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STX
NASDAQ
Technology
$899.90
USD
-$125.46 (-12.24%)
Last close
Market Cap:
$229.92B
Volume:
9.3M
Previous Close
$1025.36
Day Range
$880.49 - $996.48
52 Week Range
$136.28 - $1145.00
Average Volume (10 Days)
5.2M
P/E Ratio
156.51
Dividend Yield
0.27%
Seagate Technology Holdings Plc operates as holding company that is engaged in the development, production, and distribution of data storage products and electronic data storage solutions. The company employs 30,000 full-time employees The company went IPO on 2002-12-11. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
CEO
Dr. William Mosley
Headquaters
DUBLIN, DUBLIN, SG
Founded
2002
Employees
30,000
Seagate reported fiscal Q3 revenue of $3.1 billion, up 44% year-over-year, driven by surging demand for high-capacity storage from hyperscalers building AI infrastructure. The company raised its medium-term annual revenue growth target from low-to-mid-teens to at least 20%, citing structural growth in data storage driven by AI workloads. Two major cloud providers qualified Seagate's next-generation HAMR technology platform, Mozaic 4+, clearing a key execution risk.
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Seagate's fiscal Q3 earnings beat expectations by 17%, fueled by soaring demand for data storage from AI workloads. The hard disk drive maker raised its long-term growth forecast to 20% annually as hyperscalers lock in capacity through 2027. Seagate and peer Western Digital crushed semiconductor stocks in April, gaining over 60% amid surging AI-driven data creation.
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Seagate Technology reported fiscal Q3 revenue growth of 44% to $3.1 billion, driven by strong demand for high-capacity storage from AI infrastructure buildouts. The company raised its revenue growth outlook to at least 20% annually and said nearline capacity is fully allocated through 2027. The positive results lifted shares across the storage sector.
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