
Seagate Revenue Hits $2.8 Billion as AI Demand Drives 41.6% Gross Margins
Seagate Technology Holdings plcDescription
What this story covers
Seagate's latest 10-Q highlights a strategic surge in AI-driven demand, propelling quarterly revenue to $2.8 billion. With gross margins reaching 41.6% and a successful HAMR technology ramp-up, the company is capitalizing on mass-capacity storage needs despite geopolitical risks.
Story snapshot
CompanySeagate Technology Holdings plc
TickerSTX
VariantStandard detailed
Duration16:25
Filing type10-Q
PeriodQ1 2026
IndustryTechnology
Accession0001137789-26-000026
Sources1
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