# Seagate: three customers hold 44% of the $1,534m receivable balance

![Seagate: three customers hold 44% of the $1,534m receivable balance](https://aiswingx.com/static/covers/stx-receivables-fy2026_cover.jpg?v=1790371737)

**The concentration-of-credit-risk note in the fiscal 2026 10-K: at year end three customers accounted for 18%, 16% and 10% of accounts receivable. A year earlier the same note listed one customer at 18%**

Seagate Technology Holdings plc (STX) ended fiscal 2026 with accounts receivable of $1,534m. The concentration-of-credit-risk note in the 10-K states that three customers accounted for 18%, 16% and 10% of that balance. Together that is 44%.

- 종목: STX (Seagate Technology Holdings plc)
- 분기: FY2026 · 10-K
- 작성: 2026-09-25 21:29 UTC
- 원문: https://aiswingx.com/p/stx-receivables-fy2026

## 숫자 하나
Accounts receivable of $1,534m at fiscal 2026 year end, of which three customers held 18%, 16% and 10% — 44% in total, about $675m. A year earlier it was one customer at 18%, about $173m. Revenue rose 34.1% while receivables rose 60.0%, and the increase absorbed $575m in the cash flow statement.

## 비유 하나
(구독자 전용)

## 출처 하나
Seagate Technology Holdings plc Form 10-K (fiscal 2026, filed 2026-08-04, accession 0001137789-26-000159): consolidated balance sheets; consolidated statements of operations; consolidated statements of cash flows; Note 1 Concentration of Credit Risk and the Fiscal Year paragraph (53 weeks); the revenue and customer concentration disclosure; the Results of Operations section of MD&A. Annual figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Seagate Technology Holdings plc (STX) makes the hard disk drives that store data. Its fiscal 2026 ended on 3 July 2026, and the 10-K was filed on 4 August 2026.

Two sentences sit next to each other in the Concentration of Credit Risk paragraph of Note 1.

| As of | What the 10-K states |
|---|---|
| 3 July 2026 | three customers accounted for **18%, 16% and 10%** |
| 27 June 2025 | one customer accounted for **18%** |

The balance sheet for the same date shows accounts receivable of **$1,534m**. The three shares add up to **44%**.

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## FAQ

**Q. Why does it matter if the money owed sits with a few customers?**

The 10-K lists the risk but does not convert the percentages into money. The subscriber section carries a table that does.

**Q. What changed against a year earlier?**

The subscriber section puts last year's sentence from the same note beside this year's and compares the two amounts.

**Q. Revenue grew, so shouldn't receivables grow too?**

The gap between the two growth rates, and the change in collection time, are set out in a table in the subscriber section.

**Q. How did this show up in cash?**

The subscriber section compares the amount receivables absorbed in the cash flow statement with cash from operations.

**Q. Where can I check this myself?**

On SEC EDGAR, open Seagate Technology Holdings plc's fiscal 2026 Form 10-K (accession 0001137789-26-000159) and read the Concentration of Credit Risk paragraph in Note 1.