Seagate (STX) Q1 FY27 earnings results beat revenue estimates, EPS miss whisper

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Seagate stock plummeted on the news of its latest round of earnings.

Donovan Erskine October 27, 2026 1:36 PM 1

Data storage company Seagate (STX) has reported its earnings for Q1 of its 2027 fiscal year. It was a beat on revenue, but a miss on the EPS whisper number. The stock took a heavy dive as a result.

Seagate’s Q1 2027 earnings report was released shortly after the close of markets today. The company’s revenue was $4.2 billion, which beats the expectation of $4.11 Billion. Seagate’s EPS was $7.68/share, which cleared the expected amount of $7.40/share, but missed the $7.75/share whisper number.

Seagate stock dropped drastically in after hours trading. Shares fell as low as $613.50 after ending the day at $667.85. CEO Dave Mosley provided a statement in the report:

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Donovan Erskine News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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