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 Ratings3.8
Overall CultureD

Latest Updates

Employees (est.) (Jul 2020)42,000(+4%)
Job Openings275
Revenue (FY, 2020)$10.5 B(+2%)
Share Price (May 2021)$101.8(-1%)

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
John Morris

John Morris

Senior Vice President and Chief Technology Officer
Mike Troemel

Mike Troemel

Senior Vice President for Product Development Engineering
Jeffrey D Nygaard

Jeffrey D Nygaard

Executive Vice President, Operations and Technology
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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 (Q3, 2021)

2.7b

Gross profit (Q3, 2021)

740.0m

Gross profit margin (Q3, 2021), %

27.1%

Net income (Q3, 2021)

329.0m

EBIT (Q3, 2021)

386.0m

Market capitalization (18-May-2021)

28.4b

Closing stock price (18-May-2021)

101.8

Cash (2-Apr-2021)

1.2b

EV

32.4b
Seagate's current market capitalization is $28.4 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, 2021Q3, 2021

Revenue

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

Cost of goods sold

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

Gross profit

801.0m891.0m816.0m736.0m877.0m847.0m913.0m794.0m601.0m671.0m758.0m746.0m596.0m740.0m

Gross profit Margin, %

29%31%31%28%30%30%31%29%26%26%28%27%26%27%
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, 2021Q3, 2021

Cash

1.5b1.7b3.0b2.3b2.6b2.9b1.9b1.4b1.4b1.8b1.7b1.6b1.7b1.2b

Accounts Receivable

1.3b1.2b1.2b1.2b1.1b1.1b1.2b1.1b897.0m1.1b1.1b1.2b866.0m978.0m

Prepaid Expenses

148.0m

Inventories

914.0m1.0b1.0b1.0b1.0b1.0b1.1b1.1b1.0b1.0b1.1b1.1b1.3b1.3b
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

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
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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$1.4 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 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Seagate Online and Social Media Presence

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Seagate Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    D

    59/100

  • Compensation

    B

    70/100

  • Diversity

    D

    54/100

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Seagate News and Updates

Seagate Technology Stock A Buy After 8% Drop In A Week?

The stock price of Seagate Technology reached its 52-week high of $106 in May this year before the recent sell-off, leading to an 8% drop in STX stock within a week, to levels of around $82 currently. While the broader markets have seen a recovery over the past two days, Seagate stock dropped...

Thinking about trading options or stock in Draftkings, American Airlines, Netflix, AstraZeneca, or Seagate Technology?

NEW YORK, July 21, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, AAL, NFLX, AZN, and STX. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Seagate Technology stock surges after profit and revenue beats, citing 'rapidly accelerating' data storage demand

Shares of Seagate Technology Holdings PLC charged up 2.6% in premarket trading Wednesday, after the data storage company reported fiscal fourth-quarter profit and revenue that rose to multiyear highs and beat expectations, and provided an upbeat outlook, citing "rapidly accelerating" demand for dat…

Seagate Technology chooses Genetec to secure its global campuses

Genetec™ Security Center and Seagate data storage enable efficient handling of petabytes of high-resolution video, door, and sensor data to provide a scalable solution for large scale facilities Genetec™ Security Center and Seagate data storage enable efficient handling of petabytes of high-resoluti…

Seagate Barracuda Ramp Weakness

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Seagate Search Partnership, SoftIron Task Specific Storage And Weebit Nano 3D RRAM Plans

Seagate and axle ai provide AI-enabled search tools with the Lyve product line. SoftIron describes their task specific software defined storage. Weebit Nano introduces an OTS selector enabling future 3D RRAM memory.
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Seagate Blogs

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…

Cloud-Native: Resilient Edge Cloud Storage Open for Business

Datasets are the raw ingredients of knowledge. The cloud-native revolution is fueled by an unprecedented rate of developing methods and applications to transform data into information and knowledge. Seagate’s internal deployment of smart manufacturing offers just one example. The amount of potential…

Seagate Featured on the 2021 CRN Storage 100 List

CRN®, a brand of The Channel Company, has named Seagate to its second annual Storage 100 list. The Storage 100 list recognizes industry-leading storage vendors that provide transformative products and services across components, systems, software, data management and data protection. It's featured i…

Seagate Has Now Shipped Over 3 Zettabytes of Data Storage

What does 3 zettabytes mean in the real world? Check out the full infographic below! Seagate just became the first data storage company ever to have shipped 3 zettabytes of hard drive storage capacity, surpassing that milestone in March 2021. It had previously taken Seagate 36 years to reach the mil…

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…
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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 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.