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Seagate Technology Holdings (STX) Q4 FY2026 earnings: revenue $3.6 billion, up 48.5% on the year

Seagate Technology Holdings plc (STX) reported revenue of $3.6 billion for Q4 FY2026, the quarter ended 3 July 2026, up 48.5% on the same quarter a year earlier. Net income was $1.3 billion, up 165.2% on the year, and diluted earnings per share $5.58. The figures are the company's own, from the 10-K it filed with the SEC on 4 August 2026.

Revenue
$3.6 billion
+48.5% on the year · +16.6% on the quarter
Q1 FY2025Q4 FY2026
Operating margin
43.0%
23.2% a year earlier
Q1 FY2025Q4 FY2026
Net income
$1.3 billion
+165.2% on the year · +73.0% on the quarter
Q1 FY2025Q4 FY2026
Diluted EPS
$5.58
+149.1% on the year · +70.6% on the quarter
Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 2 new.

  • Q4 revenue and gross margin: Fiscal Q4 revenue was $3.6 billion, against $2.4 billion a year earlier. GAAP gross margin was 52.3% and non-GAAP 52.7%, against 37.4% and 37.9% a year earlier.
  • Q4 earnings per share rose: GAAP diluted EPS was $5.58 against $2.24 a year earlier; non-GAAP diluted EPS was $5.71 against $2.59 a year earlier.
  • Operating margin rose year on year: Fiscal Q4 GAAP operating margin was 43.0% against 23.2%, and non-GAAP 44.6% against 26.2%. For fiscal 2026, GAAP was 33.6% against 20.8% and non-GAAP 36.5% against 23.4%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ4 FY2026Q3 FY2026Q4 FY2025On the quarterOn the yearLast 8 quarters
Revenue3,6293,1122,444+16.6%+48.5%
Cost of revenue1,7311,6651,530+4.0%+13.1%
Gross profit1,8981,447914+31.2%+107.7%
Gross margin52.3%46.5%37.4%
Research and development188194179-3.1%+5.0%
Selling, general and administrative147143154+2.8%-4.5%
Operating income1,559998568+56.2%+174.5%
Operating margin43.0%32.1%23.2%
Interest expense64.068.075.0-5.9%-14.7%
Pre-tax income1,505864492+74.2%+205.9%
Income tax2111164.0+81.9%+5,175.0%
Effective tax rate14.0%13.4%0.8%
Net income1,294748488+73.0%+165.2%
Net margin35.7%24.0%20.0%
Diluted EPS$5.58$3.27$2.24+70.6%+149.1%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2026Q3 FY2026Q4 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow1,3051,114508+17.1%+156.9%
Capital expenditure18716183.0+16.1%+125.3%
Free cash flow1,118953425+17.3%+163.1%
Free cash flow margin30.8%30.6%17.4%
Cash from investing-156-163-130
Cash from financing-591-852-301
Depreciation and amortisation70.066.061.0+6.1%+14.8%
Share-based compensation54.054.059.00.0%-8.5%
Buybacks11730.00.0+290.0%
Dividends paid166161153+3.1%+8.5%
Dividend per sharen/a$0.74n/a
Diluted shares, weighted232m229m218m+1.3%+6.4%
Shares outstanding at period end227m224m213m+1.1%+6.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2026Q3 FY2026Q4 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity2,1671,095-453+97.9%
Debt3,6033,9055,046-7.7%-28.6%
Operating lease liabilities293315317-7.0%-7.6%
Other liabilities3,9093,5773,113+9.3%+25.6%
Total liabilities and equity9,9728,8928,023+12.1%+24.3%
Fixed assets2,0341,8521,657+9.8%+22.8%
Goodwill1,2211,2211,2210.0%0.0%
Cash and equivalents1,7041,146891+48.7%+91.2%
Receivables1,5341,197959+28.2%+60.0%
Inventory1,5711,5301,440+2.7%+9.1%
Other assets1,9081,9461,855-2.0%+2.9%
Total assets9,9728,8928,023+12.1%+24.3%

Questions

What was Seagate Technology Holdings' revenue in Q4 FY2026?

Seagate Technology Holdings (STX) reported revenue of $3.6 billion for Q4 FY2026, the quarter ended 3 July 2026, up 48.5% on the same quarter a year earlier.

How much did Seagate Technology Holdings earn in Q4 FY2026?

Net income for Q4 FY2026 was $1.3 billion, up 165.2% on the year, and diluted earnings per share $5.58.

When did Seagate Technology Holdings report Q4 FY2026 results?

Seagate Technology Holdings filed its 10-K for the year that ended with the quarter on 4 August 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue3,1162,8022,6282,0351,8871,8601,6021,4541,5551,6551,8872,1682,3252,1602,4442,6292,8253,1123,6294,233
Cost of revenue2,1681,9961,8691,5531,6411,5411,2981,3051,1931,2301,2871,4541,5131,4001,5301,5921,6491,6651,7311,806
Gross profit9488067594822463193041493624256007148127609141,0371,1761,4471,8982,427
Gross margin30%29%29%24%13%17%19%10%23%26%32%33%35%35%37%39%42%46%52%57%
R&D228233247234200191172171161164158181184180179186187194188200
SG&A136141149129125123114105108116131129139139154144143143147159
Operating income580429360107-160-31526.0-1291241433144034884315686948439981,5592,064
Operating margin19%15%14%5%-8%-17%2%-9%8%9%17%19%21%20%23%26%30%32%43%49%
Interest expense62.063.065.071.077.081.084.084.084.082.082.085.084.077.075.080.072.068.064.041.0
Pre-tax income51435128127.0-38.0-400-85.0-147-4.058.05383163503554926147078641,5051,982
Tax rate3%1%2%-7%n/an/an/an/an/a57%5%3%4%4%1%11%16%13%14%11%
Net income50134627629.0-33.0-433-92.0-184-19.025.05133053363404885495937481,2941,761
Net margin16%12%11%1%-2%-23%-6%-13%-1%2%27%14%14%16%20%21%21%24%36%42%
Diluted EPS$2.23$1.56$1.29$0.14-$0.16-$2.09-$0.44-$0.88-$0.09$0.12$2.39$1.41$1.55$1.57$2.24$2.43$2.60$3.27$5.58$7.59
Operating cash flow52146018024525122821812716918843495.02212595085327231,1141,3051,690
Capital expenditure95.097.072.013379.054.050.070.070.060.054.068.071.043.083.0105116161187211
Free cash flow42636310811217217416857.099.012838027.01502164254276079531,1181,479
Buybacks4714174864080.00.00.00.00.00.00.00.00.00.00.029.00.030.0117400
Dividends paid151154152147145145145145146147147147148152153153154161166168
Shares outstanding219m216m210m206m206m207m207m209m210m210m210m211m212m212m213m214m218m224m227m230m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 3 July 2026, filed 4 August 2026: the filing.