Seagate Fiscal Q4 Revenue Soars 48% to $3.63 Billion
Seagate Fiscal Q4 Revenue Soars 48% to $3.63 Billion
Seagate's fiscal Q4 revenue soared 48% to $3.63 billion, surpassing estimates and driven by robust cloud data center demand and disciplined execution.
$3.63 billion in revenue, up 48% year over year, highlights the company's strong performance. The company's non-GAAP earnings per share (EPS) came in at $5.71, beating the estimated $5.10.
The company's non-GAAP gross margin expanded to 52.7% from 37.9% in the prior year, driven by its ability to capitalize on the growing demand for AI-driven data storage.
52.7% non-GAAP gross margin, a significant increase from 37.9% in the prior year, demonstrates the company's ability to maintain profitability while growing revenue.
According to Dave Mosley, CEO of Seagate, "Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027."
"Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027." — Dave Mosley, CEO, Seagate
Seagate's fiscal Q4 results show the underlying demand for AI-driven data storage remains strong, with the company's free cash flow coming in at $3.1 billion.
$3.1 billion in free cash flow provides a strong foundation for future growth. The company expects revenue to come in between $3.8 billion and $4.1 billion for the next quarter, driven by continued strong demand for AI-driven data storage. $3.8 billion to $4.1 billion expected revenue range for the next quarter.
The market reacted positively to Seagate's fiscal Q4 results, with the stock spiking up in overnight trading.
Analysis: If Seagate's momentum continues, the company's stock could see further upside, driven by strong demand for AI-driven data storage. Seagate's fiscal Q4 results will be closely watched by investors and analysts, as the company's performance is seen as a bellwether for the data storage industry. With strong execution and robust demand for AI-driven data storage, Seagate is well-positioned for continued growth in 2027.
Frequently Asked Questions
- What was Seagate's fiscal Q4 revenue?
- Seagate's fiscal Q4 revenue hit $3.63 billion, up 48% year over year.
- What drove Seagate's fiscal Q4 performance?
- Seagate's performance was driven by robust cloud data center demand and disciplined execution.
- What is Seagate's outlook for 2027?
- Seagate sees momentum continuing in 2027, driven by strong demand for AI-driven data storage.