Filing Flows › Seagate Technology Holdings (STX) › Q2 FY26
Seagate Technology Holdings (STX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 30, 2026
Seagate Technology Holdings (STX) reported revenue of $2.8B for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +7% from the quarter before. Operating margin was 29.8%, net earnings $593M (21.0% of revenue).
Seagate Technology Holdings, Q2 FY26: revenue $2.8B (+22% year over year), operating margin 29.8%, net earnings $593M, operating cash flow $723M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | +7% | +22% |
| Operating profit | $843M | +21% | +73% |
| Net earnings | $593M | +8% | +76% |
| Operating cash flow | $723M | +36% | +227% |
| Free cash flow | $607M | +42% | +305% |
What changed
Revenue was $2.8B in Q2 FY26, up 22% year over year and up 7% from the previous quarter.
Operating profit was $0.84B, a 29.8% margin (up 8.9 points year over year). Of the extra revenue versus a year earlier, 71% reached operating profit, above the 21% margin then. Total costs grew 8% against revenue growth of 22%. Net earnings were $0.59B, up 76% year over year. The effective tax rate was 16.1%.
Operating cash flow was $0.72B (up 227% year over year), 122% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.05B of share-based compensation. Capital expenditures of $0.12B left free cash flow of $0.61B.
Questions
What was Seagate Technology Holdings' revenue in the second quarter fiscal 2026?
Seagate Technology Holdings (STX) reported revenue of $2.8B for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +7% from the quarter before.
Was Seagate Technology Holdings profitable in the second quarter fiscal 2026?
Operating profit was $843M (29.8% of revenue) and net earnings $593M.