Seagate Crushes Estimates with 48.5% Revenue Surge, Guides Q1 Above Consensus

summarizeSummary

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.

check_boxKey Events · Earnings and Guidance · STX

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis · 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.