Seagate Technology Holdings plc (STX) Income Statement
STX FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsSTX revenue and net income
Where STX's revenue goes
FY2026Each bar shows an amount and its share of revenue. STX kept 26.1% of revenue as net income.
STX profit margins
STX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +34.1% | +18.2% | +2.7% | +0.9% |
| Gross profit | +73.7% | +57.7% | +13.8% | +7.8% |
| Operating income | +116.6% | — | +22.4% | +24.8% |
| Net income | +116.7% | — | +19.4% | +29.1% |
| EPS (diluted) | +88.9% | +339.7% | +21.8% | +21.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STX quarterly EPS vs estimates
Seagate beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $7.11).
STX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.20B | $9.10B | $6.55B | $7.38B | $11.66B | $10.68B | $10.51B | $10.39B | $11.18B | $10.77B |
| Cost of revenue | $6.64B | $5.90B | $5.01B | $5.97B | $8.19B | $7.76B | $7.67B | $7.46B | $7.82B | $7.60B |
| Gross profit | $5.56B | $3.20B | $1.54B | $1.42B | $3.47B | $2.92B | $2.84B | $2.93B | $3.36B | $3.17B |
| Research & development | $755.0M | $724.0M | $654.0M | $797.0M | $941.0M | $903.0M | $973.0M | $991.0M | $1.03B | $1.23B |
| Sales, general & admin | $577.0M | $561.0M | $442.0M | $491.0M | $559.0M | $502.0M | $473.0M | $453.0M | $562.0M | $606.0M |
| Total operating expenses | $1.46B | $1.31B | $1.08B | $1.76B | $1.51B | $1.43B | $1.54B | $1.45B | $1.73B | $2.12B |
| Operating income | $4.09B | $1.89B | $452.0M | −$342.0M | $1.96B | $1.49B | $1.30B | $1.49B | $1.63B | $1.05B |
| Interest income | $30.0M | $25.0M | $15.0M | $10.0M | $2.0M | $2.0M | $20.0M | $84.0M | $38.0M | $12.0M |
| Interest expense | $284.0M | $321.0M | $332.0M | $313.0M | $249.0M | $220.0M | $201.0M | $224.0M | $236.0M | $222.0M |
| Income before taxes | $3.69B | $1.51B | $445.0M | −$496.0M | $1.68B | $1.35B | $1.03B | $1.37B | $1.42B | $815.0M |
| Income taxes | $506.0M | $44.0M | $110.0M | $33.0M | $30.0M | $34.0M | $28.0M | −$640.0M | $236.0M | $43.0M |
| Net income | $3.18B | $1.47B | $335.0M | −$529.0M | $1.65B | $1.31B | $1.00B | $2.01B | $1.18B | $772.0M |
| EBITDA | $4.25B | $2.08B | $1.04B | $330.0M | $2.38B | $1.97B | $1.61B | $2.14B | $2.25B | $1.79B |
| EPS (diluted) | $15.30 | $8.10 | $1.28 | $0.18 | $8.16 | $5.70 | $4.96 | $4.80 | $5.52 | $4.12 |
| Gross margin | 45.6% | 35.2% | 23.4% | 19.2% | 29.7% | 27.3% | 27.0% | 28.2% | 30.1% | 29.5% |
| Operating margin | 33.6% | 20.8% | 6.9% | −4.6% | 16.8% | 14.0% | 12.4% | 14.3% | 14.6% | 9.8% |
| Net margin | 26.1% | 16.1% | 5.1% | −7.2% | 14.1% | 12.3% | 9.6% | 19.4% | 10.6% | 7.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.63B | $3.11B | $2.83B | $2.63B | $2.44B | $2.16B | $2.33B | $2.17B | $1.89B | $1.66B | $1.55B | $1.45B |
| Cost of revenue | $1.73B | $1.67B | $1.65B | $1.59B | $1.53B | $1.40B | $1.51B | $1.45B | $1.29B | $1.23B | $1.19B | $1.30B |
| Gross profit | $1.90B | $1.45B | $1.18B | $1.04B | $914.0M | $760.0M | $812.0M | $714.0M | $600.0M | $425.0M | $362.0M | $149.0M |
| Research & development | $188.0M | $194.0M | $187.0M | $186.0M | $179.0M | $180.0M | $184.0M | $181.0M | $158.0M | $164.0M | $161.0M | $171.0M |
| Sales, general & admin | $143.0M | $143.0M | $143.0M | $144.0M | $154.0M | $139.0M | $139.0M | $129.0M | $131.0M | $116.0M | $108.0M | $105.0M |
