STX · 10-Q · 2026Q4 · Full report

Operating Cash Flow Trends

Seagate Technology Holdings plc · 2026-10-29 · Importance 36 · Surprise 6

Cash provided by operating activities was $1.7 billion for the three months ended October 2, 2026. Working capital included a $272 million increase in accrued expenses, income taxes, and warranty, primarily due to accrued income taxes, and a $101 million increase in accounts payable, primarily from direct-material purchases. Offsetting uses included a $283 million increase in accounts receivable from higher revenue, a $129 million increase in inventory, and a $129 million decrease in accrued employee compensation from variable compensation payments.

Key facts

• Seagate's operating cash flow was $1.7 billion in the September 2026 quarter. source
• Seagate's operating cash flow for the three months ended October 2, 2026 was $1.7 billion. source
• Seagate's operating cash flow included a $272 million increase in accrued expenses, income taxes, and warranty, primarily due to increased accrued income taxes. source
• Seagate's operating cash flow was reduced by a $283 million increase in accounts receivable, primarily due to increased revenue. source
• Seagate's operating cash flow included a $101 million increase in accounts payable, primarily due to increased direct materials purchased. source
• Seagate's operating cash flow was reduced by a $129 million increase in inventories, primarily due to increased work-in-process and finished goods inventory. source
• Seagate's operating cash flow was reduced by a $129 million decrease in accrued employee compensation, primarily due to variable compensation payments. source