STX · 10-Q · 2026Q4

Seagate Technology Holdings plc

Filed 2026-10-29 · Technology · View original filing on EDGAR

Everything STX's SEC filings said, ranked

Ranked Events

• Income Tax Rate ChangesImportance 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…
• Revenue Performance and MixImportance 69 · Surprise 64
  September 2026 quarter revenue was $4.233 billion, up $604 million sequentially from $3.629 billion and approximately $1.6 billion year over year from $2.629 billion. Management attributed both increases primarily to…
• Liquidity and Debt PositionImportance 67 · Surprise 66
  Cash and cash equivalents were $1.258 billion as of October 2, 2026, down $446 million from $1.704 billion on July 3, 2026. The company reduced outstanding principal debt by $1.2 billion during the quarter, primarily…
• Pillar Two Global Minimum TaxImportance 58 · Surprise 42
  As of October 2, 2026, Seagate had approximately $706 million of long-term tax payable pertaining to the Pillar Two global minimum tax. The filing identifies this as a long-term payable but does not specify the…
• Gross Margin DriversImportance 58 · Surprise 56
  Gross margin was 57.3% in the September 2026 quarter, an increase of 5 percentage points sequentially and 18 percentage points year over year. Sequential improvement was primarily driven by pricing actions, partially…
• Supply Chain ConstraintsImportance 56 · Surprise 24
  Seagate reported approximately $2.6 billion of unconditional purchase obligations, primarily for inventory components from suppliers, with $1.9 billion expected to be paid within one year. The company says it makes…
• Purchase Commitments and ObligationsImportance 56 · Surprise 24
  As of October 2, 2026, Seagate had approximately $2.6 billion of unconditional purchase obligations, primarily for inventory components from suppliers, with $1.9 billion expected to be paid within one year. The company…
• Capital Expenditure OutlookImportance 48 · Surprise 24
  Seagate expects fiscal year 2027 capital expenditures to be within a target range of 4–6% of revenue. The filing reports $4,233 million of September 2026 quarter revenue, making the target range approximately $169…
• Capital Expenditure ProgramImportance 48 · Surprise 24
  The company paid $211 million for property, equipment, and leasehold improvements during the quarter ended October 2, 2026. As of that date, it had $503 million of unconditional commitments primarily for equipment…
• Accrued Legal and RegulatoryImportance 46 · Surprise 42
  Seagate accrued $210 million for legal settlements as of October 2, 2026. Of that amount, $150 million was expected to be paid within one year and $60 million thereafter. The accrued total exceeds the filing’s stated…
• Capital Return ProgramImportance 44 · Surprise 24
  During the September 2026 quarter, Seagate repurchased approximately 0.5 million ordinary shares for $400 million and paid $168 million in dividends. As of October 2, 2026, $4.4 billion remained available under the…
• Operating Cash Flow TrendsImportance 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…
• Market Demand TrendsImportance 20 · Surprise 24
  Demand for Seagate’s data storage solutions strengthened in the September 2026 quarter, led by data center end markets. Global cloud customers sustained demand for high-capacity nearline drives, while enterprise/OEM…
• Operating Expense TrendsImportance 18 · Surprise 14
  Product development expense increased $12 million sequentially, including increases of $6 million in compensation and benefits, $3 million in materials, and $2 million in facilities costs. Year over year, product…
• Trade Policy and TariffsImportance 17 · Surprise 24
  Seagate described the September 2026 macroeconomic environment as dynamic, with heightened geopolitical uncertainty and evolving trade policies that may affect its business and results. The company said it will monitor…

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