Seagate Technology Reports Fiscal First Quarter 2026 Financial Results

Seagate Technology Holdings plc reported its financial results for the fiscal first quarter ended October 3, 2025. The company achieved a revenue of $2.63 billion, with a GAAP gross margin of 39.4% and a non-GAAP gross margin of 40.1%. GAAP diluted earnings per share (EPS) were $2.43, while non-GAAP diluted EPS stood at $2.61. The company generated $532 million in cash flow from operations and $427 million in free cash flow. Seagate returned $182 million to shareholders through dividends and share repurchases. The Board of Directors declared a quarterly cash dividend of $0.74 per share, payable on January 9, 2026. Seagate also provided guidance for the fiscal second quarter of 2026, expecting revenue of $2.70 billion and non-GAAP diluted EPS of $2.75. The company highlighted strong demand for its high-capacity storage products, particularly its Mozaic HAMR products, which are now qualified with five of the world’s largest cloud customers.