Seagate Technology Holdings plcSTX

Seagate Technology Holdings plc Earnings Per Share Disclosure

10-KFiled Aug 1, 20252 min read
(Loss) Per Share
Basic earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period. Diluted earnings per share is computed by dividing income available to shareholders by the weighted-average number of shares outstanding during the period and the number of additional shares that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options, unvested restricted share units and performance-based share units and shares to be purchased under the Employee Stock Purchase Plan using the treasury stock method, as well as shares issuable in connection with the Company’s exchangeable senior notes using the “if-converted” method.
Under the treasury stock method, the dilutive effect of potentially dilutive securities is reflected in diluted net earnings per share and an increase in fair market value of the Company’s share price can result in a greater dilutive effect from potentially dilutive securities. Under the “if-converted” method, diluted earnings per share is calculated assuming that the excess value above the principal of the exchangeable notes were converted solely into shares of common stock at the beginning of the reporting period, unless the result would be anti-dilutive, which could adversely affect our diluted earnings per share.
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to the shareholders of the Company:
 Fiscal Years Ended
(In millions, except per share data)June 27,
2025		June 28,
2024		June 30,
2023
Numerator:   
Net income (loss)$1,469 $335 $(529)
Number of shares used in per share calculations:   
Total shares for purposes of calculating basic net income (loss) per share 212 209 207 
Weighted-average effect of dilutive securities:   
Employee equity award plans2 2 — 
2028 Notes if-converted shares3 1 — 
Total shares for purposes of calculating diluted net income (loss) per share 217 212 207 
Net income (loss) per share    
Basic$6.93 $1.60 $(2.56)
Diluted6.77 1.58 (2.56)
All potentially dilutive securities that could have an anti-dilutive effect on the calculation of the earnings per share have been excluded for the periods presented. The weighted average anti-dilutive shares that were excluded from the computation of diluted net income (loss) per share were not material for the fiscal years ended June 27, 2025 and June 28, 2024. The weighted average anti-dilutive shares that were excluded from the computation of diluted net loss per share were 7 million for the fiscal year ended June 30, 2023
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Historical Timeline

Fiscal YearFiled
2025Aug 1, 2025Showing above
2024Aug 2, 2024
2023Aug 4, 2023
2022Aug 5, 2022
2021Aug 6, 2021
2020Aug 7, 2020
2019Aug 2, 2019
2018Aug 3, 2018
2017Aug 4, 2017
2016Aug 5, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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