Seagate Q3 2026 earnings beat, raises Q4 forecast on AI demand

Seagate Technology reported third-quarter revenue of $3.11 billion and raised its forecast for the next quarter, pointing to higher demand for data storage as more companies use artificial intelligence. For the quarter ending April 3, Seagate’s GAAP diluted earnings per share were $3.27, up from $1.57 a year ago. On a non-GAAP basis, diluted EPS was $4.10, compared to $1.90 last year. Analysts expected revenue of $2.96 billion and non-GAAP EPS of about $3.97, according to Reuters. GAAP gross margin was 4 ...

Seagate Q3 2026 earnings beat, raises Q4 forecast on AI demand - Reportify