Filing Flows › Seagate Technology Holdings (STX) › Q1 FY26
Seagate Technology Holdings (STX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 31, 2025
Seagate Technology Holdings (STX) reported revenue of $2.6B for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +8% from the quarter before. Operating margin was 26.4%, net earnings $549M (20.9% of revenue).
Seagate Technology Holdings, Q1 FY26: revenue $2.6B (+21% year over year), operating margin 26.4%, net earnings $549M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +8% | +21% |
| Operating profit | $694M | +22% | +72% |
| Net earnings | $549M | +12% | +80% |
| Operating cash flow | $532M | +5% | +460% |
| Free cash flow | $427M | +0.5% | 16× |
What changed
Revenue was $2.6B in Q1 FY26, up 21% year over year and up 8% from the previous quarter.
Operating profit was $0.69B, a 26.4% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 19% margin then. Total costs grew 10% against revenue growth of 21%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.55B, up 80% year over year. The effective tax rate was 10.6%.
Operating cash flow was $0.53B (up 460% year over year), 97% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.10B left free cash flow of $0.43B.
Questions
What was Seagate Technology Holdings' revenue in the first quarter fiscal 2026?
Seagate Technology Holdings (STX) reported revenue of $2.6B for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +8% from the quarter before.
Was Seagate Technology Holdings profitable in the first quarter fiscal 2026?
Operating profit was $694M (26.4% of revenue) and net earnings $549M.