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On January 28, Seagate Technology unveiled its financial results for the second fiscal quarter of 2026, which concluded on January 2, 2026. According to the report, the company's revenue for the quarter soared to $2.825 billion, a significant increase from the $2.325 billion recorded during the same period the previous year. The gross margin also saw a notable uptick, rising to 41.6% from 34.9% in the corresponding period last year. Net profit reached $593 million, up from $336 million in the same quarter of the prior year. Moreover, diluted earnings per share climbed to $2.60, compared to $1.55 in the same period last year. Dave Mosley, Seagate's Chairman and CEO, remarked that the company's performance in the quarter surpassed expectations, with the gross margin, operating margin, and non-GAAP earnings per share all achieving unprecedented highs.
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