Seagate Technology Holdings PLC (STX) reported better-than-expected financial results for the first quarter of fiscal 2026. The company achieved earnings per share (EPS) of $2.61, surpassing Wall Street's consensus estimate of $2.40 by $0.21. Revenue matched expectations at $2.6 billion.
This update provides insight into Seagate's recent operational performance and financial health. The company's strong EPS performance may reflect robust business fundamentals amid evolving market conditions.
Seagate, a major player in the technology sector, operates as a holding company engaged in the development, production, and distribution of data storage products and electronic data storage solutions. With a market capitalization of $59.7 billion and a trailing twelve-month price-to-earnings ratio of 34.83, the company remains a significant entity in the industry. Its principal products include hard disk drives (HDDs) and solid-state drives (SSDs), catering to a variety of mass capacity storage applications.
The company will host an earnings conference call after market close to discuss these results and provide additional commentary on business performance. Investors are encouraged to review the full earnings release and listen to management commentary for complete context on the quarter's performance and future outlook.
Looking ahead, Seagate is set to announce its next earnings results on July 26, 2026, with EPS and revenue estimates of $2.8553 and $2.7 billion, respectively.