Seagate Technology Holdings plc (STX) FY2026 Financial Statements: Revenue $12.20B, Net income $3.18B
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PeriodFY2026
Published
Seagate Technology Holdings plc reported $12.20 billion in revenue for FY2026, the 53-week fiscal year ended July 3, 2026, up 34.1% from a year earlier, and net income of $3.18 billion, up 116.7%. Seagate attributed the revenue increase mainly to higher nearline exabyte shipments into cloud and other data center demand and to its own pricing actions, and gross profit of $5.56 billion grew faster than revenue, up 73.7%. Diluted earnings per share were $13.90, up 105.3%, and cash provided by operating activities was $3.67 billion, up 239.2%.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $12,195,000,000 | up 34.1% |
| Net income | $3,184,000,000 | up 116.7% |
| Diluted EPS | $13.90 | up 105.3% |
| Gross profit | $5,558,000,000 | up 73.7% |
| Operating cash flow | $3,674,000,000 | up 239.2% |
About this file
| Ticker | STX |
|---|---|
| CIK | 0001137789 |
| Company | Seagate Technology Holdings plc |
| Business type | industrial |
| Schema template | standard industrial/technology: revenue, cost of revenue, gross profit, operating income, net income and per-share amounts; cash, debt, assets and equity; operating cash flow, capital expenditure and free cash flow. Seagate manufactures and sells hard disk drives and storage systems and reports a single operating segment, so a product-company template fits it directly. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts are actual shares; per-share amounts are in dollars |
STX annual income statement, balance sheet and cash flow
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Fiscal year | 2026 | 2025 | 2024 |
| Label | FY2026 | FY2025 | FY2024 |
| Period start | 2025-06-28 | 2024-06-29 | 2023-07-01 |
| Period end | 2026-07-03 | 2025-06-27 | 2024-06-28 |
| Period type | fiscal year (53 weeks) | fiscal year (52 weeks) | fiscal year (52 weeks) |
| Source accession | 0001137789-26-000159 | 0001137789-26-000159 | 0001137789-26-000159 |
| Income statement | |||
| Revenue | 12,195,000,000 | 9,097,000,000 | 6,551,000,000 |
| Cost of revenue | 6,637,000,000 | 5,897,000,000 | 5,015,000,000 |
| Gross profit | 5,558,000,000 | 3,200,000,000 | 1,536,000,000 |
| Product development | 755,000,000 | 724,000,000 | 654,000,000 |
| Marketing and administrative | 577,000,000 | 561,000,000 | 460,000,000 |
| Legal settlement | 105,000,000 | 0 | 0 |
| Restructuring and other net | 27,000,000 | 25,000,000 | -30,000,000 |
| Total operating expenses | 8,101,000,000 | 7,207,000,000 | 6,099,000,000 |
| Operating income | 4,094,000,000 | 1,890,000,000 | 452,000,000 |
| Interest income | 30,000,000 | 25,000,000 | 15,000,000 |
| Interest expense | -284,000,000 | -321,000,000 | -332,000,000 |
| Net gain from termination of interest rate swap | 0 | 0 | 104,000,000 |
| Net gain from business divestiture | 0 | 8,000,000 | 313,000,000 |
| Net loss from debt transactions | -151,000,000 | -7,000,000 | -29,000,000 |
| Other net | 1,000,000 | -82,000,000 | -78,000,000 |
| Other expense net | -404,000,000 | -377,000,000 | -7,000,000 |
| Income before income taxes | 3,690,000,000 | 1,513,000,000 | 445,000,000 |
| Provision for income taxes | 506,000,000 | 44,000,000 | 110,000,000 |
| Net income | 3,184,000,000 | 1,469,000,000 | 335,000,000 |
