Seagate Technology income statement

In fiscal 2026, Seagate Technology reported revenue of $12.20bn, up 34.1% on the year before, operating income of $4.09bn (a 33.6% margin) and net income of $3.18bn, or $13.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Seagate Technology: income statement, annual
Fiscal year	2010Jul 2010	2011Jul 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jul 2015	2016Jul 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jul 2020	2021Jul 2021	2022Jul 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jul 2026	LTMOct 2026
Revenue	11.4	11.0	14.9	14.4	13.7	13.7	11.2	10.8	11.2	10.4	10.5	10.7	11.7	7.4	6.6	9.1	12.2	13.8
Cost of revenue	8.2	8.8	10.3	10.4	9.9	9.9	8.5	7.6	7.8	7.5	7.7	7.8	8.2	6.0	5.0	5.9	6.6	6.9
Gross profit	3.2	2.1	4.7	3.9	3.8	3.8	2.6	3.2	3.4	2.9	2.8	2.9	3.5	1.4	1.5	3.2	5.6	6.9
Research and development	0.9	0.9	1.0	1.1	1.2	1.4	1.2	1.2	1.0	1.0	1.0	0.9	0.9	0.8	0.7	0.7	0.8	0.8
Selling, general and administrative	0.4	0.4	0.5	0.6	0.7	0.9	0.6	0.6	0.6	0.5	0.5	0.5	0.6	0.5	0.5	0.6	0.6	0.6
Operating income	1.7	0.8	3.1	2.1	1.8	2.1	0.4	1.1	1.6	1.5	1.3	1.5	2.0	−0.3	0.5	1.9	4.1	5.5
Interest expense	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.2
Income before tax	1.6	0.6	2.9	1.8	1.6	2.0	0.3	0.8	1.4	1.4	1.0	1.3	1.7	−0.5	0.4	1.5	3.7	5.1
Income tax	−0.0	0.1	0.0	−0.0	−0.0	0.2	0.0	0.0	0.2	−0.6	0.0	0.0	0.0	0.0	0.1	0.0	0.5	0.7
Net income	1.6	0.5	2.9	1.8	1.6	1.7	0.2	0.8	1.2	2.0	1.0	1.3	1.6	−0.5	0.3	1.5	3.2	4.4
Diluted EPS	$3.14	$1.09	$6.49	$4.81	$4.52	$5.26	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	−$2.56	$1.58	$6.77	$13.90	$19.07
Diluted shares (average)	514m	467m	441m	382m	347m	331m	302m	299m	292m	285m	265m	245m	224m	207m	212m	217m	229m	231m
EBITDA	2.5	1.6	3.9	3.0	2.7	2.9	1.3	1.8	2.2	2.0	1.7	1.9	2.4	0.2	0.7	2.1	4.4	5.7

US$ millions unless shown otherwise. Fiscal quarters.

Seagate Technology: income statement, quarterly
Quarter	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Oct 2025	2026 Q2Jan 2026	2026 Q3Apr 2026	2026 Q4Jul 2026	2027 Q1Oct 2026
Revenue	2,325	2,160	2,444	2,629	2,825	3,112	3,629	4,233
Cost of revenue	1,513	1,400	1,530	1,592	1,649	1,665	1,731	1,806
Gross profit	812	760	914	1,037	1,176	1,447	1,898	2,427
Research and development	184	180	179	186	187	194	188	200
Selling, general and administrative	139	139	154	144	143	143	147	159
Operating income	488	431	568	694	843	998	1,559	2,064
Interest expense	84	77	75	80	72	68	64	41
Income before tax	350	355	492	614	707	864	1,505	1,982
Income tax	14	15	4	65	114	116	211	221
Net income	336	340	488	549	593	748	1,294	1,761
Diluted EPS	$1.55	$1.57	$2.25	$2.43	$2.60	$3.27	$5.61	$7.59
EBITDA	551	494	629	766	911	1,064	1,629	2,140

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Seagate Technology's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Seagate Technology.