STX
Market read
The latest filing evidence is available. 17 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Invalidation: The live read weakens if participation falls to 8 of 24 members or fewer.
Research brief
The latest filing evidence is available. 17 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Other Expense, net Fiscal Years Ended (Dollars in millions) July 3, 2026 June 27, 2025 Change % Change Other expense, net $ 404 $ 377 $ 27 7 % Other expense, net for fiscal year 2026 primarily related to $284 million of interest expense and $151 million of ne…”10-K · Aug 4, 2026 ↗
“Fiscal Years Ended (Dollars in millions) July 3, 2026 June 27, 2025 Change % Change Revenue $ 12,195 $ 9,097 $ 3,098 34 % Revenue in fiscal year 2026 increased approximately 34%, or $3.1 billion, from fiscal year 2025, primarily due to an increase in nearline…”10-K · Aug 4, 2026 ↗
“37 Table of Contents Cost of Revenue and Gross Margin Fiscal Years Ended (Dollars in millions) July 3, 2026 June 27, 2025 Change % Change Cost of revenue $ 6,637 $ 5,897 $ 740 13 % Gross profit 5,558 3,200 2,358 74 % Gross margin 46 % 35 % For fiscal year 202…”10-K · Aug 4, 2026 ↗
“Cash and Cash Equivalents As of (Dollars in millions) April 3, 2026 June 27, 2025 Change Cash and cash equivalents $ 1,146 $ 891 $ 255 Our cash and cash equivalents as of April 3, 2026 increased by $255 million from June 27, 2025 primarily as a result of net…”10-Q · Apr 29, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for STX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-K filed 2026-08-04 against the comparable filing from 2025-08-01.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“fiscal year 2025 was $1.1 billion and includes the effects of net income adjusted for non-cash items including depreciation, amortization, share-based compensation, and the following major working capital related movements: • an increase of $513 million in accounts receivable, primarily due to higher revenue and lower accounts receivable factoring; • a decrease of $242 million in accounts payable, primarily due to timing of payments; and • an increase of $201 million in inventory, primarily due to an increase in purchased materials and finished goods inventory; partially offset by • an increase of $207 million in accrued employee compensation, primarily due to an increase in our variable co...”
“Cash provided by operating activities for fiscal year 2025 was $1.1 billion and includes the effects of net income adjusted for non-cash items including depreciation, amortization, share-based compensation, and the following major working capital related movements: • an increase of $513 million in accounts receivable, primarily due to higher revenue and lower accounts receivable factoring;”
“Fiscal Years Ended (Dollars in millions) July 3, 2026 June 27, 2025 Change % Change Revenue $ 12,195 $ 9,097 $ 3,098 34 % Revenue in fiscal year 2026 increased approximately 34%, or $3.1 billion, from fiscal year 2025, primarily due to an increase in nearline exabytes shipped reflecting higher demand for nearline products and favorable pricing actions undertaken by the Company.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
“Acquisition of Seagate’s System-on-Chip Operations On April 23, 2024, we acquired certain assets related to the design, development, and manufacture of System-on-Chip operations of Seagate Technology Holdings plc for $600 million .”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
STX is currently a Participant in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.