โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $7.68 (Est. $7.43) โ , +194% YoY.
โข Revenue: $4.23B (Est. $4.15B) โ , +61% YoY.
โข GAAP EPS: $7.59 (vs. $2.43 YoY).
โข Adj. Gross Margin: 57.8% (vs. 40.1% YoY).
โข Adj. Operating Margin: 50.7% (vs. 29.0% YoY).
โข Adj. Net Income: $1.78B (vs. $583M YoY).
โข Operating Cash Flow: $1.7B.
โข Free Cash Flow: Record $1.5B.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $4.7Bโ$4.9B, midpoint $4.8B (Est. $4.56B) โ .
โข Q2 FY2027 Adj. EPS: $9.00โ$9.40, midpoint $9.20 (Est. $8.61) โ .
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q1 Adj. EPS beat consensus by ~3.4%, while revenue exceeded estimates by ~2.0%.
โข Revenue surged 61% YoY, supported by strengthening storage demand and disciplined supply.
โข Adjusted gross margin expanded 1,770 bps YoY to 57.8%.
โข Adjusted operating margin reached 50.7%, up 2,170 bps YoY.
โข Q2 revenue guidance midpoint stands ~5.3% above consensus, with EPS guidance ~6.9% higher.
โข HAMR technology and value-based pricing support higher storage density and profitability.
โข Seagate retired $1.2B in debt during Q1 and another $750M afterward, reducing gross debt to $1.6B.
โข Quarterly dividend increased ~3% to $0.76 per share.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โSeagate 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.โ
