Seagate Technology Hldngs Plc Stock Price, News & Analysis

Seagate (NASDAQ: STX) closed exchanges on November 12, 2025 of $500 million principal amount of Seagate HDD Cayman 3.50% Exchangeable Senior Notes due 2028.

The exchanges were settled for approximately $503.4 million in cash plus approximately 4.3 million ordinary shares of Seagate stock. The share count was determined over the one trading day beginning on November 5, 2025. The exchanged notes have been retired and about $1.0 billion aggregate principal amount of notes remain outstanding on unchanged terms. Shares were issued in private placements under Section 4(a)(2) of the Securities Act.

Seagate (NASDAQ: STX) announced that on November 4, 2025 it entered into privately negotiated exchange agreements to exchange $500 million principal amount of Seagate HDD Cayman 3.50% Exchangeable Senior Notes due 2028 for consideration of approximately $503.4 million in cash plus a number of ordinary shares to be determined over a one trading day period beginning on November 5, 2025. The exchanges are expected to be consummated on or about November 10, 2025, subject to customary closing conditions, and the exchanged notes will be retired at closing.

Following closing, Seagate HDD expects approximately $1.0 billion aggregate principal amount of the notes to remain outstanding. Any ordinary shares issued will be unregistered and not freely tradable except under an exemption from registration.

Seagate (NASDAQ: STX) reported fiscal Q1 2026 results for the quarter ended October 3, 2025: revenue $2.63B (up 21% YoY), GAAP EPS $2.43 and non-GAAP EPS $2.61. Gross margins reached record levels: GAAP 39.4% and non-GAAP 40.1%. Cash flow from operations was $532M and free cash flow $427M. The company returned $182M to shareholders via dividends and buybacks and raised the quarterly dividend ~3% to $0.74 per share.

Q2 fiscal 2026 guidance: revenue $2.70B ± $100M and non-GAAP EPS $2.75 ± $0.20, which incorporates estimated Pillar Two tax effects and estimated dilution from exchangeable notes.

Seagate Technology (NASDAQ: STX) will report fiscal first quarter 2026 financial results after the U.S. market close on Tuesday, October 28, 2025.

An investor conference call is scheduled the same day at 2:00 PM PT / 5:00 PM ET, and a live audio webcast will be available at investors.seagate.com.

Seagate Technology (NASDAQ: STX) has announced the appointment of Thomas (Tom) Szlosek to its Board of Directors, effective August 23, 2025. Szlosek will also serve on the Board's Audit and Finance Committee.

Szlosek brings over 30 years of global financial leadership experience and currently serves as Executive Vice President and CFO of AutoNation. His previous roles include CFO positions at Avantor Inc. and Honeywell International, along with senior finance roles at General Electric and Price Waterhouse Coopers. He is a Certified Public Accountant and currently serves on the board of RXO Inc.

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.

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.