OverviewSuggest Edit

Seagate Technology is a provider of data storage technology and solutions. Its principal products are hard disk drives (HDDs). In addition to HDDs, the company produces a range of data storage products including solid-state drives, solid-state hybrid drives, and storage subsystems. Its HDD products are designed for mass capacity storage and legacy markets.

TypePublic
Founded1979
HQDublin, IE
Websiteseagate.com
Employee Ratings3.5
Overall CultureD

Latest Updates

Employees (est.) (Jul 2020)42,000(+4%)
Job Openings158
Revenue (FY, 2020)$10.5 B(+2%)
Share Price (Nov 2020)$54.6
Cybersecurity ratingDMore

Key People/Management at Seagate

Dave Mosley

Dave Mosley

CEO, Director
Gianluca Romano

Gianluca Romano

Executive Vice President and Chief Financial Officer
Jeffrey D Nygaard

Jeffrey D Nygaard

Executive Vice President and Head of Operations, Products and Technology
Patricia Frost

Patricia Frost

Senior Vice President of Human Resources, Internal Communications and Community Engagement
Joan Motsinger

Joan Motsinger

Senior Vice President of Business Excellence
Ravi Naik

Ravi Naik

Chief Information Officer
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Seagate Office Locations

Seagate has offices in Dublin, Fremont, Minneapolis, Voorhees Township and in 6 other locations
Dublin, IE (HQ)
38/39 Fitzwilliam Pl
München, DE
Messerschmittstraße 4
Bayan Lepas, MY
1-10-3, Lintang Mayang Pasir 1, Bandar Bayan Baru
Schiphol-Rijk, NL
Tupolevlaan 105
Singapore, SG
16 Woodlands Loop
Samut Prakan, TH
1627 Moo 7, Thepharak Rd., Teparak Subdistrict, Mueang Samut Prakan District
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Seagate Financials and Metrics

Seagate Revenue

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Seagate's revenue was reported to be $10.51 b in FY, 2020
USD

Revenue (Q1, 2021)

2.3b

Gross profit (Q1, 2021)

596.0m

Gross profit margin (Q1, 2021), %

25.8%

Net income (Q1, 2021)

223.0m

EBIT (Q1, 2021)

251.0m

Market capitalization (12-Nov-2020)

15.3b

Closing stock price (12-Nov-2020)

54.6

Cash (2-Oct-2020)

1.7b

EV

17.8b
Seagate's current market capitalization is $15.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.8b11.2b10.4b10.5b

Revenue growth, %

(3%)4%(7%)

Cost of goods sold

7.6b7.8b7.5b7.7b

Gross profit

3.2b3.4b2.9b2.8b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.8b2.9b2.7b2.6b2.9b2.8b3.0b2.7b2.3b2.6b2.7b2.7b2.3b

Cost of goods sold

2.0b2.0b1.9b1.9b2.0b2.0b2.1b1.9b1.7b1.9b1.9b2.0b1.7b

Gross profit

801.0m891.0m816.0m736.0m877.0m847.0m913.0m794.0m601.0m671.0m758.0m746.0m596.0m

Gross profit Margin, %

29%31%31%28%30%30%31%29%26%26%28%27%26%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.5b1.9b2.2b1.7b

Accounts Receivable

1.2b1.2b989.0m1.1b

Inventories

982.0m1.1b970.0m1.1b

Current Assets

5.0b4.3b4.4b4.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.5b1.7b3.0b2.3b2.6b2.9b1.9b1.4b1.4b1.8b1.7b1.6b1.7b

Accounts Receivable

1.3b1.2b1.2b1.2b1.1b1.1b1.2b1.1b897.0m1.1b1.1b1.2b866.0m

Prepaid Expenses

148.0m

Inventories

914.0m1.0b1.0b1.0b1.0b1.0b1.1b1.1b1.0b1.0b1.1b1.1b1.3b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

772.0m1.2b2.0b1.0b

Depreciation and Amortization

749.0m598.0m541.0m379.0m

Inventories

(114.0m)(71.0m)80.0m(166.0m)

Accounts Payable

121.0m65.0m(268.0m)394.0m
USDQ1, 2017

Revenue/Employee

61.5k

Debt/Equity

2.7 x

Debt/Assets

0.5 x

Financial Leverage

5.6 x
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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

202 228 56 61 56 233 67 68 65 263 70 88 87 338 99 87 77 347 98

Patents (Foreign)

1.20 k1.21 k1.30 k1.30 k1.40 k1.30 k

Patents (US)

4.96 k5.19 k5 k5.60 k6 k6 k

Patents Pending

2.35 k2.65 k2.70 k2 k1.60 k1.40 k
Show all operating metrics

Seagate Acquisitions / Subsidiaries

Company NameDateDeal Size
Lyve Minds IncOctober 20, 2015
Dot Hill SystemsAugust 18, 2015$694 m
EVault IncJuly 16, 2014$185 m
SandForceMay 29, 2014$450 m
Xyratex LtdDecember 23, 2013
LaCieMay 23, 2012
Samsung - Hard Disk Drive BusinessDecember 19, 2011$1.40 b
MetaLINCSDecember 06, 2007
MaxtorMay 24, 2006
Cloverleaf Communications
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Seagate Revenue Breakdown

