NASDAQ: STX
Seagate Technology
Technology · Computer Storage Devices
52-week range
$228.61$1,145.00
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.$195B
Show tableHide table
| Period | Market cap |
|---|---|
| FY2017, ended Jun 30, 2017 | $11.3B |
| FY2018, ended Jun 29, 2018 | $16.2B |
| FY2019, ended Jun 28, 2019 | $12.7B |
| FY2020, ended Jul 3, 2020 | $12.2B |
| FY2021, ended Jul 2, 2021 | $19.8B |
| FY2022, ended Jul 1, 2022 | $14.4B |
| FY2023, ended Jun 30, 2023 | $12.8B |
| FY2024, ended Jun 28, 2024 | $21.7B |
| FY2025, ended Jun 27, 2025 | $30.1B |
| FY2026, ended Jul 3, 2026 | $186B |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $195B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.$13.8B
Show tableHide table
| Period | Revenue |
|---|---|
| FY2017, ended Jun 30, 2017 | $10.8B |
| FY2018, ended Jun 29, 2018 | $11.2B |
| FY2019, ended Jun 28, 2019 | $10.4B |
| FY2020, ended Jul 3, 2020 | $10.5B |
| FY2021, ended Jul 2, 2021 | $10.7B |
| FY2022, ended Jul 1, 2022 | $11.7B |
| FY2023, ended Jun 30, 2023 | $7.38B |
| FY2024, ended Jun 28, 2024 | $6.55B |
| FY2025, ended Jun 27, 2025 | $9.10B |
| FY2026, ended Jul 3, 2026 | $12.2B |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $13.8B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $772M | $1.48B |
| FY2018, ended Jun 29, 2018 | $1.18B | $1.75B |
| FY2019, ended Jun 28, 2019 | $2.01B | $1.16B |
| FY2020, ended Jul 3, 2020 | $1.00B | $1.13B |
| FY2021, ended Jul 2, 2021 | $1.31B | $1.13B |
| FY2022, ended Jul 1, 2022 | $1.65B | $1.28B |
| FY2023, ended Jun 30, 2023 | −$529M | $626M |
| FY2024, ended Jun 28, 2024 | $335M | $664M |
| FY2025, ended Jun 27, 2025 | $1.47B | $818M |
| FY2026, ended Jul 3, 2026 | $3.18B | $3.10B |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $4.40B | $4.16B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.$1.26B
Show tableHide table
| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Jun 30, 2017 | $2.54B |
| FY2018, ended Jun 29, 2018 | $1.85B |
| FY2019, ended Jun 28, 2019 | $2.22B |
| FY2020, ended Jul 3, 2020 | $1.72B |
| FY2021, ended Jul 2, 2021 | $1.21B |
| FY2022, ended Jul 1, 2022 | $615M |
| FY2023, ended Jun 30, 2023 | $786M |
| FY2024, ended Jun 28, 2024 | $1.36B |
| FY2025, ended Jun 27, 2025 | $891M |
| FY2026, ended Jul 3, 2026 | $1.70B |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $1.26B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.$2.35B
Show tableHide table
| Period | Total debt |
|---|---|
| FY2017, ended Jun 30, 2017 | $5.02B |
| FY2018, ended Jun 29, 2018 | $4.82B |
| FY2019, ended Jun 28, 2019 | $4.25B |
| FY2020, ended Jul 3, 2020 | $4.17B |
| FY2021, ended Jul 2, 2021 | $5.14B |
| FY2022, ended Jul 1, 2022 | $964M |
| FY2023, ended Jun 30, 2023 | $5.45B |
| FY2024, ended Jun 28, 2024 | $5.67B |
| FY2025, ended Jun 27, 2025 | $5.00B |
| FY2026, ended Jul 3, 2026 | $3.56B |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $2.35B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 21.3% since 2017.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.230M
