Seagate Technology Holdings PLC STX

Information TechnologyComputers, Phones & Household ElectronicsSingapore

Last close 644.58 USD on Nov 1, 2026, +134.8% year to date

Quant rating

Quant rating A Rank 4 of 389 in Information Technology

Growth A 17 of 389
Valuation B 125 of 389
Quality A 5 of 389
Revisions A 18 of 389
Momentum C 186 of 389

Wall Street consensus Buy (1.89)Average target 1,034.78 USD +60.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 148.0B
Enterprise value: 149.1B
52-week range: 228.64 – 1,144.50
3-year range: 66.54 – 1,144.50
Dividend yield: 0.47%
Beta (5 years): 2.18
Shares outstanding: 230M
Next earnings: Jan 24, 2027

About the company

Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	12,195	9,097	6,551	7,384	11,661	–
Revenue growth	34.1%	38.9%	−11.3%	−36.7%	9.2%	2.7%
EPS (basic, normalized)	15.58	8.10	1.29	0.19	8.18	–
EPS growth	92.3%	527.9%	578.9%	−97.7%	–	–
Gross margin	45.6%	35.3%	23.4%	18.3%	29.7%	30.5%
Net margin	26.1%	16.1%	5.1%	−7.2%	14.1%	10.9%
ROE	371.5%	–	–	–	445.7%	408.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,258
Current ratio	1.82x
Long-term debt (mil)	2,351
Net debt (mil)	1,093
Total equity (mil)	3,453
Net debt / equity	0.32x
Net debt / EBITDA	0.23x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	12,195	+34.1%	12.2x	4,708	+101.5%	31.7x	15.58	+92.3%	41.4x
2027	20,296	+66.4%	7.3x	11,726	+149.1%	12.7x	40.20	+158.0%	16.0x
2028	28,754	+41.7%	5.2x	19,705	+68.0%	7.6x	66.01	+64.2%	9.8x
2029	35,095	+22.1%	4.2x	23,586	+19.7%	6.3x	89.48	+35.5%	7.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	20,296	+8.3%	+7.8%	+24.0%	40.20	+11.0%	+10.5%	+51.4%
2028	28,754	+12.3%	+10.2%	+39.5%	66.01	+16.3%	+15.8%	+67.8%
2029	35,095	+14.8%	+14.2%	+37.2%	89.48	+10.7%	+19.0%	+93.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,655	1,887	2,168	2,325	2,160	2,444	2,629	2,825	3,112	3,629
Sales mean (mil)	1,678	1,872	2,130	2,318	2,124	2,429	2,545	2,734	2,960	3,486
Surprise	−1.4%	+0.8%	+1.8%	+0.3%	+1.7%	+0.6%	+3.3%	+3.3%	+5.1%	+4.1%
EPS reported	0.33	1.05	1.58	2.03	1.90	2.59	2.61	3.11	4.10	5.71
EPS mean	0.29	0.75	1.49	1.88	1.74	2.45	2.37	2.81	3.51	5.09
Surprise	+15.0%	+39.1%	+6.2%	+8.3%	+9.1%	+5.7%	+10.0%	+10.5%	+16.8%	+12.2%

Peer comparison Computers, Phones & Household Electronics

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
STX Seagate Technology Holdings PLC	148.0B	0.23x	26.1%	42.88x	16.0x	9.8x	12.7x	7.6x
005930 Samsung Electronics Co Ltd	1.09T	−1.57x	13.3%	2.61x	4.8x	3.0x	3.0x	2.0x
AAPL Apple Inc.	5.03T	0.15x	26.8%	46.83x	38.9x	35.8x	29.7x	28.1x
DELL Dell Technologies Inc	269.8B	1.83x	5.2%	−190.30x	16.4x	14.0x	11.8x	10.7x
SNDK SanDisk Corporation	166.3B	−0.40x	56.4%	9.14x	5.2x	4.3x	4.0x	3.3x
WDC Western Digital Corp	137.0B	−0.10x	71.9%	14.65x	14.6x	8.9x	11.5x	7.2x
Mean		0.02x	33.3%	−12.36x	16.0x	12.6x	12.1x	9.8x
Median		0.03x	26.5%	11.89x	15.3x	9.3x	11.7x	7.4x

