STX
Seagate Technology Holdings plcExplain this page
Arphra AIPlain-English read on Seagate Technology Holdings plc’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $10.68B | $11.66B | $7.38B | $6.55B | $9.1B | $12.04B | $16.36B | $20.43B | $25.69B |
| Cost of revenue | $7.76B | $8.19B | $5.97B | $5.02B | $5.9B | $8.97B | $12.38B | $14.74B | $19.39B |
| Gross profit | $2.92B | $3.47B | $1.42B | $1.54B | $3.2B | $3.05B | $4.28B | $5.44B | $6.68B |
| Gross margin | +27.31% | +29.75% | +19.20% | +23.45% | +35.18% | +25.36% | +26.18% | +26.62% | +26.02% |
| Operating | |||||||||
| Research & development | $903M | $941M | $797M | $654M | $724M | $1.16B | $1.59B | $1.94B | $2.4B |
| Selling, general & administrative | $502M | $559M | $491M | $460M | $561M | $782.98M | $1.1B | $1.39B | $1.66B |
| Total operating expenses | $1.43B | $1.51B | $1.76B | $1.08B | $1.31B | $2.14B | $3.05B | $3.68B | $4.63B |
| Operating income | $1.49B | $1.96B | -$342M | $452M | $1.89B | $940.92M | $1.22B | $1.58B | $1.99B |
| Operating margin | +13.97% | +16.77% | -4.63% | +6.90% | +20.78% | +7.81% | +7.47% | +7.72% | +7.73% |
| EBITDA | $1.97B | $2.38B | $330M | $1.04B | $2.09B | $1.75B | $2.38B | $2.86B | $3.78B |
| EBIT | $1.57B | $1.93B | -$183M | $777M | $1.83B | $1.16B | $1.6B | $1.96B | $2.59B |
| Below the line | |||||||||
| Interest expense | $220M | $249M | $313M | $332M | $321M | $508.77M | $693.31M | $854.23M | $1.11B |
| Interest income | $2M | $2M | $10M | $15M | $25M | $25.95M | $35.28M | $44.68M | $56.03M |
| Other income / expense | -$144M | -$276M | -$154M | -$7M | -$377M | — | — | — | — |
| Pre-tax income | $1.35B | $1.68B | -$496M | $445M | $1.51B | $668.74M | $906.31M | $1.14B | $1.44B |
| Income tax expense | $34M | $30M | $33M | $110M | $44M | $91.86M | $124.26M | $152.69M | $192.85M |
| Earnings | |||||||||
| Net income | $1.31B | $1.65B | -$529M | $335M | $1.47B | $575.32M | $750.95M | $958.4M | $1.2B |
| Net income · continuing ops | $1.31B | $1.65B | -$529M | $335M | $1.47B | $555.49M | $779.57M | $944.46M | $1.23B |
| Net margin | +12.30% | +14.14% | -7.16% | +5.11% | +16.15% | +4.78% | +4.59% | +4.69% | +4.65% |
| EPS · basic | $5.43 | $7.50 | $-2.56 | $1.60 | $6.93 | $15.06 | $26.85 | $39.43 | $65.74 |
| EPS · diluted | $5.36 | $7.36 | $-2.56 | $1.58 | $6.77 | $14.88 | $26.70 | $39.17 | $65.84 |
| EPS · low estimate | — | — | — | — | — | $14.81 | $23.20 | $29.33 | $61.06 |
| EPS · high estimate | — | — | — | — | — | $14.99 | $32.18 | $56.14 | $72.90 |
| Shares · basic | 242M | 220M | 207M | 209M | 212M | 210.95M | 214.04M | 212.72M | 212.64M |
| Shares · diluted | 245M | 224M | 207M | 212M | 217M | 218.33M | 217.16M | 215.33M | 215.25M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 16 | 16 | 17 | 8 |
| Analysts (EPS) | — | — | — | — | — | 12 | 11 | 7 | 2 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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