Revenue Growth
STX achieved a 21.5% year-over-year increase in revenue, reaching $2.825 billion, primarily due to strong demand in key markets.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
STX reported strong financial performance in Q2 FY2026, with significant growth in revenue and net income driven by improved operating efficiency and reduced liabilities.
Revenue
$2.83B
+21.51% YoY
EPS (Diluted)
$2.60
+67.74% YoY
Operating Income
$843M
+72.75% YoY
Source: SEC XBRL
Seagate Technology Holdings (STX) reported Q2 FY2026 revenue of $2.83B, up 21.5% year over year. Operating margin was 29.8%, up 8.8 points from 21.0% a year earlier. STX's fiscal Q2 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 5.71 | 5.14 | Beat +11.1% |
| Mar 2026 | 4.10 | 3.54 | Beat +15.7% |
| Dec 2025This filing | 3.11 | 2.84 | Beat +9.4% |
| Sep 2025 | 2.61 | 2.40 | Beat +8.9% |
Adjusted (non-GAAP) EPS of $3.11 versus the $2.84 analyst consensus — a +9.4% beat for Dec 2025. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $2.60.
Compiled by AI from this SEC filing
STX achieved a 21.5% year-over-year increase in revenue, reaching $2.825 billion, primarily due to strong demand in key markets.
Source: 10-Q Income Statement
Operating income rose by 72.7% to $843 million, reflecting improved cost management and operational efficiency.
Source: 10-Q Income Statement
The company significantly reduced its long-term debt by 32.7%, enhancing its financial stability.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
STX's debt to equity ratio is 17.97, indicating high leverage which could pose financial risks if market conditions worsen.
Source: 10-Q Key Ratios
Despite strong operating cash flow, the company experienced a significant decrease in cash and equivalents by 15.5%, which could affect liquidity.
Source: 10-Q Balance Sheet
Current liabilities increased by 26.7%, which may pressure short-term financial obligations.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.83 $B | 2.33 $B | +21.51% |
Cost of Revenue $B | 1.65 $B | 1.51 $B | +8.99% |
Operating Income $M | 843.00 $M | 488.00 $M | +72.75% |
Net Income $M | 593.00 $M | 336.00 $M | +76.49% |
EPS (Basic) $ | 2.75 $ | 1.58 $ | +74.05% |
EPS (Diluted) $ | 2.60 $ | 1.55 $ | +67.74% |
R&D Expense $M | 187.00 $M | 184.00 $M | +1.63% |
SG&A Expense $M | 143.00 $M | 139.00 $M | +2.88% |
Answers draw on this SEC filing and the data on this page
STX reported strong financial performance in Q3 FY2026 with significant increases in revenue and net income, driven by operational efficiencies and cost management.
Seagate's fiscal 2026 results surged on a 40% jump in nearline exabyte shipments and strong pricing discipline, though macroeconomic and trade uncertainties persist.
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