Founded in 1979, Seagate is a world leader in hard disk drives and storage solutions.

From the videos, music and documents we share with friends and family on social networks, to servers that form the backbone of enterprise data centers and cloud-based computing, to desktop and notebook computers that fuel our personal productivity, Seagate products help more people store, share and protect their valuable digital content.

Seagate offers the industry’s broadest portfolio of hard disk drives, solid-state drives and solid-state hybrid drives. In addition, the company offers an extensive line of retail storage products for consumers and small businesses, along with data-recovery services for any brand of hard drive and digital media type.


Company Growth (employees)
Type
Public
HQ
Cupertino, US
Founded
1979
Size (employees)
45,500 (est)
Seagate was founded in 1979 and is headquartered in Cupertino, US

Key People at Seagate

Steve Luczo

Steve Luczo

Chairman & CEO
Patrick O’Malley

Patrick O’Malley

EVP & CFO
Phil Brace

Phil Brace

President, Cloud Systems and Electronics Solutions
B. S. Teh

B. S. Teh

SVP of Global Sales and Sales Operations
Dave Mosley

Dave Mosley

President, Operations and Technology
Albert “Rocky” Pimentel

Albert “Rocky” Pimentel

President, Global Markets and Customers
Ken Massaroni

Ken Massaroni

EVP, General Counsel and Chief Administrative Officer
Mark Re

Mark Re

SVP & CTO
Joy Nyberg

Joy Nyberg

SVP, HR, Internal Communications and Community Engagement
Kurt Richarz

Kurt Richarz

EVP, Global Sales and Sales Operations

Seagate Office Locations

Seagate has offices in Cupertino and Shakopee
Cupertino, US (HQ)
10200 S. De Anza Blvd
Shakopee, US
1200 Disc Drive

Seagate Data and Metrics

Seagate Financial Metrics

Seagate's revenue was reported to be $2.7 b in Q3, 2017
USD

Revenue (Q3, 2017)

2.7 b

Gross profit (Q3, 2017)

816 m

Gross profit margin (Q3, 2017), %

31%

Net income (Q3, 2017)

194 m

EBIT (Q3, 2017)

266 m

Market capitalization (17-Aug-2017)

9.4 b

Cash (31-Mar-2017)

3 b
Seagate's current market capitalization is $9.4 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

13.7 b13.7 b11.2 b

Revenue growth, %

0%(19%)

Cost of goods sold

9.9 b9.9 b8.5 b

Gross profit

3.8 b3.8 b2.6 b

Gross profit Margin, %

28%28%23%

R&D expense

1.2 b1.4 b1.2 b

Operating expense total

11.9 b11.7 b10.7 b

EBIT

1.8 b2.1 b445 m

EBIT margin, %

13%15%4%

Interest expense

214 m241 m214 m(195 m)(207 m)(193 m)

Interest income

8 m6 m3 m

Pre tax profit

1.6 b2 b274 m

Income tax expense

68 m20 m(7 m)(14 m)228 m26 m

Net Income

1.6 b1.7 b248 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

3.8 b3.7 b3.3 b2.9 b2.6 b2.8 b2.9 b2.7 b

Cost of goods sold

2.7 b2.7 b2.4 b2.2 b2.1 b2 b2 b1.9 b

Gross profit

1.1 b1 b955 m689 m524 m801 m891 m816 m

Gross profit Margin, %

28%28%29%24%20%29%31%31%

R&D expense

342 m341 m346 m328 m298 m315 m305 m324 m

Operating expense total

342 m341 m346 m328 m298 m315 m305 m324 m

EBIT

456 m1.1 b343 m86 m27 m221 m370 m266 m

EBIT margin, %

12%28%10%3%1%8%13%10%

Interest expense

(54 m)(50 m)(48 m)(47 m)(47 m)(50 m)(50 m)(60 m)

Interest income

1 m1 m1 m1 m1 m1 m1 m5 m

Pre tax profit

392 m1.1 b304 m31 m9 m173 m310 m212 m

Income tax expense

11 m193 m(13 m)3 m30 m6 m13 m18 m

Net Income

381 m933 m291 m(21 m)167 m297 m194 m
USDFY, 2014FY, 2015FY, 2016

Cash

2.6 b2.5 b1.1 b

Accounts Receivable

1.7 b1.7 b1.3 b

Inventories

985 m993 m868 m

Current Assets

5.8 b5.6 b3.5 b

Goodwill

537 m874 m1.2 b

Total Assets

9.5 b9.8 b8.3 b

Accounts Payable

1.5 b1.5 b1.5 b

Current Liabilities

2.4 b2.3 b2.2 b

Total Liabilities

6.7 b

Additional Paid-in Capital

5.5 b5.7 b5.9 b

Retained Earnings

(2.7 b)(2.7 b)(4.3 b)

Total Equity

2.8 b3 b1.6 b

Financial Leverage

3.4 x3.3 x5.2 x
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

2.2 b3.3 b2.6 b1.9 b1.2 b1.5 b1.7 b3 b

Accounts Receivable

1.9 b1.8 b1.8 b1.5 b1.3 b1.3 b1.2 b1.2 b

Inventories

1.1 b1.1 b1.1 b1.1 b928 m914 m1 b1 b

Current Assets

5.6 b6.6 b5.8 b4.9 b3.6 b3.9 b4.1 b5.5 b

Goodwill

873 m872 m871 m874 m1.2 b1.2 b1.2 b1.2 b

Total Assets

9.8 b10.8 b10 b9.1 b8.4 b8.5 b8.6 b9.7 b

Accounts Payable

1.7 b1.7 b1.7 b1.9 b1.5 b1.6 b1.6 b1.6 b

Current Liabilities

2.6 b2.8 b3 b2.7 b2.3 b2.6 b2.7 b2.8 b

Retained Earnings

(2.6 b)(1.9 b)(2.5 b)(3.9 b)(4.2 b)(4.5 b)(4.5 b)(4.5 b)

Total Equity

2.9 b3.7 b3.2 b1.9 b1.7 b1.5 b1.5 b1.6 b

Financial Leverage

3.3 x2.9 x3.1 x4.7 x5 x5.6 x5.6 x6.1 x
USDFY, 2014FY, 2015FY, 2016

Net Income

1.6 b1.7 b248 m

Depreciation and Amortization

879 m841 m815 m

Accounts Receivable

4 m(2 m)464 m

Inventories

(20 m)29 m145 m

Accounts Payable

(190 m)(58 m)(24 m)

Cash From Operating Activities

926 m(155 m)(1.4 b)

Cash From Investing Activities

(322 m)(1.3 b)(1.2 b)

Long-term Borrowings

(725 m)

Cash From Financing Activities

(1.3 b)(1.5 b)(1.8 b)

Interest Paid

198 m216 m200 m

Income Taxes Paid

50 m285 m40 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

381 m933 m291 m(21 m)167 m297 m194 m

Depreciation and Amortization

31 m32 m33 m34 m29 m28 m28 m28 m

Accounts Receivable

1.9 b1.8 b1.8 b1.5 b1.3 b1.3 b1.2 b1.2 b

Inventories

1.1 b1.1 b1.1 b1.1 b928 m914 m1 b1 b

Accounts Payable

1.7 b1.7 b1.7 b1.9 b1.5 b1.6 b1.6 b1.6 b
USDY, 2017

Revenue/Employee

58.8 k

Financial Leverage

6.1 x

Seagate Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (US)

4.96 k5.19 k5 k

Patents (foreign)

1.2 k1.21 k1.3 k

Patents Pending

2.35 k2.65 k2.7 k

Seagate Market Value History

Traffic Overview of Seagate

Seagate Online and Social Media Presence

Seagate News and Updates

Seagate launches a 512GB SSD drive for Xbox One

Seagate is launching a new 512-gigabyte SDD drive for the Xbox One game console. The company’s emphasis will be on fast booting and loading. Big hard drives and extra storage are a must for most hardcore players, as the average game takes up about 35 gigabytes of data. At that size, it doesn’t take …

Seagate has a 60TB solid state drive now

 It is, sadly, just for businesses, so slow your roll before you start daydreaming about what you’ll load onto yours. The company showed off a few new products at the Flash Memory Summit in Santa Clara, but nothing quite as jaw dropping as what the company is calling “the largest SSD ever demonstrat…

Seagate built a 60TB SSD, but you can't have it

Remember when Samsung launched the world's first 15 terabyte SSD? It wasn't that long ago, in March 2016, but it was a crazy amount of solid state storage at the time.  Now, Seagate blew that record out of the water: On Tuesday, at the Flash Memory Summit conference in Santa Clara, the company h…

Seagate’s new 60TB SSD is the largest the world has ever seen

Seagate just showed up Samsung with its latest product: its new 60TB SSD is the largest capacity drive of its kind in the world, and holds four times as much as Samsung’s recent offering. Sadly, it’s not for you. The company is currently demonstrating the device as a solution for data centers that n…
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Seagate Company Life and Culture

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