Seagate Technology Q2 FY26: where the revenue came from and where it went
The whole income statement of Seagate Technology for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 4, 2025 – Jan 2, 2026
- Reported
- Jan 30, 2026
Revenue$2.83B
+22% year over year
Gross profit$1.18B
42% margin
Operating profit$0.84B
30% margin
Net profit$0.59B
21% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.83 | 100% | +22% |
| SG | 1.31 | 46% | +26% |
| US | 1.23 | 44% | +16% |
| NL | 0.29 | 10% | +26% |
| Other countries | <0.01 | 0% | +0% |
| Cost of revenue | −1.65 | 58% | |
| Gross profit | 1.18 | 42% margin | +7pp |
| R&D | −0.19 | 7% | −1pp |
| SG&A | −0.14 | 5% | −1pp |
| Operating profit | 0.84 | 30% margin | +9pp |
| Interest & other costs | −0.14 | ||
| Tax | −0.11 | ||
| Net profit | 0.59 | 21% margin | +7pp |
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