| Metric | Value ($ M) | vs Q3 FY26 |
|---|---|---|
| Revenue | 3.1K | 10.2% |
| Total Income | 3.1K | 10.2% |
| Expenditure | 2.1K | 6.7% |
| PBT | 864.00 | 22.2% |
| Net Profit | 748.00 | 26.1% |
| OPM | 32.07% | 2.23pp |
| NPM | 24.04% | 3.05pp |
| EPS | 3.38 | 22.9% |
Seagate Reports FY26 Results: Revenue $12.2B, Free Cash Flow $3.1B
29 Jul 2026 · 29 Jul, 1:42 am
Summary
Seagate Technology Holdings plc reported strong financial results for fiscal year 2026, with revenue reaching $12.2 billion, up from $9.1 billion in the prior year. The company highlighted record profitability and a record $3.1 billion in free cash flow for the fiscal year, driven by robust cloud data center demand and disciplined execution. The fiscal fourth quarter saw revenue of $3.6 billion with healthy gross margins. Management expressed confidence in continued momentum into fiscal year 2027, citing durable long-term demand for mass capacity storage fueled by AI.
Key Highlights
- 1
Seagate reported fiscal year 2026 revenue of $12.2 billion, a significant increase from $9.1 billion in the prior year.
- 2
The company achieved record profitability in fiscal year 2026, driven by robust cloud data center demand and disciplined execution.
- 3
Fiscal fourth quarter revenue reached $3.6 billion, with GAAP gross margin at 52.3% and non-GAAP gross margin at 52.7%.
- 4
For fiscal year 2026, Seagate generated a record $3.1 billion in free cash flow.
- 5
The company returned $810 million to shareholders through dividends and share repurchases in fiscal year 2026.
- 6
Seagate strengthened its balance sheet by reducing overall debt by $1.4 billion during fiscal year 2026.
Management Comments
Dave Mosley
Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability, and generated a record $3.1 billion in free cash flow. Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027. As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage. Seagate is well positioned to address strengthening exabyte demand through our Mozaic platform and differentiated HAMR technology roadmap, enabling customers to scale efficiently while supporting our ability to drive profitable growth and value creation.
Informational and educational content only. Not investment advice.