Seagate Technology Holdings plcSTX
NasdaqGS•Technology•Computer Hardware
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
Seagate Technology Holdings PLC (STX) reported trailing twelve months revenue of $11.01B as of April 2026, a 28.9% increase year-over-year. Quarterly revenue reached $3.11B, reflecting continued top-line momentum.
Seagate Technology Holdings PLC generated $2.38B in TTM net income, with quarterly EBITDA of $1.06B. The operating margin expanded from 20.0% to 32.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (32.1%) and net margin (24.0%) indicates moderate non-operating costs. Net margin has improved from 15.7% a year ago, signaling stronger bottom-line efficiency.
STX trades at a P/E of 39.9x (a premium multiple) and a P/S of 8.6x. The price-to-book ratio of 86.7x indicates a significant premium over book value.
The company generated $953.00M in free cash flow over the trailing twelve months, a 341.2% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.89B in total assets with $3.46B in long-term debt against $1.09B in stockholders equity for a debt-to-equity ratio of 3.2, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~23.5%, suggesting durable pricing power and cost discipline.
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~68.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~27.9% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 5.7% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation