidance for its fiscal first quarter 2027:
Revenue of $4.1 billion, plus or minus $100 million vs consensus of $3.75B
Non-GAAP diluted EPS of $7.30, plus or minus $0.20 vs consensus of $5.87
Seagate Technology perks up as Q4 results, guidance top estimates
Jul 28, 2026
Seagate Technology (STX) shares rose 4.5% in extended trading on Tuesday after the storage company reported fiscal fourth-quarter results and guidance that topped Wall Street's forecast.
For the period ending July 3, Seagate said it earned an adjusted $5.71 per share as revenue rose 48% year-over-year to come in at $3.63B. Analysts had expected the company to earn an adjusted $5.08 per share on $3.49B in revenue.
The company also generated $1.3B in cash flow from operations and $1.1B in free cash flow during the quarter. At the end of the fiscal year, Seagate had $1.7B in cash and cash equivalents on its balance sheet after paying off $302M in debt during the fourth quarter and $1.4B during the fiscal year.
“Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability, and generated a record $3.1 billion in free cash flow. Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027,” said Seagate CEO and Chairman Dave Mosley in a statement. “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage. Seagate is well positioned to address strengthening exabyte demand through our Mozaic platform and differentiated HAMR technology roadmap, enabling customers to scale efficiently while supporting our ability to drive profitable growth and value creation.”
Looking ahead to the first quarter of fiscal 2027, Seagate said it expects adjusted earnings to be between $7.10 and $7.50 per share, well above the $5.85 analysts were expecting. Revenue is forecast to be between $4B and $4.2B, well above the $3.78B analysts had anticipated.
The company is set to host a conference call at 5 p.m. EST to discuss the results.