Jun 2026 (Q4 FY26) — Jul 28, 2026
Seagate Q4 FY26 — Strong Outperformance Driven by AI-Amplified Demand and HAMR Ramp
Read the full callSeagate (STX) earnings
- Jul 2026
- Jun 2026 (Q4 FY26)
- Jul 2026
Seagate earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,629 | +48.5% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 43.0 | +19.7 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,294 | +165.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
61 of 61 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| All major global CSPs qualified on Mozaic 3+ HAMR | key global CSP customers qualified by mid-calendar 2026 | Jun 2025 | Our Mozaic 3 products are now qualified and operating in production environments across all major cloud customers | Achieved |
| Shareholder returns of at least 75% of free cash flow | return at least 75% of free cash flow to shareholders over time | Sep 2025 | During the June quarter, we returned approximately $283 million to shareholders through dividends and share repurchases | At Risk |
| Annual revenue growth target | low to mid-teens percent annual growth | Jun 2025 | Given our momentum and the improved visibility we have into demand, we expect fiscal 2027 revenue growth to outpace our performance in fiscal 2026 | On Track |
22 of Seagate Technology Holdings plc's 83 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 80 more targets are in the full ledger.
Claimed
- Q4 revenue of $3.6 billion, up 17% sequentially and 48% year-over-year, exceeding the high end of guidance.
- Non-GAAP gross margin expanded for the 13th consecutive quarter to 52.7%, up 570 basis points sequentially.
- Record free cash flow of $1.1 billion, representing a 31% margin, the strongest quarter in over a decade.
- Non-GAAP EPS of $5.71, up 39% quarter-over-quarter and 121% year-over-year, exceeding guidance by a wide margin.
- Net leverage ratio improved to 0.4x based on adjusted EBITDA of $1.7 billion.
Qualified
Price
$660.81 +3.41% · +$21.8
Performance +193.2% 1Y
1Y: $225.4 on 17 Oct 2025 → $660.81. High $1,094.04 (22 Jun 2026), low $214.4 (20 Oct 2025).
- Previous close
- $639.01
- 52-week range
- $214.4 – $1,094.04
- One year
- +208.21%
Overview
- Symbol
- STX
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
61 of 61 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| All major global CSPs qualified on Mozaic 3+ HAMR | key global CSP customers qualified by mid-calendar 2026 | Jun 2025 | Our Mozaic 3 products are now qualified and operating in production environments across all major cloud customers | Achieved |
| Shareholder returns of at least 75% of free cash flow | return at least 75% of free cash flow to shareholders over time | Sep 2025 | During the June quarter, we returned approximately $283 million to shareholders through dividends and share repurchases | At Risk |
| Annual revenue growth target | low to mid-teens percent annual growth | Jun 2025 | Given our momentum and the improved visibility we have into demand, we expect fiscal 2027 revenue growth to outpace our performance in fiscal 2026 | On Track |
Claimed
- Q4 revenue of $3.6 billion, up 17% sequentially and 48% year-over-year, exceeding the high end of guidance.
- Non-GAAP gross margin expanded for the 13th consecutive quarter to 52.7%, up 570 basis points sequentially.
- Record free cash flow of $1.1 billion, representing a 31% margin, the strongest quarter in over a decade.
- Non-GAAP EPS of $5.71, up 39% quarter-over-quarter and 121% year-over-year, exceeding guidance by a wide margin.
- Net leverage ratio improved to 0.4x based on adjusted EBITDA of $1.7 billion.
