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Seagate Reports Record-Breaking Q2 Revenue, Strengthens Data Center Demand
ByAinvest
Thursday, Jan 29, 2026 6:45 am ET1min read
STX--
Seagate Technology reported Q2 revenue of $2.83 billion, driven by record exabyte shipments and exceptionally strong data-center demand. The company is rapidly ramping its HAMR Mozaic roadmap, allowing growth via areal-density gains rather than higher unit volumes. Seagate guided March-quarter revenue to about $2.9 billion with non-GAAP operating margin approaching the mid-30s%. Free cash flow was $607 million, and net leverage improved to 1.1x.
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