Seagate Beats Earnings on 54% Data Center Revenue Surge, Raises Q1 Forecast
Seagate reported fourth-quarter revenue of $3.63 billion and adjusted earnings per share of $5.71, both beating analyst estimates of $3.49 billion and $5.09. The storage maker posted record profitability, with gross margin reaching 52.3%, driven by a 54% year-over-year surge in data center sales that now account for more than 80% of total revenue.
Chief Executive Officer Dave Mosley attributed the results to robust cloud storage demand linked to artificial intelligence, saying momentum is expected to continue into 2027. The company guided for first-quarter revenue of $4.1 billion to $4.2 billion and non-GAAP EPS of $7.10 to $7.50, both significantly above forecasts. The stock gained 7.9% to 10% in after-hours trading following the results.
From the sources (11 posts)
@tradfi*SEAGATE 4Q REV. $3.63B, EST. $3.49B *SEAGATE 4Q ADJ EPS $5.71, EST. $5.08 $STX
@trendspider$STX EARNINGS GOD CANDLE 🔥
@firstsquawkSEAGATE TECHNOLOGY Q4 REVENUE $3,629 MLN BEATS EST $3,485 MLN; EPS $5.58, ADJUSTED EPS $5.71 TOPS EST $5.09; NET INCOME $1,294 MLN, GROSS MARGIN 52.3%, DIVIDEND $0.74
@alphasenseinc$STX Earnings: - Revenue of $3.6 billion - GAAP gross margin of 52.3%; non-GAAP gross margin of 52.7% - GAAP diluted earnings per share (EPS) of $5.58; non-GAAP diluted EPS of $5.71 - Cash flow from operations of $1.3 billion and free cash
@firstsquawkSEAGATE SEES Q1 REVENUE $4,000-4,200 MLN AND ADJUSTED EPS $7.10-7.50, BOTH WELL ABOVE ESTIMATES OF $3,749 MLN AND $5.80; CITES ROBUST CLOUD DATA CENTER DEMAND, SEES MOMENTUM CONTINUING INTO 2027 AND DURABLE LONG-TERM DEMAND FOR MASS CAPACIT
@trendspider$STX Q4 EARNINGS DOUBLE BEAT 🔥 Adj. EPS: $5.71 vs $5.09 est Sales: $3.629B vs $3.485B est 🟩 +5.08%
@thetranscript_Seagate CEO: "Seagate’s strong Q4 26 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"
@trendspiderSEAGATE CEO: "Our performance is being driven by robust cloud data center demand and disciplined execution, and we see momentum continuing in 2027" $STX
@wallstengineSEAGATE TECHNOLOGY $STX Q4’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $3.63B (Est. $3.48B) 🟢 🔹 Adj. EPS: $5.71 (Est. $5.09) 🟢 🔹 Adj Gross Margin: 52.7%; +1,480 bps YoY Q1'27 Guide: 🔹 Revenue: $4.1B +/- $100M (Est. $3.75B) 🟢 🔹 Non-GAAP EPS: $7.30 +
@firstadopterSeagate +7.9%: "Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027,” said Dave Mosley, Seagate’s chair and chief executive officer. “As AI accelerates dat
@trendspiderSeagate $STX saw record gross margin, record operating margin, and record EPS in Q4. Data center revenue exploded +54% YoY, now making up more than 80% of the company's total revenue.