STX · Full Picture

Seagate Technology Holdings plc — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-K report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Liquidity and Debt Position · Debt, leverage & refinancingPriority 85
    -31.6% liability; 6 forward row(s); structured_verified
    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 as well as repurchases of Senior Notes.
  2. Purchase Commitments and Obligations · Commitments & obligationsPriority 80
    -21.6% liability; 4 forward row(s); structured_verified
    We expect $1.6 billion of these purchase commitments to be paid within one year as of July 3, 2026.
  3. Capital Expenditure Program · Capital expenditurePriority 73
    +4.0% assets; 2 sources (news, sec_filing); 4 forward row(s); structured_verified
    Seagate plans to increase capital expenditure to support the ramp-up of HAMR technology, anticipating continued growth in FY27.
  4. Operating Cash Flow Trends · Cash flow generationPriority 72
    +26.0% cash (realized); quote_verified
    Operating cash flow was $3.7 billion in fiscal year 2026.
  5. Revenue Performance and Mix · Revenue growth & mixPriority 72
    +14.1% net_income (realized); 2 sources (news, sec_filing); quote_verified
    TradingKey reported Seagate saw a 48.5% year-over-year revenue increase and EPS of $5.71 in the recent quarter.
  6. Operating Expense Trends · Operating expenses (SG&A)Priority 70
    +18.1% operating_income (realized); quote_verified
    Income from operations was $4,094 million in fiscal year 2026 and $1,890 million in fiscal year 2025.
  7. Income Tax Rate Changes · TaxPriority 68
    quote_verified
    Provision for income taxes recorded was $506 million for fiscal year 2026 and $44 million for fiscal year 2025.
  8. Guidance and Outlook · Guidance & outlookPriority 65
    1 forward row(s); quote_verified
    Seagate provided Q1 2027 revenue guidance of $4.10 billion.
  9. Gross Margin Drivers · Gross marginPriority 62
    2 sources (news, sec_filing); quote_verified
    Cost of revenue for fiscal year 2026 was $6,637 million and for fiscal year 2025 was $5,897 million.
  10. Supply Chain Constraints · Supply chain & operationsPriority 62
    quote_verified
    We believe structural changes including executing our pricing strategy and maintaining supply discipline provide greater visibility into future demand trends.
  11. Capital Return Program · Buybacks & dividendsPriority 56
    1 forward row(s); quote_verified
    As of July 3, 2026, $4.8 billion remained available for repurchase under our existing repurchase authorization limit.
  12. Market Demand Trends · Demand, orders & backlogPriority 55
    2 sources (news, sec_filing); 1 forward row(s); quote_verified
    Seagate has a substantial backlog of nearline capacity sold out into 2028 with contracts extending for years.

Threads by pillar

Revenue & Demand Priority 84 · 5 threads

Costs & Margins Priority 82 · 4 threads

Capital & Balance Sheet Priority 96 · 6 threads

Legal, Regulatory & Policy Priority 41 · 1 thread

Guidance & Outlook Priority 65 · 1 thread

Macro & Market Conditions Priority 29 · 1 thread

Unclassified Priority 66 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
liability-57.2%+77.5%+11.8%
cash-12.0%+12.0%-20.5%
assets+4.0%+4.0%—
net_income——+14.1%
operating_income——+18.1%