Seagate Technology Holdings plc
STXSeagate Technology Holdings plc's balance sheet is under water — net worth is negative, so it owes more than it owns. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup.
The sharpest disagreement: the price moved +395.3% in a year while annual EPS moved +328.5% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (59 weeks in) while the P/E sits at the 93rd percentile of its own 4-year range. But the balance sheet is under water: net worth is negative, so shareholders sit behind everyone the company owes. What settles it: whether the business can earn its way back to positive equity before dilution or restructuring gets there first.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Seagate Technology Holdings plc trades at $747, in a confirmed uptrend and 59 weeks into that stage. That is +46.7% against its own 200-day average. It sits at 65% of a 52-week range of $150 to $1,070. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 59 of stage 2. At $747 it trades +46.7% versus its 200-day average and sits at 65% of its 52-week range ($150–$1,070).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +3,012% while the S&P 500 moved +248% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 93rd percentile of its own range.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
Seagate Technology Holdings plc trades at 70.8× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 22.3×, measured across 4.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 70.8× is at the pricey end of its own range (93rd percentile), against a long-run median of 22.3× measured over 4.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +328.5% against a +395.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +127.5%/yr price move, ~+55.4%/yr came from earnings growth and ~+72.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Seagate Technology Holdings plc reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 12 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +38.9% | −7.9% | — | — |
| Profit | +332.4% | −3.8% | — | — |
| EPS | +328.5% | −2.7% | — | — |
| Stock price | +395.3% | +127.5% | +53.4% | +37.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
59.5/100 — rank 4 of 29 in Computer Hardware · 59% evidence confidence
Seagate Technology Holdings plc scores 59.5 out of 100 against the 29 companies it is compared with in Computer Hardware, ranking 4. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 22.2 + 14.6 + 9.1 + 13.6 = 59.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Seagate Technology Holdings plc reported $3.1 B of revenue in the Apr 26 quarter, +44.0% year on year. Over 4 years it has compounded at −3.9% a year. The last full year, FY25, came in at $9.1 B. The last four reported quarters add to $11.0 B.
Seagate Technology Holdings plc reported $3.1 B of revenue in the Apr 26 quarter, +44.0% year on year. Over 4 years it has compounded at −3.9% a year. The last full year, FY25, came in at $9.1 B. The last four reported quarters add to $11.0 B.
FY25 revenue came in at $9.1 B (+38.9% on the year), capping 4 years at −3.9% compound. The latest quarter (Apr 26) printed $3.1 B, +44.0% year on year.
Pace check: the last four quarters averaged +31.4% growth against the decade's −3.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +28.8% over the last 4 quarters against +32.6%/yr over the last 8 — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 32.2% this quarter (+12.3 pp YoY).
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Seagate Technology Holdings plc's operating margin is 32.2% in the Apr 26 quarter, +12.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged −4.6% to 20.8%. The current quarter is running above every full year in that window.
Seagate Technology Holdings plc's operating margin is 32.2% in the Apr 26 quarter, +12.3 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged −4.6% to 20.8%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 32.2%, +12.3 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −4.6%–20.8%, and FY25's 20.8% is the top of that band — a record year.
Why the margin moved: operating margin went +12.3 pp year on year while gross margin went +11.4 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +120.6% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Seagate Technology Holdings plc earned $0.8 B of net profit in the Apr 26 quarter, +120.6% year on year. Full-year FY25 profit was $1.5 B. The 4-year compound rate is 2.9%. That is 24.1% of the quarter's revenue. The same quarter a year earlier earned $0.3 B. 3 of the last 12 reported quarters were loss-making.
Seagate Technology Holdings plc earned $0.8 B of net profit in the Apr 26 quarter, +120.6% year on year. Full-year FY25 profit was $1.5 B. The 4-year compound rate is 2.9%. That is 24.1% of the quarter's revenue. The same quarter a year earlier earned $0.3 B. 3 of the last 12 reported quarters were loss-making.
Apr 26 profit was $0.8 B, +120.6% year on year. On the full year, FY25 printed $1.5 B (+332.4%), and the 4-year compound rate is 2.9%.
Why profit moved: revenue contributed +44.0% and the margin +12.3 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +66.7% vs revenue +31.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra dollar of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 106% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 106% of Seagate Technology Holdings plc's reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $1.1 B of operating cash against $1.5 B of profit. After $0.3 B of capital spending, $0.8 B was left as free cash.
FY25: operating cash of $1.1 B against reported profit of $1.5 B, leaving free cash of $0.8 B after $0.3 B of capital spending. Across the last 3 fiscal years the conversion rate is 106% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
→ So follow the cash to where it goes. Next: $1.0 B of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Seagate Technology Holdings plc does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $1.0 B over the last 3 years. Averaged over those years that is 3.7% of FY25 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $1.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROE is 1,788% and the ROIC − WACC spread is +53.7 pp.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
Seagate Technology Holdings plc earns a ROE of −327% in FY25. Return on invested capital clears the cost of that capital by +53.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 16.2% net margin on 1.13× asset turns.
FY25 ROE is −327%.
