STX · 10-K · 2026A

Seagate Technology Holdings plc

Filed 2026-08-04 · Technology · View original filing on EDGAR

Ranked Events

• Income Tax Rate ChangesImportance 89 · Surprise 82
  The income tax provision increased to $506 million in fiscal 2026 from $44 million in fiscal 2025, a $462 million increase. The effective tax rate rose to 13.73% from 2.91%. Fiscal 2026 results reflected Pillar Two…
• Pillar Two Global Minimum TaxImportance 84 · Surprise 100
  Starting in fiscal year 2026, major jurisdictions in which Seagate operates implemented the OECD Pillar Two global minimum tax framework. Seagate recorded a $506 million income tax provision in fiscal year 2026,…
• Manufacturing and CapacityImportance 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…
• Capital Expenditure ProgramImportance 77 · Surprise 82
  Capital expenditures for property, equipment, and leasehold improvements totaled $569 million in fiscal 2026, up from $265 million in fiscal 2025. The company had $465 million of unconditional capital-expenditure…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Operating cash flow increased to $3.674 billion in fiscal 2026 from $1.083 billion in fiscal 2025. Fiscal 2026 working-capital uses included a $575 million increase in accounts receivable and a $131 million increase in…
• Gross Margin DriversImportance 69 · Surprise 64
  Gross profit increased $2.358 billion to $5.558 billion in fiscal 2026 from $3.200 billion in fiscal 2025. Gross margin increased 11 percentage points year over year to 46%. The improvement was primarily driven by…
• Supply Chain ConstraintsImportance 64 · Surprise 42
  Seagate had approximately $2.1 billion of unconditional purchase obligations with suppliers as of July 3, 2026, primarily for inventory components. Approximately $1.6 billion of these commitments was expected to be…
• Purchase Commitments and ObligationsImportance 64 · Surprise 42
  The company had approximately $2.1 billion of unconditional purchase obligations as of July 3, 2026, primarily for inventory components purchased from suppliers. Approximately $1.6 billion of those commitments is…
• Liquidity and Debt PositionImportance 64 · Surprise 42
  Cash and cash equivalents totaled $1.704 billion as of July 3, 2026, while the company had $1.3 billion available under its senior unsecured revolving credit facility. Outstanding long-term debt had $3.6 billion of…
• Revenue Performance and MixImportance 64 · Surprise 56
  Fiscal 2026 revenue increased 34%, or $3.1 billion, to $12.195 billion from $9.097 billion in fiscal 2025. The increase was primarily driven by higher nearline exabytes shipped, stronger demand for nearline products,…
• Capital Expenditure OutlookImportance 52 · Surprise 42
  Seagate had $465 million of unconditional capital expenditure commitments as of July 3, 2026, primarily for equipment, with approximately $375 million payable within one year. The company expects fiscal year 2027…
• Operating Expense TrendsImportance 49 · Surprise 22
  Total operating expenses increased $154 million to $1.464 billion in fiscal 2026 from $1.310 billion in fiscal 2025. Product development expense increased $31 million, including $22 million of higher outside-services…
• Product Launch and TransitionImportance 40 · Surprise 42
  Seagate is preparing to ramp hard drives using heat-assisted magnetic recording (HAMR) technology in fiscal year 2027. The HAMR volume ramp is expected to require higher capital expenditures than fiscal year 2026. The…
• Capital Return ProgramImportance 31 · Surprise 6
  The company paid $634 million in dividends and repurchased $176 million of ordinary shares during fiscal 2026. The company repurchased approximately 1 million shares, including approximately 0.4 million shares withheld…
• AI Infrastructure DemandImportance 23 · Surprise 24
  During fiscal year 2026, Seagate reported sustained demand for high-capacity nearline drives from global cloud customers and increasing sales for enterprise edge deployments. Customers are investing in data center…
• End-Market Demand TrendsImportance 17 · Surprise 24
  Demand for Seagate’s data storage solutions strengthened during fiscal year 2026, with the company shipping 789 exabytes of HDD storage capacity. Growth was led by data center end markets, where sustained demand for…
• Geographic Market CommentaryImportance 10 · Surprise 6
  Seagate describes demand as sustained across global cloud customers and identifies enterprise edge deployments as an increasing source of sales. Revenue is attributed by bill-from location across the Americas, Asia…
• Distribution ChannelsImportance 6 · Surprise 6
  Seagate sells through OEM, distributor and retailer channels, with fiscal 2026 revenue presented across all three channels. For OEM sales, customer rebates are generally based on purchase volumes or other agreed…

Revenue by Product (in millions)

Revenue by Geography (in millions)