Seagate Technology Holdings plc (STX) financials
NASDAQ · Technology · Computer Hardware · 30,000 employees · CEO William David Mosley
- Price
- $644.58 -7.98%
- Market cap
- $147B
- Enterprise value
- $148B
- Last report
- Q1 '27 filed 2026-10-29
- Next report
- 2027-01-27 EPS est. $9.19
Revenue (TTM)$13.8B+44.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)39.5%+16.5 pp vs a year agoOperating income $5.45B
Net income (TTM)$4.4B+156.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$4.38B+259.4% vs a year agoCapex $454M
Diluted EPS (TTM)$19.06+144.7% vs a year agoSum of the last 4 quarters
Net cash-$1.09B+71.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $147B EV $148B
- Revenue
- $13.8B Trailing 12 months
- Revenue growth
- +65% FY2027 consensus
- Profit margin
- 31.9% Net income / revenue, TTM
- P/E
- 32.8× Forward 16.1× (FY2027)
- P/S
- 10.6× Price / sales, TTM
- EV / EBITDA
- 26.4× TTM
- Free cash flow
- $4.38B Trailing 12 months
- Net income
- $4.4B Trailing 12 months
- Revenue estimate
- $20.1B FY2027 consensus
- Earnings
- 2027-01-27 Revenue est. $4.8B
- Dividend
- $2.96 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-27): revenue beat by 2.0%, EPS beat by 3.2%Revenue $4.23B vs $4.15B expected (+2.0%); EPS $7.68 vs $7.44 (+3.2%).
- Revenue growth accelerating: 61.0% year on yearQ1 '27 revenue $4.23B, against an average of 33.8% over the four quarters before.
- Operating margin 39.5% (TTM), +16.5 pp on a year agoOperating income grew 148.5% while revenue grew 44.4%.
- Capex 3.3% of revenue (a year ago 3.2%)$454M invested in the last 4 quarters (+50.3% on a year earlier). Free cash flow $4.38B = 99.6% of net income.
- Returned $1.24B to shareholders = 28.3% of free cash flowBuybacks $588M (a year earlier $29M), dividends $649M, stock-based pay $224M (TTM).
- Diluted share count up 2.7% in a year232M diluted shares in Q1 '27, 226M a year earlier.
- Net debt $1.09BCash + short-term investments $1.26B, debt incl. leases $2.35B; a year ago net debt $3.88B.
Last quarter: Q1 '27
Quarter ended 2026-10-02. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $4.23B | $2.63B | +61.0% |
| Gross margin | 57.3% | 39.4% | +17.9 pp |
| Operating income | $2.06B | $707M | +191.9% |
| Operating margin | 48.8% | 26.9% | +21.9 pp |
| Net income | $1.76B | $549M | +220.8% |
| Diluted EPS | $7.59 | $2.43 | +212.3% |
| Operating cash flow | $1.69B | $532M | +217.7% |
| Capex | $211M | $105M | +101.0% |
| Free cash flow | $1.48B | $427M | +246.4% |
| R&D | $200M | $186M | +7.5% |
| Stock-based compensation | $63M | $52M | +21.2% |
Reported vs consensus
2026-10-27| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $4.23B | $4.15B | +2.0% |
| EPS (as estimated) | $7.68 | $7.44 | +3.2% |
From the report of 2026-10-27 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by region
share of total| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $1.79B | – | 42.4% | – | – | |
| SINGAPORE | $1.97B | – | 46.6% | – | – | |
| NETHERLANDS | $469M | – | 11.1% | – | – | |
| Other Countries | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $4.83B
- Capex
- -$454M
- Buybacks
- -$588M
- Dividends
- -$649M
- Acquisitions
- -$15M
- Net debt issued
- -$2.7B
- Stock-based compensation
- $224M
- Free cash flow
- $4.38B
- Returned to shareholders / FCF
- 28.3%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 32.8× | 37.6× 4 of 5 years | 9.2× – 64.5× |
| EV / EBITDA | 26.4× | 29.3× | 8.5× – 54.1× |
| EV / Sales | 10.7× | 5.4× | 1.7× – 14.9× |
| Price / FCF | 33.5× | 31.9× | 11.9× – 57.8× |
| Price / Book | 42.6× | 111.2× 2 of 5 years | 82.9× – 139.4× |
| FCF yield | 3.0% | 4.2% | 1.7% – 8.4% |
| Return on invested capital | 64.4% | 23.5% | -6.7% – 51.4% |
| Return on equity | 245.1% | 271.4% | -324.3% – 1,512.8% |
Analysts
Consensus target $1,105.93 (+71.6%)
range $750.00 – $1,600.00 · rating Buy
Strong buy1
Buy28
Hold19
Sell4
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $20.1B | +65.1% | $40.14 | +188.8% | 16.1× | 12 |
| FY2028 | $28.2B | +40.3% | $65.81 | +63.9% | 9.8× | 12 |
| FY2029 | $35B | +24.0% | $91.95 | +39.7% | 7.0× | 6 |
| FY2030 | $39B | +11.3% | $110.39 | +20.1% | 5.8× | 2 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 255 figures Seagate Technology Holdings plc tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $175M2026-04-03 | – | – | – | – | – | |
| – | – | – | $19M | – | – | |
| – | – | – | $21M | – | – | |
| Accounts Payable, Current | $1.87B | $1.67B | +12.0% | $1.75B | $1.6B | +9.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.82B | $1.07B | +69.3% | $1.53B | $959M | +60.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | – | – | – | $4M2025-06-27 | $4M | 0.0% |
| Accounts Receivable, before Allowance for Credit Loss, Current | – | – | – | $963M2025-06-27 | $433M | +122.4% |
| Accrued Income Taxes, Noncurrent | $749M | – | – | $436M | $1M | +43,500.0% |
| Accrued Liabilities, Current | $788M | $673M | +17.1% | $744M | $632M | +17.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $8.68B | $8.68B | 0.0% | $8.64B | $8.67B | -0.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4M | -$8M | +50.0% | $0 | -$8M | +100.0% |
| Additional Paid in Capital, Common Stock | $8.19B | $7.78B | +5.3% | $8.08B | $7.71B | +4.8% |
| Advertising Expense | – | – | – | $20M | $21M | -4.8% |
| Amortization of Intangible Assets | – | – | – | $8M | $0 | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | – | – | 0 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | – | – | – | $185M | $163M | +13.5% |
| Assets | $10.3B | $8.44B | +22.3% | $9.97B | $8.02B | +24.3% |
| Assets, Current | $5.4B | $4.03B | +33.8% | $5.22B | $3.65B | +42.9% |
| Cash and Cash Equivalents, at Carrying Value | $1.26B | $1.11B | +13.1% | $1.7B | $891M | +91.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.37B | $1.11B | +23.0% | $1.71B | $893M | +90.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$335M | – | – | $812M | -$467M | +273.9% |
| Common Stock, Dividends, Per Share, Declared | $0.74 | – | – | $2.94 | $2.86 | +2.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 1.25B | 1.25B | 0.0% | 1.25B | 1.25B | 0.0% |
| Common Stock, Shares, Outstanding | 230M | 214M | +7.6% | 227M | 213M | +6.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.76B | – | – | $3.19B | $1.46B | +118.2% |
| Continuing Involvement with Continued to be Recognized Transferred Financial Assets, Amount Outstanding | – | – | – | $02025-06-27 | $294M | -100.0% |
| Contract with Customer, Liability, Noncurrent | $182M | – | – | $188M | $211M | -10.9% |
| Cost of Goods and Services Sold | $1.81B | – | – | $6.64B | $5.9B | +12.5% |
| Costs and Expenses | $2.17B | – | – | $8.1B | $7.21B | +12.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $23M | $16M | +43.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $520M | $32M | +1,525.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $543M | $48M | +1,031.3% |
| Debt Instrument, Interest Rate, Stated Percentage | – | – | – | 8.5%2023-05-30 | – | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | – | – | – | $02024-06-28 | $0 | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $02026-07-03 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost | $02026-07-03 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Realized Loss | – | – | – | $15M | $15M | 0.0% |
| Debt, Long-term and Short-term, Combined Amount | $2.38B | $5.05B | -52.8% | $3.6B | $5.05B | -28.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$50M | -$5M | -900.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $13M | $1M | +1,200.0% |
| Deferred Income Tax Assets, Net | $1.16B | $1.09B | +6.4% | $1.11B | $1.07B | +3.7% |
| Deferred Income Tax Expense (Benefit) | -$57M | – | – | -$34M | -$8M | -325.0% |
| Deferred Income Taxes and Tax Credits | – | – | – | -$37M | -$4M | -825.0% |
| Deferred Tax Assets, Capital Loss Carryforwards | $68M2026-07-03 | $72M | -5.6% | $68M | $72M | -5.6% |
| Deferred Tax Assets, Gross | $1.51B2026-07-03 | $1.54B | -2.3% | $1.51B | $1.54B | -2.3% |
| Deferred Tax Assets, Inventory | $30M2026-07-03 | $37M | -18.9% | $30M | $37M | -18.9% |
| Deferred Tax Assets, Net | $1.09B2026-07-03 | $1.05B | +3.3% | $1.09B | $1.05B | +3.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.17B2026-07-03 | $1.12B | +4.6% | $1.17B | $1.12B | +4.6% |
| Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | – | – | – | $7M2025-06-27 | $4M | +75.0% |
| Deferred Tax Assets, Other | $53M2026-07-03 | $55M | -3.6% | $53M | $55M | -3.6% |
| Deferred Tax Assets, Property, Plant and Equipment | $02026-07-03 | $4M | -100.0% | $0 | $4M | -100.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $609M2026-07-03 | $598M | +1.8% | $609M | $598M | +1.8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | $72M2026-07-03 | $66M | +9.1% | $72M | $66M | +9.1% |
| Deferred Tax Assets, Tax Deferred Expense, Other | $32M2026-07-03 | $10M | +220.0% | $32M | $10M | +220.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $6M2026-07-03 | $15M | -60.0% | $6M | $15M | -60.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Restructuring Charges | $2M2026-07-03 | $0 | – | $2M | $0 | – |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Warranty Reserves | $44M2026-07-03 | $32M | +37.5% | $44M | $32M | +37.5% |
| Deferred Tax Assets, Valuation Allowance | $337M2026-07-03 | $423M | -20.3% | $337M | $423M | -20.3% |
| Deferred Tax Liabilities, Intangible Assets | – | – | – | $02025-06-27 | $1M | -100.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-02, 10-K 2026-07-03, 10-Q 2026-04-03, 10-Q 2026-01-02, 10-Q 2025-10-03, 10-K 2025-06-27, 10-Q 2025-03-28, 10-Q 2024-12-27, 10-Q 2024-09-27
Data as of 2026-11-01