Seagate reported fiscal fourth-quarter revenue of $3.6 billion, adjusted EPS of $5.71 and a 52.7% non-GAAP gross margin, giving the battered storage group its freshest strong results.
Management guided for about $4.1 billion in fiscal first-quarter revenue and roughly $7.30 in adjusted EPS after saying in April that nearly all data-center drive capacity was already committed through 2027.
The numbers arrived after Seagate shares had already fallen 8.5% in Tuesday's broader memory-stock sell-off, even as full-year revenue rose 34% to $12.2 billion and free cash flow hit a record $3.1 billion.
That disconnect has sharpened the contrast inside the sector: Seagate and Micron are presented as better-positioned AI infrastructure plays, while Sandisk and Western Digital face heavier dependence on pricing swings or less comparable earnings quality.