Seagate reports Q4 EPS $2.59, consensus $2.44

Reports Q4 revenue $2.44B, consensus $2.42B. “Seagate’s (STX) strong FQ4 performance underscores our commitment to profitable growth, marked by a 30% year-over-year revenue increase, record gross margin, and non-GAAP EPS expanding to the top of our guidance range. These achievements reflect the structural enhancements we’ve implemented in our business and ongoing demand strength from cloud customers for our high-capacity drives,” said Dave Mosley, Seagate’s chief executive officer.