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AI brief of an SEC Form 8-K · Seagate Technology (STX)

Seagate Q1 Revenue Rises 21% to $2.63 Billion; GAAP EPS $2.43 vs. $1.41

Positive Impact 3 of 5 earnings Written later

Seagate reported fiscal first-quarter 2026 revenue of $2.63 billion, up from $2.17 billion a year earlier, and GAAP net income of $549 million, up from $305 million. The company guided fiscal second-quarter revenue to $2.70 billion, plus or minus $100 million, and non-GAAP diluted EPS to $2.75, plus or minus $0.20, and declared a quarterly dividend of $0.74 per share, up about 3%.

Key points

  • Q1 revenue $2.63 billion vs. $2.17 billion a year earlier; GAAP diluted EPS $2.43 vs. $1.41
  • GAAP gross margin 39.4% vs. 32.9%; non-GAAP gross margin 40.1% vs. 33.3%, both described as record levels
  • Fiscal Q2 2026 guidance: revenue $2.70 billion plus or minus $100 million; non-GAAP diluted EPS $2.75 plus or minus $0.20
  • Quarterly dividend of $0.74 per share payable January 9, 2026 to holders of record as of December 24, 2025

The filing

CompanySeagate Technology (STX)
Form8-K, current report
Filed with the SECOct 28, 2025, 4:07 PM ET
Accession number0001137789-25-000283

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.