Seagate

OverviewSuggest Edit

Seagate Technology is a provider of data storage technologies and solutions. Its main products include hard disk drives (HDD) and solid-state drives (SSD). The company also offers backup and recovery, data analytics, private and public cloud, computing, multi-cloud storage, and other solutions. In addition, Seagate Technology provides data transfer and cloud storage services as well as CORTX, open-source object storage software.
TypePublic
Founded1979
HQDublin, IE
Websiteseagate.com
Employee Ratings3.9
Overall CultureD

Latest Updates

Employees (est.) (Jul 2021)40,000(-4%)
Job Openings464
Revenue (FY, 2021)$10.7 B(+2%)
Share Price (Aug 2022)$79.5
Cybersecurity ratingBMore
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Key People/Management at Seagate

Dave Mosley

Dave Mosley

CEO, Director
Gianluca Romano

Gianluca Romano

Executive Vice President and Chief Financial Officer
Ravi Naik

Ravi Naik

Chief Information Officer and Executive Vice President, Storage Services
John Morris

John Morris

Senior Vice President and Chief Technology Officer
Patricia Frost

Patricia Frost

Senior Vice President and Chief of Human Resources
Kate Schuelke

Kate Schuelke

Senior Vice President, Chief Legal Officer
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Seagate Office Locations

Seagate has offices in Dublin, Cupertino, Fremont, Longmont and in 11 other locations
Dublin, IE (HQ)
38/39 Fitzwilliam Pl
München, DE
Messerschmittstraße 4
Bayan Lepas, MY
1-16-7, Suntech@Cybercity Lintang Mayang Pasir 3, Penang, Bayan Baru
Schiphol-Rijk, NL
Tupolevlaan 105
Singapore, SG
121 Woodlands Ave 5
Singapore, SG
16 Woodlands Loop
Show all (16)

Seagate Financials and Metrics

Seagate Revenue

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View revenue for all periods
Seagate's revenue was reported to be $10.68 b in FY, 2021
USD

Revenue (Q3, 2022)

2.8b

Gross profit (Q3, 2022)

915.0m

Gross profit margin (Q3, 2022), %

32.7%

Net income (Q3, 2022)

346.0m

EBITDA (Q3, 2022)

541.0m

EBIT (Q3, 2022)

413.0m

Market capitalization (1-Aug-2022)

16.7b

Closing stock price (1-Aug-2022)

79.5

Cash (1-Apr-2022)

962.0m

EV

21.4b
Seagate's current market capitalization is $16.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

10.4b10.5b10.7b

Cost of goods sold

(6.9b)(7.3b)(7.4b)

Gross profit

3.5b3.2b3.3b

Gross profit Margin, %

33%31%31%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

3.0b2.7b2.3b2.6b2.7b2.7b2.3b2.6b2.7b3.1b3.1b2.8b

Cost of goods sold

(1.9b)(1.8b)(1.6b)(1.8b)(1.8b)(1.9b)(1.6b)(1.8b)(1.9b)(2.1b)(2.1b)(1.9b)

Gross profit

1.0b927.0m730.0m759.0m847.0m837.0m692.0m789.0m836.0m1.1b1.1b915.0m

Gross profit Margin, %

35%34%32%29%31%31%30%30%31%34%34%33%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

841.0m1.7b1.2b658.0m

Accounts Receivable

1.2b989.0m1.1b1.2b

Inventories

1.1b970.0m1.1b1.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

716.0m480.0m852.0m964.0m1.1b1.0b1.2b756.0m682.0m569.0m1.1b962.0m

Accounts Receivable

1.2b1.1b897.0m1.1b1.1b1.2b866.0m801.0m978.0m1.3b1.4b1.3b

Inventories

1.1b1.1b1.0b1.0b1.1b1.1b1.3b1.3b1.3b1.2b1.3b1.5b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

1.2b2.0b1.0b1.3b

Depreciation and Amortization

598.0m541.0m379.0m397.0m

Inventories

(71.0m)80.0m(166.0m)(64.0m)

Accounts Payable

65.0m(268.0m)394.0m(14.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

450.0m834.0m1.0b200.0m518.0m838.0m223.0m503.0m832.0m526.0m1.0b1.4b

Depreciation and Amortization

134.0m272.0m407.0m84.0m185.0m279.0m99.0m195.0m294.0m104.0m212.0m324.0m

Inventories

(66.0m)(47.0m)49.0m(65.0m)(172.0m)(126.0m)(181.0m)(176.0m)(141.0m)16.0m(83.0m)(275.0m)

Accounts Payable

119.0m(240.0m)(366.0m)281.0m458.0m424.0m(24.0m)(75.0m)60.0m28.0m63.0m209.0m
USDFY, 2018

Debt/Equity

2.9 x

Debt/Assets

0.5 x

Financial Leverage

5.7 x
Show all financial metrics

Seagate Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Exabytes Shipped

20222856615623367686526370888733899877734798

Patents (Foreign)

1.2 k1.21 k1.3 k1.3 k1.4 k1.3 k

Patents (US)

