Seagate Technology (STX) Q4 2025

Q3 2026 Q2 2026 Q1 2026 Q4 2025

Earnings

Seagate Technology closed fiscal 2025 on a strong note, posting fourth-quarter earnings per share of $2.59, beating the Wall Street consensus of $2.44 by 6.01%, while revenue of $2.44 billion edged past the $2.42 billion estimate and climbed 29.3% ye… Read more Seagate Technology closed fiscal 2025 on a strong note, posting fourth-quarter earnings per share of $2.59, beating the Wall Street consensus of $2.44 by 6.01%, while revenue of $2.44 billion edged past the $2.42 billion estimate and climbed 29.3% year over year. The primary engine behind the beat was surging cloud data center appetite for nearline hard drives, with Mass Capacity revenue topping $2.00 billion in the quarter and nearline exabyte shipments rising 52% year over year. Non-GAAP gross margin reached 37.9%, a record level by management's account and the ninth consecutive quarter of sequential improvement. Despite the strong print, shares sold off notably after the report, with at least one analyst on the Street characterizing the move as an overreaction given the company's profitability trajectory. Looking ahead, Seagate guided Q1 fiscal 2026 revenue to approximately $2.50 billion and non-GAAP EPS of $2.30, with production capacity largely committed through mid-calendar 2026 and share repurchases expected to resume in the September quarter.