Seagate Technology Holdings Plc

Seagate Technology Holdings Plc

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Market Cap$191.97B
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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Seagate Technology Holdings PlcSeagate Technology Holdings Plc58.90.34%147%15.61.6

Earnings Call Q4 2026

July 28, 2026 - AI Summary

Strong Q4 finish + major margin/cash acceleration - June quarter (fiscal Q4) revenue $3.6B, +17% QoQ, +48% YoY, above the top end of guidance. - Non-GAAP gross margin 52.7%, +570 bps QoQ; non-GAAP operating margin 44.6% (+710 bps QoQ). - Non-GAAP EPS $5.71, +39% QoQ and +121% YoY, also above the high end of guidance. - Free cash flow > $1.1B (strongest quarter in over a decade); fiscal 2026 FCF $3.1B. - What’s good: consistent execution, pricing/mix benefits, and strong cash generation.
Guidance: September quarter growth + margin expansion (clear top-line momentum) - Revenue forecast: $4.1B ± $100M (midpoint implies +56% YoY). - Non-GAAP operating expenses: ~$300M. - Non-GAAP operating margin: ~50% (around midpoint). - Non-GAAP EPS forecast: $7.30 ± $0.20; tax rate ~16%; diluted share count ~231M (incl. ~2M shares from 2028 convert). - CFO guided OI&E ~ $45M in September (benefit from lower interest expense as debt is reduced). - What’s good: management expects sequential revenue + margin expansion again. - Risk implied: guidance assumes continued demand strength and stable pricing/mix.
Demand durability: mass capacity storage growth + customer planning extending to late decade - Data center is ~89–90% of exabytes shipped; cloud is the largest driver. - Fiscal 2026 exabytes shipped: 34% YoY; management expects fiscal 2027 revenue growth to outpace 2026. - Nearline exabytes allocated into calendar 2028 via long-term supply agreements; they report no evidence of customers pulling back planning horizons and some seek extensions into 2029+. - Opportunity: AI/agentic workloads increase need for “context” (KV cache) that benefits tiered storage and HDD capacity economics. - Surprising/important: they characterize “physical AI” as a data play (sensor networks + unstructured video stored/retained), not just robotics endpoints—implying a future edge demand step-up.

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$941.69

Target Price by Analysts

10% upsideSeagate Technology Holdings Plc Target Price DetailsTarget Price
$74.40

Current Fair Value

91.3% downside

Overvalued by 91.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$191.97 Billion
Enterprise Value$193.83 Billion
Dividend Yield$2.94 (0.34%)
Earnings per Share$14.54
Beta2.07
Outstanding Shares219,000,000

Return

Return on Equity146.93%ROE
Return on Assets31.93%
Return on Invested Capital57.97%

Valuation & Multiples

P/E Ratio58.88P/E Ratio
PEG35.65PEG
Price to Sales15.57Price to Sales
Price to Book Ratio95.13Price to Book Ratio
Enterprise Value to Revenue15.89
Enterprise Value to EBIT48.85
Enterprise Value to Net Income60
Total Debt to Enterprise0.02
Debt to Equity1.65Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$5.10
Average shareholder expectation
Revenue Estimate
$3.50 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$5.10
Average shareholder expectation
Revenue Estimate
$3.49 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0332▼ 238.36%
Total Calls15,049▼ 99.71%
Total Puts500▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.59%▼ 80.98%
Total Invested$7.52B▼ 89.68%
Investors Holding846▼ 688.00%

ESG Score

No data

About Seagate Technology Plc

CEO: Stephen Luczo

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment incentives, and the overall tax burden on a multinational corporation like Seagate.

Finance

This powerful committee controls taxation and trade policy, which are fundamental to a global manufacturer like Seagate. Changes in corporate tax rates, R&D credits, or international trade tariffs can significantly impact the company's profitability and competitive landscape.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine specific funding for defense, scientific research, and infrastructure projects, directly impacting government contracts and potential demand for Seagate's storage products.

Judiciary

This committee's jurisdiction over antitrust laws and intellectual property is crucial for a technology company. It can directly impact competition, merger approvals, and the protection of Seagate's proprietary technologies.

Armed Services

This committee oversees the Department of Defense and authorizes the NDAA, directly determining funding for defense contractors and military technologies. The defense sector is a significant consumer of advanced, secure data storage solutions, making this committee highly relevant to Seagate's potential government contracts.

Select Committee on Intelligence

Members receive classified briefings on global threats and intelligence needs. This creates a high potential for informational asymmetry regarding future government procurement of secure data storage for defense, cybersecurity, and intelligence operations, a key market for Seagate.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, technology policy, the FTC, and R&D. It directly influences competition, data policy, supply chain resilience, and the overall regulatory environment for tech manufacturers like Seagate.