# Fundamentals #0025: Seagate Technology Holdings PLC: 1Q2027 results

Date: 2026-10-28 19:33
URL: https://heniu.blog/en/f-log/flog-2026-10-28-0025/
Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).

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Seagate Technology Holdings PLC (STX) revenues in the first quarter were 4.23 billion USD (+61.0% y/y), and earnings per share (reported) increased to 7.59 USD (+212.3% y/y).

### Quarterly results

Earnings per share (reported, basic) reached 7.72 USD (+199.2% y/y), while earnings per share (adjusted) was 7.68 USD. The company's operating income was 2.06 billion USD (+197.4% y/y).

### Management commentary

Management emphasized that instead of destroying demand, they are observing its increasing creation on a quarter-to-quarter basis. According to management, the slower growth in shipments in the past period was planned well in advance and was not a result of issues during product transitions. Management noted that the pricing strategy remains unchanged, and new contracts incorporate higher costs of external components, which are more than covered by rising prices. According to management, the share buyback will clearly increase from the next quarter, as the company no longer plans further debt repayment activities. Management also indicated that corporate customers and hardware manufacturers are increasingly less likely to fall behind in purchasing the highest-capacity drives.