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: 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 Q3 FY2026 with significant increases in revenue and net income, driven by operational efficiencies and cost management.
Revenue
$3.11B
+44.07% YoY
EPS (Diluted)
$3.27
+108.28% YoY
Operating Income
$998M
+131.55% YoY
Source: SEC XBRL
Seagate Technology Holdings (STX) reported Q3 FY2026 revenue of $3.11B, up 44.1% year over year. Operating margin was 32.1%, up 12.1 points from 20.0% a year earlier. STX's fiscal Q3 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 5.71 | 5.14 | Beat +11.1% |
| Mar 2026This filing | 4.10 | 3.54 | Beat +15.7% |
| Dec 2025 | 3.11 | 2.84 | Beat +9.4% |
| Sep 2025 | 2.61 | 2.40 | Beat +8.9% |
Adjusted (non-GAAP) EPS of $4.10 versus the $3.54 analyst consensus — a +15.7% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $3.27.
Compiled by AI from this SEC 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: 10-Q Income Statement
Operating income surged by 131.6% to $998 million, reflecting improved operational efficiencies and cost management.
Source: 10-Q Income Statement
Operating cash flow increased by 312% year-to-date, indicating strong cash generation capabilities.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
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: 10-Q Key Ratios
Current liabilities increased by 34.4% year-over-year, which may pressure short-term liquidity if not managed carefully.
Source: 10-Q Balance Sheet
The cost of revenue increased by 18.9%, which could impact margins if revenue growth slows.
Source: 10-Q Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 3.11 $B | 2.16 $B | +44.07% |
Cost of Revenue $B | 1.67 $B | 1.40 $B | +18.93% |
Operating Income $M | 998.00 $M | 431.00 $M | +131.55% |
Net Income $M | 748.00 $M | 340.00 $M | +120.00% |
EPS (Basic) $ | 3.38 $ | 1.60 $ | +111.25% |
EPS (Diluted) $ | 3.27 $ | 1.57 $ | +108.28% |
R&D Expense $M | 194.00 $M | 180.00 $M | +7.78% |
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 Q2 FY2026, with significant growth in revenue and net income driven by improved operating efficiency and reduced liabilities.
Seagate's fiscal 2026 results surged on a 40% jump in nearline exabyte shipments and strong pricing discipline, though macroeconomic and trade uncertainties persist.
Other companies in Technology Hardware, Storage & Peripherals