News/Earnings/Jan 27, 2026

Seagate fiscal Q2 2026 revenue of $2.83 billion beats the company's own plan; Q3 guided to $2.90 billion

Seagate reported fiscal Q2 2026 revenue of $2.825 billion, with non-GAAP diluted EPS of $3.11 and a non-GAAP gross margin of 42.2%. Management said the quarter beat its own expectations on revenue and profit, with record gross margin, operating margin and non-GAAP EPS. For fiscal Q3 it guided revenue to $2.90 billion plus or minus $100 million and non-GAAP EPS to $3.40 plus or minus $0.20.

  • Revenue $2.825 billion; GAAP diluted EPS $2.60; non-GAAP diluted EPS $3.11
  • Non-GAAP gross margin 42.2%; free cash flow $607 million
  • Fiscal Q3 guidance: revenue $2.90 billion (±$100 million), non-GAAP EPS $3.40 (±$0.20)
Source
Seagate Investor Relations
Jan 27, 2026
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SEC filing 8-K · accession 0001137789-26-000016 · sec.gov ↗