NASDAQ$STX

Seagate Technology PLC · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Seagate reported fiscal Q1 2026 revenue of $2.63B with net income of $549M and diluted EPS of $2.43.

First-quarter revenue was $2.63 billion with net income of $549 million and diluted EPS of $2.43 as mass-capacity cloud storage demand remained robust. The company cited improving nearline HDD shipments and ongoing cost productivity.

  • Fiscal Q1 revenue $2.63B; net income $549M.
  • Diluted EPS $2.43; cloud nearline demand drives mix.
  • Mass-capacity exabyte shipments support revenue growth.
  • Cyclical NAND/SSD dynamics can affect customer inventory.

Headline financials

Total Revenue

$2.63B

Previous: $2.17B+21.3%
EPS (adj)

$2.43

Previous: $1.41+72.3%
GAAP Gross Margin

39.4%

Previous: 32.9%+19.8%
Non-GAAP Gross Margin

40.1%

Previous: 33.3%+20.4%
GAAP Operating Margin

26.4%

Previous: 18.6%+41.9%
Non-GAAP Operating Margin

29.0%

Previous: 20.4%+42.2%
Dividend per Share

$0.72

Previous: $0.70+2.9%
Capital Expenditures

-$105M

Previous: -$68M-54.4%
Free Cash Flow

$444M

Previous: $237M+87.3%
Net Income

$549M

Previous: $305M+80.0%
Operating Income

$694M

Previous: $403M+72.2%
Gross Profit

$1.04B

Previous: $714M+45.2%
Cash & Equivalents

$1.11B

Previous: $1.24B-10.3%
Total Assets

$8.44B

Previous: $7.97B+5.9%

Revenue & EPS history

Seagate · Revenue · Quarterly

$2.63B

Q1 2026+21.3%vs Q1 2025
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The release discusses Seagate Technology's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management discussed operating priorities and capital allocation for upcoming quarters.
  • Seagate Technology cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.1%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+6.4%

Avg return

30 days after

52%

35 / 67 earnings

Positive

+22.0%

Q2 2026

Best reaction

-23.9%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-3.4%+27.5%+52.1%
Q2 2026+22.0%+16.5%+9.7%
Q1 2026+19.1%+19.1%+24.1%
Q3 2025+11.6%+14.7%+44.5%
Q2 2025+10.8%+10.8%+5.1%
Q1 2025-7.9%-8.4%-11.1%
Q4 2024+3.2%-2.4%-2.8%
Q3 2024+2.3%+1.0%+9.7%
Q2 2024+2.0%-0.7%-1.4%
Q1 2024+1.6%+1.7%+13.4%
Q4 2023+6.7%+9.0%+10.6%
Q3 2023-10.2%-10.8%-1.0%
Q2 2023+10.9%+7.3%+6.2%
Q1 2023-10.4%-14.4%-5.7%
Q4 2022-6.4%-7.4%-2.6%
Q3 2022+3.7%+4.1%+11.3%
Q2 2022+9.4%+13.1%+10.7%
Q1 2022+8.4%+7.0%+22.5%
Q4 2021-2.7%+0.9%+4.6%
Q3 2021+6.3%+12.3%+12.0%
Q2 2021-2.3%+5.6%+19.1%
Q1 2021-1.8%-6.1%+7.6%
Q4 2020-10.6%-8.8%-8.1%
Q3 2020-3.7%-1.4%+2.5%
Q2 2020-5.6%-6.6%-13.3%
Q1 2020+0.1%-0.3%+2.8%
Q4 2019-3.9%-3.6%+8.5%
Q3 2019+7.5%+10.4%-2.3%
Q2 2019-0.3%-0.5%+2.2%
Q1 2019+4.6%+6.6%+0.3%
Q4 2018-3.8%-1.5%+2.4%
Q3 2018-5.5%-3.8%-2.7%
Q2 2018+0.1%-5.8%-2.8%
Q1 2018+11.2%+5.6%+15.4%
Q4 2017-18.7%-18.0%-22.0%
Q3 2017-16.3%-16.5%-15.8%
Q2 2017+17.3%+22.4%+30.3%
Q1 2017-1.0%-2.3%+11.2%
Q4 2016-5.2%-0.9%+3.9%
Q3 2016-23.9%
Q2 2016+13.6%
Q1 2016+2.2%
Q4 2015+0.3%
Q3 2015+5.7%
Q2 2015-10.8%
Q1 2015+1.9%
Q4 2014-4.1%
Q3 2014-0.0%
Q2 2014-12.0%
Q1 2014-3.1%
Q4 2013-6.6%
Q3 2013+8.0%
Q2 2013-9.0%
Q1 2013+1.1%
Q4 2012+0.0%
Q3 2012+7.8%
Q2 2012+21.8%
Q1 2012-11.4%
Q4 2009-12.9%
Q4 2011-12.9%
Q3 2011-1.3%
Q3 2010-1.3%
Q2 2011+0.5%
Q2 2010+0.5%
Q4 2010+0.9%
Q1 2011+0.9%
Q1 2010+0.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro