STX posts record margins and cash flow on strong storage demand
According to TradingView, STX revenue rose 61% to $4.2 billion and non-GAAP EPS hit a record $7.68. The company expects growth in December.
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what happened
According to TradingView, STX revenue grew 61% year over year to $4.2 billion. Record non-GAAP earnings per share reached $7.68, and free cash flow came to $1.5 billion.
The company credits strong cloud demand, higher pricing and ramps of its Mozaic program. Its December guidance points to growth, and it is moving toward larger share buybacks.
The source describes the text as an AI-generated summary, so specific figures should be checked against the original report.
why it matters
High margins and solid cash generation give the company more room for buybacks and support its shares. Limited supply alongside strong demand makes the storage cycle a key theme for sector investors.
market impact
STX shares: record results and buyback plans support the stock
- STX shares pressure up — record margins and larger buybacks support demand for the stock
tags
instruments
sources
- STX: Record margins and cash flow meet a strong, supply-constrained storage demand cycle — TradingView, 27 October 2026 at 23:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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