HIGHOutside partySupplier
single or a limited number of suppliers
“10-K Item 1A: 'limited access to components that we obtain from a single or a limited number of suppliers'”
STX · Concentration risk · 10-K extracted
Seagate Technology Holdings (STX) concentration risks
Updated
The most significant concentration Seagate Technology Holdings discloses is single or a limited number of suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Seagate Technology Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
key OEM customers (hyperscale data center companies and CSPs)
“10-K Item 1A: 'Some of our key customers, such as OEM customers including large hyperscale data center companies and CSPs, account for a large portion of our revenue in our mass capacity markets.'”
MEDIUMOutside partyCustomer
distributors and retailers
“10-K Item 1A: 'Sales to distributors and retailers of disk drive products account for a substantial portion of our revenue.'”
MEDIUMBuilt-inGeographic
China and Thailand
“10-K Item 1: 'Disk drive assembly and machine learning operations occur primarily at our facilities located in China and Thailand.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Seagate's disclosed concentration risk is entirely qualitative — no percentages are broken out — but the pattern is clear across suppliers, customers, and geography. On the supply side, the company describes limited access to components obtained from a single or a limited number of suppliers, a high-share dependency that could constrain output if any one supplier falters. On the revenue side, two channels are called out: key OEM customers, including large hyperscale data center companies and CSPs, represent a medium-share dependency in the mass capacity markets, while distributors and retailers of disk drive products make up another medium-share dependency for the broader business — both more structural features of go-to-market than exposure to a single named counterparty. Geographically, disk drive assembly and machine learning operations are concentrated primarily in China and Thailand, a medium-share structural exposure tied to trade policy and regional operating risk. Netting these out, the supplier dependency is the sharpest single point of failure, while the customer-channel and geographic exposures are broader, macro-level features that would need a systemic rather than idiosyncratic shock to move the verdict.
For the engine’s reasoning on STX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Computer Hardware
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CRCT | Cricut, Inc. | 2 | 1 | 0 | 3 |
| STX● | Seagate Technology Holdings PLC | 1 | 3 | 0 | 4 |
| ANET | Arista Networks, Inc. | 0 | 2 | 1 | 3 |
| CRSR | Corsair Gaming, Inc. | 0 | 2 | 0 | 2 |
| DDD | 3D Systems Corporation | 0 | 0 | 0 | 0 |
| DELL | Dell Technologies Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.