STX · 8-K · 20261027PR000300

Liquidity and Debt Position

Seagate Technology Holdings plc · 2026-10-27 · Importance 89 · Surprise 82 · In source text

Seagate generated $1.690 billion of operating cash flow and $1.479 billion of free cash flow in fiscal Q1 2027, versus $532 million and $427 million, respectively, a year earlier. The company retired approximately $1.2 billion of principal debt during the quarter, reducing gross debt to $2.4 billion; after quarter-end it retired another $750 million, bringing gross debt to $1.6 billion. At October 2, 2026, cash and cash equivalents were $1.258 billion and long-term debt was $2.351 billion, compared with cash of $1.704 billion and long-term debt of $3.380 billion at July 3, 2026.

Key facts

• Seagate retired approximately $1.2 billion in principal debt during fiscal Q1 2027, lowering gross debt to $2.4 billion. source
• After fiscal Q1 2027 ended, Seagate retired an additional $750 million of principal debt, bringing gross debt to $1.6 billion. source
• Seagate generated $1.7 billion in cash flow from operations and $1.5 billion in free cash flow during fiscal Q1 2027. source
• Seagate reported a $1.2 billion debt redemption and repurchase in fiscal Q1 2027 cash flows. source
• At the end of fiscal Q1 2027, Seagate had $1.3 billion in cash and cash equivalents and 230 million ordinary shares issued and outstanding. source

Impact estimates