Seagate Revenue Rises About 61% in Fiscal 2027 First Quarter
Photo: TokenPost
Seagate Technology Holdings plc grew revenue about 61% year over year in its fiscal 2027 first quarter and projected second-quarter revenue and adjusted earnings above analyst estimates. Revenue totaled $4.23 billion for the quarter ended Oct. 2, exceeding the $4.11 billion analysts had expected. Adjusted earnings came to $7.68 per share, above the $7.39 estimate. A pre-report estimate for Seagate’s first quarter put adjusted earnings at $7.40 per share and revenue at $4.14 billion. For the fiscal second quarter, Seagate projected revenue of about $4.8 billion, with a range of $100 million above or below that figure.
Source: TokenPost
