Seagate Q4 adjusted EPS beats estimates on cloud demand

Seagate Technology Holdings

28/07/2026 21:20

Overview
U.S. data storage firm's fiscal Q4 revenue rose, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company attributed results to strong cloud data center demand and disciplined execution

Outlook
Seagate sees fiscal Q1 2027 revenue of $4.1 bln, plus or minus $100 mln
Company expects fiscal Q1 2027 non-GAAP diluted EPS of $7.30, plus or minus $0.20
Seagate says minimal expected impact from global tariff policies and Middle East conflict

Result Drivers
CLOUD DATA CENTER DEMAND - Co said robust demand from cloud data center customers drove quarterly results
TECHNOLOGY PLATFORM - Co said its Mozaic platform and HAMR technology roadmap position it to address strengthening exabyte demand

Company press release: ID:nBw82cpN8a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$3.63 bln
$3.48 bln (20 Analysts)
Q4 Adjusted EPS
Beat
$5.71
$5.09 (21 Analysts)
Q4 EPS
 
$5.58
 
Q4 Net Income
 
$1.29 bln
 
Q4 Gross Margin
 
52.30%
 
Q4 Dividend
 
$0.74
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Seagate Technology Holdings PLC is $1,000.00, about 22.4% above its July 27 closing price of $816.99
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
July 27 - Canada's Celestica Q2 results beat estimates on strong data center, cloud demand
July 27 - Rambus Q2 revenue rises 20%, beats analyst estimates
July 28 - Meta, BlackRock partner on $14 billion El Paso data center venture

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)