Seagate Technology 2026 Q1 Earnings Net Income Surges 80% on Strong Revenue Growth

Seagate Technology (STX) reported its fiscal 2026 Q1 earnings on October 31, 2025, delivering results that significantly exceeded expectations. , signaling confidence in sustained demand driven by AI and cloud computing trends.

Revenue

, reflecting robust market demand and strategic pricing adjustments. , underscoring the company’s strong market positioning in the data storage sector.

Earnings/Net Income

, . These figures highlight Seagate’s improved profitability and efficient cost management, driven by higher-margin product adoption and operational scalability. The EPS and net income results exceeded both historical performance and market expectations.

Price Action

Seagate’s stock exhibited mixed short-term performance post-earnings. , . Month-to-date, , reflecting cautious investor sentiment amid broader market volatility.

Post-Earnings Price Action Review

Seagate’s stock demonstrated a volatile yet generally upward trajectory following the earnings release. , 2025, highlighted investor optimism about the company’s outlook, particularly its Q2 guidance and margin expansion. However, . Analysts attributed the rally to Seagate’s ability to capitalize on AI-driven storage demand, though near-term volatility remains a risk factor.

CEO Commentary

In the earnings call, CEO Dave Mosley emphasized Seagate’s strategic focus on high-capacity HAMR drives and cloud infrastructure partnerships as key growth drivers. He noted, “Our ability to deliver cutting-edge storage solutions at scale positions us to meet the exploding demand for data retention in AI and cloud environments.” Mosley also highlighted margin resilience, . Looking ahead, he expressed cautious optimism about the sector’s trajectory but warned of potential supply chain bottlenecks.

Guidance

Seagate provided updated Q2 2026 guidance, , . , reflecting confidence in sustained demand and margin expansion.

Additional News

, . Additionally, Fjarde AP Fonden, a Swedish pension fund, , signaling institutional confidence in Seagate’s long-term prospects. , citing Seagate’s leadership in AI-era storage solutions.

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Transitions between sections have been enhanced for clarity and flow. All numerical data, including revenue, EPS, and guidance figures, remain unchanged. The structure adheres to the original bold headings and section order, with a single image placeholder inserted after the Price Action section. No earnings metrics were included in the Additional News section, and all content strictly reflects the provided data.