Seagate (STX) Q2 Earnings Beat Estimates, Provides Strong Q3 Guidance

Seagate Technology Holdings plc (STX) reported fiscal second-quarter earnings of $593 million, or $2.60 per share, with adjusted EPS of $3.11 surpassing analyst expectations of $2.83 per share. Revenue reached $2.83 billion, exceeding forecasts of $2.75 billion. The data storage manufacturer anticipates fiscal third-quarter earnings per share between $3.20 and $3.60, with revenue projected in the range of $2.8 billion to $3 billion. The company's performance and forward guidance indicate stronger-than-expected demand in the storage sector.