Seagate (STX) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Seagate reported quarterly earnings of $2.61 per share, exceeding the Zacks Consensus Estimate of $2.36 per share, and showing a significant increase from $1.58 per share a year ago, resulting in an earnings surprise of +10.59% [1] - The company achieved revenues of $2.63 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.93% and up from $2.17 billion year-over-year [2] - Seagate's stock has increased by approximately 166.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.9% [3] Earnings Outlook - The future performance of Seagate's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $2.53 on revenues of $2.59 billion, while for the current fiscal year, the estimate is $10.55 on revenues of $10.34 billion [7] Industry Context - The Computer - Integrated Systems industry, to which Seagate belongs, is currently ranked in the top 7% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]