SUPPLEMENTAL FINANCIAL INFORMATION Q2FY26 JANUARY 27, 2026 Safe Harbor Statement and Use of Non-GAAP Financial Information This document and our other communications regarding our quarterly financial results contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. Forward-loo ...

Seagate Technology Holdings Plc. (NASDAQ:STX) shares were mostly flat in Tuesday's extended trading after the company released its second-quarter earnings report. Here's a look at the key figures from the quarter. STX stock is moving. Watch the price action here.The Details: Seagate reported quarterly earnings of $3.11 per share, which beat the analyst consensus estimate of $2.81 by 10.52%, according to data from Benzinga Pro.Quarterly revenue hit $2.83 billion, which beat the Street estimate of $2.73 billi ...

Financial Performance - Revenue for fiscal Q2 2026 was $2.83 billion, a 21.5% increase from $2.33 billion in fiscal Q2 2025[4] - GAAP gross margin improved to 41.6% from 34.9% year-over-year, while non-GAAP gross margin increased to 42.2% from 35.5%[4] - GAAP diluted earnings per share (EPS) rose to $2.60, up from $1.55 in the same quarter last year, with non-GAAP diluted EPS at $3.11 compared to $2.03[4] - Net income for the six months ended January 2, 2026, was $1,142 million, an increase from $641 million for the same period in the previous year, representing a growth of 78.2%[23] - Non-GAAP gross profit for the six months ended January 2, 2026, was $2,245 million, compared to $1,548 million for the same period in the previous year, reflecting a 45.1% increase[27] - GAAP gross margin improved to 40.6% for the six months ended January 2, 2026, up from 34.0% in the prior year[27] - GAAP diluted net income per share for the six months ended January 2, 2026, was $5.03, up from $2.95 in the prior year, marking a 70.5% increase[29] - Non-GAAP diluted net income per share for the six months ended January 2, 2026, was $5.71, compared to $3.62 for the same period last year, representing a 57.7% increase[29] Cash Flow and Liquidity - Cash flow from operations was $723 million, and free cash flow was $607 million during the quarter[5] - Net cash provided by operating activities for the six months ended January 2, 2026, was $1,255 million, significantly higher than $316 million for the same period last year[29] - Free cash flow for the six months ended January 2, 2026, was $1,034 million, compared to $177 million for the same period in the previous year, indicating a substantial increase[29] - Cash, cash equivalents, and restricted cash at the end of the period were $1,048 million, compared to $1,240 million at the end of the previous year[23] - Seagate's balance sheet remains strong, with cash and cash equivalents totaling $1.0 billion at the end of the quarter[5] Future Outlook - For fiscal Q3 2026, the company expects revenue of approximately $2.90 billion, plus or minus $100 million, and non-GAAP diluted EPS of $3.40, plus or minus $0.20[15] - The company anticipates continued strong demand for data center storage solutions driven by AI applications and evolving market needs[2] Strategic Actions - The company declared a quarterly cash dividend of $0.74 per share, payable on April 8, 2026[8] - The company retired $500 million in Exchangeable Senior Notes due 2028 during the fiscal second quarter[5] - The company redeemed and repurchased $500 million of debt during the financing activities for the six months ended January 2, 2026[23] Operating Metrics - Non-GAAP operating margin for the six months ended January 2, 2026, was 30.5%, up from 21.8% in the prior year[27] - Adjusted EBITDA excludes certain expenses and gains that are not indicative of core operating results, including impairment and other charges related to cost-saving efforts[44] - LTM adjusted EBITDA is defined as the total of last twelve months adjusted EBITDA, used to evaluate the Company's debt portfolio[44] Tax and Accounting Adjustments - The projected non-GAAP income tax rate for fiscal year 2026 is set at 15.5%[41] - Non-GAAP income tax adjustments aim to provide consistency across interim reporting periods[41] - The Company may periodically re-evaluate its non-GAAP tax rate based on changes in tax laws[41] - Non-GAAP diluted share count adjustments are made using the if-converted method for the 2028 exchangeable notes[42] - Strategic investment gains, losses, and impairment charges are excluded to provide a clearer view of the Company's operating performance[39] - Other charges, primarily IT transformation costs, are also excluded for a supplemental view of operating performance[40] - The Company assesses its sources of liquidity and capital structure using free cash flow as a non-GAAP measure[43] - Free cash flow is defined as net cash provided by operating activities less acquisition of property, equipment, and leasehold improvements[43]

