Seagate Technology Holdings Plc · NASDAQ:STX
Seagate Technology — Q4 2026 Earnings Presentation
14 slides from Seagate Technology's earnings presentation, Jul 28, 2026
Slide 1: Supplemental Financial Information Q4FY26
SUPPLEMENTAL FINANCIAL INFORMATION Q4FY26 JULY 28, 2026
Slide 2: Safe Harbor Statement and Use of Non-GAAP Financial Information
Safe Harbor Statement and Use of Non-GAAP Financial Information This document and our other communications regarding our quarterly financial results contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide curre
Slide 3: Financial Highlights
Financial Highlights Delivered record Q4FY26 profitability underpinned by sustained data center demand and strong execution Revenue Record Gross Margin1 Record Operating Margin1 Record EPS1 $3.6B 52.7% 44.6% $5.71 Q4: +48% YoY | Above guidance Q4: +570 bps QoQ | +1,480 bps YoY Q4: +710 bps QoQ | +1,
Slide 4: Markets and Technology Highlights
Markets and Technology Highlights • Hard drive exabyte shipments of 218EB, up 34% YoY; ~90% shipped into Data Center markets • Nearline exabyte supply largely allocated into CY28, with customers extending planning horizons into CY29 and beyond • Data Center revenue of $2.9B, up 57% YoY, reflecting s
Slide 5: Quarterly Financial Trends
Quarterly Financial Trends Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 QoQ YoY Results (non-GAAP)1 Revenue ($M) 2,444 2,629 2,825 3,112 3,629 17% 48% Gross Margin % 37.9% 40.1% 42.2% 47.0% 52.7% 5.7 ppt 14.8 ppt Operating Expenses ($M) 286 291 290 296 293 -1% 2% Operating Margin % 26.2% 29.0% 31.9% 37.5% 44.
Slide 6: Quarterly Financial Trends Continued
Quarterly Financial Trends Continued Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 QoQ YoY Revenue by End Market ($M) 2,444 2,629 2,825 3,112 3,629 17% 48% Data Center1 1,863 2,114 2,224 2,500 2,933 17% 57% As a % of total revenue 76% 80% 79% 80% 81% 1 ppt 5 ppt Edge IoT1 581 515 601 612 697 14% 20% As a % of
Slide 7: Guidance Q1FY27
Guidance Q1FY27 Q1FY27 Revenue $4.1 billion ± $100 million Operating Margin1 (non-GAAP) Approximately 50% of revenue Diluted Earnings Per Share1,2 (non-GAAP) $7.30 ± $0.20 At the mid point of the guidance3: o Operating Expense (non-GAAP) expected to be ~$300 million o Tax Expense (non-GAAP) expected
Slide 8: Debt Capital Structure
Debt Capital Structure o $3.0B Liquidity1, $1.7B cash, $1.3B revolving credit facility o $3.6B Debt2, weighted average interest rate of 6.8%, weighted average maturity of ~5 years o Reduced gross debt by $1.4B in FY26, extinguished $1B in high yield senior notes in July and planning to retire the ba
Slide 9: We Build Value in a Data-Driven World
We Build Value in a Data-Driven World Scaling AI Inference with Multi-tier Tech Disruptors Podcast with Storage Bloomberg Agentic AI boosts volume and strains KV Seagate has become a critical enabler of cache. Hybrid SSD-HDD tiers preserve hyperscale and AI-driven data infrastructure. context, cut r
Slide 10: Reconciliation Tables
Reconciliation Tables Seagate | 10
Slide 11: Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit
Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit ($M) Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 GAAP Gross Profit $ 914 $ 1,037 $ 1,176 $ 1,447 $ 1,898 $ 5,558 Amortization of acquired intangible assets — 3 2 2 1 8 Purchase order cancellation fees (5) — — — — — Restructuring and other, net
Slide 12: Reconciliation of GAAP Net Income to Non-GAAP Net Income
Reconciliation of GAAP Net Income to Non-GAAP Net Income ($M) Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 GAAP Net Income $ 488 $ 549 $ 593 $ 748 $ 1,294 $ 3,184 Acquisition-related charges 2 1 — — — 1 Amortization of acquired intangible assets — 3 2 2 1 8 Legal settlement — — — 105 — 105 Net (gain) los
Slide 13: Reconciliation of Operating Cash Flow to Free Cash Flow and EBITDA
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow ($M) Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 Net Cash Provided by Operating Activities $ 508 $ 532 $ 723 $ 1,114 $ 1,305 $ 3,674 Acquisition of property, equipment and leasehold improvements (83) (105) (116) (161) (187) (5
Slide 14: www.seagate.com
OQ) seacate www.seagate.com
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