What Seagate's FY2026 10-K says: 12 signals
Seagate filed its latest 10-K with the SEC on Aug 4, 2026. It discusses capacity constraint, capex increase and compliance burden.
Public (STX)Computer Hardware Manufacturing10,000+ employeesseagate.comLinkedIn
- Filed
- Aug 4, 2026
- Period
- FY2026
- Fiscal year end
- 07/03
- Filings
- 1
10-K · latest 9
What Seagate's 10-K filings say
- SEC EDGAR
10-K · FY2026
Filed · Fiscal year ends 07/03 · 12 signals
Seagate plans higher capex in FY2027 for HAMR tech ramp, with $465M in current commitments.
The company is increasing capital expenditures to support the volume ramp of its new HAMR (heat-assisted magnetic recording) technology.
$465M
unconditional commitments primarily related to purchases of equipment
HAMRAIML
New Pillar Two global minimum tax rules increased Seagate's effective tax rate to 13.73% from 2.91%.
The implementation of new global tax regulations has created a significant compliance burden, causing the effective tax rate to jump from 2.91% to 13.73%.
13.73%
effective tax rate for fiscal year 2026 under new Pillar Two rules
Commits to $2.1B in purchase obligations to secure supply of critical components
Seagate is managing supply chain risk by locking in $2.1 billion in unconditional purchase obligations, with $1.6 billion due within a year.
$2.1B
unconditional purchase obligations for inventory components
Western Digital CorporationToshiba Electronics Devices & Storage Corporation
Seagate recorded a $105 million charge for a litigation settlement in FY2026.
The company incurred a significant financial impact from a litigation matter, highlighting potential needs for enhanced legal operations, e-discovery, or risk management solutions to mitigate future legal exposure.
$105M
charge related to a litigation matter
Data Center revenue grows to 80% of total, driven by AI and cloud demand.
Seagate's revenue from the Data Center market increased from 75% to 80% of its total business in FY2026.
80%
Data Center revenue as a percentage of total revenue in FY2026
AIcloud
Seagate's technology roadmap is centered on its Mozaic platform with HAMR technology.
Seagate's core competitive strategy relies on its Mozaic platform, which integrates Heat-Assisted Magnetic Recording (HAMR) to increase storage density and capacity.
Mozaic platformHAMRphotonics
The company's manufacturing depends on components and raw materials, including rare earth elements, from a limited supplier base, exposing them to supply constraints and price volatility.
Western Digital CorporationToshiba Electronics Devices & Storage Corporation
Betting on Mozaic platform and HAMR technology to modernize its core HDD portfolio
Seagate is driving a major technology transition to its Mozaic platform, featuring HAMR (heat-assisted magnetic recording), to achieve higher storage densities.
HAMRMozaicphotonicsWestern Digital Corporation
Seagate recorded $27 million in restructuring charges in FY2026 for employee termination benefits.
The company is undergoing restructuring involving workforce reductions, creating potential needs for HR consulting, outplacement services, and software to manage organizational change and improve operational efficiency.
$27M
restructuring charges for employee termination benefits
Showing 9 of 12 filing signals. The Signal API returns all of them.
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Questions about Seagate 10-K
When did Seagate file its latest 10-K?
What does Seagate's latest 10-K say about capex increase?
Where can I find Seagate's annual report?
Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .