Seagate reports Q2 revenue up 22% YoY to $2.83B, vs. $2.73B est., forecasts Q3 results above estimates on strong data storage demand; STX jumps 8%+
Seagate reports Q2 revenue up 22% YoY to $2.83B, vs. $2.73B est., forecasts Q3 results above estimates on strong data storage demand; STX jumps 8%+ after hours
Despite dire projections of PC and phone memory shortages, producers like Micron will proceed cautiously in adding new capacity, ever mindful of past downcycles
Sandisk, Western Digital, Seagate and Micron need to keep undershooting demand — The world needs a lot more memory chips and hard drives.
Data storage stocks led the S&P 500 in 2025, with SanDisk up 560%+ to become the top performer, followed by Western Digital in second and Seagate in fourth
The artificial intelligence trade is moving, and investors seeking cutting-edge ways to play it are snapping up technology …
Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index
Six firms are set to join the Nasdaq 100 Index as part of its annual reconstitution, the benchmark's overseer said Friday.
Shares of Seagate and Western Digital have sharply outperformed the broader market in 2025, surging ~200% on AI-related infrastructure demand for hard drives
- Seagate, Western Digital up more than 200% in 2025 — S&P 1500 tech hardware index hits record high
Seagate and other HDD makers bet on tech like heat-assisted magnetic recording to stay competitive; IDC expects data center HDD spending to hit $22B by 2028
John Keilman / Wall Street Journal : Bluesky: @wsj.com . Mastodon: @timbray@cosocial.ca Bluesky: @wsj.com : The fate of an industry is riding on a laser smaller than a grain of salt Mastodon: Tim Bra...
Seagate agrees to settle with the US Department of Commerce for $300M over shipping $1.1B+ worth of hard drives to Huawei, a violation of US export control laws
April 19 Reuters) - Seagate Technology Holdings PLC (STX.O) has agreed to pay a $300 million penalty in a settlement …
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 6%+ and is down ~50% YTD
Bloomberg :
Senate GOP report: Seagate violated US export rules by continuing to sell hard drives to Huawei after export restrictions were tightened in September 2020
Dan Strumpf / Wall Street Journal :