Latest revenue
$3.11B
as of 2026-04-03
Latest net income
$748.0M
as of 2026-04-03
Net margin
24.0%
as of 2026-04-03
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $182.24B
- Enterprise value
- $184.95B
- P/E (trailing)
- 124.1×
- Forward P/E
- —
- P/B
- 166.43×
- Dividend yield
- 0.4%
- 52-wk high
- $841.31
- 52-wk low
- $113.20
- Beta
- —
- Shares out
- 224.2M
5-year trend
What this company does
Seagate designs and manufactures hard disk drives, the spinning-magnetic-disk devices used to store massive amounts of digital data, alongside some solid-state drives and storage systems. Sales of high-capacity nearline HDDs to cloud and enterprise data center customers generate the bulk of revenue, with consumer and edge devices a smaller second bucket. Revenue jumped 44% year-over-year to $3.1 billion last quarter as AI-driven demand for mass storage drove the company to reclassify its segments around data center versus edge IoT.
Generated from STX's filing dated 2025-08-01
Key risks
- Leverage: $3.86B total debt versus only $1.1B equity; $398M now current, and $141M nine-month loss on debt transactions signals refinancing cost pressure.
- Customer concentration in Data center/cloud: hyperscaler capex cycles drive most revenue, leaving STX exposed if AI-driven nearline HDD demand normalizes.
- Legal settlement of $105M booked in Q3 FY26 hit operating income; ongoing contingencies (Note 11) could trigger further charges.
Generated from STX's filing dated 2025-08-01
Profitability
Operating margin
20.8%
201.1%Net margin
16.1%
215.8%Return on equity
-324.3%
1343.3%Return on assets
18.3%
323.0%Leverage
Debt / equity
-18.71×
202.3%Long-term debt / equity
-11.03×
216.5%Debt / assets
105.6%
11.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q2 2026 2026-04-03 | $3.11B | +44.1% | $748.0M | +120.0% | 24.0% |
Q1 2026 2026-01-02 | $2.83B | +21.5% | $593.0M | +76.5% | 21.0% |
Q4 2025 2025-10-03 | $2.63B | +21.3% | $549.0M | +80.0% | 20.9% |
Q2 2025 2025-06-27 | $2.44B | +29.5% | $488.0M | -4.9% | 20.0% |
Q1 2025 2025-03-28 | $2.16B | +30.5% | $340.0M | +1260.0% | 15.7% |
Q4 2024 2024-12-27 | $2.33B | +49.5% | $336.0M | +1868.4% | 14.5% |
Q3 2024 2024-09-27 | $2.17B | +49.1% | $305.0M | +265.8% | 14.1% |
Q2 2024 2024-06-28 | $1.89B | — | $513.0M | — | 27.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Computer Storage Devices · SIC 3572
Your notes
Keep private notes on STX — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$206.9M
Net activity
−$206.9M
Distinct insiders
11
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns STX
Institutional value
$22.61B
Total shares held
59.3M
Distinct holders
796
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 14.2M | $5.55B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.1M | $4.35B | — | New |
| 3 | WCM INVESTMENT MANAGEMENT, LLC | 4.3M | $1.58B | — | New |
| 4 | Invesco Ltd. | 2.6M | $1.02B | — | New |
| 5 | DEUTSCHE BANK AG\ | 1.8M | $689.2M | — | New |
| 6 | Legal & General Group Plc | 1.5M | $593.4M | — | New |
| 7 | VANGUARD FIDUCIARY TRUST CO | 1.2M | $470.5M | — | New |
| 8 | Bank of New York Mellon Corp | 1.1M | $414.6M | — | New |
| 9 | Russell Investments Group, Ltd. | 966.5K | $376.6M | — | New |
| 10 | DIMENSIONAL FUND ADVISORS LP | 836.0K | $327.2M | — | New |
| 11 | National Pension Service | 827.8K | $324.3M | — | New |
| 12 | Nuveen, LLC | 771.4K | $302.2M | — | New |
| 13 | Swedbank AB | 709.2K | $277.8M | — | New |
| 14 | Swiss National Bank | 639.4K | $250.5M | — | New |
| 15 | UBS Group AG | 632.7K | $247.9M | — | New |
| 16 | BNP PARIBAS FINANCIAL MARKETS | 590.5K | $231.3M | — | New |
| 17 | SANDS CAPITAL MANAGEMENT, LLC | 531.9K | $208.4M | — | New |
| 18 | Sumitomo Mitsui Trust Group, Inc. | 522.3K | $204.6M | — | New |
| 19 | Mitsubishi UFJ Asset Management Co., Ltd. | 518.5K | $203.1M | — | New |
| 20 | WT Asset Management Ltd | 489.8K | $191.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Q3 revenue jumped 44% YoY to $3.11B—how much reflects sustainable AI/hyperscaler HAMR demand versus pricing tailwinds that could reverse?
- 2
You took a $105M legal settlement and $141M debt-related losses YTD—what specific exposures remain, and are further settlements likely?
- 3
With $398M debt now current and only $1.15B cash, will you refinance or repay, and how does this constrain the $0.74 dividend?
Refreshed when STX files a new report · last from 2025-08-01