Seagate Technology Holdings plc STX
Seagate is a leading provider of mass-capacity data storage, accelerating the world's ability to harness the full value of data. For nearly 50 years, our portfolio of advanced storage solutions has helped hyperscale, cloud service providers ("CSPs"), enterprises and consumers protect, create and manage the data that powers their transformation and growth.
Hard disk drives ("HDDs") remain a foundational technology for delivering scalable, energy-efficient, mass-capacity storage with favorable storage economics that underpins modern digital infrastructure. Our vertically integrated engineering and manufacturing capabilities, together with continued investment in advanced storage technologies, position us to address customers' evolving storage requirements.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.20B | $9.10B | $6.55B | $7.38B | $11.66B | $10.68B | $10.51B | $10.39B | $11.18B | $10.77B |
| Cost of revenue | $6.64B | $5.90B | $5.01B | $6.03B | $8.19B | $7.76B | $7.67B | $7.46B | $7.82B | $7.60B |
| Gross profit | $5.56B | $3.20B | $1.54B | $1.35B | $3.47B | $2.92B | $2.84B | $2.93B | $3.36B | $3.17B |
| R&D | $755.0M | $724.0M | $654.0M | $797.0M | $941.0M | $903.0M | $973.0M | $991.0M | $1.03B | $1.23B |
| SG&A | $577.0M | $561.0M | $460.0M | $491.0M | $559.0M | $502.0M | $473.0M | $453.0M | $562.0M | $606.0M |
| Total operating expenses | $8.10B | $7.21B | $6.10B | $7.73B | $9.71B | $9.19B | $9.21B | $8.90B | $9.55B | $9.72B |
| Operating income | $4.09B | $1.89B | $452.0M | -$342.0M | $1.96B | $1.49B | $1.30B | $1.49B | $1.63B | $1.05B |
| Interest expense | $284.0M | $321.0M | $332.0M | $313.0M | $249.0M | $220.0M | $201.0M | $224.0M | $236.0M | $222.0M |
| Pre-tax income | $3.69B | $1.51B | $445.0M | -$496.0M | $1.68B | $1.35B | $1.03B | $1.37B | $1.42B | $815.0M |
| Income tax | $506.0M | $44.0M | $110.0M | $33.0M | $30.0M | $34.0M | $28.0M | $640.0M | $236.0M | $43.0M |
| Net income | $3.18B | $1.47B | $335.0M | -$529.0M | $1.65B | $1.31B | $1.00B | $2.01B | $1.18B | $772.0M |
| EPS, basic | 14.54 | 6.93 | 1.60 | -2.56 | 7.50 | 5.43 | 3.83 | 7.13 | 4.10 | 2.61 |
| EPS, diluted | 13.90 | 6.77 | 1.58 | -2.56 | 7.36 | 5.36 | 3.79 | 7.06 | 4.05 | 2.58 |
| Shares, diluted (wtd. avg.) | $229.0M | $217.0M | $212.0M | $207.0M | $224.0M | $245.0M | $265.0M | $285.0M | $292.0M | $299.0M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.70B | $891.0M | $1.36B | $788.0M | $617.0M | $1.21B | $1.72B | $2.22B | $1.85B | $2.54B |
| Receivables | $1.53B | $959.0M | $429.0M | $621.0M | $1.53B | $1.16B | $1.11B | $989.0M | $1.18B | $1.20B |
| Inventory | $1.57B | $1.44B | $1.24B | $1.14B | $1.56B | $1.20B | $1.14B | $970.0M | $1.05B | $982.0M |
| Total current assets | $5.22B | $3.65B | $3.33B | $2.90B | $4.03B | $3.78B | $4.11B | $4.36B | $4.31B | $5.04B |
| Property, plant and equipment | $2.03B | $1.66B | $1.61B | $1.71B | $2.24B | $2.18B | $2.13B | $1.87B | $1.79B | $1.88B |
| Goodwill | $1.22B | $1.22B | $1.22B | $1.24B | $1.24B | $1.24B | $1.24B | $1.24B | $1.24B | $1.24B |
| Other intangibles | — | — | — | $0 | $9.0M | $29.0M | $58.0M | $111.0M | $188.0M | $281.0M |
| Total assets | $9.97B | $8.02B | $7.74B | $7.56B | $8.94B | $8.68B | $8.93B | $8.88B | $9.41B | $9.27B |
| Accounts payable | $1.75B | $1.60B | $1.79B | $1.60B | $2.06B | $1.73B | $1.81B | $1.42B | $1.73B | $1.63B |
| Short-term debt | $185.0M | $0 | $479.0M | $63.0M | $584.0M | $245.0M | $19.0M | $0 | — | — |
| Total current liabilities | $3.13B | $2.65B | $3.10B | $2.59B | $3.56B | $2.92B | $2.72B | $2.23B | $3.19B | $2.63B |
| Long-term debt | $3.38B | $5.00B | $5.20B | $5.39B | $5.06B | $4.89B | $4.16B | $4.25B | $4.32B | — |
| Total liabilities | $7.80B | $8.48B | $9.23B | $8.76B | $8.84B | $8.04B | $7.14B | $6.72B | $7.75B | $7.90B |
| Retained earnings | -$5.91B | -$8.15B | -$8.96B | -$8.67B | -$7.12B | -$6.30B | -$4.90B | -$4.35B | -$4.70B | -$4.77B |
| Total equity | $2.17B | -$453.0M | -$1.49B | -$1.20B | $109.0M | $631.0M | $1.79B | $2.16B | $1.67B | $1.36B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.67B | $1.08B | $918.0M | $942.0M | $1.66B | $1.63B | $1.71B | $1.76B | $2.11B | $1.92B |
| Depreciation and amortisation | $276.0M | $251.0M | $264.0M | $513.0M | $451.0M | $397.0M | $379.0M | $541.0M | $598.0M | $749.0M |
| Stock-based compensation | $213.0M | $200.0M | $127.0M | $115.0M | $145.0M | $112.0M | $109.0M | $99.0M | $112.0M | $137.0M |
| Capital expenditure | $569.0M | $265.0M | $254.0M | $316.0M | $381.0M | $498.0M | $585.0M | $602.0M | $366.0M | $434.0M |
| Investing cash flow | -$525.0M | -$276.0M | $126.0M | $217.0M | -$352.0M | -$466.0M | -$635.0M | $846.0M | -$1.59B | -$459.0M |
| Financing cash flow | -$2.34B | -$1.27B | -$473.0M | -$988.0M | -$1.90B | -$1.67B | -$1.60B | -$2.21B | -$1.21B | -$46.0M |
| Dividends paid | $634.0M | $600.0M | $585.0M | $582.0M | $610.0M | $649.0M | $673.0M | $713.0M | $726.0M | $561.0M |
| Buybacks | $176.0M | $0 | $0 | $408.0M | $1.80B | $2.05B | $850.0M | $963.0M | $361.0M | $460.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001137789-26-000159.
Others in SIC 3572
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SNDK | Sandisk Corp | $254.77B | 23.6x | 175.3% |
| WDC | WESTERN DIGITAL CORP | $168.54B | 19.3x | 35.7% |
| NTAP | NetApp, Inc. | $36.45B | 29.2x | 5.4% |
| P | Everpure, Inc. | $33.16B | 180.9x | 15.6% |
| QMCO | QUANTUM CORP /DE/ | $974.6M | — | 2.0% |