Seagate Technology Plc is a leading provider of data storage solutions that design, manufacture, and market a broad range of hard disk drives and solid-state drives for a variety of applications, including enterprise and consumer markets. The company specializes in delivering high-performance storage systems and innovative data management solutions that cater to the growing demand for reliable and secure data storage amidst the ever-expanding digital landscape. Seagate's technologies are integral to a wide array of devices, enabling fast access to information and supporting the burgeoning fields of cloud computing, big data, and artificial intelligence. Additionally, the company focuses on sustainability initiatives and advancing storage technology to help customers effectively manage and protect their data. Read More
Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, announced that management is scheduled to participate in the following investor events:
March S&P 500 E-Mini futures (ESH26) are trending up +0.10% this morning as investors await the release of the U.S. nonfarm payrolls report, which is crucial for shaping expectations about the Federal Reserve’s interest-rate path.
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
As of February 6, 2026, the technology sector is witnessing a historic resurgence in a corner of the market once considered "legacy": data storage. Western Digital Corp. (NASDAQ: WDC) has emerged as the standout performer of the first quarter, with its stock price surging over 28% in the first week of February alone. This rally [...]
The Federal Reserve Open Market Committee (FOMC) concluded its first policy meeting of 2026 on January 28, voting to maintain the federal funds rate at a target range of 3.5% to 3.75%. This widely anticipated decision marks a pivotal shift in the central bank’s strategy, moving from
The narrative of the artificial intelligence revolution shifted dramatically this week from the processing power of chips to the massive capacity required to store the data they generate. Seagate Technology Holdings plc (NASDAQ: STX) saw its stock price surge by a staggering 19% following a fiscal second-quarter earnings report that
A number of stocks fell in the afternoon session after uncertainty increased over when key companies can resume large-scale sales of high-end artificial-intelligence chips to China.
Seagate’s fourth quarter results were received positively by the market, reflecting strong execution in both technology and operations. Management attributed the quarter’s performance to sustained demand from global cloud data center customers and the ongoing shift to high-capacity nearline drives. CEO Dave Mosley emphasized, “We expanded non-GAAP gross margin above 42%, supported by the execution of our pricing strategy, along with an improving mix of our high capacity drives as HAMR shipments ramp.” Growth in exabyte shipments and improved product mix were central to Seagate’s margin expansion and revenue gains.
The financial markets witnessed a historic shift in the technology landscape this week as Seagate Technology Holdings plc (NASDAQ:STX) saw its stock price skyrocket by 19%, following a fiscal second-quarter earnings report that shattered Wall Street’s most optimistic projections. The surge, which propelled the storage giant to an
Seagate Technology has been a wildly lucrative “picks and shovels” play on AI over the past year, as evidenced by its more-than-230% gain. However, investors should be prepared for volatility.
The company reported revenue of $3.02 billion for the quarter, 25% higher compared to the same period last year, and above analyst estimates of $2.9 billion.
