Seagate Technology Holdings plc (STX) Stock

Seagate Technology Holdings plc (STX) is a Technology stock trading at $787.53 (as of 2026-07-17), with a market capitalization of $176.59B and a trailing P/E of 79.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

Understand Seagate Technology Holdings plc: how it makes money

Seagate Technology provides data storage technology and solutions, selling mass capacity storage products such as enterprise nearline HDDs and SSDs, enterprise nearline systems, video and image HDDs, network-attached storage drives, and external storage drives under its product lines and brands.

Seagate's profit engine is driven by selling enterprise nearline and data center storage (HDDs and nearline storage systems), with operating performance closely tied to data center revenue and the nearline mix of shipments, plus concentration with leading cloud customers (Mosaic revenue share).

Business quality (Exceptional): Strong clarity on what drives operations (Data Center Revenue, Hard Disk Drive Revenue, nearline mix, and Mosaic concentration), but the provided facts do not include a clean, official, mutually exclusive segment revenue split.

Valuation: At 85× earnings, STX trades 169% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Data center is a major operating revenue driver: Data Center Revenue is 2.5 USD_B in the provided data, making it one of the most important watch items.
  • Nearline mix is consistently central to the shipment profile: Nearline (Mass Capacity) Revenue is 1.9 USD_B, and Nearline mix as a share of exabyte shipments is 90 percent (nearline mix as a share of mass capacity exabytes is 91 percent).
  • Customer concentration is visible and measurable: Mosaic Revenue Share (Leading Cloud Customers) is 75 percent, which helps focus what to track in major customer demand.

Bear case

  • Dependence on leading cloud customers: With Mosaic Revenue Share (Leading Cloud Customers) at 75 percent, changes in demand from these customers could have an outsized impact.
  • Product mix concentration in nearline and mass capacity: Nearline mix as a share of exabyte shipments is 90 percent, implying the business may be sensitive to shifts away from nearline mass capacity storage demand.
  • Legacy products are a smaller portion of the provided operating revenue picture: Legacy Product Revenue is 0.29 USD_B, so the mix benefit from legacy offerings may be limited if current high-volume categories soften.
Valuation — source: SEC EDGAR (first-party)
Price$787.53
Market Cap$176.59B
P/E Ratio79.2
EV / EBITDA50.2
Price / Book161.27
Price / Sales16.46
FCF Yield2.2%
DCF Value (model)$183.06
DCF Upside vs Price-76.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$9.10B
Net Margin16.1%
Revenue Growth (YoY)44.1%
EPS Growth (YoY)111.2%
FCF Growth (YoY)405.6%
Financial Health — source: SEC EDGAR
Altman Z-Score12.50 (safe)
Valuation vs Sector & Industry
Stock P/E79.2
Sector P/E (Technology)34.7
Industry P/E (Computers)30.9
vs Sector128.4%
vs Industry156.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.74B)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOWilliam David Mosley
Employees30,000
CountryIE
IPO Date2002-12-11

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STX earnings history · STX institutional & insider holders · STX KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.