Seagate Technology Holdings plc (STX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 3.11B | 2.83B | 2.63B | 2.44B | 2.16B | 2.33B | 2.17B | 1.89B | 1.66B | 1.55B | 1.45B | 1.6B | 1.86B | 1.89B | 2.04B | 2.63B | 2.8B | 3.12B | 3.12B | 3.01B |
| Revenue Growth % | 44.07% | 21.51% | 21.26% | 29.52% | 30.51% | 49.52% | 49.11% | 17.79% | -11.02% | -17.59% | -28.55% | -39.04% | -33.62% | -39.44% | -34.67% | -12.78% | 2.6% | 18.8% | 34.62% | 19.71% |
| Cost of Goods Sold | 1.67B | 1.65B | 1.59B | 1.53B | 1.4B | 1.51B | 1.45B | 1.29B | 1.23B | 1.19B | 1.3B | 1.23B | 1.54B | 1.64B | 1.55B | 1.87B | 2B | 2.17B | 2.16B | 2.13B |
| COGS % of Revenue | 53.5% | 58.37% | 60.56% | 62.6% | 64.81% | 65.08% | 67.07% | 68.2% | 74.32% | 76.72% | 89.75% | 76.84% | 82.85% | 86.96% | 76.31% | 71.12% | 71.23% | 69.58% | 69.31% | 70.63% |
| Gross Profit | 1.45B | 1.18B | 1.04B | 914M | 760M | 812M | 714M | 600M | 425M | 362M | 149M | 371M | 319M | 246M | 482M | 759M | 806M | 948M | 956M | 885M |
| Gross Margin % | 46.5% | 41.63% | 39.44% | 37.4% | 35.19% | 34.92% | 32.93% | 31.8% | 25.68% | 23.28% | 10.25% | 23.16% | 17.15% | 13.04% | 23.69% | 28.88% | 28.77% | 30.42% | 30.69% | 29.37% |
| Gross Profit Growth % | 90.39% | 44.83% | 45.24% | 52.33% | 78.82% | 124.31% | 379.19% | 61.73% | 33.23% | 47.15% | -69.09% | -51.12% | -60.42% | -74.05% | -49.58% | -14.24% | 8.92% | 36.21% | 60.4% | 32.68% |
| Operating Expenses | 449M | 330M | 330M | 346M | 329M | 324M | 311M | 286M | 282M | 238M | 278M | 345M | 634M | 406M | 375M | 398M | 377M | 368M | 370M | 378M |
| OpEx % of Revenue | 14.43% | 11.68% | 12.55% | 14.16% | 15.23% | 13.94% | 14.34% | 15.16% | 17.04% | 15.31% | 19.12% | 21.54% | 34.09% | 21.52% | 18.43% | 15.14% | 13.45% | 11.81% | 11.88% | 12.55% |
| Selling, General & Admin | 143M | 143M | 144M | 154M | 139M | 139M | 129M | 131M | 116M | 108M | 105M | 114M | 123M | 125M | 129M | 149M | 141M | 136M | 133M | 136M |
| SG&A % of Revenue | 4.6% | 5.06% | 5.48% | 6.3% | 6.44% | 5.98% | 5.95% | 6.94% | 7.01% | 6.95% | 7.22% | 7.12% | 6.61% | 6.62% | 6.34% | 5.67% | 5.03% | 4.36% | 4.27% | 4.51% |
| Research & Development | 194M | 187M | 186M | 179M | 180M | 184M | 181M | 158M | 164M | 161M | 171M | 172M | 191M | 200M | 234M | 247M | 233M | 228M | 233M | 232M |
| R&D % of Revenue | 6.23% | 6.62% | 7.07% | 7.32% | 8.33% | 7.91% | 8.35% | 8.37% | 9.91% | 10.35% | 11.76% | 10.74% | 10.27% | 10.6% | 11.5% | 9.4% | 8.32% | 7.32% | 7.48% | 7.7% |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 998M | 846M | 707M | 568M | 431M | 488M | 403M | 314M | 143M | 124M | -129M | 26M | -315M | -160M | 107M | 360M | 429M | 580M | 586M | 507M |
| Operating Margin % | 32.07% | 29.95% | 26.89% | 23.24% | 19.95% | 20.99% | 18.59% | 16.64% | 8.64% | 7.97% | -8.87% | 1.62% | -16.94% | -8.48% | 5.26% | 13.7% | 15.31% | 18.61% | 18.81% | 16.83% |
| Operating Income Growth % | 131.55% | 73.36% | 75.43% | 80.89% | 201.4% | 293.55% | 412.4% | 1107.69% | 145.4% | 177.5% | -220.56% | -92.78% | -173.43% | -127.59% | -81.74% | -28.99% | 11.14% | 66.67% | 133.47% | 89.89% |
| EBITDA | 1.07B | 914M | 779M | 629M | 494M | 551M | 467M | 377M | 206M | 186M | -53M | 130M | -189M | -12M | 242M | 487M | 541M | 688M | 690M | 610M |
| EBITDA Margin % | 34.38% | 32.35% | 29.63% | 25.74% | 22.87% | 23.7% | 21.54% | 19.98% | 12.45% | 11.96% | -3.65% | 8.11% | -10.16% | -0.64% | 11.89% | 18.53% | 19.31% | 22.08% | 22.15% | 20.25% |