Show tableHide table
| Period | Shares outstanding |
|---|---|
| FY2017, ended Jun 30, 2017 | 292M |
| FY2018, ended Jun 29, 2018 | 287M |
| FY2019, ended Jun 28, 2019 | 269M |
| FY2020, ended Jul 3, 2020 | 257M |
| FY2021, ended Jul 2, 2021 | 228M |
| FY2022, ended Jul 1, 2022 | 209M |
| FY2023, ended Jun 30, 2023 | 207M |
| FY2024, ended Jun 28, 2024 | 210M |
| FY2025, ended Jun 27, 2025 | 213M |
| FY2026, ended Jul 3, 2026 | 227M |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | 230M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Oct 2, 2026. Hover or tap a column for another year.Net: $323M more bought back than issued
Show tableHide table
| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $460M | $137M |
| FY2018, ended Jun 29, 2018 | $361M | $112M |
| FY2019, ended Jun 28, 2019 | $963M | $99.0M |
| FY2020, ended Jul 3, 2020 | $850M | $109M |
| FY2021, ended Jul 2, 2021 | $2.05B | $112M |
| FY2022, ended Jul 1, 2022 | $1.80B | $145M |
| FY2023, ended Jun 30, 2023 | $408M | $115M |
| FY2024, ended Jun 28, 2024 | $0 | $127M |
| FY2025, ended Jun 27, 2025 | $0 | $200M |
| FY2026, ended Jul 3, 2026 | $176M | $213M |
| Trailing 12 months to Oct 2, 2026 (through Q1 FY2027) | $547M | $224M |
Revenue (TTM)
$13.8B
+44.4% YoY
Net income (TTM)
$4.40B
+157% YoY
Cash
$1.26B
+13.1% YoY
Total debt
$2.35B
−52.9% YoY
Valuation
At current price- Market Cap
- $148B
- P/E
- 33.7×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 10.7×
- Price / Book
- 42.9×
- EV / EBITDA
- 26.0×
Growth
Trailing 12 months- Revenue (TTM)
- $13.8B
- Revenue Growth YoY
- 44.4%
- Revenue CAGR 3Y
- 18.2%
- Revenue CAGR 5Y
- 2.7%
- EPS Growth YoY
- 145%
- Net Income Growth YoY
- 157%
Profitability
Trailing 12 months- Gross Margin
- 50.4%
- Operating Margin
- 39.6%
- Net Margin
- 31.9%
- FCF Margin
- 30.1%
- Return on Equity
- 127%
Earnings
Trailing 12 months- Net Income
- $4.40B
- EPS (diluted)
- $19.06
- EBITDA
- $5.74B
- Operating Income
- $5.46B
Balance Sheet
As of Oct 2, 2026- Cash and cash equivalents
- $1.26B
- Total Debt
- $2.35B
- Net Debt
- $1.09B
- Total Assets
- $10.3B
- Total Liabilities
- $6.87B
- Shareholders' Equity
- $3.45B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $4.83B
- Capital Expenditure
- $675M
- Free Cash Flow
- $4.16B
Dividends and risk
Last 12 months- Dividend Yield
- 0.5%
- Dividend / Share
- $2.96
- Beta (5Y)
- 2.05
Every ratio is calculated from the company’s reported figures.
Strength
Revenue grew 44.4% over the last year, to $13.8B.
Strength
Operating margin widened 16.8 pts in a year, to 39.6%.
Note
Net debt of $1.09B is 0.2× EBITDA, a manageable load.
Strength
Turns 30.1% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Oct 2, 2026 · filed Oct 29, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2026 · 10-K74Good news
74Good news
10-K for the fiscal year ended Jul 3, 2026
Filed Aug 4, 2026 · Read the filing on EDGAR
- Revenue rose 34% to $12.2 billion and net income more than doubled to $3.2 billion, on strong cloud demand for high-capacity drives and price increases.
