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Get filing alertsSeagate reports Q4 revenue of $3.6B, non-GAAP EPS of $5.71; guides Q1 FY2027 to $4.1B
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
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high
Q4 FY2026 revenue reached $3.6B (up 120.5% YoY), non-GAAP EPS $5.71 (vs. $2.59 prior year), and free cash flow $1.1B, driven by robust cloud data center demand.
Exhibit 99.1 view on EDGAR → -
high
Full-year FY2026 revenue $12.2B (up 34% YoY), non-GAAP EPS $15.58 (nearly doubled from $8.10), and record free cash flow $3.1B; retired $1.4B in debt and returned $810M to shareholders.
Exhibit 99.1 view on EDGAR → -
high
Q1 FY2027 guidance: revenue $4.1B (±$100M), non-GAAP EPS $7.30 (±$0.20), representing sequential growth from Q4 and signaling continued strong demand.
Exhibit 99.1 view on EDGAR → -
medium
Board declared quarterly dividend of $0.74 per share, payable Oct 7, 2026 to shareholders of record Sept 24, 2026 (modest increase from $0.72 prior year).
Item 7.01 verify on EDGAR → -
high
Ended FY2026 with total debt of $3.6B (down $1.4B for the year), cash $1.7B, and 227M shares outstanding, reflecting strengthened balance sheet and financial flexibility.
Exhibit 99.1 view on EDGAR →
Summary
Seagate reported strong fiscal first quarter 2026 results, with Q4 revenue of $3.6 billion (up 48% year-over-year) and non-GAAP EPS of $5.71, nearly doubling from $2.59 in the prior-year quarter. For the full fiscal year, revenue reached $12.2 billion (up 92.3%), non-GAAP EPS climbed to $15.58 from $8.10, and the company generated record free cash flow of $3.1 billion.
Management attributed the performance to robust cloud data center demand and disciplined execution. The company used its strong cash generation to retire $1.4 billion in debt during the year, ending with total debt of $3.6 billion and cash of $1.7 billion, while returning $810 million to shareholders through dividends and repurchases.
For fiscal first quarter 2027, Seagate guided revenue to $4.1 billion (plus or minus $100 million) and non-GAAP EPS to $7.30 (plus or minus $0.20), representing sequential growth from the fourth quarter and signaling continued momentum. The Board also declared a quarterly dividend of $0.74 per share, payable October 7, 2026, a modest increase from the prior year. Retail holders should note the combination of strong profitability, improving balance sheet health, and sequential growth guidance, which together suggest the cloud-driven demand cycle remains intact and the company is positioned to sustain both capital returns and debt reduction.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 28, 2026, the Board of Directors of the Company declared a quarterly cash dividend of $0.74 per share, which will be payable on October 7, 2026 to shareholders of record as of the close of business on September 24, 2026.
Seagate's Board declared a quarterly cash dividend of $0.74 per share. The dividend will be paid on October 7, 2026 to shareholders of record as of September 24, 2026. This represents a regular capital return to shareholders.
Added in current filing · verify on EDGAR →
Seagate management will hold a public webcast on July 28, 2026 at 2:00 p.m. Pacific / 5:00 p.m. Eastern that can be accessed on its Investor Relations website at investors.seagate.com. During the webcast, the Company will provide an outlook for its fiscal first quarter of 2027 including key underlying assumptions.
Seagate will hold a webcast on July 28, 2026 at 2:00 p.m. Pacific to provide guidance for its fiscal first quarter of 2027, including key underlying assumptions. The webcast will be accessible on the company's investor relations website and archived for approximately $0.74 one year.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Revenue of $3.6 billion
▪GAAP gross margin of 52.3%; non-GAAP gross margin of 52.7%
▪GAAP diluted earnings per share (EPS) of $5.58; non-GAAP diluted EPS of $5.71
▪Cash flow from operations of $1.3 billion and free cash flow of $1.1 billion
Seagate reported fiscal fourth quarter 2026 revenue of $3.6 billion, up 48% from $2.4 billion in the prior-year quarter. Non-GAAP gross margin reached 52.7%, and non-GAAP diluted EPS was $5.71, compared to $2.59 a year earlier. The company generated $1.3 billion in operating cash flow and $1.1 billion in free cash flow during the quarter, reflecting strong profitability and cash generation driven by robust cloud data center demand.
Added in current filing · view on EDGAR →
Revenue of $12.2 billion
▪GAAP gross margin of 45.6%; non-GAAP gross margin of 46.1%
▪GAAP diluted EPS of $13.90; non-GAAP diluted EPS of $15.58
▪Cash flow from operations of $3.7 billion and free cash flow of $3.1 billion
▪Retired $1.4 billion in debt and returned $810 million to shareholders through dividends and share repurchases
For fiscal year 2026, Seagate delivered revenue of $12.2 billion, up 34% from $9.1 billion in fiscal 2025. Non-GAAP diluted EPS nearly doubled to $15.58 from $8.10. The company generated record free cash flow of $3.1 billion, retired $1.4 billion in debt, and returned $810 million to shareholders. Management attributed the performance to robust cloud data center demand and disciplined execution, with momentum expected to continue into fiscal 2027.
Added in current filing · view on EDGAR →
Revenue of $4.1 billion, plus or minus $100 million
•Non-GAAP diluted EPS of $7.30, plus or minus $0.20
Seagate guided fiscal first quarter 2027 revenue to $4.1 billion (plus or minus $100 million) and non-GAAP diluted EPS to $7.30 (plus or minus $0.20). The midpoint revenue guidance of $4.1 billion represents sequential growth from the $3.6 billion reported in Q4 FY2026, signaling continued strong demand. The guidance includes minimal expected impact from global tariff policies or the Middle East conflict as of the filing date.
Added in current filing · view on EDGAR →
the Company strengthened its balance sheet position, reducing its overall debt by $302 million during the fiscal fourth quarter and $1.4 billion during fiscal year 2026, exiting the fiscal year with total debt of $3.6 billion. As of the end of the fiscal year, cash and cash equivalents totaled $1.7 billion, and there were 227 million ordinary shares issued and outstanding.
Seagate reduced total debt by $1.4 billion during fiscal 2026, including $302 million in the fourth quarter, ending the year with $3.6 billion in total debt. Cash and cash equivalents stood at $1.7 billion, and 227 million ordinary shares were outstanding. The debt reduction and strong cash position reflect the company's focus on balance sheet health and financial flexibility, supported by record free cash flow generation.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify