Seagate declares USD 0.76 dividend for Seagate Technology stock

Published on 10/28/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal first-quarter revenue reached USD 4,233 million, up from USD 2,629 million. Seagate Technology stock costs EUR 582.00 on October 28, 2026.

Results and shareholder returns

Seagate reported fiscal first-quarter results on October 27, 2026.
The company declared a USD 0.76 quarterly dividend payable January 7, 2027.
Seagate Technology stock trades at EUR 582.00 at 10:23 a.m. CET at Lang & Schwarz on October 28, 2026.

Seagate, IE00BKVD2N49, Illustration mit AI erstellt.

Seagate Technology Holdings plc (ISIN IE00BKVD2N49) declared a quarterly dividend of USD 0.76 per share while reporting fiscal first-quarter revenue of USD 4,233 million for the period ended October 2, 2026. The Business Wire release was dated October 27, 2026.

Revenue and margins accelerate

The result marked a sharp year-over-year expansion from revenue of USD 2,629 million in fiscal first quarter 2026. GAAP gross margin reached 57.3 percent, compared with 39.4 percent a year earlier, while non-GAAP gross margin was 57.8 percent versus 40.1 percent.

GAAP net income rose to USD 1,761 million from USD 549 million in the prior-year quarter. GAAP diluted earnings per share came to USD 7.59, compared with USD 2.43, while non-GAAP diluted earnings per share reached USD 7.68 versus USD 2.61.

What does the cash return mean?

Seagate generated USD 1.7 billion in operating cash flow and USD 1.5 billion in free cash flow during the fiscal first quarter. It retired USD 1.2 billion of principal debt during the quarter, lowering gross debt to USD 2.4 billion, and later retired another USD 750 million, bringing gross debt to USD 1.6 billion.

The board declared the USD 0.76 dividend for shareholders of record as of December 23, 2026, with payment scheduled for January 7, 2027. The company also returned USD 568 million through dividends and share repurchases during the quarter, linking the stronger earnings result to both balance-sheet reduction and shareholder distributions.

Storage demand remains the key test

Management attributed the outlook to growing data demand and its HAMR-based technology roadmap. The release said the company intends to use higher areal density, supply discipline and value-based pricing to support profitable growth, but it also cautioned that forward-looking expectations remain subject to operational and market risks.

Stock trades at EUR 582.00

Seagate Technology stock was trading at EUR 582.00 at Lang & Schwarz on October 28, 2026, at 10:23 a.m. CET. The quote reflects the intraday price during the regular Xetra session.

The further course of trading is shown by the continuously updated real-time quote of Seagate stock.