Seagate Technology Holdings PLC
NASDAQ:STX

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Seagate Technology Holdings PLC Logo
Seagate Technology Holdings PLC
NASDAQ:STX
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Price: 282.86 USD -0.89% Market Closed
Market Cap: 60.2B USD

Seagate Technology Holdings PLC
Investor Relations

In the dynamic landscape of data storage and management, Seagate Technology Holdings PLC stands as a venerable gladiator, deftly maneuvering the shifting sands of technological evolution. Founded in 1979, Seagate has oiled the gears of information technology with its pioneering development and manufacturing of hard disk drives (HDDs). The company carved a niche for itself by combating the complex challenge of data storage with solutions that blend reliability, affordability, and the vital capacity required by a data-driven world. Seagate leverages economies of scale, offering a wide range of storage solutions, from personal computing needs to massive enterprise demands. By aligning their operations with growing data trends, such as cloud storage and data center expansions, Seagate ensures its offerings are not just relevant but indispensable.

The company thrives on an intricate ecosystem of research, development, and marketing that encompasses producing high-performance HDDs, solid-state drives (SSDs), and advanced data storage systems. Picture Seagate's vast supply chain and robust distribution network, seamlessly delivering storage devices across the globe, thereby ensuring that bits and bytes find homes in servers, data centers, and even consumer gadgets. Revenue streams flow from the sale of these devices, licensing of technology, and long-term partnerships with major tech entities constantly hungry for improved storage solutions. Leveraging its vast technical expertise and market reach, Seagate continues to capitalize on the explosive growth in data generation, storing the world's information one drive at a time.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 28, 2025
AI Summary
Q1 2026

Strong Revenue Growth: Seagate reported September quarter revenue of $2.63 billion, up 21% year-over-year and 8% sequentially, driven by robust demand from cloud and enterprise customers.

Record Margins: Gross margin reached a company record of 40.1%, and operating margin climbed to 29%, both above recent history and guidance.

EPS Beat: Non-GAAP EPS was $2.61, exceeding the high end of guidance.

HAMR Rollout: Five global cloud service providers are now qualified on Mozaic HAMR drives, and over 1 million Mozaic drives shipped in the quarter; transition to higher capacity drives is ahead of expectations.

Strong Demand Visibility: High-capacity nearline production is largely committed under build-to-order contracts through calendar 2026, with longer-term agreements providing visibility into 2027.

Dividend Increase: Seagate increased its quarterly dividend by 3% to $0.74 per share, reflecting confidence in long-term cash flow.

Guidance Raised: December quarter revenue is guided to $2.7 billion (plus or minus $100 million), implying a 16% year-over-year increase, and operating margin is expected to expand to around 30%.

Key Financials
Revenue
$2.63 billion
Gross Margin
40.1%
Operating Margin
29%
EPS
$2.61
Data Center Revenue
$2.1 billion
Edge IoT Revenue
$515 million
Exabytes Shipped
182 exabytes
Exabytes to Data Center
159 exabytes
Non-GAAP Gross Profit
$1.1 billion
Non-GAAP Operating Expenses
$291 million
Operating Profit
$763 million
Net Income
$583 million
Capital Expenditures
$105 million
Free Cash Flow
$427 million
Dividend Per Share
$0.74
Share Repurchases
$29 million
Cash & Cash Equivalents
$2.4 billion
Gross Debt
$5 billion
Net Leverage Ratio
1.5x
Adjusted EBITDA
$831 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. William David Mosley Ph.D.
CEO & Director
No Bio Available
Mr. Gianluca Romano
Executive VP & CFO
No Bio Available
Mr. Kian Fatt Chong
Senior Vice President of Global Operations
No Bio Available
Dr. John C. Morris
Senior VP & CTO
No Bio Available
Mr. Ban Seng Teh
Executive VP & Chief Commercial Officer
No Bio Available
Ms. Grace Liu
Senior VP & Chief Information Officer
No Bio Available
Ms. Shanye Hudson
Senior Vice President of Investor Relations & Finance Strategy
No Bio Available
Mr. James C. Lee J.D.
Senior VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Lalitha Suryanarayana
Vice President Corporate Development & Strategy
No Bio Available
Major General Patricia A. Frost
Senior VP and Chief People & Places Officer
No Bio Available

Contacts

Address
DUBLIN
DUBLIN
38/39 Fitzwilliam Square, Dublin 2
Contacts