Seagate Technology Holdings plc reported September 2026 quarter revenue of approximately $4.2 billion, gross margin of 57.3% and net income of $1.8 billion, as strengthened data center demand lifted nearline shipments and debt principal fell $1.2 billion.
STX · Seagate Technology Holdings plc
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At its October 24, 2026 AGM, Seagate Technology Holdings plc elected nine directors to serve until the 2027 annual general meeting and approved executive compensation, Ernst & Young LLP as independent auditors for the fiscal year ending July 2, 2027, and share-related proposals.
Seagate reported September-quarter revenue of $4.2 billion, up 61% year-over-year, and non-GAAP EPS of $7.68. It guided December-quarter revenue to $4.8 billion, plus or minus $100 million, and non-GAAP EPS to $9.20 plus or minus 20 cents.
Seagate Technology Holdings plc reported fiscal Q1 2027 revenue of $4.2 billion, GAAP diluted EPS of $7.59 and free cash flow of $1.5 billion. The board declared a $0.76 quarterly dividend payable January 7, 2027.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q1 FY27 earnings call · Oct 27, 2026TL;DR. Seagate exceeded guidance with September-quarter revenue of $4.2 billion, record non-GAAP gross and operating margins of 57.8% and 50.7%, non-GAAP EPS of $7.68, and record free cash flow of $1.5 billion. December-quarter guidance calls for $4.8 billion of revenue and $9.20 of non-GAAP EPS, while management expects fiscal 2027 revenue growth to meaningfully outpace fiscal 2026 amid sustained data-center demand, long-term supply visibility, and increased shareholder returns.
- + December-quarter guidance calls for $4.8 billion of revenue, non-GAAP EPS of $9.20, and operating margin toward the mid-50% range. new
- + Management expects fiscal 2027 revenue growth to meaningfully outpace fiscal 2026 and anticipates further gross-margin expansion during the year. new
- − Higher externally sourced component costs partially offset internal cost reductions. new
- − Product transitions can create scrap, manufacturing losses, lower yields, and temporary lost capacity. new
- − Quarterly exabyte growth may vary as Seagate stages new Mosaic generations and ships to a broader customer base. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company-
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The $60B FQ4 backlog is the cleanest demand signal in AI servers, but the lifted 15–17% gross-margin guide against a 10.1% Q3 FY2026 print, an active export-control board review, and 16.2% short interest leave the bear case as the heavier of the two trades heading into the August 11 print.
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Research ThesisSandisk's $42 billion contract floor has bought the bull case three times trailing revenue; the bear trades it for the multiple
Sandisk re-rated on one quarter of contracted datacenter revenue: three fiscal Q3 contracts carry roughly $42 billion of minimum contractual revenue, five multi-year deals are backed by over $11 billion of guarantees, and the stock still sits 45.3% off its $2,335 52-week high at 14.1× EV/Revenue, the cheapest of the three storage names on that multiple.
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| HDD Exabytes Shipped (Total) | 789 | fiscal year 2026 filing | — |
| Nearline | 695 | fiscal year 2026 filing | — |
| Non-nearline | 94 | fiscal year 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Computer Hardware — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
STX
this stock
Seagate Technology Holdings plc
|
$107.98B | +69.4% | -36.7% | 24.7 | 3.4% |
|
DELL
Dell Technologies Inc.
|
$236.75B | +151.8% | +18.8% | 21.7 | 1.9% |
|
ANET
Arista Networks, Inc.
|
$201.08B | +21.5% | +28.6% | 42.9 | 1.0% |
|
SNDK
Sandisk Corp
|
$121.25B | +239.7% | +175.3% | 6.8 | 3.3% |
|
WDC
Western Digital Corp
|
$100.18B | +55.4% | +35.7% | 10.4 | 5.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 24
Seagate Technology Holdings plc reported September 2026 quarter revenue of approximately $4.2 billion, gross margin of 57.3% and net income of $1.8 billion, as strengthened data center demand lifted nearline shipments and debt principal fell $1.2 billion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| STX | -33.4% | -39.8% | -41.4% | -27.6% | +69.4% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | -28.7% | -34.5% | -40.5% | -24.6% | +61.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.