Seagate Technology Holdings PLC
STX Technology Computer Hardware
Seagate Technology Holdings PLC’s revenue for fiscal 2026 (year ended June 2026) was $12.2 billion, up 34.1% from fiscal 2025. In the quarter to June 2026, revenue grew 48.5%, EPS grew 150.0%, free cash flow grew 163.1% and total debt fell 28.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.
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Seagate Technology Holdings PLC (STX) Altman Z-score
Seagate Technology Holdings PLC's Altman Z-score for fiscal 2026 is 18.25, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 18.25 | 15.44 |
| FY2025 | 2.81 | 1.95 |
| FY2024 | 0.86 | 0.71 |
| FY2023 | 0.15 | (1.89) |
| FY2022 | 2.04 | (0.44) |
| FY2021 | 2.49 | 0.35 |
| FY2020 | 2.14 | (0.37) |
| FY2019 | 2.51 | 0.04 |
| FY2018 | 2.47 | 0.47 |
| FY2017 | 2.00 | 0.35 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.21 | — | 0.25 | |
| Retained earnings / total assets | (0.59) | — | −0.83 | |
| EBIT / total assets | 0.41 | — | 1.35 | |
| Market value of equity / total liabilities | 27.08 | — | 16.25 | |
| Sales / total assets | 1.22 | — | 1.22 | |
| Altman Z-score | Safe zone | 18.25 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.50 | ||
Z and Z″ put Seagate Technology Holdings PLC in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SNDK Sandisk Corporation compare | 33.3× |
| WDC Western Digital Corporation compare | 29.6× |
| STX Seagate Technology Holdings PLC | 18.2× |
| ANET Arista Networks, Inc. compare | 16.4× |
| P Everpure, Inc. compare | 5.1× |
| SMCI Super Micro Computer, Inc. compare | 3.4× |
| IONQ IonQ, Inc. compare | 2.6× |
| DELL Dell Technologies Inc. compare | 1.8× |
| HPQ HP Inc. compare | 1.7× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
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