01 · 损益表
10-Q 季报仅提供 GAAP 数据
季度指标
| 指标 |
Q2 FY2026 |
Q1 FY2026 |
Q/Q |
Q2 FY2025 |
Y/Y |
| 营收 Revenue |
$2,825M |
$2,629M |
+7% |
$2,325M |
+22% |
| 毛利率 Gross Margin |
41.6% |
39.4% |
+2.2 ppt |
34.9% |
+6.7 ppt |
| 研发费用 R&D |
$187M |
$186M |
+1% |
$184M |
+2% |
| 销售及管理 SG&A |
$143M |
$144M |
-1% |
$139M |
+3% |
| 折旧摊销 D&A |
$68M |
$72M |
-6% |
$63M |
+8% |
| 股权激励 SBC |
$44M |
$52M |
-15% |
$41M |
+7% |
| 营业利润 Operating Income |
$843M |
$694M |
+21% |
$488M |
+73% |
| 利息费用 Interest Expense |
$72M |
$80M |
-10% |
$84M |
-14% |
| 净利润 Net Income |
$593M |
$549M |
+8% |
$336M |
+76% |
补充指标
| 指标 |
Q2 FY2026 |
Q1 FY2026 |
Q/Q |
Q2 FY2025 |
Y/Y |
| 每股收益 EPS |
$2.60 |
$2.43 |
+7% |
$1.55 |
+68% |
| 稀释股数 Diluted Shares |
228M |
226M |
+1% |
217M |
+5% |
| 实际税率 Effective Tax Rate |
16.1% |
10.6% |
+5.5 ppt |
4.0% |
+12.1 ppt |
end_market
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Data Center |
$2,232M |
79.0% |
+6% |
— |
| Edge IoT |
$593M |
21.0% |
+13% |
— |
Data Center 占比79%，环比下降1ppt（Q1为80%），同比提升4ppt（去年同期75%）。Edge IoT 占比21%，同比下降4ppt。Data Center 包含大容量 nearline 和云/企业级存储及云端视频图像应用；Edge IoT 包含消费级/客户端、NAS、关键任务和 SSD。
geography
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Asia Pacific |
$1,306M |
46.2% |
+27% |
+25% |
| Americas |
$1,228M |
43.5% |
-12% |
+17% |
| EMEA |
$291M |
10.3% |
+39% |
+25% |
收入按 bill-from 地点归属地理区域。Note 8 按国家拆分：Singapore $1,305M, US $1,228M, Netherlands $291M, Other $1M。Asia Pacific 占比从 Q1 的39%升至46%，Americas 从53%降至44%。
customer
| 项目 |
占比 |
| OEMs |
81.0% |
| Distributors |
12.0% |
| Retailers |
7.0% |
按销售渠道拆分。OEM（含超大规模数据中心和CSP）占81%，环比下降2ppt（Q1为83%）。Seagate 未披露具体 >10% 客户名称。