Form 8-K · Current report
Seagate Technology 8-K, filed Oct 27, 2026
- Filed
- CIK
- 0001137789
- Accession no.
- 0001137789-26-000300
Summary
Seagate Technology reported record profitability for fiscal first-quarter 2027, with revenue of $4.2 billion, GAAP diluted EPS of $7.59, non-GAAP diluted EPS of $7.68, and free cash flow of $1.5 billion. The board declared a quarterly dividend of $0.76 per share, and Seagate guided fiscal second-quarter 2027 revenue to $4.8 billion plus or minus $100 million and non-GAAP diluted EPS to $9.20 plus or minus $0.20.
Key points
- CEO Dave Mosley said data creation, retention and reuse continue to compound storage demand and that Seagate's HAMR-based technology roadmap addresses growing exabyte demand through areal density gains while maintaining supply discipline.
- Seagate retired about $1.2 billion of principal debt during fiscal Q1 2027 and an additional $750 million after quarter-end, lowering gross debt to $1.6 billion.
- The board declared a quarterly cash dividend of $0.76 per share, payable January 7, 2027 to shareholders of record as of December 23, 2026.
- Seagate guided fiscal Q2 2027 revenue to $4.8 billion plus or minus $100 million and non-GAAP diluted EPS to $9.20 plus or minus $0.20.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On October 27, 2026, Seagate Technology Holdings plc (the “Company” or “Seagate”) issued a press release reporting its financial results for the fiscal first quarter ended October 2, 2026. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1. The information in this Item 2.02 and the exhibit hereto are “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section. Item 7.01 Regulation FD Disclosure. …
An excerpt of the text as filed with the SEC, cut for length.
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