Seagate Technology
Builds high-capacity hard drives and storage systems for cloud, enterprise and consumer data.
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Profile
Designs and manufactures hard disk drives for cloud data centers, enterprises and consumer storage, alongside SSDs, storage systems and Lyve data-transfer and cloud services. Hardware sales to OEMs, distributors and retailers depend heavily on hyperscale and cloud service provider procurement cycles.
Designs and manufactures hard disk drives for cloud data centers, enterprises, networked storage, surveillance, personal computing and consumer storage. Exos and HAMR-based Mozaic drives address high-capacity nearline workloads; IronWolf, SkyHawk and BarraCuda cover NAS, video and PC uses. LaCie sells external storage, while Lyve provides data-transfer hardware and cloud object storage; the broader portfolio also includes SSDs and storage systems.
Builds critical read/write heads and recording media in-house, linking drive design to manufacturing and capacity transitions. Revenue comes mainly from selling hardware to large OEMs, distributors and retailers, with Lyve adding consumption-based services.
Sales depend on hyperscale and cloud service provider procurement cycles. Manufacturing and most employees are concentrated in Asia, and operations depend on component supply and compliance with export controls.
Company facts
Key statistics
Year to date +189% · Average volume (30d) 4.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 18, 2026 | Goldman Sachs | Initiate | Reduce | ||
| Jul 30, 2026 | UBS | Target | $860 | $900 | |
| Jul 29, 2026 | Barclays | Reiterate | Overweight | $1,000 | $1,250 |
| Jul 29, 2026 | Wedbush | Reiterate | Outperform | $825 | $1,000 |
| Jul 29, 2026 | Bernstein | Reiterate | Outperform | $500 | $1,350 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q4 FY26 | $5.10 | $5.71 | +12.0% | $3.50B | $3.63B | +3.7% | +2.29% |
| Apr 28, 2026Q3 FY26 | $3.51 | $4.10 | +16.8% | $2.96B | $3.11B | +5.1% | +11.10% |
| Jan 27, 2026Q2 FY26 | $2.78 | $3.11 | +11.9% | $2.73B | $2.83B | +3.6% | +19.14% |
| Oct 28, 2025Q1 FY26 | $2.40 | $2.61 | +8.8% | $2.55B | $2.63B | +3.2% | +19.11% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.16B | $2.44B | $2.63B | $2.83B | $3.11B | $3.63B | |
| Gross profit | $760.0M | $914.0M | $1.04B | $1.18B | $1.45B | $1.90B | |
| Operating income | $431.0M | $568.0M | $707.0M | $846.0M | $998.0M | $1.54B | |
| Net income | $340.0M | $488.0M | $549.0M | $593.0M | $748.0M | $1.29B | |
| Diluted EPS | $1.57 | $2.24 | $2.43 | $2.60 | $3.27 | $5.60 | |
| Gross margin | 35.2% | 37.4% | 39.4% | 41.6% | 46.5% | 52.3% | |
| Operating margin | 20.0% | 23.2% | 26.9% | 29.9% | 32.1% | 42.5% |
Fiscal years (4-quarter sums)FY22 $11.66B · FY23 $7.38B · FY24 $6.55B · FY25 $9.10B · FY26 $12.20B
Revenue by geography · Q4 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $1.70B · Total debt $3.86B · Total assets $9.97B · Shareholders' equity $2.17B
Dividends
Raised for 14 straight years — most recently to $0.74 from $0.72 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 24, 2026 | Jun 24 | Jul 7 | $0.74 | |
| Mar 25, 2026 | Mar 25 | Apr 8 | $0.74 | |
| Dec 24, 2025 | Dec 24 | Jan 9 | $0.74 | raised from $0.72 |
| Sep 30, 2025 | Sep 30 | Oct 9 | $0.72 | |
| Jun 25, 2025 | Jun 25 | Jul 8 | $0.72 | |
| Mar 19, 2025 | Mar 19 | Apr 2 | $0.72 | |
| Dec 13, 2024 | Dec 15 | Jan 6 | $0.72 | raised from $0.70 |
| Sep 23, 2024 | Sep 23 | Oct 7 | $0.70 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 224.23M · Float 223.63M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.17M | 6.76% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 14.63M | 6.52% | 13F | Aug 13, 2026 |
| State Street Corp | 9.91M | 4.42% | 13F | Aug 7, 2026 |
| FMR LLC | 8.15M | 3.64% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 8.00M | 3.57% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | James CI Lee | officer: EVP & CLO | −9,013 | $794.84 |
| Aug 21, 2026 | William D. Mosley | director, officer: CEO | −18,139 | $849.35 |
| Aug 21, 2026 | Gianluca Romano | officer: EVP & CFO | −9,076 | $849.35 |
| Aug 21, 2026 | James CI Lee | officer: EVP & CLO | −3,939 | $849.35 |
| Aug 20, 2026 | John Christopher Morris | officer: EVP & CTO | −523 | $835.54 |
Peers
- Western Digital
The only remaining HDD head-to-head rival at global scale.
- Micron Technology
Top NAND/SSD maker; 245 TB ION SSD marketed as nearline HDD replacement.
- Sandisk
Flash pure-play spun off 2025; QLC NAND across consumer, client, enterprise.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seagate Technology | $829.30 | −0.06% | $186.06B | 59.7 | 22.9 | 15.3 | +48.5% |
| Western Digital | $460.35 | +0.15% | $158.36B | 18.5 | 22.4 | 12.3 | +43.8% |
| Micron Technology | $931.00 | −0.20% | $1.05T | 21.1 | 6.5 | 11.7 | +345.7% |
| Sandisk | $1,483.30 | −0.08% | $219.91B | 20.1 | 7.1 | 10.9 | +371.6% |
| Median | 20.1 | 7.1 | 11.7 | +345.7% |