Seagate stock faces higher bar after strong Q1 and Q2 outlook
Published on 10/30/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSeagate's Q2 outlook raises the bar
- Fiscal first-quarter revenue rose sharply from the prior-year period.
- Management guided to higher second-quarter revenue and adjusted earnings.
- HAMR adoption, pricing and customer demand remain central to execution.
Seagate Technology Holdings plc delivered a strong fiscal first quarter on October 27, 2026, and raised its outlook for the December quarter. The results and guidance were reported by ad-hoc-news.de.
Quarterly strength and forward guide
Revenue for the period ended October 2 reached USD 4.233 billion, compared with USD 2.629 billion a year earlier. GAAP diluted earnings per share came to USD 7.59, while adjusted diluted earnings per share reached USD 7.68. GAAP gross margin was 57.3 percent and non-GAAP gross margin was 57.8 percent.
Seagate also generated USD 1.479 billion in free cash flow and repaid approximately USD 1.2 billion of principal debt. The company raised its quarterly cash dividend to USD 0.76 per share, with payment scheduled for January 7, 2027, to shareholders of record on December 23, 2026.
For fiscal second-quarter 2027, management expects revenue of USD 4.8 billion, plus or minus USD 100 million. Non-GAAP diluted earnings per share are expected at USD 9.20, plus or minus USD 0.20.
What investors should watch
Management linked the outlook to rising data creation, retention and reuse. Its HAMR roadmap is designed to increase areal density while supporting supply discipline and value-based pricing. The key operating test is whether customer demand and pricing can support the higher forecast as the company expands HAMR-based products.
Seagate stock traded at EUR 593.00 on Lang & Schwarz at 16:08 Berlin time on Friday, October 30, 2026. That was 2.63 percent below the EUR 609.00 quote in the latest relevant own report from October 29, a separate comparison that does not establish a direct reaction to the earnings update.
See the real-time quote of Seagate Technology stock for the latest indicated price.
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Seagate Technology Holdings plc
- ISIN: IE00BKVD2N49
- Ticker: STX
- Primary exchange: Nasdaq
- Lang & Schwarz quote: EUR 593.00 on October 30, 2026, at 16:08 Berlin time
- Fiscal second-quarter revenue outlook: USD 4.8 billion, plus or minus USD 100 million
- Fiscal second-quarter adjusted EPS outlook: USD 9.20, plus or minus USD 0.20
