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Seagate Technology Holdings PLC (STX)

NEUTRAL
TechnologyComputer HardwareSingapore

Fundamental

65

Precio

$818.57

Capitalización Bursátil

$180.10B

Parte 1 · Cuánto vale la empresa

Resumen

Seagate makes hard disk drives — spinning-platter storage that is far cheaper per terabyte than flash memory, which is why it remains the default choice for storing the enormous and growing volume of data cloud providers keep. Its newest drives use a technology called HAMR to pack more data onto each platter. The bulk of its business is now selling these high-capacity drives directly to the operators of hyperscale cloud data centers.

Cómo genera ingresos

Revenue comes from selling hardware, mostly high-capacity nearline drives to cloud and enterprise data centers, plus a smaller and shrinking business of drives for consumer and edge devices. Seagate does not disclose a separate percentage breakdown between these markets for fiscal 2025, reporting instead as a single storage-products business; management describes cloud and data-center demand as the large majority of sales. Pricing and margins move with industry-wide supply discipline among the few remaining drive makers.

Ventaja competitiva

Escala · Estrecha

Only two companies, Seagate and Western Digital, still make hard drives at meaningful scale after years of industry consolidation, and building a competing factory network from scratch would take years and enormous capital. That scale advantage is real but narrow, because the product is still largely a commodity bought on cost-per-terabyte by a handful of powerful cloud buyers who can play the two suppliers against each other.

Qué impulsa la demanda

Cíclico

Demand tracks the capacity-expansion plans of a small number of huge cloud operators, which order in large, lumpy batches tied to their own data-center build-outs. The industry has a long history of swinging between shortage and oversupply within a few quarters as those buyers adjust orders, making revenue and pricing considerably more volatile than end-user data growth alone would suggest.

Riesgos clave

  • Customer concentration among a few hyperscalers — A large share of revenue depends on a small number of very large cloud and data-center customers; a delay, cancellation or reduction of orders by any one of them can materially affect results.
  • Competition from Western Digital and flash storage — Seagate competes directly with Western Digital and Toshiba on hard drives, and indirectly with NAND flash suppliers as flash prices fall and encroach on use cases once reserved for hard disks.
  • Supplier and materials dependency — Manufacturing relies on single-source suppliers for some components and on rare earth elements and specialized alloys whose availability and price can be volatile.
  • Manufacturing footprint concentration — Production is concentrated in a handful of countries, leaving the company exposed to trade policy, tariffs and regional disruption at any single facility.

Los argumentos a favor

Buyers argue that the AI-driven boom in data creation requires ever more cheap bulk storage, that Seagate's HAMR technology has reopened a capacity-per-platter lead over Western Digital, and that near-quadrupled profit and much wider margins in fiscal 2025 show the industry has finally found supply discipline rather than reverting to its old boom-bust pattern.

Los argumentos en contra

Sellers fear that hard drives remain a two-supplier commodity business bought by a handful of price-sensitive hyperscalers, that today's record margins reflect a temporary capacity shortage rather than a permanent shift, and that the industry's long history of overbuilding into every upcycle will repeat once again.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$12.20B

Últimos 12 meses (hasta 3/7/2026)

Beneficio Neto

$3.18B

Últimos 12 meses (hasta 3/7/2026)

Flujo de Caja Libre

$3.10B

Patrimonio Neto Total

$2.17B

Pasivo Total

$7.80B

Ratio de Liquidez

1.67

Cobertura de Intereses

14.42

Deuda/EBITDA

0.89

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Sobrevalorado

Valor Justo

$554.07

Precio Actual

$818.57

Margen de Seguridad

-47.7%

Rango de Valor Justo

$360.14 - $747.99

Métodos de Estimación

Analyst Target:$1125.00
DCF:$250.03
PE-based:$6.07
Graham Growth:$11.55
EPV:$83.37
Consenso de Analistas:Compra Fuerte (26B / 4H / 0S)
Última Sorpresa de Resultados:+11.11%

Métricas de Valoración

Ratio P/E

57.17

ROE

146.9%

Ratio P/B

83.11

P/FCF

58.00

Margen Bruto

45.6%

ROIC

47.3%

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

47.3%

WACC

15.9%

ROIC − WACC

+31.3 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Criterios de Análisis Fundamental

Superado (18)

  • EPS shows upward trend
  • Price CAGR 36.39%
  • ROIC 47.2%
  • Gross Margin 45.6%
  • Debt/Equity ratio
  • Operating Margin 33.6%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 212.4%
  • Analyst Consensus 87% Buy
  • Earnings Surprise avg 11.3%
  • Earnings Quality (OCF/NI) 1.15
  • Net Margin Trend 26.1% vs 16.1%
  • Piotroski F-Score 8/9

Fallido (8)

  • P/FCF 58.00
  • P/B Ratio 83.11
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 2.7%
  • PEG Ratio 3.12
  • Share Dilution 5.6%

No disponible (1)

  • Dividend Payout NaN%

Piotroski F-Score

8/9

Solidez financiera fuerte

score
criteria

Calidad de los Beneficios

1.15

Alta calidad: beneficios respaldados por efectivo

Dilución de Acciones

5.6%

Emitiendo nuevas acciones, diluyendo la participación

Gobernanza

Equipo Directivo

NombreCargoEdad
Dr. William David Mosley Ph.D.CEO & Chairman58
Mr. Gianluca RomanoExecutive VP & CFO56
Dr. John C. MorrisExecutive VP & CTO58
Mr. James C. Lee J.D.Executive VP, Chief Legal Officer & Corporate Secretary55
Mr. Ban Seng TehExecutive VP & Chief Commercial Officer58
Mr. Kian Fatt ChongExecutive Vice President of Global Operations62
Ms. Shanye HudsonSenior Vice President of Investor Relations & Treasury-
Major General Patricia A. FrostExecutive VP and Chief People & Places Officer59

Riesgo de Auditoría

2

Riesgo del Consejo

9

Riesgo de Compensación

6

Riesgo de Derechos del Accionista

8

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for STX, sourced from Markets Gazette.

