Reading the tape
NASDAQ: STX
Seagate Technology Holdings plc
Technology · Computer Hardware
Market Cap
$163.00B
52w High
$728.00
52w Low
$91.92
P/E
67.56
Volume
7.38M
Outstanding Shares
224.23M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 707.61%Revenue (TTM): 28.92%FCF (TTM): 240.62%P/FCF: 100th pct
What changed
The stock rose 707.61% over the last year. Revenue grew 28.92% over the trailing twelve months. Operating margin moved from 19.16% to 28.33%. Free cash flow grew 240.62% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 28.33% — continued expansion would be needed to justify the premium. Revenue growth of 28.92% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally.
CEOWilliam David Mosley
SectorTechnology
IndustryComputer Hardware
Employees30,000
IPO dateDec 11, 2002
Valuation
Forward P/E—
EV/EBITDA16.53
Enterprise value$34.47B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth44.07%
Gross margin41.54%▲50.03%vs FY2024
Operating margin28.33%▲201.12%vs FY2024
ROE-324.28%▼1343.30%vs FY2024
Analyst consensus
RatingBuy
Target price$623.71▼14.20%
28
Buy
20
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $5.04 · Revenue est $3.47B
View
Dividends
$2.94/shareQuarterlyDividend Achiever · 12yrAdequateSTX pays a dividend with a 0.4% declared yield, 12 consecutive years of growth, growing at 2.05% annually, covered 1.4× by free cash flow.
Declared Yield
0.4%
Annual Div / Share
$2.94
5yr CAGR
+2.05%
Doubles every ~34.1yr
Payout Ratio
26.11%
Adequate
Dividend Growth Rate
3yr CAGR
+1.18%
5yr CAGR
+2.05%
10yr CAGR
+2.57%
Dividend Safety
8/10Adequate
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$2.90+2.8%
2024$2.82+0.7%
2023$2.80+0.0%
2022$2.80+3.3%
2021$2.71+3.4%
2020$2.62+3.1%
2019$2.54+0.8%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$4/yr
$0/mo
In 5 yrs
$4/yr+11%
$0/mo
In 10 yrs
$5/yr+23%
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$4/yr $0/mo | $4/yr+11% $0/mo | $5/yr+23% $0/mo |
Yield-on-cost grows from 0.4% → 0.5% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
STX has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.