Seagate Statistics By Revenue, Net Profit, Stock Market and Facts
Joseph D'Souza
Updated · Mar 17, 2025
TABLE OF CONTENTS
Introduction
Seagate Statistics: Seagate Technology Holdings Private Limited is an American data storage company. It was established in 1978 as “Shugart Technology” and began its operations in Dublin, Ireland. Seagate’s headquarters are located in Fremont, California, US. The company released its first 5.25-inch hard disk drive, the megabyte ST-506.
In 1996, Seagate acquired Conner Peripheral, followed by Maxtor in 2006 and Samsung’s HDD division in 2011. Seagate Technology changed its name to avoid a lawsuit from Shugart Associates, a subsidiary of Xerox.
Originally named “Shugart Technology,” the name conflicted with Shugart Associates’ product line known as SASI. To avoid legal issues, Seagate rebranded itself as Seagate Technology in 1979. This decision helped the company avoid potential trademark disputes with Xerox’s subsidiary.
In this article, we will delve into more details about Seagate’s statistics.
Editor’s Choice
- By November 2023, institutional investors owned 89% of Seagate Technology’s stock. A group of eight investors held a majority stake totalling 52%.
- Hedge funds held the largest shares: Vanguard Group, Inc. held 11%, Sanders Capital, LLC held 7.2%, and BlackRock, Inc. also held 7.2% of the outstanding shares.
- It also plans to ramp up production of 3+ TB/platter class HAMR drives, starting with 32 TB drives, as per Seagate Statistics.
- By Q1 2020, it was $835 million, and it is projected to rise to $761 million in Q2 and $938 million in Q3 2020.
- The most common salary range among Seagate Technology employees is $100,000 to $200,000 per year, with 55% of employees earning within this bracket.
- The most frequent age group among Seagate Technology employees is 20-30, constituting 38% of the workforce. The least common age group is under 18, comprising only 3% of employees.
- The average capacity per drive was 75 terabytes (TB), down 1% from a year ago, and nearline drives averaged 10.3 TB, a 13% annual decrease.
- The most common highest educational attainment among Seagate Technology employees is a bachelor’s degree, with 63% of employees holding at least this level of education.
- Nearline drives contributed $1.02 billion, accounting for 79% of HDD revenue and declining by 36% compared to last year.
- Seagate expects to begin volume shipments of its 24 TB PMR drive in the first half of 2024.
You May Also Like To Read
- Anker Statistics
- Sennheiser Statistics
- Razer Statistics
- Motorola Statistics
- Samsung Statistics
- Garmin Statistics
- Panasonic Statistics
- LG Statistics
- Huawei Statistics
- Oppo Statistics
- iPhone Statistics
Products Of Seagate
Seagate sells different types of internal storage drives for various uses:
- Barracuda: These are affordable and popular SSDs and HDDs for everyday devices like computers, laptops, gaming consoles, and set-top boxes. The Barracuda HDDs have speeds ranging from 5,200 to 7,200 RPM and storage capacities from 500 GB to 8 TB, with speeds up to 190 MB/s. Barracuda SSDs come in SATA or NVMe versions, with storage sizes from 240 GB to 2 TB, and speeds up to 560 MB/s for SATA and 3,400 MB/s for NVMe.
- Firecuda: These are designed for gaming in computers, laptops, and gaming consoles. Firecuda SSDs and HDDs come with SATA, NVMe, or USB-C interfaces and storage capacities from 250 GB to 16 TB.
- Ironwolf: These drives are for NAS (Network Attached Storage) devices. Ironwolf HDDs come in capacities from 1 TB to 20 TB, and SSDs range from 240 GB to 4 TB. SATA speeds are up to 560 MB/s, and NVMe speeds are up to 3,150 MB/s.
- Skyhawk: Designed for surveillance systems like DVRs or NVRs, Skyhawk drives offer capacities from 1 TB to 18 TB and recording speeds up to 260 MB/s.
- Exos: These are enterprise-level drives for data centers. The Exos E series ranges from 300 GB to 8 TB, while the Exos X series goes from 12 TB to 20 TB, with speeds up to 524 MB/s.
Seagate also offers external storage options like Basic, Backup Plus, and Expansion HDDs, as well as Barracuda Fast SSDs and various One Touch and Ultra Touch SSDs and HDDs. They provide storage solutions for gaming consoles such as PlayStation and Xbox, including Game Drive models with capacities of up to 8 TB for Xbox and up to 4 TB for PlayStation. As per Seagate Statistics, Seagate also offers enterprise cloud storage services like Lyve Cloud and develops specialized data storage systems, including compute and storage convergence platforms and different arrays, for enterprise use.
Seagate Revenue Statistics
(Reference: statista.com)
- In the first quarter of fiscal year 2024, Seagate’s worldwide revenue was about USD 1.5 billion, slightly lower than the revenue from the previous quarter.
- For the entire fiscal year 2023, the company earned around USD 7.4 billion, which was over USD 4 billion less than the USD 11.7 billion earned in fiscal year 2022.
(Reference: moneycontrol.com)
- The above chart shows the net profit from March 2022 to December 2022.
| Mar 2022 | $346 million |
| June 2022 | $276 million |
| Sep 2022 | $29 million |
| Dec 2022 | -$33 million |
(Source: businessquant.com)
- Nearline drives contributed $1.02 billion, accounting for 79% of HDD revenue and declining by 36% compared to last year.
- Mass capacity was 79.2 EB, also down 24%, with nearline drives making up 56 EB, down 34% annually.
- For Q2 of 2024, Seagate forecasts revenues of $1.55 billion, plus or minus $150 million, representing an 18% decline compared to the previous year at the midpoint.
- In the recent quarter, Seagate Technology reported revenues of $1.3 billion from HDDs, making up 84% of its total revenue.
(Source: businessquant.com)
Seagate Technology’s recent financial results show:
- Gross margin was 10.2%, down from 23.7% a year ago.
- Operating cash flow was $127 million.
- Free cash flow amounted to $57 million.
- Cash and cash equivalents totaled $795 million, compared to $761 million a year ago.
- Diluted EPS (Earnings Per Share) was -$0.88, down from $0.14 a year ago.
These numbers indicate a decrease in gross margin and diluted EPS compared to last year. However, Seagate generated $127 million in operating cash flow and $57 million in free cash flow. The company’s cash and cash equivalents increased to $795 million.
- Legacy drives (including 2.5-inch, PC, and consumer drives) brought in $278 million, down 29% year-over-year.
- Seagate Statistics states that Seagate shipped 89.6 exabytes (EB) of disk capacity, a 24% decrease from the previous year.
- Looking ahead, Seagate expects to begin volume shipments of its 24 TB PMR drive in the beginning of 2024.
- These drives, featuring high-capacity shingled magnetic recording (SMR) variants, aim to maintain HDDs’ cost advantage over QLC SSDs.
Seagate Stock Market Statistics
(Source: stockanalysis.com)
- Since December 11 December 11, 2002, Seagate Technology’s market capitalization has grown from $4.93 billion to $21.86 billion, marking a 343.38% increase.
- This growth reflects a compound annual growth rate (CAGR) of approximately 7.08% over about 21.5 years, ending on June 28 and June 28, 2024, as per Seagate Statistics.
| Date | Market Cap | % Change |
| May 22, 2024 | 19.88B | 1.14% |
| May 23, 2024 | 19.63B | -1.28% |
| May 24, 2024 | 19.78B | 0.78% |
| May 28, 2024 | 20.34B | 2.81% |
| May 29, 2024 | 19.79B | -2.66% |
| May 30, 2024 | 19.68B | -0.58% |
| May 31, 2024 | 19.58B | -0.50% |
| Jun 3, 2024 | 19.18B | -2.05% |
| Jun 4, 2024 | 19.29B | 0.57% |
| Jun 5, 2024 | 20.28B | 5.17% |
| Jun 6, 2024 | 20.16B | -0.62% |
| Jun 7, 2024 | 20.18B | 0.11% |
| Jun 10, 2024 | 20.90B | 3.55% |
| Jun 11, 2024 | 21.34B | 2.13% |
| Jun 12, 2024 | 21.60B | 1.19% |
| Jun 13, 2024 | 22.00B | 1.86% |
| Jun 14, 2024 | 21.81B | -0.86% |
| Jun 17, 2024 | 22.25B | 2.04% |
| Jun 18, 2024 | 22.26B | 0.01% |
| Jun 20, 2024 | 21.55B | -3.18% |
| Jun 24, 2024 | 21.65B | 0.45% |
| Jun 25, 2024 | 21.70B | 0.24% |
| Jun 26, 2024 | 21.78B | 0.40% |
| Jun 27, 2024 | 21.86B | 1.31% |
Valuation Measures
| Enterprise Value/EBITDA | 58 |
| Enterprise Value/Revenue | 4.27 |
| Price/Book (mrq) | N/A |
| Price/Sales (ttm) | 3.46 |
| PEG Ratio (5 yr expected) | 0.17 |
| Forward P/E | 19.53 |
| Trailing P/E | N/A |
| Enterprise Value | 26.74B |
| Market Cap (intraday) | 21.86B |
Stock Price History
| 200-Day Moving Average | 1.05 |
| 50-Day Moving Average | 68.26% |
| 52 Week Low | 23.20% |
| 52 Week High | 107.91 |
| S&P500 52-Week Change | 57.32 |
| 52-Week Change | 94.35 |
| Beta (5Y Monthly) | 83.75 |
Share Statistics
| Shares Short (prior month May 15 May 15, 2024) | 10.9M |
| Short % of Shares Outstanding (June 14June 14, 2024) | 5.55% |
| Short % of Float (June 14June 14, 2024) | 6.76% |
| Short Ratio (June 14 June 14, 2024) | 4.77 |
| Shares Short (June 14 June 14, 2024) | 11.65M |
| % Held by Institutions | 91.36% |
| % Held by Insiders | 0.52% |
| Float | 208.91M |
| Implied Shares Outstanding | 209.99M |
| Shares Outstanding | 209.99M |
| Avg Vol (10 days) | 2.21M |
| Avg Vol (3 months) | 2.56M |
Dividend & Splits
| Last Split Date | N/A |
| Last Split Factor | N/A |
| Ex-Dividend Date | June 20 June 20, 2024 |
| Dividend Date | July 05 July 05, 2024 |
| Payout Ratio | 98.59% |
| 5-Year Average Dividend Yield | 4.08 |
| Trailing Annual Dividend Yield | 2.69% |
| Trailing Annual Dividend Rate | 2.8 |
| Forward Annual Dividend Yield | 2.69% |
| Forward Annual Dividend Rate | 2.8 |
Seagate Demographics Statistics
- Seagate Technology employs around 40,000 people.
(Reference: zippia.com)
- As per Seagate Statistics, among Seagate Technology employees, 28% are women, and 72% are men.
(Reference: zippia.com)
| White | 53.2% |
| Asian | 19.8% |
| Hispanic or Latino | 14.8% |
| African or Black Americans | 6.5% |
| Unknown | 5.6% |
- The largest group of employees by ethnicity at Seagate Technology is White, making up 53% of the workforce.
- Asian employees account for 20% of the total.
- As per Seagate Statistics, Hispanic or Latino employees make up 15% of the workforce.
- The average salary for Seagate Technology employees is $101,694 per year.
- A majority of Seagate Technology employees align with the Democratic Party.
- On average, employees stay with Seagate Technology for 6.6 years, as per Seagate Statistics.
- Foreign Language spoken by the employee in Seagate:
| Language | Percentage |
| Arabic | 1.4% |
| Dakota | 1.4% |
| Hebrew | 1.4% |
| Tagalog | 1.4% |
| Malay | 1.4% |
| Hmong | 1.4% |
| Dutch | 1.4% |
| Italian | 2.2% |
| Thai | 2.2% |
| Vietnamese | 2.2% |
| Carrier | 2.9% |
| Japanese | 3.6% |
| Cantonese | 3.6% |
| German | 4.3% |
| Hindi | 4.3% |
| Portuguese | 8.0% |
| Mandarin | 9.4% |
| French | 10.1% |
| Chinese | 10.9% |
| Spanish | 26.1% |
Common Seagate Locations
| Rank | City | Job Count | Avg. Salary |
| 1 | Fremont, CA | 6 | $121,037 |
| 2 | Shakopee, MN | 13 | $90,122 |
| 3 | Bloomington, MN | 21 | $90,165 |
| 4 | Longmont | 26 | $98,555 |
- The most common highest educational attainment among Seagate Technology employees is a bachelor’s degree, with 63% of employees holding at least this level of education.
- According to Seagate Statistics, electrical engineering is the most popular major among Seagate Technology employees, chosen by 21% of the workforce.
Schools of Seagate Employees:
| Purdue University | 2.4% |
| Stanford University | 2.4% |
| California State University – San Bernardino | 2.5% |
| University Of California, Berkeley | 2.5% |
| University Of Wisconsin – Stevens Point | 2.5% |
| University Of Iowa | 2.7% |
| Regis University | 2.7% |
| Minnesota State University – Mankato | 2.9% |
| Pennsylvania State University | 3.3% |
| University Of St. Thomas (Texas) | 3.4% |
| Santa Clara University | 4.5% |
| Colorado State University | 5.1% |
| University Of California, Santa Barbara | 5.8% |
| University Of California – Davis | 5.8% |
| University Of Colorado At Boulder | 6.5% |
| University Of Oklahoma | 6.7% |
| Oklahoma State University | 6.7% |
| University Of Central Oklahoma | 7.4% |
| University Of Minnesota – Twin Cities | 10.2% |
| San Jose State University | 14.0% |
- Seagate Technology has mostly male employees, with men making up 72% of the workforce and women 28%. The majority of employees are White, accounting for 53% of the workforce.
(Reference: zippia.com)
- The most frequent age group among Seagate Technology employees is 20-30 years old, constituting 38% of the workforce.
- As per Seagate Statistics, the least common age group is under 18 years old, comprising only 3% of employees.
- A significant portion of Seagate Technology employees, 27%, stay with the company for 1-2 years. In contrast, only 8% of employees remain at Seagate Technology for 8-10 years, which is comparatively rare.
(Reference: zippia.com)
- According to Seagate Statistics, the most common salary range among Seagate Technology employees is $100,000 to $200,000 per year, with 55% of employees earning within this bracket.
- Conversely, the least common salary range is $25,000 to $40,000 per year, with only 4% of employees earning in that range.
(Reference: zippia.com)
| Salary Range | Seagate Technology | Adax |
| >$200k | 46 jobs | 2,134 jobs |
| $100k-200k | 5,510 jobs | 119,181 jobs |
| $60k-100k | 3,192 jobs | 264,072 jobs |
| $40k-60k | 809 jobs | 163,153 jobs |
| $25k-40k | 432 jobs | 326,282 jobs |
| <$25k | One job | 56,614 jobs |
- A leadership certificate is the most frequently held certification by Seagate Technology employees, held by 10% of the workforce.
- Most Seagate Technology employees are aligned with the Democratic Party.
- According to Seagate Statistics, Stephen Luczo made the highest political contribution from a Seagate Technology employee, $489,800, to the Republican Party.
You May Also Like To Read
- Xiaomi Statistics
- Lenovo Statistics
- Asus Statistics
- Toshiba Statistics
- Intel Statistics
- Dell Statistics
- HP (Hewlett-Packard) Statistics
- Philips Statistics
- Apple Statistics
- Google Statistics
- Sony Statistics
- Microsoft Statistics
- Airbnb Statistics
- Google Revenue Statistics
- Amazon Statistics
- Tencent Statistics
Seagate Statistics By Region
- In 2019, Seagate Technology’s revenue totaled $10.39 billion, marking a 7% decrease from the previous year’s $11.18 billion.
- Seagate Statistics stated that more than half of Seagate’s revenue, over 50%, comes from the Asia-Pacific region.
- The Americas contribute 26% of the remaining revenue, while the rest is from the EMEA region.
- Seagate Revenue status:
| Region | Revenue in Q3 2022 | Contribution in Q3 2022 |
| EMEA | 339 | 12.1% |
| Asia Pacific | 1,292 | 46.1% |
| Americans | 1,171 | 41.8% |
- Revenue from the EMEA region fluctuated throughout 2018 and 2019, starting at $472 million in Q1 2018, peaking at $598 million in Q2 2019, and stabilizing around $450-550 million per quarter after that.
- Q1 2020 saw a decline to $465 million, with expected increases to $558 million in Q2 and $523 million in Q3.
- In the Americas, revenue started at $875 million in Q1 2018, peaked at $1.01 billion in Q1 2019, and declined to $731 million in Q2 2019.
- By Q1 2020, it was $835 million, and it is projected to rise to $761 million in Q2 and $938 million in Q3 2020.
- According to Seagate Statistics, revenue in the Asia-Pacific region began at $1.29 billion in Q1 2018 and reached $1.67 billion in Q4 2018.
- However, it declined to $1.16 billion by the end of 2019 and further to $1.28 billion in Q1 2020.
- Projections show an increase to $1.38 billion in Q2 and $1.26 billion in Q3 2020.
- Despite revenue declines in 2019, Seagate expects a recovery in the coming years, driven by technological advancements.
- To remain competitive against companies like Western Digital, Seagate will need to innovate and adapt continuously.
Conclusion
In summary, the Seagate Circularity Program is leading efforts to innovate how electronic storage devices are consumed and disposed of. By prioritizing extending product life, minimizing environmental waste, and driving innovation, Seagate is demonstrating leadership in the industry. Integrity, Innovation, and Inclusion—these three essential values embody the heart of our principles at Seagate. They drive us to pursue excellence daily for our customers, business partners, shareholders, communities, and each other. This article has shed enough light on Seagate Statistics.
Sources
Joseph D'Souza
Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.
