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 (NASDAQ: STX) entered privately negotiated exchange agreements on Feb 11, 2026 to exchange $600 million principal of its 3.50% Exchangeable Senior Notes due 2028 for approximately $599.2 million cash plus a number of ordinary shares.
The exchanges are expected to close on or about Feb 17, 2026, retiring the exchanged notes and leaving roughly $400 million principal outstanding; any shares issued will be unregistered and subject to resale restrictions.
Seagate (NASDAQ: STX) announced management will participate in multiple investor events in late February and March 2026, including Bernstein’s TMT Forum on Feb 25 and the Morgan Stanley TMT Conference on Mar 3. Presentations and investor meetings will be available via live webcast at Seagate’s investor relations site.
A replay will be accessible for at least 30 days after each event.
Seagate Technology (NASDAQ: STX) reported fiscal Q2 2026 results with revenue of $2.83 billion, GAAP gross margin of 41.6% and non-GAAP gross margin of 42.2%. GAAP diluted EPS was $2.60 and non-GAAP diluted EPS was $3.11. The company generated $723 million in cash from operations and $607 million in free cash flow, retired $500 million of exchangeable notes, and paid $154 million in cash dividends. The board declared a quarterly dividend of $0.74 per share payable April 8, 2026. Q3 2026 guidance: revenue $2.90B ± $0.1B and non-GAAP diluted EPS $3.40 ± $0.20.
Seagate Technology (NASDAQ: STX) will report fiscal second quarter 2026 financial results after the U.S. market close on Tuesday, January 27, 2026. An investor conference call to discuss results will be held the same day at 2:00 PM PT / 5:00 PM ET. A live audio webcast will be available on Seagate's investor relations website at investors.seagate.com.
Seagate (NASDAQ: STX) launched industry‑leading 32TB hard drives across its SkyHawk AI, Exos, and IronWolf Pro portfolios, showcased at Intersec 2026 in Dubai.
The edge-to-cloud portfolio targets AI-driven video analytics growth; IDC data cited expects >75% of organizations to see their video data at least double over five years. Drives are available to channel and retail partners worldwide starting January 14, 2026. Recommended retail prices: $699.99 SkyHawk AI, $729.99 Exos, $849.99 IronWolf Pro. Seagate highlights CMR technology and Mozaic lineage for scaling AI workloads at edge and data center.
Seagate (NASDAQ: STX) management will participate in two investor events in early December 2025: the UBS Global Technology and AI Conference on Monday, December 1, 2025 with a presentation at 3:15 PM PT / 6:15 PM ET, and the Nasdaq 53rd Annual Investor Conference on Tuesday, December 9, 2025 with a presentation at 6:30 AM PT / 9:30 AM ET.
Management will host investor meetings at both conferences. A live webcast will be available at Seagate’s Investor Relations website (investors.seagate.com), and a replay will be accessible for at least 30 days after each event.
Seagate (NASDAQ: STX) closed exchanges on November 12, 2025 of $500 million principal amount of Seagate HDD Cayman 3.50% Exchangeable Senior Notes due 2028.
The exchanges were settled for approximately $503.4 million in cash plus approximately 4.3 million ordinary shares of Seagate stock. The share count was determined over the one trading day beginning on November 5, 2025. The exchanged notes have been retired and about $1.0 billion aggregate principal amount of notes remain outstanding on unchanged terms. Shares were issued in private placements under Section 4(a)(2) of the Securities Act.
Seagate (NASDAQ: STX) announced that on November 4, 2025 it entered into privately negotiated exchange agreements to exchange $500 million principal amount of Seagate HDD Cayman 3.50% Exchangeable Senior Notes due 2028 for consideration of approximately $503.4 million in cash plus a number of ordinary shares to be determined over a one trading day period beginning on November 5, 2025. The exchanges are expected to be consummated on or about November 10, 2025, subject to customary closing conditions, and the exchanged notes will be retired at closing.
Following closing, Seagate HDD expects approximately $1.0 billion aggregate principal amount of the notes to remain outstanding. Any ordinary shares issued will be unregistered and not freely tradable except under an exemption from registration.
Seagate (NASDAQ: STX) reported fiscal Q1 2026 results for the quarter ended October 3, 2025: revenue $2.63B (up 21% YoY), GAAP EPS $2.43 and non-GAAP EPS $2.61. Gross margins reached record levels: GAAP 39.4% and non-GAAP 40.1%. Cash flow from operations was $532M and free cash flow $427M. The company returned $182M to shareholders via dividends and buybacks and raised the quarterly dividend ~3% to $0.74 per share.
Q2 fiscal 2026 guidance: revenue $2.70B ± $100M and non-GAAP EPS $2.75 ± $0.20, which incorporates estimated Pillar Two tax effects and estimated dilution from exchangeable notes.
Seagate Technology (NASDAQ: STX) will report fiscal first quarter 2026 financial results after the U.S. market close on Tuesday, October 28, 2025.
An investor conference call is scheduled the same day at 2:00 PM PT / 5:00 PM ET, and a live audio webcast will be available at investors.seagate.com.