Why the return is what it is — the wiring (FY25): 16.2% net margin × 1.13× asset turns × −17.82× balance-sheet leverage ≈ −326.2% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 69.1% − 15.4% = a +53.7 pp spread. The 15.4% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. A spread this wide means every dollar reinvested creates more than a dollar of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 3.82.
Dividend A dividend is cash paid out per share. Dividend per share is the declared amount for the period; the trailing twelve-month total is the four most recent quarters added together.
Seagate Technology Holdings plc paid $2.92 per share over the last four reported quarters, up 2.8% on a year ago. The most recent declaration was $0.74 for Apr 26. Against the current price of $747 that is a trailing yield of 0.39%, measured on dividends already paid rather than on a forecast.
Seagate Technology Holdings plc paid $2.92 per share over the last four reported quarters, up 2.8% on a year ago. The most recent declaration was $0.74 for Apr 26. Against the current price of $747 that is a trailing yield of 0.39%, measured on dividends already paid rather than on a forecast.
Seagate Technology Holdings plc paid $2.92 per share across the last four reported quarters, most recently $0.74 for Apr 26. That is up 2.8% against the same quarter a year earlier. Against the current price of $747 the trailing twelve months work out to 0.39% — trailing dividends measured against today's price, not a forward estimate.
→ A payout is cash leaving the business. Next: what the balance sheet looks like behind it.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Seagate Technology Holdings plc carries total debt of $3.9 B against shareholder equity of $1.1 B as of Apr 26, a debt-to-equity of 3.54. On the annual view that ratio went from 8.16 in FY21 to −11.11 in FY25. Read the returns elsewhere on this page with that leverage in mind.
Apr 26: total debt of $3.9 B against shareholder equity of $1.1 B — a debt-to-equity of 3.54. On the annual view, debt-to-equity went from 8.16 (FY21) to −11.11 (FY25). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: short interest is 3.3% of the float.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
3.3% of Seagate Technology Holdings plc's tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 1.4 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
The latest reading: 3.3% of the float is sold short, and at typical trading volumes it would take about 1.4 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.
Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Seagate Technology Holdings plc: the Z-score reads 5.32. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 5.32 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 5.32.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Seagate Technology Holdings plc this page | 70.8× | $169B | No read | |||
| Dell Technologies Inc. | 31.3× | $253B | Mixed | |||
| Arista Networks, Inc. | 58.7× | $214B | Consistent | |||
| Sandisk Corporation | 36.9× | $162B | No read | |||
| Western Digital Corporation | 27.3× | $160B | No read | |||
| HP Inc. | 9.8× | $26B | Mixed | |||
| Everpure, Inc. | 112.3× | $24B | Turning around | |||
| Super Micro Computer, Inc. | 14.9× | $18B | Turning around | |||
| Logitech International S.A. | 19.3× | $15B | Mixed | |||
| IonQ, Inc. | 36.8× | $13B | No read | |||
| D-Wave Quantum Inc. | — | $7B | No read | |||
| Rigetti Computing, Inc. | — | $5B | No read | |||
| Quantum Computing Inc. | — | $2B | No read | |||
| Braiin Limited | — | $1B | — | — | — | — |
| Corsair Gaming, Inc. | 120.7× | $1B | No read | |||
| Cricut, Inc. | 13.8× | $1B | Mixed | |||
| Unusual Machines, Inc. | — | $1B | No read | |||
| Stratasys Ltd. | — | $1B | No read | |||
| Quantum Corporation | — | $0B | No read | |||
| 3D Systems Corporation | 6.9× | $0B | No read | |||
| Nano Dimension Ltd. | — | $0B | No read | |||
| One Stop Systems, Inc. | 44.2× | $0B | No read | |||
| Velo3D, Inc. | — | $0B | No read | |||
| AstroNova, Inc. | — | $0B | Mixed | |||
| Bgin Blockchain Limited | — | $0B | No read | |||
| Canaan Inc. | — | $0B | No read | |||
| Draganfly Inc. | — | $0B | No read | |||
| AMC Robotics Corporation | — | $0B | — | — | — | — |
| Virtuix Holdings Inc. | — | $0B | — | — | — | — |
Frequently asked questions
What is Seagate Technology Holdings plc's stock price today?
Seagate Technology Holdings plc trades at $747, +395.3% over the past year. The company is valued at $169 B. The stock sits at 65% of its 52-week range of $150–$1,070, +46.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 59 weeks in. — as of 29 July 2026.
What were Seagate Technology Holdings plc's latest quarterly results?
Seagate Technology Holdings plc reported revenue of $3.1 B and net profit of $0.8 B for the Apr 26 quarter. Revenue rose 44.0% and profit rose 120.6% year on year. Earnings per share were $3.27. The operating margin was 32.2%, 12.3 pp higher than a year earlier. — as of 29 July 2026.
What is Seagate Technology Holdings plc's revenue?
Seagate Technology Holdings plc reported revenue of $3.1 B in the Apr 26 quarter, +44.0% year on year. For the full FY25 fiscal year, revenue was $9.1 B (+38.9%). Over the last 4 years revenue compounded at −3.9% a year. — as of 29 July 2026.
What is Seagate Technology Holdings plc's profit?
