Can Strong AI Demand Help Seagate Maintain Its Upbeat FY26 Guidance?

Key Takeaways Seagate posted strong Q1 fiscal 2026 results driven by AI-fueled storage demand.STX shipped over 1M HAMR-based Mozaic drives and sees solid cloud customer uptake.Seagate guides Q2 revenue of $2.7B at midpoint with expected margin expansion.Seagate Technology Holdings plc (STX) has entered fiscal 2026 with exceptional momentum, supported heavily by booming AI-driven storage requirements. The company reported robust year-over-year revenue growth, record non-GAAP gross margins and strong operatin ...