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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 Earnings Call Summary
Seagate Tech Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Sep 2022 | Sep 2021 | Sep 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 | EBIT |
| 1.63B | 452.00M | -342.00M | 1.96B | 1.49B | 1.30B | EBITDA |
| 2.12B | 1.03B | 301.00M | 2.41B | 1.90B | 1.76B | Net Income Common Stockholders |
| 1.49B | 335.00M | -529.00M | 1.65B | 1.31B | 1.00B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 814.00M | 1.36B | 786.00M | 615.00M | 1.21B | 1.72B | Total Assets |
| 7.56B | 7.74B | 7.56B | 8.94B | 8.68B | 8.93B | Total Debt |
| 5.15B | 6.07B | 5.45B | 5.65B | 5.14B | 4.17B | Net Debt |
| 4.33B | 4.71B | 4.67B | 5.03B | 3.93B | 2.45B | 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $24.59B | 23.84 | 21.03% | ― | 82.10% | 6.35% | |
77 Outperform | $20.38B | 17.42 | 108.51% | 2.10% | 5.00% | 22.19% | |
75 Outperform | $17.53B | 147.66 | 9.76% | ― | 10.85% | 30.85% | |
68 Neutral | $25.29B | 17.22 | -109.27% | 2.30% | 36.29% | ― | |
66 Neutral | $18.76B | 10.35 | 28.45% | ― | 21.22% | ― | |
64 Neutral | $23.40B | 9.60 | 84.33% | 4.45% | 2.08% | -12.41% | |
61 Neutral | $11.55B | 10.41 | -6.86% | 2.93% | 7.50% | -8.30% |
Seagate Tech Corporate Events
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.
On April 29, 2025, Seagate Technology announced its fiscal third quarter 2025 financial results, reporting a revenue of $2.16 billion and a non-GAAP diluted EPS of $1.90. The company declared a quarterly cash dividend of $0.72 per share, payable on July 8, 2025. Seagate’s performance reflects profitable growth and margin expansion, attributed to structural enhancements in its business model and a healthy supply/demand environment for mass capacity storage. The company remains focused on executing its HAMR product ramp to meet cloud customer demand, despite navigating a dynamic macroeconomic environment.