- Gross margin rose to 46% from 35%. Operating cash flow more than tripled to $3.7 billion, and cash nearly doubled to $1.7 billion.
- Seagate cut debt by $1.4 billion, mostly by settling its 2028 exchangeable notes. It called the remaining $185 million and repaid $1 billion more after year end.
- It took a $105 million legal settlement charge, and its tax rate rose to 13.7% from 2.9% as a new global minimum tax took effect.
Business momentum
Strong improvement
“Revenue in fiscal year 2026 increased approximately 34%, or $3.1 billion, from fiscal year 2025, primarily due to an increase in nearline exabytes shipped”
Outlook
Positive
“We believe our hard drive storage business will continue to benefit from growing demand for data creation, retention and utilization supported by the increasing value organizations derive from their data.”
Financial stress
Low
“Our primary sources of liquidity as of July 3, 2026, consist of: (1) approximately $1.7 billion in cash and cash equivalents, (2) cash we expect to generate from operations and (3) $1.3 billion available for borrowing”
Tone against the previous report
More positive
Red flags
- Minor
Major lawsuit
“We recorded a charge of $105 million in fiscal year 2026 related to a litigation matter.”
Positives
Much higher margins
“gross margin increased by 11 percentage points compared to the prior fiscal year primarily driven by pricing actions undertaken by the Company and product mix shift to higher capacity products”
Strong cash generation and lower debt
“We reduced our outstanding debt by $1.4 billion through exchanges of our 2028 Notes for total consideration of $1.3 billion cash and approximately 12.6 million of our ordinary shares”
Shareholder payouts resumed and growing
“Our operating cash flow was $3.7 billion and we paid $634 million in dividends and repurchased $176 million of our ordinary shares.”
Concerns
Heavy dependence on one large customer
“In fiscal year 2026, one customer accounted for approximately 14% of our consolidated revenue.”
Legal settlements to pay
“As of July 3, 2026, we accrued a total of $225 million relating to legal settlements, of which $150 million is expected to be paid within one year”
Losses from retiring debt early
“$284 million of interest expense and $151 million of net loss from debt transactions”
New risks since the previous report
Global minimum tax raises the tax bill
“The Pillar Two framework for the global minimum tax has increased the level of income tax that Seagate is subject to.”
Demand tied to the pace of customers' AI spending
“the pace of their AI-related infrastructure investments, the timing of our customers' monetization of their AI investments and broader economic conditions”
Falling demand for consumer hard drives
“The deterioration of demand for disk drives in these consumer and client-centric markets has accelerated, and we believe this deterioration may continue and may further accelerate”
Middle East conflict, including Iran
“such as the conflict between Ukraine and Russia and conflicts in the Middle East, including the Iran conflict”
Biggest risks named
- Reliance on a few large cloud and data-center customers
- Demand swings tied to customers' AI and cloud spending
- Tariffs, export controls and the Huawei settlement terms
- Delays in the shift to HAMR drive technology
- Supply shortages, including rare earths from China
Artificial intelligence in this business: Material to the business
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | +3 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −1.2 | |
| New risks | −2 | |
| Score | 74 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 29, 2026 | Pro | |||
| 10-K | Aug 4, 2026 | 74 | Strong improvement | 1 minor | |
| 10-K | Aug 1, 2025 | 75 | Strong improvement | None | |
| 10-K | Aug 2, 2024 | 60 | Mixed | None | |
| 10-K | Aug 4, 2023 | 25 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Aug 5, 2022 | 68 | Strong improvement | None | |
| 10-K | Aug 6, 2021 | 71 | Strong improvement | None | |
| 10-K | Aug 7, 2020 | 51 | Mixed | 1 minor | |
| 10-K | Aug 2, 2019 | 54 | Mixed | None | |
| 10-K | Aug 3, 2018 | 73 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q1 FY2027 (period ended Oct 2, 2026), filed Oct 29, 2026. View filings on SEC EDGAR