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Seagate Revenue Surges 44% as AI Demand Drives Record Data Center Shipments

STX10-QFiling Date: 4/29/2026
Seagate Technology Holdings plc
Description

What this story covers

Seagate reports a 44% year-over-year revenue increase to $3.1 billion, fueled by massive demand for high-capacity AI storage. The company is successfully transitioning to HAMR technology while significantly expanding profit margins and aggressively paying down over $1 billion in debt.

Story snapshot

CompanySeagate Technology Holdings plc
TickerSTX
VariantStandard detailed
Duration12:30
Filing type10-Q
PeriodQ1 2026
IndustryTechnology
Accession0001137789-26-000088
Sources1

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Primary Sources

sec_filing10-QView on SEC.gov →

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