Seagate FY26 net income more than doubled to $3.18 billion; revenue rises 34% to $12.2 billion

• Seagate posted revenue of $12.2 billion in fiscal 2026, up 34% from fiscal 2025, as demand strengthened across data storage solutions.
• Net income climbed to $3.18 billion, while operating income rose to $4.09 billion.
• Gross margin widened to 46%, up 11 percentage points, reflecting pricing actions and a shift to higher-capacity products.
• HDD storage capacity shipped increased to 789 exabytes, with nearline at 695 exabytes as cloud and enterprise edge demand stayed strong.
• Operating cash flow rose to $3.7 billion; Seagate paid $634 million in dividends and repurchased $176 million of ordinary shares.

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