| Basic EPS | 14.54 | 6.93 | 1.6 |
| Diluted EPS | 13.9 | 6.77 | 1.58 |
| Basic shares | 219,000,000 | 212,000,000 | 209,000,000 |
| Diluted shares | 229,000,000 | 217,000,000 | 212,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 1,704,000,000 | 891,000,000 | |
| Accounts receivable net | 1,534,000,000 | 959,000,000 | |
| Inventories net | 1,571,000,000 | 1,440,000,000 | |
| Total current assets | 5,221,000,000 | 3,653,000,000 | |
| Property equipment and leasehold improvements net | 2,034,000,000 | 1,657,000,000 | |
| Goodwill | 1,221,000,000 | 1,221,000,000 | |
| Deferred income taxes | 1,105,000,000 | 1,066,000,000 | |
| Total assets | 9,972,000,000 | 8,023,000,000 | |
| Accounts payable | 1,748,000,000 | 1,604,000,000 | |
| Current portion of long term debt | 185,000,000 | 0 | |
| Total current liabilities | 3,127,000,000 | 2,648,000,000 | |
| Long term debt less current portion | 3,380,000,000 | 4,995,000,000 | |
| Total liabilities | 7,805,000,000 | 8,476,000,000 | |
| Total equity | 2,167,000,000 | -453,000,000 | |
| Total debt | 3,565,000,000 | 4,995,000,000 | |
| Cash flow | |||
| Operating cash flow | 3,674,000,000 | 1,083,000,000 | 918,000,000 |
| Depreciation and amortization | 276,000,000 | 251,000,000 | 264,000,000 |
| Share based compensation | 213,000,000 | 200,000,000 | 127,000,000 |
| Capex | -569,000,000 | -265,000,000 | -254,000,000 |
| Free cash flow | 3,105,000,000 | 818,000,000 | 664,000,000 |
| Investing cash flow | -525,000,000 | -276,000,000 | 126,000,000 |
| Financing cash flow | -2,337,000,000 | -1,274,000,000 | -473,000,000 |
| Debt redemption and repurchase | -1,442,000,000 | -1,078,000,000 | -1,288,000,000 |
| Dividends paid | -634,000,000 | -600,000,000 | -585,000,000 |
| Dividends declared per ordinary share | 2.94 | 2.86 | 2.8 |
| Repurchases of ordinary shares | -176,000,000 | 0 | 0 |
| Revenue by channel | |||
| Oems | 9,819,000,000 | 7,282,000,000 | 4,896,000,000 |
| Distributors | 1,638,000,000 | 1,060,000,000 | 972,000,000 |
| Retailers | 738,000,000 | 755,000,000 | 683,000,000 |
| Total | 12,195,000,000 | 9,097,000,000 | 6,551,000,000 |
| Revenue by country | |||
| United states | 6,146,000,000 | 4,410,000,000 | 2,308,000,000 |
| Singapore | 4,880,000,000 | 3,759,000,000 | 3,429,000,000 |
| The netherlands | 1,165,000,000 | 924,000,000 | 802,000,000 |
| Other | 4,000,000 | 4,000,000 | 12,000,000 |
| Total | 12,195,000,000 | 9,097,000,000 | 6,551,000,000 |
STX quarterly income statement, balance sheet and cash flow
| Q4 FY2026 | Q3 FY2026 | Q3 FY2025 | |
|---|---|---|---|
| Fiscal year | 2026 | 2026 | 2025 |
| Fiscal quarter | 4 | 3 | 3 |
| Label | Q4 FY2026 | Q3 FY2026 | Q3 FY2025 |
| Period start | 2026-04-04 | 2026-01-03 | 2024-12-28 |
| Period end | 2026-07-03 | 2026-04-03 | 2025-03-28 |
| Period type | three months (13 weeks) | three months (13 weeks) | three months (13 weeks) |
| Source accession | 0001137789-26-000159 | 0001137789-26-000088 | 0001137789-26-000088 |
| Income statement | |||
| Revenue | 3,629,000,000 | 3,112,000,000 | 2,160,000,000 |
| Cost of revenue | 1,731,000,000 | 1,665,000,000 | 1,400,000,000 |
| Gross profit | 1,898,000,000 | 1,447,000,000 | 760,000,000 |
| Product development | 188,000,000 | 194,000,000 | 180,000,000 |
| Marketing and administrative | 147,000,000 | 143,000,000 | 139,000,000 |
| Legal settlement | 0 | 105,000,000 | 0 |
| Restructuring and other net | 4,000,000 | 7,000,000 | 10,000,000 |