Seagate Technology Holdings plc earned $0.8 B of net profit in the Apr 26 quarter, +120.6% year on year. Full-year FY25 profit was $1.5 B. The operating margin ran 32.2% in the latest quarter. — as of 29 July 2026.
What is Seagate Technology Holdings plc's market cap?
Seagate Technology Holdings plc's market capitalisation is $169 B at a stock price of $747. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 29 July 2026.
What is Seagate Technology Holdings plc's P/E ratio?
Seagate Technology Holdings plc trades at a P/E of 70.8×, at the 93rd percentile of its own 4-year range, against a long-run median of 22.3×. This is a comparison with the stock's own history, not a value call — as of 29 July 2026.
Does Seagate Technology Holdings plc pay a dividend?
Yes — Seagate Technology Holdings plc declared $0.74 per share for Apr 26, and $2.92 per share across the last four reported quarters. The latest quarter is up 2.8% on the same quarter a year earlier. — as of 29 July 2026.
What is Seagate Technology Holdings plc's dividend per share?
Seagate Technology Holdings plc's most recently declared dividend is $0.74 per share for Apr 26, giving $2.92 per share over the trailing twelve months. Each figure is the amount declared for that quarter as reported, added across four quarters for the trailing total. — as of 29 July 2026.
What is Seagate Technology Holdings plc's dividend yield?
Seagate Technology Holdings plc's trailing dividend yield is 0.39%: $2.92 declared per share across the last four reported quarters, against a share price of $747. Each quarter’s figure is the amount declared for that quarter as reported, added across four quarters and divided by the latest close. — as of 29 July 2026.
Is Seagate Technology Holdings plc overvalued?
On its own history, Seagate Technology Holdings plc looks expensive against its own history: its P/E of 70.8× sits at the 93rd percentile of its 4-year range (long-run median 22.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 29 July 2026.
Is Seagate Technology Holdings plc growing?
Yes — Seagate Technology Holdings plc is growing: latest-quarter revenue +44.0% year on year, profit +120.6%, and the margin +12.3 pp at 32.2%. The 4-year compound rates are −3.9% (revenue) and 2.9% (profit). The earnings engine currently reads: improving — as of 29 July 2026.
How is Seagate Technology Holdings plc performing?
Seagate Technology Holdings plc is in a confirmed uptrend, 59 weeks in. Its latest quarter's revenue rose 44.0% and profit rose 120.6% year on year. Against the S&P 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 29 July 2026.
Is Seagate Technology Holdings plc in an uptrend?
Yes — the price is in a confirmed uptrend (week 59 of stage 2), trading +46.7% versus its 200-day average and at 65% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 29 July 2026.
Is Seagate Technology Holdings plc beating the market?
Not lately — on a trailing-13-week view Seagate Technology Holdings plc is currently behind the S&P 500 (1 week and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +3,012% against the S&P 500's +248% — ahead of the index over the full window. — as of 29 July 2026.
Will Seagate Technology Holdings plc's stock price go up?
This page publishes no price forecast for Seagate Technology Holdings plc. What it measures instead: the stock price is $747, the price is in a confirmed uptrend 59 weeks in. Its P/E of 70.8× sits at the 93rd percentile of its own 4-year range. — as of 29 July 2026.
Is the market betting against Seagate Technology Holdings plc?
Somewhat — short interest is 3.3% of Seagate Technology Holdings plc's tradable float, about 1.4 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 29 July 2026.
Does Seagate Technology Holdings plc have too much debt?
It carries real leverage — Seagate Technology Holdings plc's debt-to-equity is 3.82. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 29 July 2026.
What is Seagate Technology Holdings plc's capex?
Seagate Technology Holdings plc spent $1.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $0.3 B. — as of 29 July 2026.
What is Seagate Technology Holdings plc's cash flow?
Seagate Technology Holdings plc generated $1.1 B of operating cash flow in FY25 and $0.8 B of free cash flow after $0.3 B of capital spending. Reported profit that year was $1.5 B, so operating cash ran behind profit. — as of 29 July 2026.
Is Seagate Technology Holdings plc's profit real cash?
Yes — over the last 3 fiscal years, 106% of Seagate Technology Holdings plc's reported profit arrived as operating cash. In FY25, operating cash was $1.1 B against reported profit of $1.5 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 29 July 2026.
How financially safe is Seagate Technology Holdings plc?
On the balance sheet, the Z-score reads 5.32 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 29 July 2026.
Where is Seagate Technology Holdings plc in its business cycle?
Seagate Technology Holdings plc's FY25 operating margin was 20.8%, against a 5-year band of −4.6%–20.8%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 32.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 29 July 2026.
What could break the Seagate Technology Holdings plc story?
The sharpest disagreement: the price moved +395.3% in a year while annual EPS moved +328.5% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 29 July 2026.
Is Seagate Technology Holdings plc a stock worth studying right now?
This is not investment advice. The machine read: Seagate Technology Holdings plc's balance sheet is under water — net worth is negative, so it owes more than it owns. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup. The sharpest open question: whether the business can earn its way back to positive equity before dilution or restructuring gets there first. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 29 July 2026.