Core Insights - Seagate Technology Holdings plc (NASDAQ:STX) has seen a significant increase in its stock price, rising by 256% over the past year and 28% year-to-date [2] - Analysts from BofA and Rosenblatt have raised their price targets for Seagate, indicating strong confidence in the company's future performance [2] Group 1: Stock Performance - Seagate's shares are among the top performers in the market, with a 256% increase over the past year and a 28% increase year-to-date [2] - BofA has increased its price target for Seagate from $320 to $400 while maintaining a Buy rating, citing potential to exceed analyst estimates in upcoming earnings [2] - Rosenblatt has also raised its price target from $270 to $370, maintaining a Buy rating, and noted strong demand for high-density memory devices as a growth driver [2] Group 2: Market Dynamics - Seagate is facing a shortage of products that cannot be met, which may impact its ability to fulfill demand [3] - The company is expected to benefit from the growing customer base for its heat-assisted recording memory technology, which is seen as a key catalyst for growth [2]

存储概念股齐涨，美光科技、闪迪涨超5%，西部数据涨超2%，希捷科技涨1.6%。 消息面上，美光科技宣布将在未来十年向新加坡追加投资240亿美元，用于建设新的NAND闪存晶圆 厂，以应对人工智能驱动的存储芯片供应紧张。此举凸显全球存储芯片市场的供需失衡正在加剧。 此外，业内消息源透露，三星电子、SK海力士已经与苹果进行谈判，决定大幅上调iPhone手机所用 LPDDR内存的价格。三星电子调整的涨幅超过80%，而SK海力士则接近100%。(格隆汇) ...

Seagate Technology (STX) is trading at new all-time highs on Tuesday. Shares are up more than 230% over the past 52 weeks. STX maintains a 100% “Buy” technical opinion from Barchart. Seagate has benefitted massively from AI-driven demand for memory and storage products. Today’s Featured Stock Valued at $76.5 billion, Seagate Technology (STX) is one of the largest manufacturers of hard disk drives in the U.S. These drives are responsible for storing information, including at data centers. Seagate ...

The company recently shipped 32TB SkyHawk AI, Exos, and IronWolf Pro hard drives globally through channel and retail partners, with prices that were recommended ranging from about $699.99 to $849.99 per unit, providing direct support to hyperscale workloads.This valuation signifies a market cap that is approximately $74 billion in size, along with a price-to-sales premium multiple of around 8.1x, which is noticeably above the estimated median of the sector, which is as low as 3.7x.On Jan. 23, STX stock was ...

美股存储板块盘前上涨，美光科技涨5%，闪迪、西部数据涨超3%，希捷科技涨2.7%。 美股存储板块盘前上涨，美光科技涨5%，闪迪、西部数据涨超3%，希捷科技涨2.7%。 (本文来自第一财经) (本文来自第一财经) ...

Seagate Technology Holdings PLC Earnings Preview: A Look into the FutureSeagate Technology Holdings PLC (NASDAQ:STX) is a leading figure in the data storage industry, renowned for its hard disk drives and storage solutions. As the company gears up to unveil its quarterly earnings on January 27, 2026, after the market closes, Wall Street analysts have set the earnings per share (EPS) expectation at $2.78 and anticipate revenue to be around $2.73 billion. This announcement is eagerly awaited, considering the ...

Seagate Technology Holdings plc (NASDAQ:STX) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer highlighted the stock’s surge due to an increase in demand, as he commented: After the close, we have our first big shortage stock, and that’s Seagate. This maker of storage and memory chips has been making a fortune because no one saw the massive surge in demand from the data center coming except for a handful of companies, including this one. Stock’s up over 25% for the year. You ...