Seagate Technology
What matters nowUpdated 6 h ago
- Seagate's latest filings are an 8-K dated September 9, 2026 covering an unregistered sale of equity securities and a Regulation FD disclosure 1, following a September 4 8-K that reports a director or officer change 2.
- STX trades at 734.98 on the pooled 24/7 venue price, down 1.65% from the previous close of 747.34. Recent daily moves were -10.45% on October 2, +4.46% on October 5, -8.82% on October 6 and -5.01% on October 12, after +4.86% on September 22.
- Fiscal Q4 2026 revenue was $3.63 billion ·, and data center drives made up 80% of fiscal 2026 revenue, with 789 exabytes of HDDs shipped. On trailing twelve months to July 3, 2026, gross margin was 45.6%, operating margin 33.6% and EPS $13.91, with the stock at 52.8 times earnings and a $166.7 billion market cap.
- Insiders sold 618,570 shares worth $505.5 million in 59 sales over the last 180 days and bought none; 39 of those sales were planned.
- The 2026 annual general meeting is set for October 24, 2026 at 09:00 UTC, and fiscal Q1 2027 results are expected October 27, 2026 at 21:00 UTC but are not yet confirmed. Polymarket puts an 81.5% chance on no Fed rate change after the October 2026 meeting and 17.5% on a 25 bps hike, with September CPI due October 14.
Seagate makes hard disk drives (HDDs) and storage systems. Most of its revenue now comes from data centers, where cloud providers buy high-capacity drives by the exabyte. Its fiscal 2026 (ended July 3, 2026) revenue was $12.2 billion, up about 34% from fiscal 2025, and its high-capacity drives use heat-assisted magnetic recording (HAMR) through its Mozaic platform. Traders watch HDD exabytes shipped, nearline pricing and margins, and HAMR drive ramps, since these set how much the company can earn per drive.
How it makes money
Seagate sells drives and storage systems mainly to original equipment manufacturers, cloud service providers, distributors and enterprises. In fiscal 2026, 81% of revenue came through OEMs, 13% through distributors and 6% through retailers. Data center products (high-capacity nearline drives and storage systems) were 80% of revenue, and Edge IoT products (drives from 1TB to 32TB for industrial, commercial and NAS use) were 20%. Revenue depends on exabytes shipped and the price per terabyte, and the company uses higher-capacity HAMR drives to lift margins while meeting demand without adding many units.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-07-03 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Data center hard drives
Seagate's largest business: 80% of fiscal 2026 revenue, with 789 exabytes of HDDs shipped.
Mozaic HAMR platform
Mozaic 4+ drives up to 44TB are shipping in volume to two hyperscale cloud providers, with more customer qualifications under way.
Edge and IoT storage
20% of fiscal 2026 revenue, down from 25% in fiscal 2025.
Exos CORVAULT storage systems
Block storage system sold to data centers; the Data Center portfolio scales up to 3.5PB per system.
Latest newsAll news →
Seagate fiscal Q4 2026 revenue of $3.63 billion and FY2026 revenue of $12.2 billion; Q1 FY2027 guided to $4.1 billion
Seagate reported fiscal Q4 2026 revenue of $3.629 billion and non-GAAP diluted EPS of $5.71, with a 52.7% non-GAAP gross margin.
Seagate fiscal Q3 2026 revenue rises to $3.11 billion; Q4 guided to $3.45 billion
Seagate reported fiscal Q3 2026 revenue of $3.11 billion, with non-GAAP diluted EPS of $4.10 and a non-GAAP gross margin of 47.0%.
Seagate launches One Touch, FireCuda X Vault and LaCie 8big Pro5 storage up to 256TB
Seagate launched refreshed consumer and prosumer storage across its Seagate, FireCuda and LaCie brands, with products available now through the Seagate Store and authorized partners.
Seagate agrees in principle to pay $175 million to settle securities class action over Huawei sales
Seagate reached an agreement in principle on April 3, 2026 to settle a securities class action in the Northern District of California.
Seagate says Mozaic 4+ 44TB HAMR drives are shipping in volume to two hyperscale cloud providers
Seagate said its Mozaic 4+ heat-assisted magnetic recording platform is qualified and in production with two leading hyperscale cloud providers, with drives up to 44TB.
Seagate retires $600 million of its 2028 exchangeable notes for about $599 million in cash and 5.95 million shares
Seagate privately negotiated exchanges of $600 million principal of its 3.50% exchangeable senior notes due 2028.
Products & businesses
Data center hard drives
Seagate's largest business: 80% of fiscal 2026 revenue, with 789 exabytes of HDDs shipped.
Mozaic HAMR platform
Mozaic 4+ drives up to 44TB are shipping in volume to two hyperscale cloud providers, with more customer qualifications under way.
