Seagate Technology Holdings Plc · NASDAQ:STX

Seagate Technology — Q3 2026 Earnings Presentation

12 slides from Seagate Technology's earnings presentation, Apr 28, 2026

  1. Slide 1: Seagate Technology Reports Fiscal Third Quarter 2026 Financial Results

    Investor Relations Contact: Shanye Hudson, (510) 661-1600 shanye.hudson@seagate.com Media Contact: Karin Taylor, (408) 772-8279 karin.h.taylor@seagate.com SEAGATE TECHNOLOGY REPORTS FISCAL THIRD QUARTER 2026 FINANCIAL RESULTS Fiscal Q3 2026 Highlights ▪ Revenue of $3.11 billion ▪ GAAP gross margin o

  2. Slide 2: Quarterly Cash Dividend and Business Outlook

    Quarterly Cash Dividend The Board of Directors of the Company (the “Board”) declared a quarterly cash dividend of $0.74 per share, which will be payable on July 7, 2026 to shareholders of record as of the close of business on June 24, 2026. The payment of any future quarterly dividends will be at th

  3. Slide 3: Cautionary Note Regarding Forward-Looking Statements

    Cautionary Note Regarding Forward-Looking Statements This press release and our other communications regarding our quarterly financial results contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current ex

  4. Slide 4: Condensed Consolidated Balance Sheets

    SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) April 3, 2026 June 27, 2025 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,146 $ 891 Accounts receivable, net 1,197 959 Inventories, net 1,530 1,440 Other current assets 426 363 Total current assets

  5. Slide 5: Condensed Consolidated Statements of Operations

    SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) For the Three Months Ended For the Nine Months Ended April 3, 2026 March 28, 2025 April 3, 2026 March 28, 2025 Revenue $ 3,112 $ 2,160 $ 8,566 $ 6,653 Cost of revenue 1,66

  6. Slide 6: Condensed Consolidated Statements of Cash Flows

    SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) For the Nine Months Ended April 3, 2026 March 28, 2025 OPERATING ACTIVITIES Net income $ 1,890 $ 981 Adjustments to reconcile net income to net cash provided by operating activities: Depreciatio

  7. Slide 7: Use of non-GAAP financial information

    Use of non-GAAP financial information The Company uses non-GAAP measures of gross profit, gross margin, operating expenses, income from operations, operating margin, net income, diluted EPS, free cash flow, EBITDA, adjusted EBITDA and last twelve months adjusted EBITDA, which are adjusted from resul

  8. Slide 8: Reconciliations of GAAP to Non-GAAP Measures

    SEAGATE TECHNOLOGY HOLDINGS PLC RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts, gross margin and operating margin) (Unaudited) For the Three Months Ended For the Nine Months Ended April 3, 2026 March 28, 2025 April 3, 2026 March 28, 2025 GAAP Gross Profit $ 1,447

  9. Slide 9: Reconciliations of GAAP to Non-GAAP Measures

    SEAGATE TECHNOLOGY HOLDINGS PLC RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts, gross margin and operating margin) (Unaudited) For the Three Months Ended For the Nine Months Ended April 3, 2026 March 28, 2025 April 3, 2026 March 28, 2025 GAAP Net Income $ 748 $ 3

  10. Slide 10: Reconciliations of GAAP to Non-GAAP Measures

    SEAGATE TECHNOLOGY HOLDINGS PLC RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (In millions) (Unaudited) For the Three Months Ended April 3, January 2, October 3, June 27, Last Twelve 2026 2026 2025 2025 Months GAAP Net Income $ 748 $ 593 $ 549 $ 488 $ 2,378 Depreciation and amortization 66 68 72 61 2

  11. Slide 11: The Company's Non-GAAP measures are adjusted for the following items

    The Company’s Non-GAAP measures are adjusted for the following items: Acquisition-related charges Acquisition-related charges are primarily related to transaction and integration costs. These expenses are excluded in the non- GAAP measures due to the inconsistency in amount and frequency, and they a

  12. Slide 12: Other charges

    Other charges The other charges primarily include IT transformation costs. These charges are inconsistent in amount and frequency and are excluded to provide a supplemental view to investors to evaluate the Company's current operating performance compared to past periods’ operating performance. Inco

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