STX · 10-K · 2026A · Full report

Manufacturing and Capacity

Seagate Technology Holdings plc · 2026-08-04 · Importance 77 · Surprise 82

Seagate incurred $569 million of fiscal 2026 capital expenditures for property, equipment and leasehold improvements. The company expects fiscal 2027 capital expenditures to increase to support volume ramp of HAMR-based hard drives, while remaining within a target range of 4% to 6% of revenue. Seagate also uses supplier commitments and upfront investments to supplement internal manufacturing capacity for selected components. The planned capacity support is aligned with stronger nearline demand and the transition to higher-capacity products.