Edge and IoT storage
20% of fiscal 2026 revenue, down from 25% in fiscal 2025.
Exos CORVAULT storage systems
Block storage system sold to data centers; the Data Center portfolio scales up to 3.5PB per system.
Consumer and prosumer drives
32TB IronWolf Pro and SkyHawk AI drives shipping through channel and retail partners since January 2026.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Data Center High-capacity nearline hard drives (up to 44TB) and storage systems (up to 3.5PB) sold mainly to cloud service providers, OEMs and enterprises. This is the company's main growth driver. | $9.76B | 80.0% | |
| Edge IoT Drives from 1TB to 32TB for industrial, commercial, consumer and NAS use. Its share of revenue fell from 25% in fiscal 2025 to 20% in fiscal 2026. | $2.44B | 20.0% |
Fiscal FY2026 · from the annual report
Valuation & fundamentals
TTM through 2026-07-03 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q4 FY2026 2026-07-03 | Q3 FY2026 2026-04-03 | Q2 FY2026 2026-01-02 | Q1 FY2026 2025-10-03 | Q4 FY2027 2025-06-27 | Q3 FY2025 2025-03-28 | Q2 FY2025 2024-12-27 | Q1 FY2025 2024-09-27 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.20B | $3.63Bd | $3.11B +44% | $2.83B +22% | $2.63B +21% | — | $2.16B +31% | $2.33B +50% | $2.17B +49% |
| Gross profit | $5.56B | $1.90Bd | $1.45Bd +90% | $1.18Bd +45% | $1.04Bd +45% | — | $760.0Md +79% | $812.0Md +124% | $714.0Md +379% |
| Operating income | $4.09B | $1.56Bd | $998.0M +132% | $843.0M +73% | $694.0M +72% | — | $431.0M +201% | $488.0M +294% | $403.0M |
| Net income | $3.18B | $1.29Bd | $748.0M +120% | $593.0M +76% | $549.0M +80% | — | $340.0M +1260% | $336.0M | $305.0M |
| EPS (diluted) | $13.91 | $5.61d | $3.27 +108% | $2.60 +68% | $2.43 +72% | — | $1.57 +1208% | $1.55 | $1.41 |
| Operating cash flow | $3.67B | $1.30Bd | $1.11Bd +330% | $723.0Md +227% | $532.0M +460% | — | $259.0Md +38% | $221.0Md +31% | $95.0M -25% |
| Capital expenditure | $569.0M | $187.0Md | $161.0Md +274% | $116.0Md +63% | $105.0M +54% | — | $43.0Md -28% | $71.0Md +1% | $68.0M -3% |
| Share buybacks | $176.0M | $117.0Md | $30.0Md | $0d | $29.0M | — | $0d | $0d | $0 |
| Cash & equivalents | $1.70B | $1.70B | $1.15B | $1.05B | $1.11B | $891.0M | $814.0M | $1.24B | $1.24B |
| Total debt | $3.56B | $3.56Bd | $3.86Bd | $4.50Bd | $4.99Bd | $5.00Bd | $5.15Bd | $5.68Bd | $5.68Bd |
| Shares outstanding | 226.8M | 226.8M | 224.4M | 218.1M | 213.5M | 212.7M | 212.2M | 211.7M | 211.5M |
| Metric | FY2026 2026-07-03 | FY2027 2025-06-27 | FY2024 2024-06-28 | FY2023 2023-06-30 | FY2022 2022-07-01 |
|---|---|---|---|---|---|
| Revenue | $12.20B | $9.10B -25% | $6.55B -11% | $7.38B -37% | $11.66B |
| Cost of revenue | $6.64B | $5.90B -11% | $5.01B -17% | $6.03B -26% | $8.19B |
| Gross profit | $5.56Bd | $3.20Bd -42% | $1.54Bd +14% | $1.35Bd -61% | $3.47Bd |
| Research & development | $755.0M | $724.0M -4% | $654.0M -18% | $797.0M -15% | $941.0M |
| Operating income | $4.09B | $1.89B -54% | $452.0M | −$342.0M -117% | $1.96B |
| EBIT | $4.09B | $1.89B -54% | $452.0M | −$342.0M -117% | $1.96B |
| Depreciation & amortization | $276.0M | $251.0M -9% | $264.0M -49% | $513.0M +14% | $451.0M |
| Interest expense | $284.0M | $321.0M +13% | $332.0M +6% | $313.0M +26% | $249.0M |
| Income tax | $506.0M | $44.0M -91% | $110.0M +233% | $33.0M +10% | $30.0M |