| EBITDA Growth % | 116.6% | 65.88% | 66.81% | 66.84% | 139.81% | 196.24% | 981.13% | 190% | 208.99% | 1650% | -121.9% | -73.31% | -134.94% | -101.74% | -64.93% | -20.16% | 11.55% | 54.95% | 97.14% | 66.21% |
| D&A (Non-Cash Add-back) | 0 | 68M | 72M | 61M | 63M | 63M | 64M | 63M | 63M | 62M | 76M | 104M | 126M | 148M | 135M | 127M | 112M | 108M | 104M | 103M |
| EBIT | 1.07B | 779M | 694M | 567M | 432M | 434M | 401M | 620M | 140M | 94M | -63M | -1M | -319M | 39M | 98M | 346M | 414M | 576M | 592M | 556M |
| Net Interest Income | -62M | -65M | -73M | -69M | -73M | -76M | -78M | -75M | -79M | -81M | -82M | -78M | -79M | -76M | -70M | -64M | -63M | -61M | -59M | -59M |
| Interest Income | 6M | 7M | 7M | 6M | 4M | 8M | 7M | 7M | 3M | 3M | 2M | 6M | 2M | 1M | 1M | 1M | 0 | 1M | 0 | 0 |
| Interest Expense | 68M | 72M | 80M | 75M | 77M | 84M | 85M | 82M | 82M | 84M | 84M | 84M | 81M | 77M | 71M | 65M | 63M | 62M | 59M | 59M |
| Other Income/Expense | -134M | -139M | -93M | -76M | -76M | -138M | -87M | 224M | -85M | -128M | -18M | -111M | -85M | 122M | -80M | -79M | -78M | -66M | -53M | -10M |
| Pretax Income | 864M | 707M | 614M | 492M | 355M | 350M | 316M | 538M | 58M | -4M | -147M | -85M | -400M | -38M | 27M | 281M | 351M | 514M | 533M | 497M |
| Pretax Margin % | 27.76% | 25.03% | 23.35% | 20.13% | 16.44% | 15.05% | 14.58% | 28.51% | 3.5% | -0.26% | -10.11% | -5.31% | -21.51% | -2.01% | 1.33% | 10.69% | 12.53% | 16.5% | 17.11% | 16.5% |
| Income Tax | 116M | 114M | 65M | 4M | 15M | 14M | 11M | 25M | 33M | 15M | 37M | 7M | 33M | -5M | -2M | 5M | 5M | 13M | 7M | 15M |
| Effective Tax Rate % | 13.43% | 16.12% | 10.59% | 0.81% | 4.23% | 4% | 3.48% | 4.65% | 56.9% | -375% | -25.17% | -8.24% | -8.25% | 13.16% | -7.41% | 1.78% | 1.42% | 2.53% | 1.31% | 3.02% |
| Net Income | 748M | 593M | 549M | 488M | 340M | 336M | 305M | 513M | 25M | -19M | -184M | -92M | -433M | -33M | 29M | 276M | 346M | 501M | 526M | 482M |
| Net Margin % | 24.04% | 20.99% | 20.88% | 19.97% | 15.74% | 14.45% | 14.07% | 27.19% | 1.51% | -1.22% | -12.65% | -5.74% | -23.28% | -1.75% | 1.43% | 10.5% | 12.35% | 16.08% | 16.89% | 16% |
| Net Income Growth % | 120% | 76.49% | 80% | -4.87% | 1260% | 1868.42% | 265.76% | 657.61% | 105.77% | 42.42% | -734.48% | -133.33% | -225.14% | -106.59% | -94.49% | -42.74% | 5.17% | 78.93% | 135.87% | 190.36% |
| Net Income (Continuing) | 748M | 593M | 549M | 488M | 340M | 336M | 305M | 513M | 25M | -19M | -184M | -92M | -433M | -33M | 29M | 276M | 346M | 501M | 526M | 482M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.27 | 2.60 | 2.43 | 2.24 | 1.57 | 1.55 | 1.41 | 2.39 | 0.12 | -0.09 | -0.88 | -0.44 | -2.09 | -0.16 | 0.14 | 1.27 | 1.56 | 2.23 | 2.28 | 2.07 |
| EPS Growth % | 108.28% | 67.74% | 72.34% | -6.28% | 1208.33% | 1805.17% | 260.23% | 643.18% | 105.74% | 43.19% | -728.57% | -134.65% | -233.97% | -107.17% | -93.86% | -38.65% | 12.23% | 99.11% | 165.12% | 223.44% |
| EPS (Basic) | 3.38 | 2.75 | 2.58 | 2.30 | 1.60 | 1.58 | 1.45 | 2.44 | 0.12 | -0.09 | -0.88 | -0.44 | -2.09 | -0.16 | 0.14 | 1.30 | 1.59 | 2.27 | 2.33 | 2.11 |
| Diluted Shares Outstanding | 229M | 227M | 226M | 218M | 216M | 217M | 216M | 215M | 213M | 209M | 208M | 207M | 207M | 206M | 210M | 217M | 222M | 225M | 231M | 233M |
| Basic Shares Outstanding | 221M | 215M | 213M | 212M | 212M | 212M | 211M | 210M | 210M | 209M | 208M | 207M | 207M | 206M | 208M | 213M | 218M | 221M | 226M | 228M |
| Dividend Payout Ratio | 21.52% | 25.97% | 27.87% | 31.35% | 44.71% | 44.05% | 48.2% | 28.66% | 588% | - | - | - | - | - | 506.9% | 55.07% | 44.51% | 30.14% | 29.09% | 31.95% |