Seagate Technology (STX.US) Q1 revenue up 61% year-over-year, net income more than tripled, Q2 revenue guidance reaches $4.8 billion.

Zhitong Finance APP has learned that Seagate Technology (STX.US) announced its fiscal year 2027 first quarter financial results on Wednesday. Data shows that the company's revenue for the quarter reached $4.233 billion, up 61% year-over-year; GAAP net income was $1.761 billion, an increase of approximately 221% compared with $549 million in the same period last year; GAAP diluted earnings per share were $7.59, compared with $2.43 in the same period last year, an increase of approximately 212% year-over-year.