Seagate Crushes Estimates with 48.5% Revenue Surge, Guides Q1 Above Consensus
STX has more than doubled off its 52-week low of $138.3.
Summary
Seagate reported fiscal Q4 2026 results that shattered expectations, with revenue up 48.5% to $3.6 billion and non-GAAP EPS of $5.71. The company guided fiscal Q1 2027 revenue to $4.1 billion, far above consensus, as AI data center demand drives unprecedented growth in mass-capacity storage.
Key Events · Earnings and Guidance · STX
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Revenue Surges 48.5% to $3.6B
Fiscal Q4 2026 revenue of $3.629 billion, up from $2.444 billion a year ago, driven by robust cloud data center demand for mass-capacity storage.
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Record Profitability and Cash Flow
Non-GAAP gross margin expanded to 52.7%, non-GAAP diluted EPS hit $5.71, and free cash flow reached a record $1.1 billion for the quarter.
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Guidance Crushes Expectations
Fiscal Q1 2027 guidance calls for revenue of $4.1 billion ± $100 million and non-GAAP diluted EPS of $7.30 ± $0.20, well above consensus estimates.
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AI Demand Driving Durable Growth
CEO Dave Mosley highlighted that AI is accelerating data generation and value, creating durable long-term demand for Seagate's Mozaic platform and HAMR technology.
Analysis · STX · Technology
Seagate delivered a standout quarter, with revenue jumping 48.5% year-over-year to $3.6 billion, driven by insatiable AI-driven cloud storage demand. Non-GAAP EPS of $5.71 crushed expectations, and the company generated a record $1.1 billion in free cash flow. The fiscal Q1 2027 guidance of $4.1 billion in revenue and $7.30 in non-GAAP EPS is well above Street estimates, signaling that the AI-fueled momentum is accelerating. This is a thesis-altering print that confirms Seagate's HAMR technology leadership is translating into explosive financial performance.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STX was trading at $801.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $167.6B. The 52-week trading range was $138.30 to $1,145.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.