Seagate TechnologySTXEarnings & Financial Report
Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.
STX Q1 FY2027 Key Financial Metrics
Revenue
$3.1B
Gross Profit
$1.4B
Operating Profit
$998.0M
Net Profit
$748.0M
Gross Margin
46.5%
Operating Margin
32.1%
Net Margin
24.0%
YoY Growth
44.1%
EPS
$3.27
Seagate Technology Q1 FY2027 Financial Summary
Seagate Technology reported revenue of $3.1B (up 44.1% YoY) for Q1 FY2027, with a net profit of $748.0M (up 120.0% YoY) (24.0% margin). Cost of goods sold was $1.7B, operating expenses totaled $449.0M.
Key Financial Metrics
| Total Revenue | $3.1B |
|---|---|
| Net Profit | $748.0M |
| Gross Margin | 46.5% |
| Operating Margin | 32.1% |
| Report Period | Q1 FY2027 |
Seagate Technology Annual Revenue by Year
Seagate Technology annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.1B).
Seagate Technology Quarterly Revenue & Net Profit History
Seagate Technology results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $3.1B | +44.1% | $748.0M | 24.0% |
| Q3 FY2026 | $3.1B | +44.1% | $748.0M | 24.0% |
| Q2 FY2026 | $2.8B | +30.8% | $593.0M | 21.0% |
| Q1 FY2026 | $2.6B | +21.3% | $549.0M | 20.9% |
| Q4 FY2025 | $2.4B | +29.5% | $488.0M | 20.0% |
| Q3 FY2025 | $2.2B | +30.5% | $340.0M | 15.7% |
| Q2 FY2025 | $2.3B | +49.5% | $336.0M | 14.5% |
| Q1 FY2025 | $2.2B | +49.1% | $305.0M | 14.1% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $2.33B | $2.16B | $2.44B | $2.63B | $2.83B | $3.11B | $3.11B |
| YoY Growth | 49.1% | 49.5% | 30.5% | 29.5% | 21.3% | 30.8% | 44.1% | 44.1% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.97B | $7.96B | $7.56B | $8.02B | $8.44B | $8.71B | $8.89B | $8.89B |
| Liabilities | $9.27B | $9.04B | $8.39B | $8.48B | $8.51B | $8.25B | $7.80B | $7.80B |
| Equity | $-1.30B | $-1.08B | $-829.0M | $-453.0M | $-63.0M | $459.0M | N/A | N/A |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $95.0M | $221.0M | $259.0M | $508.0M | $532.0M | $2.37B | $2.37B |