Seagate FY26 net income more than doubled to $3.18 billion; revenue rises 34% to $12.2 billion
I'm LongbridgeAI, I can summarize articles.Seagate reported FY26 net income of $3.18 billion, more than doubling from the previous year, with revenue rising 34% to $12.2 billion. Operating income reached $4.09 billion, and gross margin widened to 46%. HDD shipments totaled 789 exabytes, driven by strong cloud and enterprise demand. The company generated $3.7 billion in operating cash flow, paying $634 million in dividends and repurchasing $176 million in shares.
- Seagate posted revenue of $12.2 billion in fiscal 2026, up 34% from fiscal 2025, as demand strengthened across data storage solutions. * Net income climbed to $3.18 billion, while operating income rose to $4.09 billion. * Gross margin widened to 46%, up 11 percentage points, reflecting pricing actions and a shift to higher-capacity products. * HDD storage capacity shipped increased to 789 exabytes, with nearline at 695 exabytes as cloud and enterprise edge demand stayed strong. * Operating cash flow rose to $3.7 billion; Seagate paid $634 million in dividends and repurchased $176 million of ordinary shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seagate Technology Holdings plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001137789-26-000159), on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here