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Seagate Technology vs Western Digital: revenue, profit, margins and growth compared

Seagate Technology brought in $12.2B of revenue in fiscal 2026, Western Digital $12.9B in fiscal 2026. Revenue changed by +34.1% at Seagate Technology and +35.7% at Western Digital on the year before, so Western Digital grew faster. Seagate Technology kept 26.1% of its revenue as net profit, Western Digital 72.9%. Free cash flow was $3.1B at Seagate Technology and $3.5B at Western Digital.

Side by side, latest fiscal year

STXWDC
Fiscal year endedFY2026 (July 3, 2026)FY2026 (July 3, 2026)
Revenue$12.2B$12.9B
Revenue growth+34.1%+35.7%
Net income$3.2B$9.4B
Net margin26.1%72.9%
Free cash flow$3.1B$3.5B
Free cash flow margin25.5%27.2%
Earnings per share (diluted)$13.90$24.28
Cash$1.7B$1.6B
Debt$3.6B$1.1B
Price to earnings66.018.8
Market value$207.8B$164.7B
Dividend yield0.32%0.11%
Rank by revenue in sector#52 of 530 · Technology#48 of 530 · Technology

Over the years

Revenue
STX FY2019: $10.4BSTX FY2020: $10.5BSTX FY2021: $10.7BSTX FY2022: $11.7BSTX FY2023: $7.4BSTX FY2024: $6.6BSTX FY2025: $9.1BSTX FY2026: $12.2BWDC FY2019: $16.6BWDC FY2020: $16.7BWDC FY2021: $16.9BWDC FY2022: $18.8BWDC FY2023: $6.3BWDC FY2024: $6.3BWDC FY2025: $9.5BWDC FY2026: $12.9BFY19FY20FY21FY22FY23FY24FY25FY26
STX $12.2BWDC $12.9B
Net income
STX FY2019: $2BSTX FY2020: $1BSTX FY2021: $1.3BSTX FY2022: $1.6BSTX FY2023: -$529MSTX FY2024: $335MSTX FY2025: $1.5BSTX FY2026: $3.2BWDC FY2019: -$754MWDC FY2020: -$250MWDC FY2021: $821MWDC FY2022: $1.5BWDC FY2023: -$1.7BWDC FY2024: -$798MWDC FY2025: $1.9BWDC FY2026: $9.4BFY19FY20FY21FY22FY23FY24FY25FY26
STX $3.2BWDC $9.4B
Net margin
STX FY2019: 19.4%STX FY2020: 9.6%STX FY2021: 12.3%STX FY2022: 14.1%STX FY2023: -7.2%STX FY2024: 5.1%STX FY2025: 16.1%STX FY2026: 26.1%WDC FY2019: -4.6%WDC FY2020: -1.5%WDC FY2021: 4.9%WDC FY2022: 8.2%WDC FY2023: -26.9%WDC FY2024: -12.6%WDC FY2025: 19.8%WDC FY2026: 72.9%FY19FY20FY21FY22FY23FY24FY25FY26
STX 26.1%WDC 72.9%
Revenue growth
STX FY2020: +1.1%STX FY2021: +1.6%STX FY2022: +9.2%STX FY2023: -36.7%STX FY2024: -11.3%STX FY2025: +38.9%STX FY2026: +34.1%WDC FY2020: +1.0%WDC FY2021: +1.1%WDC FY2022: +11.1%WDC FY2023: -66.7%WDC FY2024: +1.0%WDC FY2025: +50.7%WDC FY2026: +35.7%FY20FY21FY22FY23FY24FY25FY26
STX +34.1%WDC +35.7%
Free cash flow
STX FY2019: $1.2BSTX FY2020: $1.1BSTX FY2021: $1.1BSTX FY2022: $1.3BSTX FY2023: $626MSTX FY2024: $664MSTX FY2025: $818MSTX FY2026: $3.1BWDC FY2019: $671MWDC FY2020: $177MWDC FY2021: $752MWDC FY2022: $758MWDC FY2023: -$1.2BWDC FY2024: -$781MWDC FY2025: $1.3BWDC FY2026: $3.5BFY19FY20FY21FY22FY23FY24FY25FY26
STX $3.1BWDC $3.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Seagate Technology and Western Digital

Which is bigger by revenue, Seagate Technology or Western Digital?

Western Digital is bigger by revenue: $12.9B in fiscal 2026, against $12.2B for Seagate Technology in fiscal 2026.

Which keeps more of its revenue as profit, Seagate Technology or Western Digital?

Seagate Technology had a net margin of 26.1% in fiscal 2026; Western Digital had 72.9% in fiscal 2026.

Which grew revenue faster, Seagate Technology or Western Digital?

In their latest fiscal years revenue changed by +34.1% at Seagate Technology and +35.7% at Western Digital.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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