Seagate reported fiscal Q1 2027 revenue of $4.23 billion, up about 61% year over year and above the $4.11 billion estimate. Adjusted EPS was $7.68 versus a $7.39 estimate.
Margins and guidance improve
GAAP gross margin reached 57.3%, non-GAAP gross margin 57.8% and non-GAAP operating margin 50.7%. Operating cash flow was $1.690 billion and free cash flow was $1.479 billion, up about 246% year over year. Seagate guided to second-quarter revenue of $4.8 billion, plus or minus $100 million, and adjusted EPS of $9.20, plus or minus $0.20.
According to BIT stock-platform data cited by BlockBeats, shares fell as much as 8% in after-hours trading despite the reported beat. Read the English BlockBeats flash (original Chinese: BlockBeats flash).