FY2026 10-K: revenue went from $9,097m to $12,195m while research and development went from $724m to $755m. Cash from operations rose from $1,083m to $3,674m, and total equity crossed from negative to positive
Revenue in the annual report Seagate (STX) filed for fiscal 2026 is $12,195m, up 34.1% from $9,097m. Research and development over the same year went from $724m to $755m — a rise of 4.3%, one eighth the rate of revenue.
Seagate makes the hard drives that store data. Revenue grew 34% last year while what it spent on developing new technology grew about 4%. The gap stayed in the business: cash reaching the bank was 3.4 times the prior year, and the equity that had been negative turned positive.
15 Filing score · Small change
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The filing does not say. This article sets it beside revenue growth and shows the gap. Work on the next generation also runs through capital spending.
Assets less liabilities moved from negative to positive. The amount and what drove it are in the subscriber section.
Cash from operations is 3.4 times the prior year. What is left after capital spending is in the subscriber section.
The 10-K states that one customer accounted for about 14% of consolidated revenue in fiscal 2026. It is not named.
On SEC EDGAR, open Seagate Technology Holdings plc's fiscal 2026 Form 10-K (accession 0001137789-26-000159) and read the statements of operations and cash flows.
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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