Seagate FY26 net income more than doubled to $3.18 billion; revenue rises 34% to $12.2 billion - STX News | RalliesSeagate FY26 net income more than doubled to $3.18 billion; revenue rises 34% to $12.2 billion
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STX• Fiscal 2026 results
- Seagate posted revenue of $12.2 billion in fiscal 2026, up 34% from fiscal 2025, as demand strengthened across data storage solutions.
- Net income climbed to $3.18 billion, while operating income rose to $4.09 billion.
- Gross margin widened to 46%, up 11 percentage points, reflecting pricing actions and a shift to higher-capacity products.
- HDD storage capacity shipped increased to 789 exabytes, with nearline at 695 exabytes as cloud and enterprise edge demand stayed strong.
- Operating cash flow rose to $3.7 billion; Seagate paid $634 million in dividends and repurchased $176 million of ordinary shares.
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