10-Q quarterly report · filed Apr 29, 2026

Seagate Technology (STX) Q2 2026 10-Q Quarterly Report

Short answer

Seagate Technology (STX) filed its Q2 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Apr 3, 2026. Quarterly revenue was $3.1B (up 44.1% year over year) with net income of $748M.

Q2 2026 key financials · XBRL

Revenue
$3.1B
+44.1% YoY · +10.2% QoQ
Net income
$748M
+120.0% YoY · +26.1% QoQ
Operating margin
32.1%
EPS (diluted)
$3.26
+107.6% YoY · +25.4% QoQ

Source: XBRL data from the Seagate Technology (STX) Q2 2026 10-Q on SEC EDGAR. USD.

Seagate Technology Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Near-term risks: macroeconomic headwinds, customer inventory adjustments, tariffs, trade restrictions, evolving global trade policy
  • Outlook references production optimization, storage demand, free cash flow, debt covenants, capital expenditures, and dividends

Risk Factors

  • No material-change disclosure provided; principal carried-forward risks summarized below
  • Nearline demand risk: sales cycles can exceed one year, impairing demand forecasts and increasing excess-inventory reserves
  • HAMR execution risk: delayed development, qualification, or production could reduce sales and market share
  • Regulatory risk: export-control changes or violations could restrict sales and materially harm cash flows
  • Customer concentration risk: hyperscale and CSP purchase reductions, delays, or cancellations could materially reduce revenue
  • Liquidity risk: insufficient operating cash flows could impair debt servicing and quarterly dividend payments

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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