TacticScaleWhat Seagate Technology Does & How It Makes Money (STX)
Updated October 2026 · reflects Seagate Technology's latest reported financials
Data storage maker of hard drives, SSDs and storage systems. Seagate earns revenue by selling storage hardware, including hard drives, SSDs and storage systems, mainly to original equipment manufacturers, distributors and retailers.
How Seagate Technology makes money
Seagate earns revenue by selling storage hardware, including hard drives, SSDs and storage systems, mainly to original equipment manufacturers, distributors and retailers. Its customers include enterprise, hyperscale and cloud buyers.
What Seagate Technology does
Seagate Technology Holdings plc is a data storage company founded in 1978 and based in Singapore. It sells external and internal hard drives and SSDs, enterprise drives, NAS drives, video and analytics drives, data storage systems, and hyperscale and cloud solutions. Its products serve industries including healthcare, media and entertainment, surveillance and security, and telecommunications. Seagate sells mainly through original equipment manufacturers, distributors and retailers, and operates in Singapore, the United States, the Netherlands and other international markets.
Products & services
- Enterprise hard drives and SSDs
- External and internal hard drives
- External and internal SSDs
- NAS hard drives
- Video and analytics hard drives
- Hyperscale and cloud storage solutions
What is Seagate Technology worth?
On an owner-earnings DCF, Seagate Technology's most-likely value is about $242 versus a recent price near $783 (69% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$107) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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