AI English summary of an SEC filing — figures as filed
Seagate Technology STXSeagate reported revenue of $2,825 million, a GAAP gross margin of 41.6%, a GAAP operating margin of 29.8% and GAAP diluted earnings per share of $2.60 for Q2 of fiscal 2026, the 3 months ended January 2, 2026. Revenue in the prior-year quarter was $2,325 million.
Key points
AI summarySeagate reported revenue of $2,825 million, a GAAP gross margin of 41.6%, a GAAP operating margin of 29.8% and GAAP diluted earnings per share of $2.60 for Q2 of fiscal 2026, the 3 months ended January 2, 2026. Revenue in the prior-year quarter was $2,325 million.
The company reported a non-GAAP gross margin of 42.2%, an operating margin of 31.9% and diluted earnings per share of $3.11 for Q2. GAAP net income of $593 million was adjusted to non-GAAP net income of $702 million, with the adjustment including net loss from debt transactions of $66 million.
Seagate said it generated cash flow from operations of $723 million and free cash flow of $607 million for Q2. During the same quarter, the company retired $500 million of Exchangeable Senior Notes due 2028, paid cash dividends of $154 million, and cash and cash equivalents at the end of the quarter totaled $1.0 billion.
The company said the Board declared a quarterly cash dividend of $0.74 per share, payable on April 8, 2026. It also provided guidance for Q3 of fiscal 2026 of revenue of $2.90 billion, plus or minus $100 million, and non-GAAP diluted earnings per share of $3.40, plus or minus $0.20.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2026 Q2 Results: Revenue $2,825 million
Seagate reported revenue of $2,825 million, a GAAP gross margin of 41.6%, a GAAP operating margin of 29.8% and GAAP diluted earnings per share of $2.60 for Q2 of fiscal 2026, the 3 months ended January 2, 2026. Revenue in the prior-year quarter was $2,325 million.
Source · Based on the filing body and exhibits
Non-GAAP Measures and GAAP Reconciliation Items
The company reported a non-GAAP gross margin of 42.2%, an operating margin of 31.9% and diluted earnings per share of $3.11 for Q2. GAAP net income of $593 million was adjusted to non-GAAP net income of $702 million, with the adjustment including net loss from debt transactions of $66 million.
Source · Based on the filing body and exhibits
Q2 Cash Flow, Debt Retirement and Dividends
Seagate said it generated cash flow from operations of $723 million and free cash flow of $607 million for Q2. During the same quarter, the company retired $500 million of Exchangeable Senior Notes due 2028, paid cash dividends of $154 million, and cash and cash equivalents at the end of the quarter totaled $1.0 billion.
Source · Based on the filing body and exhibits
Quarterly Dividend Declaration and Q3 Guidance
The company said the Board declared a quarterly cash dividend of $0.74 per share, payable on April 8, 2026. It also provided guidance for Q3 of fiscal 2026 of revenue of $2.90 billion, plus or minus $100 million, and non-GAAP diluted earnings per share of $3.40, plus or minus $0.20.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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