  • 28d agoPOSITIVE
    Seagate’s earnings are welcome news for the battered AI trade

    Seagate Technology Holdings plc reported June-quarter results that surpassed Wall Street's expectations, leading to an after-hours stock rally. While specific figures were not detailed in the provided snippet, the positive earnings surprise suggests robust performance in its storage solutions, potentially benefiting from demand related to the AI trade. This positive outcome is likely to boost investor sentiment and could lead to upward price target revisions for the company's stock.

  • 5/19/2026NEGATIVE
    Seagate Leads Memory Stocks Lower Following Capacity Warning

    Seagate Technology (STX) shares declined significantly after its CEO voiced concerns about the industry's ability to meet the burgeoning demand for memory driven by artificial intelligence. This warning casts a shadow over the company's capacity to scale production effectively, potentially impacting future revenue streams and profitability. The broader memory sector also experienced a downturn as investors reacted to Seagate's cautionary outlook, suggesting a sector-wide challenge in balancing supply with the exponential growth in AI-related data storage needs. Investors are now reassessing their positions in memory chip manufacturers.

  • 5/13/2026POSITIVE
    If You Invested $1000 In Seagate Technology Hldgs Stock 20 Years Ago, You Would Have This Much Today

    An investment of $1000 in Seagate Technology Holdings plc (STX) stock 20 years ago would have yielded a significant return, illustrating the long-term growth potential of the data storage solutions provider. While specific figures are not provided in the title, the framing suggests a substantial appreciation in value. This historical performance underscores the company's resilience and ability to adapt to evolving technological landscapes, making it a noteworthy consideration for investors focused on technology hardware with a long-term investment horizon.

  • 4/27/2026POSITIVE
    Seagate To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Monday

    Seagate Technology is poised for a potential rally exceeding 19%, according to a compilation of 10 top analyst forecasts. Several Wall Street firms, including Truist Securities, Guggenheim, Benchmark, HC Wainwright, Stifel, Bank of America Securities, and Mizuho, have updated their ratings and price targets for the company. These revisions suggest a broadly positive sentiment among analysts, indicating confidence in Seagate's future performance and potential for significant stock appreciation. Investors should monitor these updated targets for potential entry or exit points.

  • 4/24/2026NEUTRAL
    Seagate, Semis, And E-Commerce: Tradr Doubles Down With New 2X ETFs

    Tradr has launched new 2X leveraged ETFs focusing on Seagate Technology, Coupang, and Monolithic Power Systems. These ETFs aim to provide traders with amplified exposure to the AI momentum and high-growth stock sectors. The introduction of leveraged products offers a way for sophisticated investors to potentially magnify returns, but also increases risk due to the inherent volatility of these sectors and the use of leverage. Investors should note that these instruments are designed for short-term trading strategies.

  • 4/22/2026POSITIVE
    What's Driving Seagate Technology Stock To All-Time Highs?

    Seagate Technology Holdings PLC (NASDAQ:STX) experienced a significant surge on Wednesday, reaching all-time highs. This upward momentum is largely attributed to a wave of positive analyst ratings and coverage received throughout the week. The sustained bullish sentiment from financial analysts suggests a strong conviction in the company's future performance and market position. Investors are likely reacting to these endorsements, which often precede or accompany upward price movements, signaling confidence in Seagate's growth prospects and operational execution.

  • 4/8/2026NEUTRAL
    Here's How Much You Would Have Made Owning Seagate Technology Hldgs Stock In The Last 20 Years

    An analysis of Seagate Technology Holdings plc (STX) stock performance over the past 20 years reveals a complex investment journey. While the article highlights the potential for significant returns, it also implies a historical perspective rather than a forward-looking trading signal. Investors would need to examine the specific returns, volatility, and underlying business drivers during that period to assess its current investment merit. The article serves as a retrospective look at shareholder value creation, not a direct recommendation for immediate action.

  • 4/6/2026POSITIVE
    This ‘overlooked’ AI stock is a new top pick at Morgan Stanley

    Morgan Stanley has identified Seagate Technology Holdings plc (STX) as a new top pick, suggesting the market is overlooking its significant recent gains. The investment bank's positive stance implies a belief in the company's continued growth potential, particularly within the AI sector. Investors who have not yet considered Seagate may find this analyst upgrade a compelling reason to re-evaluate the stock, potentially leading to increased demand and price appreciation.

  • 4/2/2026POSITIVE
    Seagate Shares Rise 3% After Key Trading Signal

    Seagate Technology Holdings plc (STX) experienced a notable surge, with its shares climbing 3% to an intraday high following the activation of a key trading signal. The positive momentum was observed when the stock reached a price of $415.81, indicating a strong investor response to this technical indicator. This price action suggests that the trading signal may have accurately predicted an upward movement, potentially driven by increased buying interest or a shift in market sentiment for STX. Investors will be watching to see if this trend continues.

via Markets Gazette