Quarterly ResultApr 28, 2026, 04:18 PM
STX Q3 Revenue $3.11B, Non-GAAP EPS $4.10; Declares $0.74 Dividend
AI Summary
Seagate Technology Holdings plc reported strong fiscal third quarter 2026 financial results, exceeding revenue and EPS guidance. The company achieved $3.11 billion in revenue and non-GAAP diluted EPS of $4.10, alongside record margin performance and significant free cash flow generation. Seagate also declared a quarterly cash dividend of $0.74 per share, payable on July 7, 2026.
Key Highlights
- Revenue of $3.11 billion, up from $2.16 billion in FQ3 2025 (+44.1% YoY).
- Non-GAAP diluted EPS of $4.10, up from $1.90 in FQ3 2025 (+115.8% YoY).
- Non-GAAP gross margin of 47.0%, significantly up from 36.2% in FQ3 2025.
- Generated $1.1 billion in cash flow from operations and $953 million in free cash flow.
- Retired $641 million in debt and returned $191 million to shareholders.
- Declared a quarterly cash dividend of $0.74 per share, payable July 7, 2026.
- Cash and cash equivalents totaled $1.1 billion at quarter-end.