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Seagate Tech
(NASDAQ:STX)
Seagate Tech (STX) vs. SPDR S&P 500 ETF (SPY)
Seagate Tech Business Overview & Revenue Model
Seagate Tech Key Performance Indicators (KPIs)
Reveals the distribution of sales across various sales channels, indicating the company's reliance on certain sales strategies and potential areas for expansion.
Main Street DataSeagate Tech Earnings Call Summary
Seagate Tech Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.54B | 6.55B | 7.38B | 11.66B | 10.68B | 10.51B |
| Gross Profit | 2.89B | 1.55B | 1.35B | 3.47B | 2.92B | 2.84B |
| EBITDA | 2.12B | 1.03B | 301.00M | 2.41B | 1.90B | 1.76B |
| Net Income | 1.49B | 335.00M | -529.00M | 1.65B | 1.31B | 1.00B |
Balance Sheet | ||||||
| Total Assets | 7.56B | 7.74B | 7.56B | 8.94B | 8.68B | 8.93B |
| Cash, Cash Equivalents and Short-Term Investments | 814.00M | 1.36B | 786.00M | 615.00M | 1.21B | 1.72B |
| Total Debt | 5.15B | 6.07B | 5.45B | 5.65B | 5.14B | 4.17B |
| Total Liabilities | 8.39B | 9.23B | 8.76B | 8.84B | 8.04B | 7.14B |
| Stockholders Equity | -829.00M | -1.49B | -1.20B | 109.00M | 631.00M | 1.79B |
Cash Flow | ||||||
| Free Cash Flow | 773.00M | 664.00M | 626.00M | 1.28B | 1.13B | 1.13B |
| Operating Cash Flow | 1.01B | 918.00M | 942.00M | 1.66B | 1.63B | 1.71B |
| Investing Cash Flow | 137.00M | 126.00M | 217.00M | -352.00M | -466.00M | -635.00M |
| Financing Cash Flow | -1.13B | -473.00M | -988.00M | -1.90B | -1.67B | -1.60B |
Seagate Tech Technical Analysis
Seagate Tech Risk Analysis
Seagate Tech Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $21.57B | 18.99 | 108.51% | 1.90% | 5.02% | 22.19% | |
76 Outperform | $33.12B | 23.00 | -109.27% | 1.84% | 38.86% | 337.22% | |
72 Outperform | $26.60B | 16.66 | 22.57% | 0.13% | 2.12% | ― | |
71 Outperform | $27.71B | 27.80 | 17.90% | ― | 47.04% | -17.89% | |
71 Outperform | $19.42B | 160.25 | 9.76% | ― | 10.85% | 30.85% | |
65 Neutral | $25.29B | 10.38 | 84.33% | 4.25% | 2.08% | -12.41% | |
61 Neutral | €6.51B | 18.07 | 3.81% | 2.08% | 2.67% | -29.74% |
Seagate Tech Corporate Events
Seagate Technology announced strong financial results for fiscal 2025, with a 30% year-over-year revenue growth in the June quarter and record gross margins. The company attributed its success to the adoption of HAMR technology and a robust product pipeline, positioning it well for continued profitability and cash generation in fiscal 2026. Seagate’s strategic focus on cloud and edge data centers, driven by AI and data sovereignty trends, underpins its growth prospects. The company plans to resume share repurchases, reflecting confidence in its future performance, and is advancing its HAMR-based technology to meet increasing demand for mass data storage.
The most recent analyst rating on (STX) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On July 29, 2025, Seagate Technology announced its fiscal fourth quarter and fiscal year 2025 financial results, highlighting a 30% year-over-year revenue increase and record gross margins. The company declared a quarterly cash dividend of $0.72 per share, payable on October 9, 2025, and reported significant cash flow and debt reduction achievements. Seagate’s strong performance reflects structural enhancements and ongoing demand from cloud customers, positioning the company for future growth in mass data storage.
The most recent analyst rating on (STX) stock is a Buy with a $125.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On July 28, 2025, Seagate Technology announced that CEO Dave Mosley will become the Chairman of the Board following the company’s 2025 Annual General Meeting, succeeding Michael R. Cannon, who will become Lead Independent Director. This leadership change reflects the Board’s confidence in Mosley’s strategic vision and aims to guide Seagate through its next phase of growth, leveraging his extensive experience and leadership to drive innovation in data storage technology.
The most recent analyst rating on (STX) stock is a Buy with a $125.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On June 27, 2025, Seagate Technology Holdings plc announced the completion of its exchange offers and consent solicitations for its senior notes, which involved exchanging old notes for new ones issued by Seagate Data Storage Technology Pte. Ltd. This move, finalized on June 30, 2025, involved significant amendments to the indentures governing the old notes, including the elimination of restrictive covenants and certain default provisions. The successful exchange and amendments are expected to streamline Seagate’s financial structure and enhance its market positioning.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On June 11, 2025, Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings, redeemed all its outstanding 4.875% Senior Notes due 2027, effectively satisfying all obligations under the related indenture. The company also announced early results and amendments to its exchange offers for eight series of senior notes, aiming to exchange them for new notes issued by Seagate Data Storage Technology Pte. Ltd. This move is part of a strategic financial restructuring to improve the company’s debt profile, potentially impacting stakeholders by altering the terms of existing debt agreements.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On May 27, 2025, Seagate Data Storage Technology Pte. Ltd., a subsidiary of Seagate Technology Holdings, issued $400 million in 5.875% Senior Notes due 2030. These notes are guaranteed by Seagate and its subsidiaries, and the issuance is part of a strategic financial maneuver to manage and optimize its debt structure. Additionally, on May 28, 2025, Seagate announced an exchange offer for eight series of outstanding notes issued by Seagate HDD Cayman, aiming to replace them with new notes issued by Seagate Data Storage Technology. This move is intended to streamline Seagate’s financial operations and potentially improve its market positioning by consolidating its debt under a single issuer.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On May 21, 2025, Seagate Technology Holdings plc announced the approval of a $5 billion share repurchase program by its board of directors. This move is part of the company’s strategy to enhance shareholder value and reflects its strong financial position. The repurchase program is flexible, allowing for various methods of share acquisition, and does not have an expiration date. The company is also hosting an analyst and investor day in New York City to discuss this approval and outline new financial targets through fiscal year 2028.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On May 12, 2025, Seagate Technology Holdings plc announced that its subsidiary, Seagate Data Storage Technology Pte. Ltd., entered into a purchase agreement to issue and sell $400 million of 5.875% Senior Notes due 2030. The offering, expected to close on May 27, 2025, aims to finance the redemption of Seagate HDD Cayman’s outstanding 4.875% Senior Notes due 2027. This move is part of Seagate’s strategy to manage its debt obligations effectively, potentially impacting its financial stability and market positioning.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On May 12, 2025, Seagate Technology Holdings plc announced a private offering of $400 million in senior notes due 2030 through its subsidiary, Seagate Data Storage Technology Pte. Ltd. The proceeds, along with cash on hand, will be used to redeem all outstanding 4.875% Senior Notes due 2027, which is conditional upon receiving sufficient net proceeds from financing transactions. This move is part of Seagate’s strategic financial management to optimize its debt structure.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
On May 2, 2025, Judy Bruner informed Seagate Technology’s Board of Directors that she will not seek re-election at the 2025 Annual General Meeting. Her decision is not due to any disagreements with the company, and she will remain a director until the meeting concludes. The Board expressed gratitude for her contributions.