44.1%$3.112
Revenue Growth
STX achieved a 44.1% year-over-year increase in revenue, reaching $3.112 billion, primarily driven by increased demand for its products.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
STX reported strong financial performance in Q3 FY2026 with significant increases in revenue and net income, driven by operational efficiencies and cost management.
Revenue
$3.11B
++44.07% YoY
EPS (Basic)
$3.38
++111.25% YoY
Operating Income
$998M
++131.55% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
STX achieved a 44.1% year-over-year increase in revenue, reaching $3.112 billion, primarily driven by increased demand for its products.
Source: Source: 10-Q Income Statement, p.1
Operating income surged by 131.6% to $998 million, reflecting improved operational efficiencies and cost management.
Source: Source: 10-Q Income Statement, p.1
Operating cash flow increased by 312% year-to-date, indicating strong cash generation capabilities.
Source: Source: 10-Q Cash Flow Statement, p.1
STX's debt to equity ratio is 7.12, indicating high leverage which could pose risks if interest rates rise or cash flows decrease.
Source: Source: 10-Q Key Ratios, p.1
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Upgrade to unlockReported EPS of $4.10 versus the $3.54 analyst consensus — a +15.7% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $3.11B | $2.16B | +44.07% |
Cost of Revenue | $1.67B | $1.4B | +18.93% |
Operating Income | $998M | $431M | +131.55% |
Net Income | $748M | $340M | +120.00% |
EPS (Basic) | $3.38 | $1.60 | +111.25% |
EPS (Diluted) | $3.27 | $1.57 | +108.28% |
R&D Expense | $194M | $180M | +7.78% |
SG&A Expense | $143M | $139M | +2.88% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $8.89B | $7.56B | +17.56% |
Current Assets | $4.3B | $3.28B | +30.99% |
Total Liabilities | $7.8B | $8.39B | -7.10% |
Current Liabilities | $3.24B | $2.41B | +34.37% |
Stockholders' Equity | $1.09B | $-829M | +232.09% |
Cash & Equivalents | $1.15B | $814M | +40.79% |
Long-Term Debt | $3.46B | $5.15B | -32.67% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $2.37B | $575M | +312.00% |
Investing Cash FlowYTD | $-369M | $-146M | -152.74% |
Financing Cash FlowYTD | $-1.75B | $-973M | -79.45% |
Share BuybacksYTD | $59M | $0 | — |
D&AYTD | $206M | $190M | +8.42% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 32.1% | 20.0% | +12.12% |
Net Margin | 24.0% | — | — |
ROE | 68.3% | — | — |
ROA | 8.4% | — | — |
Current Ratio | $1.326 | — | — |
Debt to Equity | $7.121 | — | — |
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STX reported a significant increase in EPS to 3.38, up 111.2% from the previous year, indicating strong performance.
Key takeaways include a 44.1% increase in revenue, a 120% rise in net income, and improved operating efficiencies.
STX faces risks from high debt levels with a debt to equity ratio of 7.12 and increased current liabilities.
Revenue grew by 44.1% year-over-year to $3.112 billion, driven by strong demand for STX's products.
STX's financial health appears strong with increased revenue, net income, and operating cash flow, despite high leverage.