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Screener / SEC EDGAR /CIK 0001137789 /10-K filed Aug 4, 2026, compared with Aug 1, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
KLACWDCMSIADINXPISTX
Nasdaq Technology · Computer Storage

Seagate Technology STX

STX quote by TradingView

Seagate is a leading provider of mass-capacity data storage, accelerating the world’s ability to harness the full value of data. 10-K, Item 1

Employees
30,000
Headquarters
Singapore, U0
CEO
William D. Mosley
Next results
around Jan 26, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $12.2B through the costs to a net profit of $3.2B · income statement of the 10-K

34% operating margin
Revenue to Gross profit: $5.6BRevenue to Cost of revenue: $6.6BGross profit to Operating profit: $4.1BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $3.2BOperating profit to Tax & other: $910.0MOperating expenses to R&D: $755.0MOperating expenses to Sales, admin & other: $709.0M Revenue: $12.2B REVENUE $12.2B +34% Y/Y Gross profit: $5.6B · 46% margin GROSS PROFIT $5.6B 46% margin Cost of revenue: $6.6B · 54% of revenue COST OF REVENUE $6.6B 54% of revenue Operating profit: $4.1B · 34% margin OPERATING PROFIT $4.1B 34% margin · +117% Y/Y Operating expenses: $1.5B · 12% of revenue OPERATING EXPENSES $1.5B 12% of revenue Net profit: $3.2B · 26% margin NET PROFIT $3.2B 26% margin · +117% Y/Y Tax & other: $910.0M · 7% of revenue TAX & OTHER $910.0M 7% of revenue R&D: $755.0M · 6% of revenue R&D $755.0M 6% of revenue Sales, admin & other: $709.0M · 6% of revenue SALES, ADMIN & OTHER $709.0M 6% of revenue
Gross profit $5.6B 46% margin
Operating profit $4.1B 34% margin · +117% Y/Y
Net profit $3.2B 26% margin · +117% Y/Y
The full income statement, year by year

STX among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 34.1%, above 86% of 74 peers (their median 14.0%) REVENUE GROWTH 34.1% · above 86% Gross margin: 50.4%, above 36% of 67 peers (their median 58.0%) GROSS MARGIN 50.4% · above 36% Operating margin: 39.6%, above 84% of 70 peers (their median 22.2%) OPERATING MARGIN 39.6% · above 84% Net margin: 31.9%, above 80% of 74 peers (their median 18.9%) NET MARGIN 31.9% · above 80% FCF margin: 30.1%, above 71% of 70 peers (their median 22.3%) FCF MARGIN 30.1% · above 71% Return on capital: 60.9%, above 97% of 61 peers (their median 12.6%) RETURN ON CAPITAL 60.9% · above 97%
STX Peer median Below the median

What changed

4 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Aug 4, 2026 against Aug 1, 2025.

Risk factors
4 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +60.0% vs revenue +34.1% (+25.9 pts)
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +60.0% vs revenue +34.1% (+25.9 pts)
  • Cash from operations $3.7B vs net income $3.2B (FY ending Jul 3, 2026)
9 more checks with nothing to note
  • Inventory +9.1% vs revenue +34.1% (-25.0 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Realizability of deferred income taxes. Same as last year: Revenue recognition—Sales incentive program rebates and discounts
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

4 paragraphs in Risk Factors that were not in the 10-K filed Aug 1, 2025. Quoted as filed.

All 4 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Aug 1, 2025 10-K, ITEM 1A
    We rely extensively on information technology systems, networks, and cloud-based platforms, including those operated by vendors, suppliers, and other third parties, to support our business operations. We and our third party providers are regularly subject to cybersecurity threats and attempted cyberattacks of varying types and degrees…
  2. Item 1A · new paragraph · not in the 10-K filed Aug 1, 2025 10-K, ITEM 1A
    Armed conflicts and geopolitical tensions may also result in sanctions, export restrictions, tariffs or other trade restrictions, limit or restrict our ability to access certain markets and disrupt key logistics networks, including air and ocean freight travel routes. These developments have increased, and could further increase, costs…
  3. Item 1A · new paragraph · not in the 10-K filed Aug 1, 2025 10-K, ITEM 1A
    In addition, our operations are conducted at a limited number of facilities, and those of many of our direct and indirect suppliers, manufacturing vendors and customers are similarly concentrated in a limited number of geographic locations. Because our manufacturing footprint, and those of our key suppliers, is concentrated in…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
50 100 150 200 Revenue: $10.8B in FY2017, $12.2B in FY2026 REVENUE $12.2B · 1.1x Free cash flow: $1.5B in FY2017, $3.1B in FY2026 FREE CASH FLOW $3.1B · 2.1x FY2017 = 100FY2022FY2026
Revenue 1.1x $10.8B to $12.2B
Free cash flow 2.1x $1.5B to $3.1B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2027FY2026
Revenue$7.4B$6.6B$9.1B$12.2B
Net income−$529.0M$335.0M$1.5B$3.2B
Operating cash flow$942.0M$918.0M$1.1B$3.7B
Free cash flow$626.0M$664.0M$818.0M$3.1B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$12.2B ▲ 34.1% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2027FY2026
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Seagate Technology, Singapore, U0 · from the 10-K filed Aug 4, 2026

Seagate is a leading provider of mass-capacity data storage, accelerating the world’s ability to harness the full value of data. For nearly 50 years, our portfolio of advanced storage solutions has helped hyperscale, cloud service providers (“CSPs”), enterprises and consumers protect, create and manage the data that powers their transformation and growth. Hard disk drives (“HDDs”) remain a foundational technology for delivering scalable, energy-efficient, mass-capacity storage with favorable storage economics that underpins modern digital infrastructure.

Headquarters
Singapore, U0
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
June 27
Last results
Oct 27, 2026

Employees, at the top of the page: "As of July 3, 2026, we employed approximately 30,000 full-time employees worldwide, including approximately 25,000 employees located in Asia" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Aug 4, 2026 (open at SEC), compared with the 10-K filed Aug 1, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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