STX Seagate (STX) Q4 FY26 earnings call
Seagate concluded fiscal 2026 with strong Q4 results, outperforming expectations across revenue and profitability, driven by robust mass capacity storage demand from cloud customers amplified by AI adoption. The company's HAMR-based Mozaic platform ramp and value-based pricing strategy are underpinning sequential revenue and margin expansion expected through fiscal 2027, supported by deep customer commitments extending into 2028 and beyond.
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STX operating KPIs by quarter
| KPI | Dec 2025 Q2 FY26 | Mar 2026 Q3 FY26 | This call Jun 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Exabytes shipped | 190To 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 | 199We shipped 199 exabytes in the quarter, up 39% year-over-year.Source: earnings call transcript | 218In 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 | 165We shipped 165 exabytes in the data center market, up 4% sequentially and 31% year-on-year.Source: earnings call transcript | 175We shipped 175 exabytes into the data center market, up 6% sequentially and 47% year-on-year.Source: earnings call transcript | 195We 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.