STX · 10-Q · 2026Q4 · Full report

Income Tax Rate Changes

Seagate Technology Holdings plc · 2026-10-29 · Importance 69 · Surprise 64

Income tax expense was $221 million in the September 2026 quarter, compared with $65 million in the September 2025 quarter, an increase of $156 million. The filing reports approximately $706 million of long-term tax payable related to the Pillar Two global minimum tax as of October 2, 2026. The filing does not provide an effective tax rate or attribute the quarterly tax-expense increase to a specific cause in this MD&A discussion.

Key facts