| Net income | $3.18B | $1.47B -54% | $335.0M | −$529.0M -132% | $1.65B |
| EPS (diluted) | $13.90 | $6.77 -51% | $1.58 | $-2.56 -135% | $7.36 |
| Dividends per share | $2.94 | $2.86 -3% | $2.80 +0% | $2.80 -100% | $2770000.00 |
| Diluted shares (weighted) | 229.0M | 217.0M | 212.0M | 207.0M | 224.0M |
| Operating cash flow | $3.67B | $1.08B -71% | $918.0M -3% | $942.0M -43% | $1.66B |
| Capital expenditure | $569.0M | $265.0M -53% | $254.0M -20% | $316.0M -17% | $381.0M |
| Share buybacks | $176.0M | $0 -100% | $0 -100% | $408.0M -77% | $1.80B |
| Dividends paid | $634.0M | $600.0M -5% | $585.0M +1% | $582.0M -5% | $610.0M |
| Cash & equivalents | $1.70B | $891.0M | $1.36B | $786.0M | $615.0M |
| Long-term debt (incl. current portion) | $3.38B | $5.00B | $5.20B | $5.39B | $964.0M |
| Total debt | $3.56Bd | $5.00Bd | $5.67Bd | $5.45Bd | $964.0M |
| Total assets | $9.97B | $8.02B | $7.74B | $7.56B | $8.94B |
| Total liabilities | $7.80B | $8.48B | $9.23B | $8.76B | $8.84B |
| Shareholders' equity | $2.17B | −$453.0M | −$1.49B | −$1.20B | $109.0M |
| Shares outstanding | 226.8M | 212.7M | 210.2M | 207.4M | 209.9M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Seagate fiscal Q4 2026 revenue of $3.63 billion and FY2026 revenue of $12.2 billion; Q1 FY2027 guided to $4.1 billion
Seagate reported fiscal Q4 2026 revenue of $3.629 billion and non-GAAP diluted EPS of $5.71, with a 52.7% non-GAAP gross margin.
Seagate fiscal Q3 2026 revenue rises to $3.11 billion; Q4 guided to $3.45 billion
Seagate reported fiscal Q3 2026 revenue of $3.11 billion, with non-GAAP diluted EPS of $4.10 and a non-GAAP gross margin of 47.0%.
Seagate launches One Touch, FireCuda X Vault and LaCie 8big Pro5 storage up to 256TB
Seagate launched refreshed consumer and prosumer storage across its Seagate, FireCuda and LaCie brands, with products available now through the Seagate Store and authorized partners.
Seagate agrees in principle to pay $175 million to settle securities class action over Huawei sales
Seagate reached an agreement in principle on April 3, 2026 to settle a securities class action in the Northern District of California.
Seagate says Mozaic 4+ 44TB HAMR drives are shipping in volume to two hyperscale cloud providers
Seagate said its Mozaic 4+ heat-assisted magnetic recording platform is qualified and in production with two leading hyperscale cloud providers, with drives up to 44TB.
Seagate retires $600 million of its 2028 exchangeable notes for about $599 million in cash and 5.95 million shares
Seagate privately negotiated exchanges of $600 million principal of its 3.50% exchangeable senior notes due 2028.
Seagate fiscal Q2 2026 revenue of $2.83 billion beats the company's own plan; Q3 guided to $2.90 billion
Seagate reported fiscal Q2 2026 revenue of $2.825 billion, with non-GAAP diluted EPS of $3.11 and a non-GAAP gross margin of 42.2%.
Seagate ships 32TB drives in SkyHawk AI, Exos and IronWolf Pro lines to channel and retail
Seagate announced 32TB hard drives in three lines and began shipping them through its authorized channel and retail partners on January 14, 2026.
Seagate reports fiscal Q1 2026 results: revenue $2.63B, up 21% from a year earlier
Seagate filed a Form 8-K with the SEC on Oct 28, 2025, 4:07 PM ET, reporting an event dated Oct 28, 2025.