| Total operating expenses | $355.0M | $449.0M | $330.0M | $330.0M | $346.0M | $329.0M | $324.0M | $311.0M | $286.0M | $282.0M | $238.0M | $278.0M |
| Operating income | $1.54B | $998.0M | $846.0M | $707.0M | $568.0M | $431.0M | $488.0M | $403.0M | $314.0M | $143.0M | $124.0M | −$129.0M |
| Interest income | $10.0M | $6.0M | $7.0M | $7.0M | $6.0M | $4.0M | $8.0M | $7.0M | $7.0M | $3.0M | $3.0M | $2.0M |
| Interest expense | $64.0M | $68.0M | $72.0M | $80.0M | $75.0M | $77.0M | $84.0M | $85.0M | $82.0M | $82.0M | $84.0M | $84.0M |
| Income before taxes | $1.50B | $864.0M | $707.0M | $614.0M | $492.0M | $355.0M | $350.0M | $316.0M | $538.0M | $58.0M | −$4.0M | −$147.0M |
| Income taxes | $211.0M | $116.0M | $114.0M | $65.0M | $4.0M | $15.0M | $14.0M | $11.0M | $25.0M | $33.0M | $15.0M | $37.0M |
| Net income | $1.29B | $748.0M | $593.0M | $549.0M | $488.0M | $340.0M | $336.0M | $305.0M | $513.0M | $25.0M | −$19.0M | −$184.0M |
| EBITDA | $1.50B | $1.14B | $847.0M | $766.0M | $628.0M | $495.0M | $497.0M | $465.0M | $683.0M | $203.0M | $156.0M | $13.0M |
| EPS (diluted) | $5.48 | $4.10 | $3.11 | $2.61 | $2.59 | $1.90 | $2.03 | $1.58 | $1.05 | $0.33 | $0.12 | −$0.22 |
| Gross margin | 52.3% | 46.5% | 41.6% | 39.4% | 37.4% | 35.2% | 34.9% | 32.9% | 31.8% | 25.7% | 23.3% | 10.2% |
| Operating margin | 42.5% | 32.1% | 29.9% | 26.9% | 23.2% | 20.0% | 21.0% | 18.6% | 16.6% | 8.6% | 8.0% | −8.9% |
| Net margin | 35.7% | 24.0% | 21.0% | 20.9% | 20.0% | 15.7% | 14.5% | 14.1% | 27.2% | 1.5% | −1.2% | −12.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STX's financial statements (latest annual report filed August 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STX financial results
In fiscal year 2026 (ended June 30, 2026), Seagate reported revenue of $12.2 billion, up 34.1% from the year before. It had net income of $3.2 billion (up 116.7%), a net profit margin of 26.1%. Diluted earnings per share came to $15.30. Over five years revenue grew at an average rate of 2.7% a year.
See the STX stock overview for the latest quote and news, or the STX chart for price history and technical indicators.
STX income statement FAQ
What is Seagate's annual revenue?
Seagate reported total revenue of $12.2 billion for fiscal year 2026, which ended on June 30, 2026. That was up 34.1% from $9.1 billion the previous year.
Is Seagate profitable?
Yes. Seagate reported net income of $3.2 billion in fiscal 2026, a net profit margin of 26.1%; its operating margin was 33.6%.
What is Seagate's gross margin?
Seagate's gross margin was 45.6% in fiscal 2026: for every $100 of revenue, Seagate kept $46 after the direct cost of its products and services.
How much does Seagate spend on research and development?
Seagate spent $755.0 million on research and development in fiscal 2026, 6.2% of revenue.
How fast is Seagate growing?
Revenue grew 2.7% a year on average over the last five fiscal years, from $10.7 billion to $12.2 billion.
What are Seagate's earnings per share?
Seagate earned $15.30 per diluted share in fiscal 2026, compared with $8.10 a year earlier.
When will Seagate report its next earnings?
Seagate is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Seagate's fiscal year end?
Seagate's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 4, 2026.