| Total operating expenses | 2,070,000,000 | 2,114,000,000 | 1,729,000,000 |
| Operating income | 1,559,000,000 | 998,000,000 | 431,000,000 |
| Interest income | 10,000,000 | 6,000,000 | 4,000,000 |
| Interest expense | -64,000,000 | -68,000,000 | -77,000,000 |
| Net gain from termination of interest rate swap | 0 | ||
| Net gain from business divestiture | 0 | ||
| Net loss from debt transactions | -10,000,000 | -69,000,000 | -4,000,000 |
| Other net | 10,000,000 | -3,000,000 | 1,000,000 |
| Other expense net | -54,000,000 | -134,000,000 | -76,000,000 |
| Income before income taxes | 1,505,000,000 | 864,000,000 | 355,000,000 |
| Provision for income taxes | 211,000,000 | 116,000,000 | 15,000,000 |
| Net income | 1,294,000,000 | 748,000,000 | 340,000,000 |
| Basic EPS | 3.38 | 1.6 | |
| Diluted EPS | 3.27 | 1.57 | |
| Basic shares | 221,000,000 | 212,000,000 | |
| Diluted shares | 229,000,000 | 216,000,000 | |
| Balance sheet | |||
| Cash and cash equivalents | 1,704,000,000 | 1,146,000,000 | |
| Accounts receivable net | 1,534,000,000 | 1,197,000,000 | |
| Inventories net | 1,571,000,000 | 1,530,000,000 | |
| Total current assets | 5,221,000,000 | 4,299,000,000 | |
| Property equipment and leasehold improvements net | 2,034,000,000 | 1,852,000,000 | |
| Goodwill | 1,221,000,000 | 1,221,000,000 | |
| Deferred income taxes | 1,105,000,000 | 1,099,000,000 | |
| Total assets | 9,972,000,000 | 8,892,000,000 | |
| Accounts payable | 1,748,000,000 | 1,694,000,000 | |
| Current portion of long term debt | 185,000,000 | 398,000,000 | |
| Total current liabilities | 3,127,000,000 | 3,241,000,000 | |
| Long term debt less current portion | 3,380,000,000 | 3,465,000,000 | |
| Total liabilities | 7,805,000,000 | 7,797,000,000 | |
| Total equity | 2,167,000,000 | 1,095,000,000 | |
| Total debt | 3,565,000,000 | 3,863,000,000 | |
| Cash flow | |||
| Operating cash flow | 1,305,000,000 | ||
| Depreciation and amortization | 70,000,000 | ||
| Share based compensation | 54,000,000 | ||
| Capex | -187,000,000 | ||
| Free cash flow | 1,118,000,000 | ||
| Investing cash flow | -156,000,000 | ||
| Financing cash flow | -591,000,000 | ||
| Debt redemption and repurchase | -300,000,000 | ||
| Dividends paid | -166,000,000 | ||
| Dividends declared per ordinary share | 0.74 | 0.74 | 0.72 |
| Repurchases of ordinary shares | -117,000,000 | ||
| Derivation | Discrete fourth quarter, obtained by difference: every income-statement and cash-flow amount is the fiscal 2026 figure reported in the FY2026 10-K (accession 0001137789-26-000159) less the corresponding nine-month figure reported in the Q3 FY2026 10-Q (accession 0001137789-26-000088). Revenue, for example, is $12,195 million less $8,566 million. The balance sheet is not derived: it is the July 3, 2026 balance sheet as printed in the 10-K. No per-share amounts are stated, because weighted-average share counts cannot be differenced. | ||
| Derived from accessions | 0001137789-26-000159; 0001137789-26-000088 | ||
STX year-to-date income statement and cash flow
| Nine months ended April 3, 2026 | |
|---|---|
| Label | Nine months ended April 3, 2026 |
| Period start | 2025-06-28 |
| Period end | 2026-04-03 |
| Period type | nine months |
| Source accession | 0001137789-26-000088 |
| Income statement | |
| Revenue | 8,566,000,000 |
| Cost of revenue | 4,906,000,000 |
| Gross profit | 3,660,000,000 |