Qualified
The full ledger
Open Seagate Technology Holdings plc’s full ledger
A free account opens 5 company ledgers a month. All 83 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — Apr 28, 2026
Seagate Q3 FY26 — Record Gross Margins & Strong Free Cash Flow Driven by Mozaic HAMR Demand
Read the full callDec 2025 (Q2 FY26) — Jan 27, 2026
Seagate Technology Q2 FY26 — Record Profitability and HAMR Ramp
Read the full callEvery analysed call
Seagate earnings calls (STX)
Financials
What the filings say
Net profit, year on year: +165% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,168 | 2,325 | 2,160 | 2,444 | 2,629 | 2,825 | 3,112 | 3,629 |
| Expenses | 1,765 | 1,837 | 1,729 | 1,876 | 1,935 | 1,982 | 2,114 | 2,070 |
| Operating profit | 403 | 488 | 431 | 568 | 694 | 843 | 998 | 1,559 |
| Operating margin | 18.6% | 21.0% | 19.9% | 23.2% | 26.4% | 29.8% | 32.1% | 43.0% |
| Other income | -87 | -138 | -76 | -76 | -80 | -136 | -134 | -54 |
| Interest | 85 | 84 | 77 | 75 | 80 | 72 | 68 | 64 |
| Profit before tax | 316 | 350 | 355 | 492 | 614 | 707 | 864 | 1,505 |
| Tax rate | 3.5% | 4.0% | 4.2% | 0.8% | 10.6% | 16.1% | 13.4% | 14.0% |
| Net profit | 305 | 336 | 340 | 488 | 549 | 593 | 748 | 1,294 |
| EPS ($ per share) | 1.45 | 1.58 | 1.60 | — | 2.58 | 2.75 | 3.38 | — |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 6,545 | 6,757 | 6,977 | 7,190 | 7,373 | — | — | — |
| Reserves | -4,349 | -4,904 | -6,305 | -7,117 | -8,670 | -8,960 | -8,151 | -5,911 |
| Total liabilities | 6,723 | 7,143 | 8,044 | 8,835 | 8,755 | 9,230 | 8,476 | 7,805 |
| Fixed assets | 1,869 | 2,129 | 2,181 | 2,239 | 1,706 | 1,614 | 1,657 | 2,034 |
| Total assets | 8,885 | 8,930 | 8,675 | 8,944 | 7,556 | 7,739 | 8,023 | 9,972 |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,761 | 1,714 | 1,626 | 1,657 | 942 | 918 | 1,083 | 3,674 |
| Cash from investing | 846 | -635 | -466 | -352 | 217 | 126 | -276 | -525 |
| Cash from financing | -2,212 | -1,605 | -1,673 | -1,899 | -988 | -473 | -1,274 | -2,337 |
| Net cash flow | 394 | -527 | -513 | -594 | 171 | 572 | -467 | 812 |
| Capital expenditure | -602 | -585 | -498 | -381 | -316 | -254 | -265 | -569 |
| Free cash flow | 1,159 | 1,129 | 1,128 | 1,276 | 626 | 664 | 818 | 3,105 |
STX operating KPIs by quarter
| KPI | Dec 2025 Q2 FY26 | Mar 2026 Q3 FY26 | 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.
Insider filings
868 filings between Oct 22, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$594.36M
717 sales by 11 insiders
94% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 125
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MOSLEY WILLIAM D | — | $303.89M | Oct 1, 2026 |
| Romano Gianluca | — | $146.39M | Sep 15, 2026 |
| Teh Ban Seng | — | $88.95M | Sep 15, 2026 |
| Morris John Christopher | — | $30.59M | Sep 21, 2026 |
| Lee James CI | — | $12.56M | Aug 24, 2026 |
| Chong Kian Fatt | — | $4.36M | Feb 23, 2026 |
| Arumugavelu Shankar | — | $2.40M | Jun 4, 2026 |
| Conyers Yolanda Lee | — | $1.78M | Sep 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 280 | $264.1K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 640 | $600.5K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 840 | $784.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 40 | $37.6K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 630 | $580.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 307 | $279.3K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 1,080 | $1000.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 1,320 | $1.23M |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 759 | $710.8K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 80 | $75.2K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 400 | $366.9K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 480 | $439.7K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 962 | $910.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 1,027 | $933.1K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 930 | $857.1K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 640 | $591.8K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 640 | $593.9K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 1,665 | $1.55M |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 822 | $768.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 640 | $598.5K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 579 | $542.7K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 720 | $676.3K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 696 | $635.5K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 1,146 | $1.05M |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 904 | $826.2K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 960 | $878.4K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 840 | $772.4K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 440 | $415.7K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 920 | $845.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 840 | $765.0K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 360 | $323.3K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 560 | $508.2K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 800 | $738.1K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 760 | $702.1K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Option exercise 10b5-1 plan | 14,000 | $647.2K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 480 | $444.9K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 360 | $334.4K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 855 | $795.2K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 384 | $346.6K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 601 | $544.8K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 440 | $396.7K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 517 | $465.5K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 696 | $628.7K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 480 | $434.6K |
| Oct 1, 2026 | MOSLEY WILLIAM D CEO | Sale 10b5-1 plan | 480 | $434.1K |
| Sep 21, 2026 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 320 | $282.6K |
| Sep 21, 2026 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 40 | $35.5K |
| Sep 21, 2026 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 760 | $666.2K |
| Sep 21, 2026 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 200 | $176.4K |
| Sep 21, 2026 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 120 | $106.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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