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Seagate Technology Holdings vs NetApp: STX and NTAP compared
Seagate Technology Holdings is the larger company: $4.2B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27). Seagate Technology Holdings is growing faster (+61% against +30% a year earlier). Seagate Technology Holdings is more profitable, with an operating margin of 48.8% against 26.6%.
Where the money goes: STX and NTAP
Seagate Technology Holdings (STX) · Q1 FY27
Seagate Technology Holdings, Q1 FY27: revenue $4.2B (+61% year over year), operating margin 48.8%, net earnings $1.8B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
NetApp (NTAP) · Q1 FY27
NetApp, Q1 FY27: revenue $1.8B (+30% year over year), operating margin 26.6%, net earnings $375M, operating cash flow $503M. The chart follows the revenue to costs, profit and cash.
| Seagate Technology Holdings (STX) | NetApp (NTAP) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $4.2B | $1.8B |
| Revenue growth, Y/Y | +61% | +30% |
| Gross margin | — | 78.0% |
| Operating margin | 48.8% | 26.6% |
| Net earnings | $1.8B | $375M |
| Net margin | 41.6% | 20.6% |
| Operating cash flow | $1.7B | $503M |
| Free cash flow | $1.5B | $401M |
| Market value | $108.2B | $34.5B |
| P/E | 24.5× | 24.3× |
| Analysts’ mean target | $1044.83 | $211.69 |
Where the revenue comes from
NetApp
- All-Flash Revenues: $1.3B (72%)
- Hybrid-Flash and Other Revenues: $510M (28%)
Questions
Which is bigger, Seagate Technology Holdings or NetApp?
Seagate Technology Holdings is the larger company: $4.2B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27).
Is Seagate Technology Holdings or NetApp growing faster?
Seagate Technology Holdings is growing faster (+61% against +30% a year earlier).
Which is more profitable, Seagate Technology Holdings or NetApp?
Seagate Technology Holdings is more profitable, with an operating margin of 48.8% against 26.6%.
More: Seagate Technology Holdings earnings · how Seagate Technology Holdings makes money · NetApp earnings · how NetApp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.