4.96 k5.19 k5 k5.6 k6 k6 k

Patents Pending

2.35 k2.65 k2.7 k2 k1.6 k1.4 k

Seagate Acquisitions / Subsidiaries

Company NameDateDeal Size
Lyve MindsOctober 19, 2015
Dot Hill SystemsOctober 06, 2015$674 m
XyratexMarch 31, 2014
LaCieMay 23, 2012
MetaLINCSDecember 06, 2007
EVault IncJanuary 26, 2007$178 m
MaxtorMay 24, 2006
ActionFront Data Recovery LabsNovember 01, 2005
MirraSeptember 14, 2005
X-IODecember 27, 1999$360 m
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Seagate Revenue Breakdown

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Seagate revenue breakdown by business segment: 69.3% from OEMS, 17.4% from DISTRIBUTORS and 13.3% from RETAILERS

Seagate revenue breakdown by geographic segment: 48.5% from Singapore, 17.1% from The Netherlands, 34.2% from United States and 0.2% from Other

Seagate Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Seagate Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Seagate Online and Social Media Presence

Embed Graph

Seagate Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    C-

    63/100

  • Compensation

    B

    69/100

  • Diversity

    D

    55/100

Learn more on Comparably

Seagate News and Updates

Seagate Technology Reports Fiscal Third Quarter 2022 Financial Results

Revenue of $2.8 billion GAAP diluted earnings per share (EPS) of $1.56; non-GAAP diluted EPS of $1.81 Cash flow from operations of $460 million and free cash flow of $363 million Returned $571 million to shareholders through dividends and the repurchase of 4.2 million ordinary shares Seagate Technol…

Seagate Commits to Power Global Footprint with 100% Renewable Energy by 2030 and to Achieve Carbon Neutrality by 2040

Archived press releases, articles and financial news from Seagate.

Seagate Technology to Report Fiscal Third Quarter 2022 Financial Results on April 27, 2022

Archived press releases, articles and financial news from Seagate.

Seagate and Phison Broaden Partnership to Bolster Portfolio of High-Performance, High-Density Enterprise-Class Solid State Drives Optimized to Lower Data Center TCO

Seagate® Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, and Phison Electronics Corp. (TPEX: 8299), a global leader in NAND flash controller and storage solutions, announced today plans to expand their SSD portfolio of next-gen high-performance, h…

Seagate Wins Manufacturing Leadership Award from a Jury of Its Peers

Seagate Technology likes to keep its factories smart.
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Seagate Blogs

Seagate Unveils World’s First Native NVMe HDD Demo at OCP

Seagate has demonstrated the industry’s first native NVMe hard disk drive (HDD) at the OCP Global Summit this week, illustrating and confirming the viability of the NVMe (Non-Volatile Memory Express) protocol on HDDs.  The implementation provides integrated NVMe protocol support within the HDD contr…

Container-Friendly Seagate Storage

Kubernetes has been conquering the IT industry for over seven years now. It has evolved dramatically with over 20 versions released during this time. Long gone are the days when it was intended for stateless applications. Storage has become a well-established component in the Kubernetes ecosystem. …

Future-Proof Video Analytics Storage: Seagate Presents Its Solutions at The Security Event

After more than a year of digital events and presentations, we were counting down the days to meet the people who use our security solutions. In truth, The Security Event in Birmingham, UK, felt a bit like coming home. Created for the commercial and residential security market with the support of ke…

DC BLOX Delivers Edge IT Infrastructure to Underserved Markets, Aided by Seagate Systems

Atlanta-based DC BLOX is delivering much-needed IT infrastructure and bandwidth to growing, but largely underserved, “edge” markets in the Southeast United States. By providing state-of-the-art cloud storage powered by Seagate Data Storage Systems, internet access, and colocation services to custome…

Innovation from Edge to Cloud: Seagate Highlights its Portfolio at ISC West 2021

Until even a few months before ISC West kicked off at the Sands Expo and Convention Center in Las Vegas, we were still uncertain whether vaccine rollout would reach safe levels, trade events would be approved, and the city itself would open in time. As with everything else this year, the industry to…

NVMe Specification 2.0 with Rotational Media Support Paves the Way for Composability

NVM Express, Inc. last week announced the release of the NVM Express® (NVMe®) 2.0 family of specifications which allows for faster and simpler development of NVMe solutions to support the increasingly diverse NVMe device environment, now including Hard Disk Drives (HDDs). NVMe 2.0 refactors the orig…
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Seagate Frequently Asked Questions

  • When was Seagate founded?

    Seagate was founded in 1979.

  • Who are Seagate key executives?

    Seagate's key executives are Dave Mosley, Gianluca Romano and Ravi Naik.

  • How many employees does Seagate have?

    Seagate has 40,000 employees.

  • What is Seagate revenue?

    Latest Seagate annual revenue is $10.7 b.

  • What is Seagate revenue per employee?

    Latest Seagate revenue per employee is $267 k.

  • Who are Seagate competitors?

    Competitors of Seagate include Micron Technology, Western Digital and SK hynix.

  • Where is Seagate headquarters?

    Seagate headquarters is located at 38/39 Fitzwilliam Pl, Dublin.

  • Where are Seagate offices?

    Seagate has offices in Dublin, Cupertino, Fremont, Longmont and in 11 other locations.

  • How many offices does Seagate have?

    Seagate has 16 offices.