Seagate Technology Holdings plc (STX) AI Stock Analysis

Seagate Technology Holdings plc specializes in delivering advanced data storage technology and solutions globally, operating across Singapore, the United States, the Netherlands, and other regions. The company offers mass capacity storage products, including enterprise nearline HDDs and SSDs, video and image HDDs, and network-attached storage drives. It also provides Mission Critical HDDs and SSDs for legacy applications, as well as external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and LaCie brands. Additionally, Seagate developed the Lyve edge-to-cloud mass capacity platform to support data management. Founded in 1978 and based in Dublin, Ireland, Seagate serves OEMs, distributors, and retailers.

Seagate experienced cyclical swings before returning to growth over recent fiscal years. Revenue declined 36.7% in FY2023 to $7.38B and fell 11.3% in FY2024 to $6.55B, before rebounding 38.9% in FY2025 to $9.10B and 34.1% in FY2026 to $12.20B. Over the 5-year period from FY2021 to FY2026, revenue CAGR was 2.7%. Operating margin improved from -4.6% in FY2023 to 33.6% in FY2026, while gross margin reached 45.6%. In FY2026, net income reached $3.18B with diluted EPS of $15.30. In the latest quarter ended June 30, 2026, quarterly revenue growth was 48.5% year-over-year and quarterly earnings growth reached 148.8%.

As of June 30, 2026, Seagate held $1.70B in cash and short-term investments against total debt of $3.86B, resulting in net debt of $2.15B. Shareholders' equity was $2.17B and total assets totaled $9.97B, yielding a debt-to-equity ratio of 1.78 and a current ratio of 1.59. In FY2026, the company generated $3.67B in operating cash flow and $3.10B in free cash flow. Capital expenditures totaled $569.0M, while capital returns included $176.0M in share buybacks and $634.0M in dividends paid.

At a last close price of $639.01 on October 16, 2026, Seagate had a market capitalization of $145.31B and an enterprise value of $211.32B. The stock trades at a trailing P/E of 46.0x and a forward P/E of 25.7x, compared to 42.1x and 25.1x for the median of its Nasdaq-100 Technology peers. Its EV to EBITDA multiple is 49.7x, above the peer median of 30.6x, while its price-to-sales multiple of 11.9x is below the peer median of 12.4x. Over the past year, STX gained 184.4%, outperforming the S&P 500 (SPY) return of 16.8%.

Seagate pays a quarterly dividend with an annual forward dividend of $2.96 per share, representing a dividend yield of 0.46%. The company maintains a payout ratio of 19.4% and has paid dividends for 16 consecutive years. Over the past five years, the dividend grew at an annualized rate of 2.1%. The stock's last ex-dividend date was September 24, 2026.

Wall Street coverage consists of 19 Strong Buy, 4 Buy, and 3 Hold ratings, with 0 Sell and 0 Strong Sell ratings. The mean price target is $1125.21, representing an upside of 76.1% compared to the last close of $639.01. For the fiscal year ending June 30, 2027, analysts estimate revenue of $19.02B and EPS of $36.34, representing EPS growth of 133.2%. Seagate exceeded EPS estimates in each of the last 4 quarters, and its next earnings date is October 27, 2026.

This page is an AI-written research summary of Seagate Technology Holdings plc (STX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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