Seagate Technology Reports Fiscal Third Quarter 2026 Financial Results

About this update from Seagate Technology Holdings Plc

SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal third quarter ended April 3, 2026. “Seagate delivered outstanding March quarter results, exceeding the high end of our revenue and EPS guidance, achieving record margin performance, and generating close to $1 billion in free cash flow,” said Dave Mosley, Seagate’s chair and chief executive officer. “We believe Seagate is entering a new era of structural growth as AI applications amplify data creation and support sustained storage demand. Our areal density-driven product strategy enables us to deliver higher-capacity, energy- and capital-efficient storage at scale. Through disciplined execution, we are strategically positioned to capture these opportunities, and drive profitable growth and long-term value creation,” Mosley concluded. Quarterly Financial Results   GAAP   Non-GAAP   FQ3 2026   FQ3 2025   FQ3 2026   FQ3 2025 Revenue ($M) $ 3,112     $ 2,160     $ 3,112     $ 2,160   Gross Margin 46.5 % 35.2 % 47.0 % 36.2 % Operating Margin 32.1 % 20.0 %     37.5 %     23.5 % Net Income ($M) $ 748     $ 340     $ 934     $ 407   Diluted Earnings Per Share $ 3.27     $ 1.57     $ 4.10     $ 1.90   Expand For definitions and a detailed reconciliation of GAAP to non-GAAP results, see accompanying financial tables. During the fiscal third quarter, the Company generated $1.1 billion in cash flow from operations and $953 million in free cash flow. Seagate’s balance sheet remains healthy, and during the fiscal third quarter, the Company retired approximately $641 million in debt and returned $191 million to shareholders through dividends and share repurchases. As of the end of the quarter, cash and cash equivalents totaled $1.1 billion, and there were 224 million ordinary shares issued and outstanding. Seagate has issued a Supplemental Financial Information document, which is available on Seagate’s Investor Relations website at investors.seagate.com. 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...

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