SEC filings
| Oct 2, 26 | 4 | Form 4: MOSLEY WILLIAM D (CEO, Director) — open-market sale 11,002 sh | sec.gov ↗ |
| Oct 2, 26 | 4 | Form 4: MOSLEY WILLIAM D (CEO, Director) — option exercise 14,000 sh, open-market sale 18,998 sh | sec.gov ↗ |
| Sep 22, 26 | 4 | Form 4: Morris John Christopher (EVP & CTO) — option exercise 915 sh, open-market sale 9,354 sh | sec.gov ↗ |
| Sep 21, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Romano Gianluca (EVP & CFO) — option exercise 90,380 sh, open-market sale 49,984 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Chong Kian Fatt (EVP Global Operations) — option exercise 14,470 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: MOSLEY WILLIAM D (CEO, Director) — option exercise 177,000 sh, open-market sale 97,889 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Teh Ban Seng (EVP & Chief Commercial Officer) — option exercise 52,730 sh, open-market sale 52,730 sh | sec.gov ↗ |
| Sep 16, 26 | 4 | Form 4: Morris John Christopher (EVP & CTO) — option exercise 30,130 sh, open-market sale 15,466 sh | sec.gov ↗ |
| Sep 15, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 15, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 15, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 15, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Teh Ban Seng (EVP & Chief Commercial Officer) — option exercise 989 sh, open-market sale 989 sh | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Chong Kian Fatt (EVP Global Operations) — option exercise 678 sh | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Morris John Christopher (EVP & CTO) — option exercise 942 sh, open-market sale 493 sh | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Romano Gianluca (EVP & CFO) — open-market sale 5,555 sh, option exercise 1,695 sh | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Romano Gianluca (EVP & CFO) — option exercise 50,498 sh, open-market sale 45,898 sh | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: MOSLEY WILLIAM D (CEO, Director) — option exercise 3,319 sh, open-market sale 1,870 sh | sec.gov ↗ |
| Sep 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 14, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 11, 26 | 4 | Form 4: Chong Kian Fatt (EVP Global Operations) — option exercise 581 sh | sec.gov ↗ |
| Sep 11, 26 | 4 | Form 4: Teh Ban Seng (EVP & Chief Commercial Officer) — option exercise 1,263 sh, open-market sale 663 sh | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-01 | MOSLEY WILLIAM D CEO, Director | Sale 10b5-1 plan | 19.0K | $914.67 | $17.4M |
| 2026-10-01 | MOSLEY WILLIAM D CEO, Director | Sale 10b5-1 plan | 11.0K | $935.60 | $10.3M |
| 2026-09-21 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 9.4K | $877.91 | $8.2M |
| 2026-09-15 | Morris John Christopher EVP & CTO | Sale | 15.5K | $772.15 | $11.9M |
| 2026-09-15 | Teh Ban Seng EVP & Chief Commercial Officer | Sale 10b5-1 plan | 52.7K | $782.08 | $41.2M |
| 2026-09-15 | MOSLEY WILLIAM D CEO, Director | Sale | 97.9K | $772.14 | $75.6M |
| 2026-09-15 | Romano Gianluca EVP & CFO | Sale | 50.0K | $772.16 | $38.6M |
| 2026-09-14 | MOSLEY WILLIAM D CEO, Director | Sale | 1.9K | $781.23 | $1.5M |
| 2026-09-14 | Romano Gianluca EVP & CFO | Sale 10b5-1 plan | 955 | $781.24 | $746.1K |
| 2026-09-14 | Morris John Christopher EVP & CTO | Sale | 493 | $781.23 | $385.0K |
| 2026-09-14 | Teh Ban Seng EVP & Chief Commercial Officer | Sale 10b5-1 plan | 989 | $779.00 | $770.4K |
| 2026-09-11 | Romano Gianluca EVP & CFO | Sale 10b5-1 plan | 45.9K | $830.01 | $38.1M |
| 2026-09-11 | Romano Gianluca EVP & CFO | Sale 10b5-1 plan | 4.6K | $854.55 | $3.9M |
| 2026-09-10 | MOSLEY WILLIAM D CEO, Director | Sale | 2.8K | $862.13 | $2.5M |
| 2026-09-10 | Romano Gianluca EVP & CFO | Sale | 1.3K | $862.13 | $1.2M |
| 2026-09-10 | Morris John Christopher EVP & CTO | Sale | 572 | $862.13 | $493.4K |
| 2026-09-10 | Teh Ban Seng EVP & Chief Commercial Officer | Sale 10b5-1 plan | 663 | $860.09 | $570.2K |
| 2026-09-01 | Conyers Yolanda Lee Director | Sale 10b5-1 plan | 750 | $815.11 | $611.3K |
| 2026-09-01 | MOSLEY WILLIAM D CEO, Director | Sale 10b5-1 plan | 30.0K | $816.28 | $24.5M |
| 2026-08-24 | Lee James CI EVP & CLO | Sale 10b5-1 plan | 9.0K | $794.84 | $7.2M |
| 2026-08-21 | MOSLEY WILLIAM D CEO, Director | Sale | 18.1K | $849.35 | $15.4M |
| 2026-08-21 | Romano Gianluca EVP & CFO | Sale | 9.1K | $849.35 | $7.7M |
| 2026-08-21 | Lee James CI EVP & CLO | Sale | 3.9K | $849.35 | $3.3M |
| 2026-08-21 | Morris John Christopher EVP & CTO | Sale 10b5-1 plan | 3.5K | $849.35 | $3.0M |
| 2026-08-21 | Teh Ban Seng EVP & Chief Commercial Officer | Sale 10b5-1 plan | 9.9K | $852.97 | $8.4M |