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’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 $2.9 billion.
Seagate stock soars another 20% after reporting a blockbuster Q2 and offering upbeat guidance, but a senior Citi analyst believes it’s not too late to invest in STX shares yet.
March S&P 500 E-Mini futures (ESH26) are up +0.17%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.19% this morning as investors digest earnings reports from big U.S. tech companies.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.32%. March E-mini S&P futures (ESH26 ) fell -0.01%, and...
The data storage company received a slew of price target updates from Wall Street analysts after it reported Q2 earnings that beat market expectations.
Date: January 28, 2026 Introduction As of January 2026, Western Digital Corporation (NASDAQ: WDC) finds itself at the epicentre of a technological renaissance. Long viewed as a legacy manufacturer of "spinning rust," the company has successfully pivoted into a critical infrastructure provider for the artificial intelligence (AI) era. Today, WDC is in the spotlight following [...]
