Seagate Technology Holdings PLC

STX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Seagate Earnings: Record Margins and AI Tailwinds Drive Structural Rerating for HDD Industry

Eric Compton

Apr 29, 2026

Seagate delivered a stellar third quarter, shattering records for gross margin (47%) and operating margin (37.5%) while providing a fourth-quarter outlook that suggests the growth engine is only accelerating.

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Seagate Technology Holdings PLC

Seagate Earnings: Record Margins and AI Tailwinds Drive Structural Rerating for HDD Industry

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