Company / R&D Expense
Seagate Technology R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$724.0M
FY2024
5-year range
$724.0M / $973.0M
FY2020-FY2024
Trend
-9.2%
vs FY2023
Sector context
#53 of 263
Information Technology
What the data says
Seagate Technology's r&d expense of $724M is higher than 80% of companies in the Information Technology sector (FY2024). Declined from $941M to $724M over the past 2 years.
Based on SEC 10-K filings.
$724M in FY2024 with a 5-year CAGR of -6.1%. Top quartile in the Information Technology sector.
Declined from $941M to $724M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -7.1%
- 5-Year CAGR
- -6.1%
- 10-Year CAGR
- -
Sector benchmark
Top 20% in Information TechnologyTop 20% of 263This company $724.0M Sector average $926.7M
▼
-21.9% below sector average
Key checks
Key Insights
- 5-year CAGR of -6.1%, indicating a declining trend.
- In FY2024, r&d expense decreased 9.2% year-over-year.
- Ranks #53 out of 263 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2015.
Company context
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $724.0M | -9.2% |
| FY2023 | $797.0M | -15.3% |
| FY2022 | $941.0M | +4.2% |
| FY2021 | $903.0M | -7.2% |
| FY2020 | $973.0M | -1.8% |
| FY2019 | $991.0M | +0.0% |
| FY2018 | $991.0M | -3.4% |
| FY2017 | $1.0B | -17.1% |
| FY2016 | $1.2B | -8.6% |
| FY2015 | $1.4B | +10.4% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026