Seagate (STX) Q3 FY26 earnings call

Earnings call· Mar 2026 (Q3 FY26)· Information Technology· Apr 28, 2026

Source: earnings call transcript

Seagate is entering a period of structural growth, driven by robust market demand, particularly from AI-enhanced applications, and the successful execution of its Mozaic HAMR technology roadmap. The company's build-to-order model and value-based pricing strategy are contributing to sustained profit growth and improved financial performance. Management is focused on disciplined capital allocation, including debt reduction and enhancing shareholder returns.

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STX operating KPIs by quarter

STX operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q2 FY26	This call Mar 2026 Q3 FY26	Jun 2026 Q4 FY26	Change vs prior quarter
Exabytes shipped	190 To that end, we shipped 190 exabytes in the December quarter, up 26% year-over-year, while keeping overall unit capacity relatively flat. Source: earnings call transcript	199 We shipped 199 exabytes in the quarter, up 39% year-over-year. Source: earnings call transcript	218 In the June quarter, we shipped a total of 218 exabytes, up 34% year-over-year, with data center representing 89% of the total. Source: earnings call transcript	+9.5%
Exabytes shipped Data center	165 We shipped 165 exabytes in the data center market, up 4% sequentially and 31% year-on-year. Source: earnings call transcript	175 We shipped 175 exabytes into the data center market, up 6% sequentially and 47% year-on-year. Source: earnings call transcript	195 We shipped 195 exabytes into the data center market, up 11% sequentially and 43% year-over-year, with data center revenue coming in at $2.9 billion, up 17% sequentially and 57% year-over-year. Source: earnings call transcript	+11.4%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.