STX · News · 20260804N

Gross Margin Drivers

Seagate Technology Holdings plc · 2026-08-04 · Importance 45 · Surprise 64

Seagate recorded a significant gross-margin improvement in the June quarter, supported by higher pricing and a favorable mix of high-capacity nearline drives. Heat-Assisted Magnetic Recording technology was cited as improving areal density and gross margins. The margin expansion contributed to a 121% year-over-year increase in non-GAAP EPS.

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