Seagate’s Pricing Power Offsets Cost Headwinds: What It Means for STX

Posted on by Eben@CANSLIM Research

In a report examining Seagate’s FQ1’27 results, in which faster HDD price gains outweigh cost pressures, the analysis argues that the quarter’s two blemishes — higher external component costs and softer nearline exabyte shipments — are transitory and do not undermine the earnings trajectory. Seagate Technology (STX) delivered non-GAAP EPS of $7.68, above both the report’s $7.50 estimate and consensus of $7.39, on revenue of $4.23bn. The beat was driven principally by price: ASP per exabyte rose about 16% quarter-on-quarter, which management described as record-breaking growth spread fairly evenly across the portfolio.

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