Seagate Technology Holdings plc
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Financial Performance
Revenue
$9.097B
Market Cap
$23.1B
Net Income
$1.5B
Employees
29,000
Seagate Technology is functioning as the dominant manufacturer of high-capacity hard disk drives, extracting revenues from the extraordinary surge in nearline storage demand driven by the global explosion in AI training data requirements. Under CEO Dave Mosley, the storage technology company generated exactly $7.0 billion in revenue and maintains a $23.1 billion market cap with exactly 29000 employees. The financial narrative in 2026 is entirely defined by nearline HDD supercycle momentum; capitalizing on hyperscalers' insatiable appetite for cost-efficient mass storage, Seagate extracts rapidly improving margins by furiously ramping its differentiated HAMR (Heat-Assisted Magnetic Recording) technology drives that deliver superior areal density at lower cost per terabyte than competing SSD alternatives.
Revenue Trend Analysis
YoY Change
+38.9%
2-Year CAGR
+11%
Peak Year
2025
Trend
Mostly Growing
Seagate Technology Holdings plc has reported revenue across 3 fiscal years, compounding at +11% annually over 2 years. The most recent year saw a 38.9% increase versus the prior year. Revenue peaked in 2025 at $9.1B. Out of 2 reported periods, 1 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $9.1B | $1.5B | +38.9% |
| FY2024 | $6.6B | — | -11.3% |
| FY2023 | $7.4B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Seagate Technology Holdings plc reported approximately $7.0B in fiscal year 2025 with a team of 29,000 employees worldwide.
Seagate Technology Holdings plc strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Data Storage and Computer Hardware is driven by steady cash generation and pricing power, enabling Seagate Technology Holdings plc to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Seagate Technology Holdings plc Revenue & Financials." CorpDigest, https://corpdigest.com/company/seagate/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Seagate Technology Holdings plc reported $9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/seagate/financials" target="_blank" rel="noopener">CorpDigest — Seagate Technology Holdings plc financials</a></div>