Seagate Technology Holdings PLC
STX
Jodie read · what matters now
Revenue increased 44.1% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to STX, and whether its market group begins moving.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-29 against the comparable filing from 2025-05-02.
What improved
- Revenue increased 44.1% versus the comparable filing period.
- Operating margin improved 12.1 percentage points.
- Net income increased 120.0% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Gross margin for the three and nine months ended April 3, 2026 increased by 12 percentage points and 9 percentage points from the three and nine months ended March 28, 2025, respectively, primarily driven by pricing actions undertaken by the Company, favorable volume and product mix, and $10 million of restructuring costs related to an inventory write down that did not recur.”
“27 Cost of Revenue and Gross Margin For the Three Months Ended For the Nine Months Ended (Dollars in millions) April 3, 2026 January 2, 2026 March 28, 2025 April 3, 2026 March 28, 2025 Cost of revenue $ 1,665 $ 1,649 $ 1,400 $ 4,906 $ 4,367 Gross profit 1,447 1,176 760 3,660 2,286 Gross margin 47 % 42 % 35 % 43 % 34 % Gross margin for the March 2026 quarter increased by 5 percentage points compared to the December 2025 quarter primarily driven by pricing actions undertaken by the Company.”
“Revenue for the three and nine months ended April 3, 2026, increased by $952 million and $1.9 billion from the three and nine months ended March 28, 2025, respectively, primarily due to an increase in nearline exabytes shipped reflecting higher demand for nearline products and favorable pricing actions undertaken by the Company.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind STX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
Live connections
STX is currently a Participant in the organic co-movement group Infrastructure Technology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.