Seagate Technology Holdings plc

Listed Company

STXCIK 0001137789NasdaqLarge AcceleratedComputer Storage DevicesFY ends Jun 27

Period

FY 2025

Revenue

$9.10B

Net Income

$1.47B

Total Assets

$8.02B

Equity

$-453.00M

Shares Out

224.23M

Op. Cash Flow

$1.08B

Business

Seagate Technology Holdings plc is a provider of data storage technology and infrastructure solutions that enable enterprises and end users to store and manage massive volumes of data. It offers hard disk drives (HDDs), solid state drives (SSDs), storage subsystems and the Lyve edge-to-cloud mass data platform, including data transfer shuttles and storage-as-a-service cloud. Its business is organized around mass capacity storage and legacy market applications with enterprise systems and product portfolios supporting nearline, VIA, NAS and mission-critical use cases. Seagate sells to OEMs, cloud and hyperscale customers, distributors and retailers across global markets.

Summary from filing dated 2025-08-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenue	9,097	6,551	7,384	11,661	10,681
Cost of revenue	5,897	5,015	6,033	8,192	7,764
Product development	724	654	797	941	903
Marketing and administrative	561	460	491	559	502
Amortization of intangibles	0	0	3	11	12
BIS settlement penalty	0	0	300	0	0
Restructuring and other, net	25	−30	102	3	—
Total operating expenses	7,207	6,099	7,726	9,706	9,189
Income (loss) from operations	1,890	452	−342	1,955	1,492
Interest income	25	15	10	2	2
Interest expense	−321	−332	−313	—	—
Net gain from termination of interest rate swap	0	104	0	0	—
Net gain from business divestiture	8	313	0	0	—
Net (loss) gain from debt transactions	−7	−29	190	0	—
Other, net	−82	−78	−41	−29	74
Other expense, net	−377	−7	−154	−276	−144
Income (loss) before income taxes	1,513	445	−496	1,679	1,348
Provision for income taxes	44	110	33	30	34
Net income (loss)	1,469	335	−529	1,649	1,314
Basic (in dollars per share)	6.93	1.6	−2.56	7.5	5.43
Diluted (in dollars per share)	6.77	1.58	−2.56	7.36	5.36
Basic (in shares)	212	209	207	220	242
Diluted (in shares)	217	212	207	224	245

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	891	1,358	786	615	1,209
Accounts receivable, net	959	429	621	1,532	1,158
Inventories, net	1,440	1,239	1,140	1,565	1,204
Other current assets	363	306	358	321	208
Total current assets	3,653	3,332	2,905	4,033	3,779
Property, equipment and leasehold improvements, net	1,657	1,614	1,706	2,239	2,181
Other intangible assets	1,200	1,200	1,200	1,237	1,237
Other assets, net	1,066	1,037	1,117	1,132	1,117
Total Assets	426	537	591	294	332
Total Assets	8,023	7,739	7,556	8,944	8,675
Accounts payable	1,604	1,786	1,603	2,058	1,725
Accrued employee compensation	352	106	100	252	282
Accrued warranty	60	74	78	65	61
Current portion of long-term debt	0	479	63	584	245
Accrued expenses	632	654	748	596	608
Total current liabilities	2,648	3,099	2,592	3,555	2,921
Long-term accrued warranty	77	75	90	83	75
Other non-current liabilities	756	861	685	135	154
Long-term debt, less current portion	4,995	5,195	5,388	5,062	4,894
Total Liabilities	8,476	9,230	8,755	8,835	8,044
Ordinary shares and additional paid-in capital	7,706	7,471	7,373	7,190	6,977
Accumulated other comprehensive loss	−8	−2	98	36	−41
Accumulated deficit	−8,151	−8,960	−8,670	−7,117	−6,305
Total Shareholders Deficit	−453	−1,491	−1,199	109	631
Total Liabilities and Shareholders Deficit	8,023	7,739	7,556	8,944	8,675

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	251	264	513	451	397
Share-based compensation	200	127	115	145	112
Net loss (gain) from debt transactions	7	7	−204	0	1
Deferred income taxes	−8	78	10	−9	−4
Other non-cash operating activities, net	137	34	−125	64	−50
Accounts receivable, net	−513	192	911	−374	−42
Inventories, net	−201	−99	425	−361	−64
Accounts payable	−242	227	−421	228	−14
Accrued employee compensation	207	6	−152	−30	58
BIS settlement penalty	−60	−45	0	0	—
Accrued expenses, income taxes and warranty	−95	−138	101	−26	−38
Other assets and liabilities	−61	243	298	−80	−44
Net cash provided by operating activities	1,083	918	942	1,657	1,626
Acquisition of property, equipment and leasehold improvements	−265	−254	−316	−381	−498
Proceeds from the sale of assets	1	40	534	0	4
Purchases of investments	0	0	−1	−18	−4
Proceeds from sale of investments	51	14	0	47	29
Proceeds from business divestiture	25	326	0	0	—
Cash used in acquisition of businesses, net of cash acquired	−88	0	0	—	—
Net cash (used in) provided by investing activities	−276	126	217	−352	−466
Redemption and repurchase of debt	−1,078	−1,288	−1,578	−701	−33
Dividends to shareholders	−600	−585	−582	−610	−649
Repurchases of ordinary shares	0	0	−408	−1,799	−2,047
Taxes paid related to net share settlement of equity awards	−54	−38	−44	−51	−33
Proceeds from issuance of long-term debt	400	1,500	1,600	1,200	1,000
Proceeds from issuance of ordinary shares under employee stock plans	72	66	68	68	108
Other financing activities, net	−14	−128	−44	−6	−19
Net cash used in financing activities	−1,274	−473	−988	−1,899	−1,673
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	0	1	0	0	0
(Decrease) increase in cash, cash equivalents and restricted cash	−467	572	171	−594	−513
Cash paid for interest	324	303	327	244	184
Cash paid for income taxes, net of refunds	42	30	32	33	44

Filings

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