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Western Digital vs Seagate Technology Holdings: WDC and STX compared
Western Digital is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $4.2B for Seagate Technology Holdings (Q1 FY27). Seagate Technology Holdings is growing faster (+61% against +56% a year earlier). Seagate Technology Holdings is more profitable, with an operating margin of 48.8% against 46.7%.
Where the money goes: WDC and STX
Western Digital (WDC) · Q1 FY27
Western Digital, Q1 FY27: revenue $4.4B (+56% year over year), operating margin 46.7%, net earnings $1.8B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
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.
| Western Digital (WDC) | Seagate Technology Holdings (STX) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $4.4B | $4.2B |
| Revenue growth, Y/Y | +56% | +61% |
| Gross margin | 57.8% | — |
| Operating margin | 46.7% | 48.8% |
| Net earnings | $1.8B | $1.8B |
| Net margin | 40.6% | 41.6% |
| Operating cash flow | $1.6B | $1.7B |
| Free cash flow | $1.4B | $1.5B |
| Market value | $102.8B | $108.2B |
| P/E | 10.4× | 24.5× |
| Analysts’ mean target | $613.38 | $1044.83 |
Where the revenue comes from
Western Digital
- Cloud: $3.9B (88%)
- Client: $320M (7%)
- Consumer: $193M (4%)
Questions
Which is bigger, Western Digital or Seagate Technology Holdings?
Western Digital is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $4.2B for Seagate Technology Holdings (Q1 FY27).
Is Western Digital or Seagate Technology Holdings growing faster?
Seagate Technology Holdings is growing faster (+61% against +56% a year earlier).
Which is more profitable, Western Digital or Seagate Technology Holdings?
Seagate Technology Holdings is more profitable, with an operating margin of 48.8% against 46.7%.
More: Western Digital earnings · how Western Digital makes money · Seagate Technology Holdings earnings · how Seagate Technology Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.