Seagate Technology Holdings plc
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.20B | $9.10B | $6.55B | $7.38B | $11.66B | $10.68B | $10.51B | $10.39B |
| HDD | — | — | $5.82B | $6.66B | $10.61B | $9.71B | $9.55B | $9.47B |
| Systems SSD and Other | — | — | $731.0M | $719.0M | $1.05B | $975.0M | $958.0M | $923.0M |
| Cost of Revenue | $6.64B | $5.90B | $5.02B | $6.03B | $8.19B | $7.76B | $7.67B | $7.46B |
| Gross Profit | $5.56B | $3.20B | $1.54B | $1.35B | $3.47B | $2.92B | $2.84B | $2.93B |
| Gross Margin | 45.6% | 35.2% | 23.4% | 18.3% | 29.7% | 27.3% | 27.1% | 28.2% |
| Operating Expenses | ||||||||
| Research & Development | $755.0M | $724.0M | $654.0M | $797.0M | $941.0M | $903.0M | $973.0M | $991.0M |
| SG&A Expense | $577.0M | $561.0M | $460.0M | $491.0M | $559.0M | $502.0M | $473.0M | $453.0M |
| Operating Income | $4.09B | $1.89B | $452.0M | $-342.0M | $1.96B | $1.49B | $1.30B | $1.49B |
| Operating Margin | 33.6% | 20.8% | 6.9% | -4.6% | 16.8% | 14.0% | 12.4% | 14.3% |
| Interest Expense | — | — | $332.0M | $313.0M | $249.0M | $220.0M | $201.0M | $224.0M |
| Pretax Income | $3.69B | $1.51B | $445.0M | $-496.0M | $1.68B | $1.35B | $1.03B | $1.37B |
| Income Tax Expense | $506.0M | $44.0M | $110.0M | $33.0M | $30.0M | $34.0M | $28.0M | $-640.0M |
| Net Income | $3.18B | $1.47B | $335.0M | $-529.0M | $1.65B | $1.31B | $1.00B | $2.01B |
| Net Margin | 26.1% | 16.1% | 5.1% | -7.2% | 14.1% | 12.3% | 9.6% | 19.4% |
| EPS (Basic) | $14.54 | $6.93 | $1.60 | $-2.56 | $7.50 | $5.43 | $3.83 | $7.13 |
| EPS (Diluted) | $13.90 | $6.77 | $1.58 | $-2.56 | $7.36 | $5.36 | $3.79 | $7.06 |
| Shares Outstanding (Basic) | 219.0M | 212.0M | 209.0M | 207.0M | 220.0M | 242.0M | 262.0M | 282.0M |
| Shares Outstanding (Diluted) | 229.0M | 217.0M | 212.0M | 207.0M | 224.0M | 245.0M | 265.0M | 285.0M |
| Dividends Per Share | $2.94 | $2.86 | $2.80 | $2.80 | $2,770,000.00 | $2.66 | $2.58 | $2.52 |