Seagate Technology

Seagate Technology

A global leader for over 40 years, Seagate Technology crafts precision-engineered data storage and management solutions. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues10.7b11.7b7.4b6.6b9.2b10.4b10.4b
% growth2 %9 %(37 %)(11 %)40 %13 %1 %
EBITDA2.0b2.4b542m623m2.2b2.7b2.6b
% EBITDA margin18 %20 %7 %10 %24 %26 %25 %
Profit1.3b1.6b(529m)335m1.2b1.6b1.9b
% profit margin12 %14 %(7 %)5 %14 %16 %18 %
EV / revenue2.2x1.8x2.4x4.0x2.7x2.3x2.2x
EV / EBITDA12.0x8.7x32.1x41.7x11.0x8.8x9.1x
R&D budget903m941m797m654m---
R&D % of revenue8 %8 %11 %10 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
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IPO
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IPO
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Seed

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Post IPO Equity
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$1.0b

Post IPO Debt
Total Funding-

Recent News about Seagate Technology

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More about Seagate Technologyinfo icon
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Seagate Technology is a global leader in data storage solutions, providing innovative products and services that help businesses and consumers store and manage their data efficiently. The company offers a comprehensive range of storage devices, including hard drives, solid-state drives, and external drives, catering to various needs from personal use to enterprise-level applications. Seagate's cloud storage services, such as Lyve Cloud, offer cost-effective and scalable solutions designed for multicloud environments, making it easier for organizations to manage large volumes of data.

Seagate operates in the data storage and management market, serving a diverse clientele that includes individual consumers, small and medium-sized businesses, and large enterprises. The company's business model revolves around the sale of storage hardware and subscription-based cloud services. Revenue is generated through the direct sale of storage devices and recurring income from cloud storage subscriptions.

Seagate's market leadership is underscored by its extensive history, having shipped over 3 zettabytes of data storage solutions in its 40-year history. The company's products are engineered for scalability, reliability, and efficiency, making them a preferred choice for data-intensive applications such as gaming, media and entertainment, and enterprise data management.

Keywords: data storage, cloud services, hard drives, solid-state drives, enterprise solutions, multicloud, scalability, reliability, data management, gaming drives.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Seagate Technology

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Dot Hill Systems
ACQUISITION by Seagate Technology Aug 2015
Xyratex
ACQUISITION by Seagate Technology Dec 2013
Virident Systems
ACQUISITION by Western Digital Sep 2013
Serenex
ACQUISITION by Pfizer Mar 2008