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Celestica Reports Fiscal 2Q26 Financial Results
**Seagate Reports Record Fiscal 2026 Results, Driven by Cloud Data Center Demand and AI Storage Needs** Seagate Technology Holdings plc, a leading innovator in mass-capacity data storage, announced strong financial results for its fiscal fourth quarter and full year ended July 3, 2026, exceeding expectations on revenue and non-GAAP EPS. For Fiscal Q4 2026, revenue reached $3.6 billion, with a GAAP gross margin of 52.3% and non-GAAP gross margin of 52.7%. Diluted GAAP EPS was $5.58, while non-GAAP diluted EPS was $5.71. The company generated $1.3 billion in cash flow from operations and $1.1 billion in free cash flow, retiring $302 million in debt and returning $283 million to shareholders. For the full Fiscal Year 2026, Seagate posted revenue of $12.2 billion, marking a 34% annual growth. GAAP gross margin stood at 45.6%, with non-GAAP gross margin at 46.1%. Diluted GAAP EPS was $13.90, and non-GAAP diluted EPS was $15.58. Operating cash flow reached $3.7 billion, while free cash flow hit a record $3.1 billion. The company reduced total debt by $1.4 billion to $3.6 billion and returned $810 million to shareholders. Cash and equivalents totaled $1.7 billion at year-end, with 227 million ordinary shares outstanding. CEO Dave Mosley attributed the record performance to robust cloud data center demand and disciplined execution, noting AI's acceleration of data generation drives durable long-term demand for mass capacity storage. Seagate’s Mozaic platform and HAMR technology roadmap position the company to scale efficiently and drive profitable growth. **Business Outlook for Fiscal Q1 2027:** Seagate forecasts revenue of $4.1 billion (±$100 million) and non-GAAP diluted EPS of $7.30 (±$0.20), excluding estimated share-based compensation of $0.26 per share. Guidance assumes minimal impact from global tariff policies and Middle East conflict, with net dilutive effects from Exchangeable Senior Notes due 2028.