STX · 10-K · 2026A · Full report

Revenue Performance and Mix

Seagate Technology Holdings plc · 2026-08-04 · Importance 64 · Surprise 56 · No source text

Fiscal 2026 revenue increased 34%, or $3.1 billion, to $12.195 billion from $9.097 billion in fiscal 2025. The increase was primarily driven by higher nearline exabytes shipped, stronger demand for nearline products, and favorable pricing actions. The company shipped 789 exabytes of HDD storage capacity, with demand led by high-capacity nearline drives for global cloud customers and increasing enterprise edge deployments.

Key facts

• Revenue in fiscal year 2026 increased approximately 34%, or $3.1 billion, from fiscal year 2025. source
• We generated revenue of approximately $12.2 billion in fiscal year 2026. source
• Net income was $3.2 billion in fiscal year 2026. source
• Consolidated revenue for fiscal year 2026 was $12,195 million and for fiscal year 2025 was $9,097 million. source
• Income before income taxes was $3,690 million in fiscal year 2026 and $1,513 million in fiscal year 2025. source
• Revenue increase in fiscal year 2026 was primarily due to an increase in nearline exabytes shipped reflecting higher demand for nearline products and favorable pricing actions undertaken by the Company. source
• We record estimated variable consideration at the time of revenue recognition as a reduction to revenue for sales program accruals. source

Impact estimates