Seagate Technology

STX · Information Technology · Market cap $189B

Q3 FY26 Apr 3, 2026 reported Apr 29, 2026

Revenue$3.1B +44% year over year

Gross profit$1.4B

Operating profit$1B

Net profit$0.7B 24% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Apr 3, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.1	100%	+44%
US	1.6	52%	+50%
SG	1.2	39%	+38%
NL	0.3	10%	+40%
Cost of revenue	−1.7	55%
Gross profit	1.4	46% margin	+11pp
Research & development	−0.2	6%	−2pp
SG&A	−0.1	5%	−2pp
Other	−0.1	4%	+0pp
Operating profit	1	32% margin	+12pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	0.7	24%	+8pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jan 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.8	100%	+22%
SG	1.3	46%	+26%
US	1.2	43%	+16%
NL	0.3	11%	+26%
Cost of revenue	−1.6	57%
Gross profit	1.2	42% margin	+7pp
Research & development	−0.2	7%	−1pp
SG&A	−0.1	5%	−1pp
Operating profit	0.8	30% margin	+9pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.6	21%	+7pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 3, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.6	100%	+21%
US	1.4	54%	+26%
SG	1	38%	+21%
NL	0.2	8%	+0%
Cost of revenue	−1.6	62%
Gross profit	1	39% margin	+7pp
Research & development	−0.2	7%	−1pp
SG&A	−0.1	5%	+0pp
Other	−0	0%	+0pp
Operating profit	0.7	26% margin	+8pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.5	21%	+7pp

All figures in billions of U.S. dollars, for Q4 FY27 (period ends Jun 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.4	100%	+30%
US	1.2	50%	+68%
SG	1	42%	+1%
NL	0.3	12%	+45%
Cost of revenue	−1.5	62%
Gross profit	0.9	37% margin	+6pp
Research & development	−0.1	7%	−1pp
SG&A	−0.2	6%	−1pp
Other	−0	1%	+0pp
Operating profit	0.6	23% margin	+7pp
Interest & other costs	−0.1
Net profit	0.5	20%	−7pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Apr 3, 2026	Apr 29, 2026	$3.1B	+44%	32%	$0.7B	24%
Q2 FY26	Oct 4, 2025 – Jan 2, 2026	Jan 30, 2026	$2.8B	+22%	29%	$0.6B	21%
Q1 FY26	Jun 28 – Oct 3, 2025	Oct 31, 2025	$2.6B	+21%	27%	$0.5B	21%
Q4 FY27	Mar 29 – Jun 27, 2025	Aug 1, 2025	$2.4B	+30%	25%	$0.5B	20%