Seagate Technology Holdings plc stock research
FY2026 Q3
Seagate Technology Holdings (STX) Gross Margin — Quarter Ended Apr 3, 2026
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit grew more than cost of revenue, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit grew more than cost of revenue, resulting in an improved gross margin.
- The improved gross margin reflects a more favorable balance between revenue and cost of revenue this quarter.
- Compared to the preceding quarter, gross margin improved. Compared to the same quarter one year ago, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
46.5%
Gross profit
$1.4B
Revenue
$3.1B
Cost of revenue
$1.7B
Quarter-over-quarter change
+4.9 pts
Year-over-year change
+11.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 27, 2025 | $2.4B | $914.0M | $1.5B | 37.4% |
| Oct 3, 2025 | $2.6B | $1.0B | $1.6B | 39.4% |
| Jan 2, 2026 | $2.8B | $1.2B | $1.6B | 41.6% |
| Apr 3, 2026 | $3.1B | $1.4B | $1.7B | 46.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 2, 2026
+4.9 pts
Year-over-year change
Mar 28, 2025
+11.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improved gross margin reflects a more favorable balance between revenue and cost of revenue this quarter.
Compared to the preceding quarter, gross margin improved. Compared to the same quarter one year ago, gross margin also improved.
Monitor the trend in cost of revenue as a proportion of revenue.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Seagate Technology Holdings plc (STX) | 46.5% |