Seagate (STX) Climbs to Fresh High on Strong Q3 Earnings

Core Insights - Seagate Technology Holdings Plc has achieved significant stock performance, reaching an all-time high following strong earnings results for Q1 FY2026 [1][2]. Financial Performance - The company reported a net income increase of 80% to $549 million, up from $305 million year-on-year [3]. - Revenues rose by 21% to $2.6 billion, compared to $2.17 billion in the same period last year [3][4]. Market Position and Future Outlook - Seagate's Chairman and CEO, Dave Mosley, highlighted robust customer demand for high-capacity storage products, contributing to the strong revenue growth [4]. - The company anticipates revenues for Q2 FY2026 to be between $2.6 billion and $2.8 billion, with a non-GAAP diluted EPS forecast of $2.55 to $2.95 [5]. Dividend Announcement - Seagate declared a quarterly cash dividend of $0.74 per share, payable on January 9, 2026, to shareholders on record as of December 24 [6].