AI English summary of an SEC filing — figures as filed
Seagate Technology STXThe company said it shipped 220 exabytes of HDD storage capacity in the September 2026 quarter, with revenue of about $4.2 billion, a gross margin of 57.3% and net income of $1.8 billion.
Key points
AI summaryThe company said it shipped 220 exabytes of HDD storage capacity in the September 2026 quarter, with revenue of about $4.2 billion, a gross margin of 57.3% and net income of $1.8 billion.
The company said revenue for the September 2026 quarter rose $604 million from the June 2026 quarter, which it attributed to its pricing actions. Revenue also rose $1.6 billion from the September 2025 quarter, which the company cited as due to pricing actions and higher nearline exabytes shipped.
The company said operating cash flow in the September 2026 quarter was $1.7 billion. It repurchased about 0.5 million of its ordinary shares for $400 million and paid dividends of $168 million. It also said it reduced its outstanding principal amount of debt by $1.2 billion, with total consideration of $1.1 billion for the redemption and repurchase of certain Senior Notes.
The company said it had about $1.3 billion in cash and cash equivalents as of October 2, 2026, and $1.3 billion available for borrowing under its Revolving Credit Facility, with no borrowings outstanding. It later redeemed $750 million principal amount of the 2032 Notes on October 15, and said its Board of Directors declared a quarterly cash dividend of $0.76 per share on October 27.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
September September 2026 Quarter Highlights
The company said it shipped 220 exabytes of HDD storage capacity in the September 2026 quarter, with revenue of about $4.2 billion, a gross margin of 57.3% and net income of $1.8 billion.
Source · Based on the MD&A text of the filing
Factors Behind Revenue Growth
The company said revenue for the September 2026 quarter rose $604 million from the June 2026 quarter, which it attributed to its pricing actions. Revenue also rose $1.6 billion from the September 2025 quarter, which the company cited as due to pricing actions and higher nearline exabytes shipped.
Source · Based on the MD&A text of the filing
Operating Cash Flow, Shareholder Returns and Debt Reduction
The company said operating cash flow in the September 2026 quarter was $1.7 billion. It repurchased about 0.5 million of its ordinary shares for $400 million and paid dividends of $168 million. It also said it reduced its outstanding principal amount of debt by $1.2 billion, with total consideration of $1.1 billion for the redemption and repurchase of certain Senior Notes.
Source · Based on the MD&A text of the filing
Liquidity and Subsequent Events
The company said it had about $1.3 billion in cash and cash equivalents as of October 2, 2026, and $1.3 billion available for borrowing under its Revolving Credit Facility, with no borrowings outstanding. It later redeemed $750 million principal amount of the 2032 Notes on October 15, and said its Board of Directors declared a quarterly cash dividend of $0.76 per share on October 27.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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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