The company attributes guidance to improved pricing and ramp-up of its Mozaic 4 technology in fiscal Q1.
Seagate Technology projected September-quarter revenue of $4.1 billion and non-GAAP earnings per share of $7.30, citing stronger pricing and margin expansion. The forecast reflects continued momentum from its Mozaic 4 product ramp, which management highlighted as a key driver of profitability.
The guidance follows a June quarter that outperformed internal expectations, extending a multi-quarter trend of margin improvement. Prior consensus estimates had centered around slightly lower revenue and EPS figures, though exact comparisons were not disclosed. The company’s focus on high-capacity storage solutions has supported pricing power in recent periods.
No immediate market reaction was detailed in the source, though the outlook suggests confidence in demand stability for enterprise and data center segments.