---
title: "Seagate Technology: Business Model"
description: "Seagate Technology revenue by region from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/seagate-technology/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Seagate Technology: Business Model & Revenue Engine

## Direct Answer

Seagate Technology reports revenue across 4 geographic regions in its fiscal 2025 Form 10-K. United States is the largest, with $4.4 billion of revenue (48% of the total), followed by Singapore at $3.8 billion (41%). 48% of revenue came from the United States.

## How Does Seagate Technology Make Money?

No single region supplies a majority of revenue: the largest, United States, is 48%, which spreads Seagate Technology's exposure across several demand drivers. Between fiscal 2024 and 2025, United States grew fastest (+91.1%) and Other countries slowest (-66.7%), so the revenue mix tilts toward United States while that gap lasts.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $4.4 billion | $2.3 billion | 48.5% | 91.1% |
| Singapore | $3.8 billion | $3.4 billion | 41.3% | 9.6% |
| Netherlands | $924 million | $802 million | 10.2% | 15.2% |
| Other countries | $4 million | $12 million | 0.0% | -66.7% |

![Bar chart of Seagate Technology revenue by region for fiscal 2025: United States 48.5%, Singapore 41.3%, Netherlands 10.2%, Other countries 0.0%.](https://www.getswoopr.com/images/charts/seagate-technology-business-model-segment-mix.webp)
*Seagate Technology revenue by region as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Seagate Technology's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Seagate Technology reported in the segment note and revenue disclosures of its Form 10-K filed August 1, 2025 (accession 0001137789-25-000157), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Seagate Technology's main regions?

In its fiscal 2025 Form 10-K, Seagate Technology reports revenue for United States, Singapore, Netherlands and Other countries.

### Which part of Seagate Technology brings in the most revenue?

United States, with $4.4 billion of revenue in fiscal 2025, or 48% of the total.

### How much of Seagate Technology's revenue comes from outside the United States?

52% in fiscal 2025, by the geographic breakdown Seagate Technology reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: Seagate Technology Holdings plc Form 10-K filed August 4, 2026](https://www.sec.gov/Archives/edgar/data/1137789/000113778926000159/stx-20260703.htm)
- [SEC EDGAR: Seagate Technology Holdings plc annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1137789&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Seagate Technology company dossier](https://www.getswoopr.com/stocks/companies/seagate-technology/)
- [Seagate Technology financial metrics](https://www.getswoopr.com/stocks/companies/seagate-technology/metrics/)
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- [Seagate Technology peer comparison](https://www.getswoopr.com/stocks/companies/seagate-technology/competitors/)
- [Seagate Technology business model and revenue mix](https://www.getswoopr.com/stocks/companies/seagate-technology/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).