Seagate Technology Holdings plc (STX) Earnings Call Transcripts

Seagate Technology Holdings plc's Latest Earnings Call - September 10, 2026

In the earnings call held on September 10, 2026, Seagate Technology Holdings plc (STX:US) highlighted strong demand for storage solutions driven by AI and data center growth. The company reported a revenue increase, with a notable 11% year-over-year price per exabyte rise, suggesting robust pricing power. Management maintained a positive outlook, indicating that they expect continued revenue and margin growth throughout the fiscal year, supported by disciplined CapEx and technology advancements.

Reported metrics

Guidance from management

Management expects continued revenue and margin growth for every quarter of the fiscal year, supported by existing purchase orders and disciplined CapEx management.

What management said

Yes. Before we start, let me inform everyone that I will be making forward-looking statements today, and you can learn more about the risk associated with those statements on our website. Well, it's a very good question. How if you look at the CapEx of our customers, the growth in their CapEx is signaling still being in the fourth part of the phase of AI investments and therefore, for what we are concerned on investm...

In general, I would say, it's important for VC to be disciplined with CapEx and with capacity addition. I think we have been very well aligned to this discipline for 2 or 3 years at this point in time. The business is growing because of technology, not because of more units. We move up in technology with products that have more content in science, and that is generating at the end of the quarter, more exabyte. And fi...

What analysts pressed on

Analysts expressed concerns about potential oversupply in the market and how it might impact future demand. There were questions regarding the sustainability of pricing power in a changing market environment.

Main topics on the call

• Strong Demand for AI Infrastructure — Management emphasized that customer CapEx growth signals ongoing investment in AI storage solutions, particularly in public cloud and on-prem data centers. CFO Gianluca Romano stated, "the business is growing because of ...
• Exabyte Growth Strategy — Seagate continues to focus on exabyte growth through technological advancements rather than increasing unit production. Romano noted, "we need to focus... on our technology to continue to grow in exabyte year after year....
• Pricing Power and Strategy — The company has successfully shifted to a pricing strategy that has resulted in an 11% year-over-year price increase per exabyte. Romano mentioned, "the value of storage is much higher," indicating strong pricing power m...
• HAMR Technology Adoption — Seagate is ramping up production of its HAMR technology, with expectations that 80-90% of future sales will be HAMR-based. Romano confirmed, "by December... we will be at that level for the 40 terabyte drive," indicating...

Read the full Seagate Technology Holdings plc transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 89 Seagate Technology Holdings plc earnings call transcripts on record, spanning February 4, 2020 to September 10, 2026. Based on this history, Seagate Technology Holdings plc reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

STX

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

89

First call

February 4, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly