Earnings call briefFiscal first-quarter 2027
Seagate Technology Holdings expects to raise buybacks from calendar 2027
Seagate Technology Holdings said it expects December-quarter non-GAAP operating margin towards the mid-50% range, based on the revenue guidance midpoint.
GetSignal Seagate Technology Holdings STX
Seagate Technology Holdings said on its fiscal first-quarter call that it expects to significantly increase share repurchases starting calendar 2027. Chair and Chief Executive Officer William Mosley said the company's model is to return 75% of free cash flow to shareholders, and that it should get back to that model over some period of time.
Quotes from the call
“We exited the September quarter with $4.4 billion remaining on our existing share repurchase authorization and expect to significantly increase share repurchases starting calendar 2027.”
Key facts from the call
- Expected share repurchase step-up
- Significant increase, starting calendar 2027
- December-quarter non-GAAP operating margin outlook
- Towards the mid-50% range, based on revenue guidance midpoint
- Free cash flow return model
- 75%
Source: Seagate Technology Holdings' fiscal first-quarter 2027 earnings call, October 27, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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