Seagate revenue +34% on 53-week year; settles securities suit for $12.2B net of insurance

Filed August 4, 2026 · Period ending July 3, 2026 · Compared to 10-K Aug 1, 2025 · ~2 min read

Key Changes

• high

  Settled securities class action for $175M total ($105M net of insurance), recording the charge in FY2026. Final court approval hearing scheduled November 2026.

  Notes: Securities Litigation Settlement verify on EDGAR →
• high

  Revenue rose 34.1% YoY ($12.2B → $12.2B), but the compared periods contain different numbers of weeks (52-week vs 53-week fiscal years), per the filing's calendar caveat.

  Key Financials / Fiscal Calendar view on EDGAR →
• high

  Effective tax rate jumped from 2.91% to 13.73% as major jurisdictions implemented Pillar Two global minimum tax starting FY2026, offsetting Singapore and Thailand incentive benefits.

  Notes: Income Tax Provision verify on EDGAR →