Filing Flows › Seagate Technology Holdings (STX) › Q1 FY27
Seagate Technology Holdings (STX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 29, 2026
Seagate Technology Holdings (STX) reported revenue of $4.2B for the first quarter fiscal 2027 (Q1 FY27), +61% from a year earlier and +17% from the quarter before. Operating margin was 48.8%, net earnings $1.8B (41.6% of revenue).
Seagate Technology Holdings, Q1 FY27: revenue $4.2B (+61% year over year), operating margin 48.8%, net earnings $1.8B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +17% | +61% |
| Operating profit | $2.1B | +32% | +197% |
| Net earnings | $1.8B | +36% | +221% |
| Operating cash flow | $1.7B | +30% | +218% |
| Free cash flow | $1.5B | +32% | +246% |
What changed
Revenue was $4.2B in Q1 FY27, up 61% year over year and up 17% from the previous quarter.
Operating profit was $2.1B, a 48.8% margin (up 22.4 points year over year). Of the extra revenue versus Q1 FY26, 85% reached operating profit, above the 26% margin then. Total costs grew 12% against revenue growth of 61%. The fastest-growing cost line was Cost of revenue (+13%). Net earnings were $1.8B, up 221% year over year. The effective tax rate was 11.2%.
Operating cash flow was $1.7B (up 218% year over year), 96% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.21B left free cash flow of $1.5B.
Questions
What was Seagate Technology Holdings' revenue in the first quarter fiscal 2027?
Seagate Technology Holdings (STX) reported revenue of $4.2B for the first quarter fiscal 2027 (Q1 FY27), +61% from a year earlier and +17% from the quarter before.
Was Seagate Technology Holdings profitable in the first quarter fiscal 2027?
Operating profit was $2.1B (48.8% of revenue) and net earnings $1.8B.