Technical analysis

1M−30.1%
3M−13.7%
1Y+190.8%
3Y+903.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Seagate Technology Holdings PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	12,195	9,097	6,551	7,384	11,661	10,681
Cost of revenue	6,637	5,884	5,015	6,033	8,192	7,764
Gross profit	5,558	3,213	1,536	1,351	3,469	2,917
Selling, general & administrative expenses	577	561	460	491	559	502
Research & development	755	724	654	797	941	903
Depreciation/amortization	–	–	0	3.0	11.0	12.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	283	37.0	−314	212	3.0	8.0
Other operating expenses	0	0	0	0	0	0
Operating income	3,943	1,891	736	−152	1,955	1,492
Net interest income (expense)	−254	−296	−213	−303	−247	−218
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	1.0	−82.0	−78.0	−41.0	−29.0	74.0
Net income before taxes	3,690	1,513	445	−496	1,679	1,348
Provision for taxes	506	44.0	110	33.0	30.0	34.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	3,184	1,469	335	−529	1,649	1,314
Extraordinary items	–	–	–	–	–	–
Net income	3,184	1,469	335	−529	1,649	1,314
EBIT, normalized	4,226	1,928	422	60.0	1,958	1,500
EBITDA, normalized	4,510	2,179	686	573	2,409	1,897
Basic EPS, normalized	15.58	8.10	1.29	0.19	8.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Seagate Technology Holdings PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	1,704	891	1,358	788	617	1,211
Receivables	1,657	1,080	429	621	1,532	1,158
Total inventory	1,571	1,440	1,239	1,140	1,565	1,204
Prepaid expenses	–	–	–	–	–	–
Other current assets	289	242	306	356	319	206
Total current assets	5,221	3,653	3,332	2,905	4,033	3,779
Property, plant & equipment	2,357	2,010	2,017	2,102	2,333	2,278
Goodwill	1,221	1,221	1,219	1,237	1,237	1,237
Intangibles	11.0	19.0	–	0	9.0	29.0
Long-term investments	–	15.0	61.0	16.0	18.0	18.0
Note receivable	–	–	–	–	–	–
Other long-term assets	1,162	1,105	1,110	1,296	1,314	1,334
Total assets	9,972	8,023	7,739	7,556	8,944	8,675
Liabilities
Accounts payable	1,748	1,604	1,786	1,603	2,058	1,725
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,026	891	687	781	766	798
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	185	0	479	63.0	584	245
Other current liabilities	168	153	147	145	147	153
Total current liabilities	3,127	2,648	3,099	2,592	3,555	2,921
Long-term debt	3,380	4,995	5,195	5,388	5,062	4,894
Minority interest	–	–	–	–	–	–
Other liabilities	1,298	833	936	775	218	229
Total liabilities	7,805	8,476	9,230	8,755	8,835	8,044
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	8,078	7,706	7,471	7,373	7,190	6,977
Retained earnings (accumulated deficit)	−5,911	−8,151	−8,960	−8,670	−7,117	−6,305
Treasury stock	–	–	–	–	–	–
Other equity	0	−8.0	−2.0	98.0	36.0	−41.0
Total equity	2,167	−453	−1,491	−1,199	109	631
Total liabilities & shareholders' equity	9,972	8,023	7,739	7,556	8,944	8,675

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Seagate Technology Holdings PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	3,184	1,469	335	−529	1,649	1,314
Depreciation, depletion & amortization	276	251	264	513	451	397
Deferred taxes	−34.0	−8.0	78.0	10.0	−9.0	−4.0
Non-cash items	407	336	−145	−214	209	63.0
Changes in working capital	−159	−965	386	1,162	−643	−144
Cash from operations	3,674	1,083	918	942	1,657	1,626
Investing activities
Capital expenditures	−569	−265	−254	−316	−381	−498
Other investing cash flows	44.0	−11.0	380	533	29.0	32.0
Cash from investing	−525	−276	126	217	−352	−466
Financing activities
Financing cash flow items	−141	−68.0	−166	−88.0	−57.0	−52.0
Cash dividends paid	−634	−600	−585	−582	−610	−649
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,562	−606	278	−318	−1,232	−972
Cash from financing	−2,337	−1,274	−473	−988	−1,899	−1,673
Foreign exchange effects	0	0	1.0	–	0	0
Net change in cash	812	−467	572	171	−594	−513
Free cash flow	3,105	818	664	626	1,276	1,128

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.