Seagate Technology Holdings plc
For the period ended Oct 2, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 2, 2026 · Filed Oct 29, 2026
STX$501.62-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets - October , 202 (Unaudited) and July
CONDENSED CONSOLIDATED BALANCE SHEETS
| October 2, 2026 | July 3, 2026 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,258 | $1,704 |
| Accounts receivable, net | 1,817 | 1,534 |
| Inventories, net | 1,700 | 1,571 |
| Other current assets | 621 | 412 |
| Total current assets | 5,396 | 5,221 |
| Property, equipment and leasehold improvements, net | 2,165 | 2,034 |
| Goodwill | 1,221 | 1,221 |
| Deferred income taxes | 1,161 | 1,105 |
| Other assets, net | 383 | 391 |
| Total Assets | $10,326 | $9,972 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,873 | $1,748 |
| Accrued employee compensation | 227 | 377 |
| Accrued warranty | 80 | 73 |
| Current portion of long-term debt | — | 185 |
| Accrued expenses | 788 | 744 |
| Total current liabilities | 2,968 | 3,127 |
| Long-term accrued warranty | 138 | 125 |
| Other non-current liabilities | 1,416 | 1,173 |
| Long-term debt, less current portion | 2,351 | 3,380 |
| Total Liabilities | 6,873 | 7,805 |
| Commitments and contingencies (See Notes 9, 11 and 12) | ||
| Shareholders’ Equity: | ||
| Ordinary shares and additional paid-in capital | 8,194 | 8,078 |
| Accumulated other comprehensive loss | (4) | — |
| Accumulated deficit | (4,737) | (5,911) |
| Total Shareholders’ Equity | 3,453 | 2,167 |
| Total Liabilities and Shareholders’ Equity | $10,326 | $9,972 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(In millions, except per share data)
| For the Three Months Ended | ||
|---|---|---|
| October 2, 2026 | October 3, 2025 | |
| Revenue | $4,233 | $2,629 |
| Cost of revenue | 1,806 | 1,592 |
| Product development | 200 | 186 |
| Marketing and administrative | 159 | 144 |
| Restructuring and other, net | 4 | 13 |
| Total operating expenses | 2,169 | 1,935 |
| Income from operations | 2,064 | 694 |
| Interest income | 7 | 7 |
| Interest expense | (41) | (80) |
| Net loss from debt transactions | (44) | (6) |
| Other, net | (4) | (1) |
| Other expense, net | (82) | (80) |
| Income before income taxes | 1,982 | 614 |
| Provision for income taxes | 221 | 65 |
| Net income | $1,761 | $549 |
| Comprehensive income (loss), net of tax: | ||
| Effects of derivative instruments | (4) | — |
| Other comprehensive loss, net of tax | (4) | — |
| Comprehensive income | $1,757 | $549 |
| Net income per share: | ||
| Basic | $7.72 | $2.58 |
| Diluted | $7.59 | $2.43 |
| Number of shares used in per share calculations: | ||
| Basic | 228 | 213 |
| Diluted | 232 | 226 |
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