Seagate Technology Holdings plc reports developments in mass-capacity data storage, including hard disk drive technology, enterprise storage demand, and consumer storage products. The company serves hyperscale cloud providers, enterprises, and consumers with storage solutions used to protect, create, manage, and scale data.
Recurring Seagate news includes fiscal results, dividend actions, investor-event participation, board governance updates, and product announcements across its Seagate, FireCuda, and LaCie brands. Technology updates also cover its Mozaic platforms, HAMR-based storage, high-capacity drives, and customer qualification activity in hyperscale environments.
Seagate Technology (STX) released its inaugural 2026 Data Infrastructure Readiness Report, based on a survey of 2,712 enterprise technology decision-makers in seven countries, showing that almost all organizations expect AI to increase data storage needs, but many do not feel fully prepared. Nearly all respondents (99%) expect AI to raise storage requirements over the next three years, with 32% anticipating growth of more than half, while only 38% say they are fully ready for AI’s long-term data demands.
The research finds that 86% of organizations report moderate or significant ROI from AI, including 33% with significant measurable ROI, and 98% agree that AI is turning storage into strategic business infrastructure. Data quality and readiness (53%) and storage infrastructure (43%) are leading AI deployment challenges, ranking ahead of compute availability (27%) and energy constraints (24%). Seagate frames an approach called “Sustainable Scaling”, focused on growing AI capacity while improving efficiency, sustainability and long-term data value.
The study reports that 76% of organizations place data center investment among their top three infrastructure priorities, and 20% rank it as the highest. Efficiency and lifecycle planning are increasingly central: 97% agree that extending infrastructure lifecycles greatly improves sustainability, 94% expect more sustainable storage operations within five years, and 77% have delayed or restructured AI infrastructure expansion because of sustainability or energy concerns. AI-driven energy use (52%) and related carbon emissions (51%) are the main environmental issues, indicating that sustainability is becoming a core factor in AI infrastructure planning.
Seagate Technology (STX) has completed settlement of all redemptions and exchanges of the remaining approximately $150.7 million principal amount of Seagate HDD Cayman’s 3.50% Exchangeable Senior Notes due 2028.
On the September 8, 2026 redemption date, notes not exchanged by the September 3, 2026 deadline were redeemed for cash at principal plus accrued and unpaid interest. Notes submitted for exchange were settled with principal in cash and Seagate ordinary shares for the excess exchange obligation, with cash in lieu of fractional shares. In total, Seagate HDD paid approximately $150.97 million in cash and delivered 1,647,862 ordinary shares.
Seagate Technology (NASDAQ: STX) announced that its management will participate in two upcoming investor conferences. On September 9, 2026, Seagate will present at Citi’s 2026 Global TMT Conference at 7:50 AM PT / 10:50 AM ET. On September 10, 2026, management will present at the Goldman Sachs Communacopia + Technology Conference 2026 at 10:10 AM PT / 1:10 PM ET. Seagate will also host investor meetings at both events, with live webcasts and 30-day replays available via its investor relations website.
Seagate Technology (NASDAQ: STX) reported fiscal Q4 2026 revenue of $3.63 billion with GAAP gross margin of 52.3% and GAAP diluted EPS of $5.58 (non-GAAP EPS $5.71). Q4 operating cash flow was $1.3 billion and free cash flow $1.1 billion.
For fiscal 2026, Seagate generated revenue of $12.20 billion, up 34% year over year, GAAP gross margin of 45.6%, GAAP diluted EPS of $13.90 and free cash flow of $3.1 billion. The company reduced debt by $1.4 billion to $3.6 billion, lifted shareholders’ equity to $2.17 billion, and returned $810 million via dividends and buybacks. The board declared a quarterly dividend of $0.74 per share payable October 7, 2026, and issued fiscal Q1 2027 guidance for revenue of $4.1 billion ±$0.1 billion and non-GAAP diluted EPS of $7.30 ±$0.20.
Seagate Technology (NASDAQ: STX) announced it will report its fiscal fourth quarter and fiscal year 2026 financial results after the US market close on Tuesday, July 28, 2026. On the same day, the company will host an investment community conference call at 2:00 PM PT / 5:00 PM ET, with a live audio webcast available via its Investor Relations website at investors.seagate.com.
Seagate (NASDAQ: STX) announced that subsidiary Seagate HDD Cayman will redeem all outstanding 3.50% Exchangeable Senior Notes due 2028. On September 8, 2026, unexchanged notes will be redeemed at principal plus accrued interest in cash, and interest stops accruing after that date.
Holders may exchange notes until 5:00 p.m. New York time on September 3, 2026. The current exchange rate is 12.1363 ordinary shares per $1,000 principal, subject to adjustment on June 25, 2026 due to a $0.74 dividend. Seagate HDD expects to eliminate about $150.7 million of debt.
Seagate (NASDAQ: STX) closed privately negotiated exchanges on May 27, 2026 involving $185.908 million principal of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028.
Noteholders received $185.908 million in cash plus about 2.02 million ordinary shares; exchanged notes were retired, leaving roughly $185.8 million principal outstanding on unchanged terms.
Seagate (NASDAQ: STX) and subsidiary Seagate HDD Cayman agreed on May 20, 2026 to privately exchange $185.908 million principal of 3.50% Exchangeable Senior Notes due 2028.
Noteholders will receive $185.908 million in cash plus Seagate ordinary shares, with share count set over a one-day trading period starting May 21, 2026. Closing is expected around May 26, 2026, leaving about $185.8 million notes outstanding, which will keep their current terms.
Seagate (NASDAQ: STX) announced that Lead Independent Director Mike Cannon will retire from the board at the end of his current term in October 2026. Cannon joined Seagate's board in February 2011 and previously served five years as board chair and five years as lead independent director.
The release summarizes Cannon's 40-year disk drive industry career, prior roles at Boeing, Control Data, IBM, and Maxtor, and notes his leadership during Maxtor's 1998 IPO.
Seagate (NASDAQ: STX) said management will participate in three investor conferences in May–June 2026 with live presentations and investor meetings.
Presentation dates and times: J.P. Morgan on May 18, 2026 at 6:45 AM PT / 9:45 AM ET; TD Cowen on May 27, 2026 at 6:40 AM PT / 9:40 AM ET; Bank of America on June 2, 2026 at 11:20 AM PT / 2:20 PM ET. Webcasts will be on Seagate’s investor site and replays available for at least 30 days.