| Product development | 567,000,000 |
| Marketing and administrative | 430,000,000 |
| Legal settlement | 105,000,000 |
| Restructuring and other net | 23,000,000 |
| Total operating expenses | 6,031,000,000 |
| Operating income | 2,535,000,000 |
| Interest income | 20,000,000 |
| Interest expense | -220,000,000 |
| Net loss from debt transactions | -141,000,000 |
| Other net | -9,000,000 |
| Other expense net | -350,000,000 |
| Income before income taxes | 2,185,000,000 |
| Provision for income taxes | 295,000,000 |
| Net income | 1,890,000,000 |
| Basic EPS | 8.71 |
| Diluted EPS | 8.29 |
| Basic shares | 217,000,000 |
| Diluted shares | 228,000,000 |
| Cash flow | |
| Operating cash flow | 2,369,000,000 |
| Depreciation and amortization | 206,000,000 |
| Share based compensation | 159,000,000 |
| Capex | -382,000,000 |
| Free cash flow | 1,987,000,000 |
| Investing cash flow | -369,000,000 |
| Financing cash flow | -1,746,000,000 |
| Debt redemption and repurchase | -1,142,000,000 |
| Dividends paid | -468,000,000 |
| Dividends declared per ordinary share | 2.2 |
| Repurchases of ordinary shares | -59,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | none - Seagate reports in US dollars |
Notes
- The quarterly series covers the third and fourth quarters of fiscal 2026, because those are the quarters the two filings behind this record present. The Q3 FY2026 10-Q (accession 0001137789-26-000088) prints the three months ended April 3, 2026 beside the three months ended March 28, 2025, and the fourth quarter falls out of the FY2026 10-K (accession 0001137789-26-000159) as the fiscal year less the 10-Q's nine months. Seagate's first and second fiscal 2026 quarters are not carried as periods here, because neither filing presents financial statements for them. The 10-Q's management's discussion does show the December 2025 quarter's revenue, gross profit, income from operations and net income alongside the March 2026 quarter for sequential comparison, but it carries no balance sheet, no cash flow statement and no per-share amounts for that quarter, and the first quarter of fiscal 2026 is not presented at all.
- Q4 FY2026 is derived by difference rather than printed as a column. Each line equals the fiscal-year amount less the nine-month amount: revenue of $3,629 million is $12,195 million less $8,566 million, and net income of $1,294 million is $3,184 million less $1,890 million. The derived income statement is internally consistent - revenue less total operating expenses of $2,070 million gives operating income of $1,559 million, and operating income less other expense of $54 million and tax of $211 million gives net income of $1,294 million. No fourth-quarter per-share amount is stated, because a weighted-average share count cannot be obtained by subtraction and neither filing prints a discrete fourth-quarter per-share figure.
- Seagate's income statement does not print a gross profit line; it lists cost of revenue inside total operating expenses, so the total operating expenses figure here includes cost of revenue, exactly as the filings present it. Gross profit is revenue less cost of revenue. For fiscal 2026 and fiscal 2025 that figure is printed in the 10-K's results-of-operations summary ($5,558 million and $3,200 million); for fiscal 2024, for the quarters and for the nine-month periods it is computed the same way.
