Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results

(Auszug aus der Pressemitteilung)

Fiscal Q4 2026 Highlights

• Revenue of $3.6 billion
• GAAP gross margin of 52.3%; non-GAAP gross margin of 52.7%
• GAAP diluted earnings per share (EPS) of $5.58; non-GAAP diluted EPS of $5.71
• Cash flow from operations of $1.3 billion and free cash flow of $1.1 billion
• Retired $302 million in debt and returned $283 million to shareholders through dividends and share repurchases

Fiscal Year 2026 Highlights

• Revenue of $12.2 billion
• GAAP gross margin of 45.6%; non-GAAP gross margin of 46.1%
• GAAP diluted EPS of $13.90; non-GAAP diluted EPS of $15.58
• Cash flow from operations of $3.7 billion and free cash flow of $3.1 billion
• Retired $1.4 billion in debt and returned $810 million to shareholders through dividends and share repurchases

Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal fourth quarter and fiscal year ended July 3, 2026.

“Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability, and generated a record $3.1 billion in free cash flow. Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027,” said Dave Mosley, Seagate’s chair and chief executive officer.

“As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage. Seagate is well positioned to address strengthening exabyte demand through our Mozaic platform and differentiated HAMR technology roadmap, enabling customers to scale efficiently while supporting our ability to drive profitable growth and value creation,” Mosley concluded.

Quarterly Financial Results

During the fiscal fourth quarter, the Company generated $1.3 billion in cash flow from operations and $1.1 billion in free cash flow. For fiscal year 2026, the Company generated $3.7 billion in cash flow from operations, $3.1 billion in free cash flow and returned $810 million of capital to shareholders through dividends and share repurchases. Additionally, the Company strengthened its balance sheet position, reducing its overall debt by $302 million during the fiscal fourth quarter and $1.4 billion during fiscal year 2026, exiting the fiscal year with total debt of $3.6 billion. As of the end of the fiscal year, cash and cash equivalents totaled $1.7 billion, and there were 227 million ordinary shares issued and outstanding.

Quarterly Cash Dividend

The Board of Directors of the Company (the “Board”) declared a quarterly cash dividend of $0.74 per share, which will be payable on October 7, 2026 to shareholders of record as of the close of business on September 24, 2026. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.

Business Outlook

The business outlook for the fiscal first quarter 2027 is based on our current assumptions and expectations; actual results may differ materially as a result of, among other things, the important factors discussed in the Cautionary Note Regarding Forward-Looking Statements section of this release.

The Company is providing the following guidance for its fiscal first quarter 2027:

• Revenue of $4.1 billion, plus or minus $100 million
• Non-GAAP diluted EPS of $7.30, plus or minus $0.20

Our fiscal first quarter guidance includes:

• The estimated net dilutive impact from the Exchangeable Senior Notes due 2028; and
• Minimal expected impact from global tariff policies and/or the current conflict in the Middle East as of the date of this release.

Guidance regarding non-GAAP diluted EPS excludes known pre-tax charges related to estimated share-based compensation expenses of $0.26 per share.

We have not reconciled our non-GAAP diluted EPS guidance for fiscal first quarter 2027 to the most directly comparable GAAP measure, other than estimated share-based compensation expenses, because material items that may impact these measures are out of our control and/or cannot be reasonably predicted, including, but not limited to, net (gain) loss from debt transactions, strategic investment losses (gains) or impairment charges, income tax adjustments on these measures, and other charges or benefits that may arise. The amounts of these measures are not currently available but may be material to future results