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Seagate revenue breakdown by geographic segment: 31.9% from United States, 48.9% from Singapore, 15.7% from The Netherlands and 3.5% from Other

Seagate Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

SecurityScorecard logo

Seagate Online and Social Media Presence

Embed Graph

Seagate Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    D

    61/100

  • Compensation

    B

    71/100

  • Diversity

    D

    53/100

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Seagate News and Updates

Xbox Series X Seagate Expansion Card teardown

The Xbox Series X Seagate Expansion Card adds 1TB of storage for $220. But what's inside it to justify that price, come find out.

Seagate Technology’s Cash Flow Increases The Safety Of Its Dividend Yield

Get the details on one of the stocks featured in the Safest Dividend Yields Model Portfolio.

Seagate Technology offer senior notes due 2031

Seagate Technology plc said Wednesday its Seagate HDD Cayman subsidiary is planning to offer senior notes due 2031 in a private placement. Proceeds of the deal will be used to finance the cash portion of concurrent tender offers for its 4.750% notes due 2023 and 4.250% notes due 2022. Any remaining …

Seagate Technology Shares Cross 5% Yield Mark

In trading on Tuesday, shares of Seagate Technology were yielding above the 5% mark based on its quarterly dividend (annualized to $2.6), with the stock changing hands as low as $51.17 on the day.

Seagate to cut 500 jobs across 12 countries, consolidate Minnesota facilities into one location

Seagate Technology Plc said Tuesday it is planning to cut 500 jobs across 12 countries, as part of a cost-cutting plan. The company will also consolidate its Minnesota facilities into one location and take other measures to align resources with growth opportunities. The data storage company is expe…

Seagate Stock Up 1.5x, But Revenue Down 7%- What’s Happening?!

Seagate stock gained a large 84% in 3 years, with the stock price rising from $32 at the end of 2016 to about $59 at the end of 2019. Despite dropping to $49 so far in 2020 due to the COVID-19 pandemic, the stock has still registered a cumulative return of 53% between 2016 and May 2020...
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Seagate Blogs

Supercomputing Gets More Personal: Modular, Flexible, Agile

Supercomputing Gets More Personal: Modular, Flexible, Agile The Reasons High-Performance Computing (HPC) is for Digital Transformation Guest blog by Earl Dodd, Global Technical Solutions Architect for HPC and Supercomputing, World Wide Technology I've been around long enough to remember when high-pe…

Energy Assisted Magnetic Recording Will Solve the Need for Capacity

New areal density gains as Energy Assisted Magnetic Recording advances to market Seagate engineers presented three talks covering aspects of Heat Assisted Magnetic Recording (HAMR) at this summer’s TMRC 2020 — The Magnetic Recording Conference, held virtually in August. A long-standing topic of grea…

Seagate Launches CORTX Software, Open Source Community, and Lyve Drive Rack Powered by CORTX

Seagate today unveiled new enterprise solutions designed to help businesses easily access and store more of their valuable data. At its Datasphere virtual conference, Seagate introduced a revolutionary open-source object-storage software, along with a reference architecture powered by it and a corre…

Seagate Teams with AutoX to Build a Private Cloud for Autonomous Cars

Seagate is teaming with autonomous driving technology company AutoX to build a private cloud for quickly processing massive amounts of data from road tests of its driverless cars. Driverless cars use an array of advanced sensors and onboard artificial intelligence systems to make quick decisions in …

Why Every Business Should Rethink Data

Don't (Merely) Hoard Data — Put It to Work Business leaders and data managers are in a race to keep up with today’s unprecedented data growth and data sprawl. To find and leverage the value in the continuous data torrent flowing across networks between data centers, multicloud platforms, and the edg…

How Data Is Quantifying the Impact of Plastic on the Environment

There is no denying that plastic is an ingenious material. Composed of long chains of synthetic polymers, plastic is strong, light, and highly flexible. It can be manipulated into a multitude of forms, from drinking straws and bottles to car parts and diapers. Since the 1907 invention of Bakelite, t…
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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 Jeffrey D Nygaard.

  • How many employees does Seagate have?

    Seagate has 42,000 employees.

  • What is Seagate revenue?

    Latest Seagate annual revenue is $10.5 b.

  • What is Seagate revenue per employee?

    Latest Seagate revenue per employee is $250.2 k.

  • Who are Seagate competitors?

    Competitors of Seagate include SanDisk, 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, Fremont, Minneapolis, Voorhees Township and in 6 other locations.

  • How many offices does Seagate have?

    Seagate has 10 offices.