Seagate Technology
STX · NasdaqComputer Storage Devices · Fiscal year ends Jun 27
Seagate Technology reported revenue of $12.2B in the fiscal year ended Jul 2026, up 34.1% from the year before. Operating income was $4.1B, an operating margin of 33.6%, and net income was $3.2B. Operating cash flow of $3.7B less capital expenditure of $569M left free cash flow of $3.1B. Net debt was $1.9B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue | $11.7B | $7.4B | $6.6B | $9.1B | $12.2B |
| Cost of revenue | $8.2B | $6B | $5B | $5.9B | $6.6B |
| Gross profit | $3.5B | $1.4B | $1.5B | $3.2B | $5.6B |
| Research & development | $941M | $797M | $654M | $724M | $755M |
| Selling, general & admin | $559M | $491M | $460M | $561M | $577M |
| Operating income | $2B | −$342M | $452M | $1.9B | $4.1B |
| Interest expense | $249M | $313M | $332M | $321M | $284M |
| Pre-tax income | $1.7B | −$496M | $445M | $1.5B | $3.7B |
| Income tax | $30M | $33M | $110M | $44M | $506M |
| Net income | $1.6B | −$529M | $335M | $1.5B | $3.2B |
| Diluted EPS | 7.36 | −2.56 | 1.58 | 6.77 | 13.90 |
| Diluted shares | 224M | 207M | 212M | 217M | 229M |
Balance sheet
| Fiscal year | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $615M | $786M | $1.4B | $891M | $1.7B |
| Receivables | $1.5B | $621M | $429M | $959M | $1.5B |
| Inventory | $1.6B | $1.1B | $1.2B | $1.4B | $1.6B |
| Current assets | $4B | $2.9B | $3.3B | $3.7B | $5.2B |
| Net PP&E | $2.2B | $1.7B | $1.6B | $1.7B | $2B |
| Goodwill | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total assets | $8.9B | $7.6B | $7.7B | $8B | $10B |
| Payables | $2.1B | $1.6B | $1.8B | $1.6B | $1.7B |
| Current liabilities | $3.6B | $2.6B | $3.1B | $2.6B | $3.1B |
| Short-term debt | $584M | $63M | $479M | $0 | $185M |
| Long-term debt | $5.1B | $5.4B | $5.2B | $5B | $3.4B |
| Total liabilities | $8.8B | $8.8B | $9.2B | $8.5B | $7.8B |
| Shareholders' equity | $109M | −$1.2B | −$1.5B | −$453M | $2.2B |
Cash flow
| Fiscal year | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $942M | $918M | $1.1B | $3.7B |
| Capital expenditure | $381M | $316M | $254M | $265M | $569M |
| Free cash flow | $1.3B | $626M | $664M | $818M | $3.1B |
| Depreciation & amortisation | $451M | $513M | $264M | $251M | $276M |
| Stock-based compensation | $145M | $115M | $127M | $200M | $213M |
| Acquisitions | – | $0 | $0 | $88M | $0 |
| Share buybacks | $1.8B | $408M | $0 | $0 | $176M |
| Dividends paid | $610M | $582M | $585M | $600M | $634M |
| Dividend per share | 2770000.00 | 2.80 | 2.80 | 2.86 | 2.94 |
Key ratios
| Fiscal year | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −36.7% | −11.3% | 38.9% | 34.1% |
| Operating income growth (YoY) | – | −117.5% | – | 318.1% | 116.6% |
| EPS growth (YoY) | – | −134.8% | – | 328.5% | 105.3% |
| Gross margin | 29.7% | 18.3% | 23.4% | 35.2% | 45.6% |
| Operating margin | 16.8% | −4.6% | 6.9% | 20.8% | 33.6% |
| Net margin | 14.1% | −7.2% | 5.1% | 16.1% | 26.1% |
| Return on equityBlank when equity is negative | 1512.8% | – | – | – | 146.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 36.3% | −6.9% | 9.7% | 35.2% | 59.8% |
| Free cash flow margin | 10.9% | 8.5% | 10.1% | 9.0% | 25.5% |
| Cash conversion (CFO ÷ net income) | 1.00x | −1.78x | 2.74x | 0.74x | 1.15x |
| Receivable days | 48 | 31 | 24 | 38 | 46 |
| Inventory days | 70 | 69 | 90 | 89 | 86 |
| Payable days | 92 | 97 | 130 | 99 | 96 |
| Interest cover | 7.85x | −1.09x | 1.36x | 5.89x | 14.4x |
| Debt ÷ equity | 51.8x | – | – | – | 1.65x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $5B | $4.7B | $4.3B | $4.1B | $1.9B |
| Current ratio | 1.13x | 1.12x | 1.08x | 1.38x | 1.67x |
Recent filings
More in Computer Storage Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.