Seagate Technology Holdings plc · STX · Next earnings

Seagate Technology Holdings plc reports Wednesday, Jan 27, 2027

STX reports after market close with consensus EPS at $9.22 and revenue at $4.80B. Last quarter: Seagate posts record quarter as HAMR and AI storage demand accelerate

Reports After market close83 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $9.22 Calendar consensus
Consensus revenue $4.80B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 83 days away

Where STX left off: FY2027 Q1

Full report

Seagate posts record quarter as HAMR and AI storage demand accelerate

EPS surprise +3.1% Reported $7.68 vs $7.45
Revenue surprise +2.0% Reported $4.23B vs $4.15B
Stock move +3.7% Event window
Subsequent drift 0.0% Up to 20 sessions

Raised: management's December-quarter outlook points to $4.8 billion of revenue and a mid-50% operating margin, indicating continued momentum.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • HAMR product transitions could create yield, scrap and manufacturing-cycle risks.
  • Higher external component costs could pressure margins if they are not fully passed through.
  • Reliance on hyperscale customers and AI-driven demand increases exposure to changes in cloud spending.
  • Advanced-component supply constraints could limit the pace of the product ramp.

Questions analysts left open

  • Whether exabyte shipment growth can sustain a 20%+ compound rate.
  • Whether faster pricing growth offsets higher component costs and protects gross margin.
  • The timing and execution of Mozaic 5 qualification and ramp.
  • Potential supply constraints and the extent of component-cost pass-through to customers.

Ask FN2 about STX next report

Transcript, numbers and history already loaded
What should I watch for in STX's next earnings report?How did STX guide last quarter, and is consensus above or below that?Give me the bull and bear case going into STX earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the STX recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent STX quarters

All STX earnings
+3.7%FY2027 Q1+2.3%FY2026 Q4+11.1%FY2026 Q3+19.1%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.