Earnings
Seagate beats its own forecast and guides to a $4.8bn quarter
Fiscal Q1 revenue of $4,233m and non-GAAP EPS of $7.68 cleared the top of Seagate's July ranges. The shares were down 6.27% after hours at 4:43 PM ET.
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Fiscal Q1 revenue of $4,233m and non-GAAP EPS of $7.68 cleared the top of Seagate's July ranges. The shares were down 6.27% after hours at 4:43 PM ET.
Non-GAAP EPS of $3.48 topped a $3.43 consensus, on Polstob's comparison; GAAP EPS was $3.19. The shares were down 2.13% after hours at 4:43 PM ET.
The data-storage company's non-GAAP gross margin reached 58.1% in fiscal Q1 2027, and it raised its quarterly dividend 17% to $0.175 per share.