- The 10-Q's cash flow statement is presented for the nine months only, with no three-month column, so no third-quarter cash flow figures are reported here. The nine-month cash flows are in the year-to-date block. Fourth-quarter cash flows are derived from the fiscal year less those nine months, which gives operating cash flow of $1,305 million and free cash flow of $1,118 million.
- Free cash flow is operating cash flow less cash paid for property, equipment and leasehold improvements. Capital expenditure, investing and financing cash flows, dividends paid and share repurchases are carried with the sign the statements print - outflows are negative.
- Total debt is the current portion of long-term debt plus long-term debt less current portion, as printed on the balance sheet: $3,565 million at July 3, 2026 against $4,995 million at June 27, 2025. Seagate retired debt through exchanges of its 2028 notes and repurchases of senior notes during fiscal 2026, and shareholders' equity moved from a $453 million deficit to positive equity of $2,167 million.
- The 10-K's balance sheet presents two years, so fiscal 2024 carries an income statement and a cash flow statement but no balance sheet. The July 3, 2026 balance sheet appears twice - as the fiscal 2026 year-end and as the Q4 FY2026 period end - because it is the same statement.
- Seagate's fiscal year ends on the Friday nearest June 30. Fiscal 2026 was a 53-week year ending July 3, 2026, with a 14-week first quarter; fiscal 2025 and fiscal 2024 were 52-week years. The third and fourth quarters of fiscal 2026 were 13 weeks each, so the extra week of fiscal 2026 falls outside both quarters in this record.
- The legal settlement line is a $105 million charge recorded in the third quarter of fiscal 2026 for a settlement in principle of the consolidated securities class action, which the 10-K reports at a total of $175 million, roughly $70 million of it payable by insurers.
- Revenue by channel and revenue by country are the disaggregations in the 10-K's revenue note, which covers all three fiscal years; the 10-Q does not disaggregate the quarters on the same basis, so those splits are carried on the fiscal years only.
- Because this record's current period is a completed fiscal year, the trailing twelve months ended July 3, 2026 are fiscal 2026 itself, and no separate trailing-twelve-month block is stated.
Uncertainties
- Every Q4 FY2026 income-statement and cash-flow figure is a subtraction of two printed columns, not a figure either filing prints. The arithmetic is exact at the reported $1 million rounding, but a line that Seagate rounds differently in the annual and interim presentations could shift a derived amount by $1 million.
- No discrete third-quarter cash flow figures are reported, for Q3 FY2026 or Q3 FY2025: the 10-Q publishes cash flows for the nine months only.
- Fiscal 2024 has no balance sheet, and Q3 FY2025 has neither a balance sheet nor a cash flow statement, because the filings behind this record do not print them.
- Dividends declared per ordinary share are read from the captions of the equity statements ($2.94, $2.86 and $2.80 for fiscal 2026, 2025 and 2024; $0.74 and $0.72 for the third quarters of fiscal 2026 and 2025). The Q4 FY2026 figure of $0.74 is the fiscal-year amount less the nine-month amount. Dividends declared are not the same as the dividends paid in the cash flow statement, which for fiscal 2026 were $634 million against $649 million declared.
