Seagate Q3 Earnings Beat, Strong Guidance

Seagate posted Q3 adjusted EPS $4.10 and revenue $3.11bn, beating consensus $3.48 EPS and $2.95bn revenue.
Revenue rose 44% YoY to $3.11bn from $2.16bn, while non‑GAAP gross margin improved to 47.0% from 36.2% last year.
Seagate’s stock jumped 12.4% after‑hours; Q4 guidance projects $5.00±$0.20 EPS and $3.45bn±$100m revenue, topping estimates.
Board declared $0.74 per share dividend, retired $641m debt and returned $191m to shareholders via dividends and buybacks.