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Arnne Carragie

Seagate (STX) Q1 FY2027 Earnings Overview: 61% Revenue Growth and Record Margins Fuel 4.52% Rally

Seagate Technology reported Q1 FY2027 revenue of $4.233 billion, above LSEG's $4.138 billion estimate, while shares rose 4.52% in the completed reaction session. This analysis examines data-center growth, record margins, the $4.8 billion Q2 sales midpoint, and whether higher capacity shipments can sustain cash generation.