Prior year to date
| Nine months ended March 28, 2025 | |
|---|---|
| Label | Nine months ended March 28, 2025 |
| Period start | 2024-06-29 |
| Period end | 2025-03-28 |
| Period type | nine months |
| Source accession | 0001137789-26-000088 |
| Income statement | |
| Revenue | 6,653,000,000 |
| Cost of revenue | 4,367,000,000 |
| Gross profit | 2,286,000,000 |
| Product development | 545,000,000 |
| Marketing and administrative | 407,000,000 |
| Legal settlement | 0 |
| Restructuring and other net | 12,000,000 |
| Total operating expenses | 5,331,000,000 |
| Operating income | 1,322,000,000 |
| Interest income | 19,000,000 |
| Interest expense | -246,000,000 |
| Net loss from debt transactions | -4,000,000 |
| Other net | -70,000,000 |
| Other expense net | -301,000,000 |
| Income before income taxes | 1,021,000,000 |
| Provision for income taxes | 40,000,000 |
| Net income | 981,000,000 |
| Basic EPS | 4.65 |
| Diluted EPS | 4.52 |
| Basic shares | 211,000,000 |
| Diluted shares | 217,000,000 |
| Cash flow | |
| Operating cash flow | 575,000,000 |
| Depreciation and amortization | 190,000,000 |
| Share based compensation | 141,000,000 |
| Capex | -182,000,000 |
| Free cash flow | 393,000,000 |
| Investing cash flow | -146,000,000 |
| Financing cash flow | -973,000,000 |
| Debt redemption and repurchase | -531,000,000 |
| Dividends paid | -447,000,000 |
| Dividends declared per ordinary share | 2.14 |
| Repurchases of ordinary shares | 0 |
Company details
| Value | |
|---|---|
| Name | Seagate Technology Holdings plc |
| Ticker | STX |
| CIK | 0001137789 |
| Exchange | Nasdaq |
| State | Singapore |
| Incorporation | |
| SIC | 3572 |
| Office | Technology |
| Industry | Computer Storage Devices |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | FY |
| Tag | FY26 |
| Period end | 2026-07-03 |
| Form | 10-K |
| Accession | 0001137789-26-000159 |
| Fiscal year end | 0627 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | yes | 10-K | 2026 | FY | FY26 | 2026-07-03 | 2026-08-04 | 0001137789-26-000159 | https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/0001137789-26-000159-index.htm | facts |
FAQ · Seagate Technology financial statements
How much revenue did Seagate report in FY2026?
Seagate Technology Holdings plc reported $12.20 billion in revenue for FY2026, the 53-week fiscal year ended July 3, 2026. That is up 34.1% from $9.10 billion in fiscal 2025, an increase Seagate attributed mainly to higher nearline exabyte shipments and to pricing actions it took during the year.
What was Seagate's net income and earnings per share in FY2026?
Seagate Technology Holdings plc earned net income of $3.18 billion in FY2026, up 116.7% from $1.47 billion a year earlier, and diluted earnings per share of $13.90 against $6.77 in fiscal 2025.
Why did Seagate's profit rise so much in FY2026?
Seagate Technology Holdings plc grew gross profit to $5.56 billion in FY2026, up 73.7%, far outpacing revenue of $12.20 billion, which was up 34.1%. Seagate credited pricing actions and a mix shift toward higher-capacity products, with operating expenses rising only modestly, so most of the additional gross profit carried through to net income of $3.18 billion.
How much cash did Seagate generate from operations in FY2026?
Seagate Technology Holdings plc generated $3.67 billion of cash from operating activities in FY2026, up 239.2% from $1.08 billion in fiscal 2025, as net income of $3.18 billion converted into cash despite a build in receivables and inventory.
Where can I get Seagate Technology Holdings plc (STX) financial data in machine-readable form?
Ticker Scout publishes Seagate Technology Holdings plc's financial statements as JSON at https://tickerscout.ai/stx/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/stx/narrative.md and https://tickerscout.ai/stx/events.md. Seagate Technology Holdings plc's SEC CIK is 0001137789. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Seagate Technology Holdings plc (STX) next file with the SEC?
Seagate Technology Holdings plc (STX) is expected to file its next Form 10-Q with the SEC on or around October 30, 2026. That date is a projection rather than a company-announced date: it is derived from Seagate Technology Holdings plc's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-K for FY2026, the period ended 2026-07-03, SEC accession 0001137789-26-000159.
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How this page was built
This page was built from two of Seagate Technology Holdings plc's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names four such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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