Seagate Technology Holdings PLC Ordinary Shares (Ireland)
STX · Nasdaq
Next quarter
Expected to report Oct 27, 2026 — estimated from last year’s reporting date.
Consensus is $7.11 EPS for Sep 2026 across 3 estimates, ranging $6.98 to $7.27.
STX Jun 2026
- 12.07%
- +2.29%
- $4.89
- $5.48
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Highlights
- Q4 FY2026 revenue was $3.11 billion, compared with $2.83 billion in Q3 FY2026 and $2.16 billion in Q3 FY2025; no consensus figures were available.
- Q4 FY2026 net income was $0.75 billion, versus $0.59 billion in Q3 FY2026, $0.55 billion in Q2 FY2026 and $0.34 billion in Q3 FY2025.
- The Data Center portfolio includes hard disk drives with capacity up to 44TB and storage systems with capacity up to 3.5PB.
- The Edge IoT portfolio includes storage products ranging from 1TB to 32TB for industrial, commercial and consumer applications.
- No quarterly segment revenue, margin, capex or forward guidance ranges were provided in the supplied material.
Analysis
There is no consensus on file, so the quarter cannot be judged against an external earnings expectation. The supplied reported figures show Q4 FY2026 revenue of $3.11 billion and net income of $0.75 billion, both higher than Q3 FY2026 revenue of $2.83 billion and net income of $0.59 billion. Revenue also increased from $2.16 billion in Q3 FY2025, while net income rose from $0.34 billion. The material does not state a quarterly revenue growth rate, segment revenue, gross margin, operating margin or the reasons for the sequential improvement, so it is not possible to identify which business carried results or whether margins expanded or contracted. Seagate identifies Data Center and Edge IoT as its two principal end markets, with Data Center serving cloud and enterprise customers and Edge IoT serving industrial and consumer applications, but provides no period-specific performance split for either segment.
Guidance
No forward guidance ranges were provided in the supplied material. The filing discusses expectations concerning market demand, technology transitions, cost-saving plans, debt servicing, free cash flow, capital expenditures and dividends, but it does not give revenue, earnings, margin or capex targets for the next quarter or fiscal year. It also identifies macroeconomic headwinds and customer inventory adjustments as factors that could affect future results. Accordingly, there is no stated prior guide to compare with the current outlook, and no management assumptions supporting a numerical forecast are available here.
What drove it
- Data Center — The portfolio includes hard disk drives up to 44TB and storage systems up to 3.5PB for hyperscale, cloud and enterprise workloads.
- Edge IoT — Edge IoT products range from 1TB to 32TB and address industrial, commercial and consumer storage applications.
- Quarterly Revenue — Revenue rose from $2.83 billion in Q3 FY2026 to $3.11 billion in Q4 FY2026.
- Net Income — Net income increased from $0.59 billion in Q3 FY2026 to $0.75 billion in Q4 FY2026.
- Storage Demand — IDC expects the global datasphere to grow at approximately 27% annually through 2030 and reach around 718 zettabytes annually.
Watch items
- The filing specifically identifies macroeconomic headwinds and customer inventory adjustments as factors that could materially affect operations and future results.
- Major customers purchase under forecasts and purchase orders, and certain high-capacity nearline-drive commitments can be subject to cancellations, creating demand and supply-planning exposure.
- The company serves major OEM and hyperscale customers, and the filing includes customer-concentration disclosures, indicating exposure to dependence on significant accounts.
- No quarterly margin or capex data was supplied, limiting visibility into cost pressure, investment requirements and the quality of the reported earnings improvement.
