Seagate Technology Hldngs Plc Stock Price, News & Analysis

Seagate Technology (NASDAQ: STX), a mass-capacity data storage innovator, has announced its participation in three upcoming investor conferences in August and September 2025.

The company will attend the Evercore ISI Semiconductor Conference on August 26 for investor meetings, the Citi Global TMT Conference on September 3 with a presentation at 10:50 AM ET, and the Goldman Sachs Communacopia + Technology Conference on September 8 with a presentation at 1:10 PM ET. All presentations will be available via webcast on Seagate's Investor Relations website with replays accessible for at least 30 days.

Seagate Technology (NASDAQ: STX) reported strong financial results for Q4 and fiscal year 2025. Q4 revenue reached $2.44 billion, marking a 30% year-over-year increase. The company achieved GAAP diluted EPS of $2.24 and non-GAAP EPS of $2.59 in Q4.

For fiscal year 2025, Seagate generated revenue of $9.10 billion with GAAP diluted EPS of $6.77 and non-GAAP EPS of $8.10. The company demonstrated robust cash flow, generating $1.1 billion from operations and $818 million in free cash flow for the year. Seagate reduced its debt by $684 million during FY2025 and declared a quarterly dividend of $0.72 per share.

Looking ahead, Seagate projects Q1 FY2026 revenue of $2.50 billion ±$150 million and non-GAAP diluted EPS of $2.30 ±$0.20.

Seagate Technology (NASDAQ: STX) announced a significant leadership change as CEO Dave Mosley has been unanimously elected to the additional role of Board Chair, effective after the company's 2025 Annual General Meeting in October. Current Board Chair Michael R. Cannon will transition to the role of Lead Independent Director while maintaining his board position.

Mosley, who has been with Seagate for nearly 30 years and served as CEO since 2017, has been credited with driving operational performance and advancing the company's technology roadmap. His appointment reflects the Board's confidence in his strategic vision for Seagate's future growth in the expanding data storage market.

[ "Unified leadership structure with CEO taking Board Chair role indicates strong confidence in current management", "Retention of experienced leadership with Mosley's 30-year tenure at Seagate", "Maintains board continuity with Cannon transitioning to Lead Independent Director role" ]

Seagate Technology (NASDAQ: STX), a mass-capacity data storage solutions provider, has scheduled the release of its fiscal fourth quarter and fiscal year 2025 financial results for July 29, 2025, after market close. The company will host an investment community conference call to discuss the results at 2:00 PM PT / 5:00 PM ET on the same day. Investors can access the live audio webcast through Seagate's Investor Relations website at investors.seagate.com.

Seagate Technology (NASDAQ: STX) has announced the global availability of its new 30TB Exos M and IronWolf Pro hard drives, powered by HAMR technology and the Mozaic 3+ platform. The launch comes amid increasing demand for high-capacity storage driven by AI deployments, with Seagate having shipped over one million Mozaic drives.

The drives are priced at $599.99 for 30TB models and $569.99 for 28TB versions. This release addresses the growing need for data center storage as approximately 90% of world's data is stored in just 10 countries, while nearly 150 countries adopt data sovereignty requirements. The drives are specifically designed to support AI workloads, with HPE forecasting the on-prem AI market to grow at a 90% CAGR to $42 billion within three years.

Seagate Technology (NASDAQ: STX) announced the final results of its exchange offers and consent solicitations for senior notes. The company received tenders for an aggregate of $2.81 billion in principal amount of old notes issued by Seagate HDD Cayman to be exchanged for new notes issued by Seagate Data Storage Technology Pte. Ltd. (SDST).

The exchange offers achieved high participation rates, ranging from 66.86% to 98.40% across eight series of notes. Eligible holders who tendered their notes will receive $1,000 principal amount of new notes and $1.25 in cash for each $1,000 principal amount of old notes. The settlement is expected on June 30, 2025.

[ "High participation rates with up to 98.40% of notes tendered across series", "Successfully received required consents to adopt proposed amendments for all note series", "Exchange offers maintain debt structure while providing additional $1.25 cash per $1,000 of notes" ]

Seagate Technology (NASDAQ: STX) announced early participation results for its exchange offers and consent solicitations for senior notes. The exchange offers involve eight series of outstanding notes issued by Seagate HDD Cayman for new notes to be issued by Seagate Data Storage Technology. As of June 10, 2025, significant portions of notes have been tendered, ranging from 61.49% to 95.39% across different series. The company has amended the terms to offer the Total Consideration ($1,000 principal amount of New Notes plus $1.25 cash) for notes tendered after the Early Participation Deadline. SDST has received sufficient consents to adopt proposed amendments for all Old Notes, which will eliminate substantial restrictive covenants and certain default provisions. The exchange offers will expire on June 26, 2025, unless extended.

Seagate Technology (NASDAQ: STX) announced exchange offers for eight series of senior notes issued by Seagate HDD Cayman. The exchange offers allow eligible holders to swap their existing notes for new notes to be issued by Seagate Data Storage Technology Ptd. Ltd (SDST). For each $1,000 of old notes tendered before June 10, 2025, holders will receive $1,000 in new notes plus $1.25 cash (including $50 early participation premium). The exchange offers cover notes with various interest rates ranging from 3.125% to 9.625% due between 2029 and 2034, with a total outstanding principal of approximately $3.15 billion. The new notes will maintain identical terms regarding interest rates, payment dates, redemption prices, and maturity, with SDST as the issuer and Seagate HDD as guarantor. The exchange offers expire on June 26, 2025.

Seagate Technology (NASDAQ: STX) hosted its 2025 Investor and Analyst Event, outlining strategic plans through FY2028. The company announced new financial targets supported by its HAMR technology adoption, including low-to-mid teens CAGR revenue growth and 40% non-GAAP gross margin with expansion opportunities. Seagate aims to maintain operating expenses at ~10% of revenue and capital expenditures at 4-6% of revenue.

The company unveiled its product roadmap featuring Mozaic technology advancement from 3+TB/disk to 10TB/disk. Notably, the Board of Directors increased the share repurchase authorization to $5 billion, committing to return over 75% of free cash flow to shareholders. Seagate emphasizes its unique position to capture opportunities in data storage driven by AI and exponential data growth, particularly in data center solutions.