Seagate Technology (STX) stock
Information Technology · Technology Hardware, Storage & Peripherals
Seagate Technology (STX) is a Technology Hardware, Storage & Peripherals company in the Information Technology sector, headquartered in Dublin, Ireland. As of October 23, 2026, STX closed at $630.49, a market capitalization of $143.37 billion, the 83rd largest company in the S&P 500. Over the last twelve months it generated $12.20 billion in revenue (+48% year over year) and $3.10 billion in free cash flow. The stock trades at 45.4x trailing earnings and 11.0x forward earnings.
- 1-year total return: +180.1% (dividends reinvested)
- 5-year return: +52.8% a year
- 52-week range: $217.67 – $1,145.00
- Gross margin 45.6%, operating margin 43.1%
- Dividend yield: 0.47%, 2 straight years of increases
- FI Handbook report card: B+ across 10 metrics
- 28th largest of 75 Information Technology stocks in the S&P 500
STX price chart
1Y price change: +178.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| STX | -31.7% | +129.7% | +180.1% | +117.3% | +52.8% | +39.2% | +22.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2002.
STX key statistics
- Market cap
- $143.4B
- #83 in S&P 500
- P/E (TTM)
- 45.4x
- Forward P/E
- 11.0x
- EPS (TTM)
- $13.90
- Revenue (TTM)
- $12.2B
- +49%
- Free cash flow
- $3.1B
- Gross margin
- 45.6%
- Operating margin
- 43.1%
- Return on equity
- 371.5%
- Dividend yield
- 0.47%
- 52-week range
- $217.67 – $1,145
- Beta
- 2.08
- Price / sales
- 11.8x
- EV / EBITDA
- 32.2x
- Debt / equity
- 1.80x
- Employees
- 30,000
STX report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth48.5%A
- Gross margin45.6%B
- Operating margin43.1%A
- FCF margin25.5%A
- Return on equity371.5%A
- Net debt / EBITDA0.5xB
- Forward P/E11.0xA
- PEG ratio0.5xA
- Shareholder yield0.6%D
- Share count change / yr-1.3%B
Seagate Technology financials
Revenue went from $10.8B in fiscal 2017 to $12.2B in fiscal 2026, growing 1.4% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $11.2B | $10.4B | $10.5B | $10.7B | $11.7B | $7.4B | $6.6B | $9.1B | $12.2B |
| Gross profit | $3.2B | $3.4B | $2.9B | $2.8B | $2.9B | $3.5B | $1.4B | $1.5B | $3.2B | $5.6B |
| Operating income | $1.1B | $1.6B | $1.5B | $1.3B | $1.5B | $2.0B | -$342.0M | $452.0M | $1.9B | $4.1B |
| Net income | $772.0M | $1.2B | $2.0B | $1.0B | $1.3B | $1.6B | -$529.0M | $335.0M | $1.5B | $3.2B |
| EPS (diluted) | $2.58 | $4.05 | $7.06 | $3.79 | $5.36 | $7.36 | $-2.56 | $1.58 | $6.77 | $13.90 |
| Free cash flow | $1.5B | $1.7B | $1.2B | $1.1B | $1.1B | $1.3B | $626.0M | $664.0M | $818.0M | $3.1B |
| Buybacks | $460.0M | $361.0M | $963.0M | $850.0M | $2.0B | $1.8B | $408.0M | $0 | $0 | $176.0M |
| Dividends paid | $561.0M | $726.0M | $713.0M | $673.0M | $649.0M | $610.0M | $582.0M | $585.0M | $600.0M | $634.0M |
| Diluted shares | 299.0M | 292.0M | 285.0M | 265.0M | 245.0M | 224.0M | 207.0M | 212.0M | 217.0M | 229.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into STX?
A reverse DCF asks what growth the current price requires. With an enterprise value of $145.6B and $3.1B of trailing free cash flow, Seagate Technology needs to grow free cash flow about 32.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 22.4% a year over the last five years.
P/E ratio history
Current 45.4x vs. median 12.4x (10th–90th percentile 5.2x–57.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
STX dividend
- Dividend yield
- 0.47%
- Annual dividend
- $2.96
- Years of increases
- 2
- 5-yr dividend growth
- 2.1%
- per year
- Payout ratio
- 21%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
STX analyst price targets
24 analysts' average 12-month target is $1,117 (+77% vs. $630.49). Targets range from $700.00 to $1,600. 88% rate it a buy.
STX earnings
Next report: October 27, 2026. Seagate Technology has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $3.6B (+48% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $5.09 | $5.71 | +12.1% |
| Apr 28, 2026 | $3.51 | $4.10 | +16.8% |
| Jan 27, 2026 | $2.84 | $3.11 | +9.6% |
| Oct 28, 2025 | $2.40 | $2.61 | +8.8% |
| Jul 29, 2025 | $2.44 | $2.59 | +6.0% |
| Apr 29, 2025 | $1.74 | $1.90 | +9.2% |
| Jan 21, 2025 | $1.88 | $2.03 | +8.1% |
| Oct 22, 2024 | $1.46 | $1.58 | +8.6% |
Stocks like STX
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|---|---|---|---|---|---|
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STX news
- Seagate's booming business comes with an unexpected twist · Oct 24, 2026
- Seagate’s Q1 Earnings Dilemma on Oct. 27: Blockbuster AI Data Demand Confronts Rising Oversupply Fears · Oct 24, 2026
- The Next AI Infrastructure Winner Isn't a Memory Stock. It's This. · Oct 24, 2026
- Ahead of Seagate Earnings, Here's What Barchart Data Says Comes Next for STX Stock · Oct 23, 2026
- Seagate (STX) Stock May Be Undervalued On Fresh HAMR Demand Optimism · Oct 23, 2026
STX stock FAQ
What is STX's market cap?
Seagate Technology's market capitalization is $143.37 billion as of October 23, 2026, ranking 83rd in the S&P 500.
What is STX's P/E ratio?
STX trades at a trailing price-to-earnings ratio of 45.4x and a forward P/E of 11.0x. Its median P/E over the period we track is 12.4x.
Does STX pay a dividend?
Yes. Seagate Technology pays $2.96 per share a year, a 0.47% yield. It has raised its dividend 2 years in a row. Dividends grew 2.1% a year over the last five years.
How much has STX stock returned?
Including reinvested dividends, STX returned +180.1% over one year, +52.8% a year over five years, +39.2% a year over ten years through October 23, 2026.
Is STX stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Seagate Technology must grow free cash flow about 33% a year for the next decade. Its free cash flow grew 22% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the STX price target?
24 analysts cover STX with an average 12-month price target of $1,116.58, +77% from the current price. 88% of them rate it a buy.
When does STX report earnings?
Seagate Technology is expected to report earnings on October 27, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Seagate Technology have?
Seagate Technology has about 30,000 full-time employees, or $406,500 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology