Seagate Technology (STX) Q3 2026 earnings results beat EPS and revenue expectations

The storage company continues to benefit from AI data center demand.

Seagate Technology is out with its Q3 2026 earnings results. The company posted earnings-per-share (EPS) of $4.10/share and $3.1 billion in revenue beating expectations of $3.26/share and $2.94 billion, respectively.

Here's what Seagate Technology CEO Dave Mosley had to say in the Q3 2026 earnings release:

Seagate delivered outstanding March quarter results, exceeding the high end of our revenue and EPS guidance, achieving record margin performance, and generating close to $1 billion in free cash flow.
We believe Seagate is entering a new era of structural growth as AI applications amplify data creation and support sustained storage demand. Our areal density-driven product strategy enables us to deliver higher-capacity, energy- and capital-efficient storage at scale. Through disciplined execution, we are strategically positioned to capture these opportunities, and drive profitable growth and long-term value creation.

Seagate Technology (STX) stock jumped over 10% in afterhours trading on this news.

The company issued its Q4 2026 forecast, projecting $3.45 billion in revenue with EPS expected to be between $4.80-$5.20/share.

Things appear to be humming along for many technology firms benefitting from the ongoing AI data center spending explosion, and Seagate shareholders continue to be rewarded with shares hitting an all-time high above $680/share on today's news.

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