Seagate Technology Holdings (STX) 10-K Summaries & Annual Filing History
Review Seagate Technology Holdings plc (STX) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Jun 27, 2025 · FY2027 10-K
Seagate Technology is a leading provider of data storage technology, primarily hard disk drives, serving enterprise and consumer markets. The company reported a significant increase in revenue for the most recent fiscal year, reversing a multi-year decline, with positive operating income and net income.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9.1B
Revenue reported for the fiscal year.
Operating income
$1.9B
Income from operations reported for the year.
Net income
$1.5B
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $11.7B | +9.2% |
| Jun 30, 2023 | $7.4B | -36.7% |
| Jun 28, 2024 | $6.6B | -11.3% |
| Jun 27, 2025 | $9.1B | +38.9% |
Business overview
Seagate designs and manufactures hard disk drives (HDDs), solid state drives (SSDs), storage subsystems, and cloud-based mass data platforms. Its HDDs are used for mass capacity storage in cloud, edge, and legacy applications, while emerging use cases include machine learning and artificial intelligence. The company also offers storage-as-a-service and data transfer solutions.
Financial performance
Revenue for the fiscal year increased compared to the prior year, after having declined in the two preceding years. Operating income and net income were both positive, and operating cash flow was robust. The company's financial results reflect a recovery in demand for data storage products.
Material risks
The filing lists risk factors but does not provide specific details within the supplied context. Potential risks may relate to industry competition, technological changes, and macroeconomic conditions, though the filing text does not elaborate on these.
Liquidity and capital
The filing includes a discussion of liquidity and capital resources, covering changes in balance sheets and cash flows, as well as potential sources of liquidity and material cash requirements. The company generated positive operating cash flow during the period.
What to watch
Readers should monitor the company's revenue trends in mass capacity storage, particularly for emerging applications such as artificial intelligence and machine learning.