Seagate Technology (STX)
Builds high-capacity hard drives and storage systems for cloud, enterprise and consumer data.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 18, 2026 | Goldman Sachs | Initiate | Rating: — | |
| Jul 30, 2026 | UBS | Target | Target: $860 | Target: $900 |
| Jul 29, 2026 | Barclays | Reiterate | Rating: —Target: $1,000 | Target: $1,250 |
| Jul 29, 2026 | Wedbush | Reiterate | Rating: —Target: $825 | Target: $1,000 |
| Jul 29, 2026 | Bernstein | Reiterate | Rating: —Target: $500 | Target: $1,350 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $1.70B · Total debt $3.86B · Total assets $9.97B · Shareholders' equity $2.17B
- Revenue
- $3.63B
- Operating income
- $1.54B
- Net income
- $1.29B
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 80.23% | 181.84M shares | |
|---|---|---|---|
| 2,066 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.28% | 630.2K shares | |
| 18 holders · as of Sep 16, 2026 | |||
| Other | ≈ 19.49% | 44.18M shares | |
| remainder | |||
226.64M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Clearbridge Investments, LLCInstitution | 7.89% | 17.88M | filed Feb 14, 2020 |
BlackRock, Inc.Institution | 6.69% | 15.17M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.46% | 14.63M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.37% | 9.91M | as of Jun 30, 2026 |
FMR LLCInstitution | 3.60% | 8.15M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | John Christopher Morris | officer: EVP & CTO | −15,466 | $772.15 |
| Sep 15, 2026 | Ban Seng Teh | officer: EVP & Chief Commercial Officer | −52,730 | $782.08 |
| Sep 15, 2026 | William D. Mosley | director, officer: CEO | −97,889 | $772.14 |
| Sep 15, 2026 | Gianluca Romano | officer: EVP & CFO | −49,984 | $772.16 |
| Sep 14, 2026 | William D. Mosley | director, officer: CEO | −1,870 | $781.23 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seagate Technology | $911.50 | +3.90% | $196.72B | 63.1 | 25.1 | 16.1 | +48.5% |
| Western Digital | $463.61 | +3.45% | $154.48B | 18.1 | 22.6 | 12.0 | +43.8% |
| Micron Technology | $1,062.47 | +1.77% | $1.18T | 23.6 | 7.4 | 13.1 | +345.7% |
| Sandisk | $1,884.82 | +6.69% | $261.62B | 24.0 | 8.9 | 12.9 | +371.6% |
| Median | 23.6 | 8.9 | 12.9 | +345.7% |