Seagate Technology Hldngs Plc Stock Price, News & Analysis

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.

Seagate Technology (NASDAQ: STX) has announced its participation in two upcoming investor events. The company will present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference on May 28, 2025, at 8:25 AM PT, and the Bank of America Securities 2025 Global Technology Conference on June 3, 2025, at 10:00 AM PT. Both events will include investor meetings and live webcasts accessible through Seagate's Investor Relations website. Webcast replays will be available for at least 30 days after each event.

Seagate Data Storage Technology, a subsidiary of Seagate Technology Holdings (NASDAQ: STX), has announced the pricing of a $400 million private offering of senior notes due 2030. The notes, priced at 100% of the principal amount, will bear interest at 5.875% per annum with closing expected around May 27, 2025.

The company plans to use the proceeds, along with cash on hand, to redeem all outstanding 4.875% Senior Notes due 2027. The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.

Seagate Technology (NASDAQ: STX) has announced an upcoming investor and analyst event scheduled for May 22, 2025, in New York City. The event will feature presentations from Seagate's executive team and will run from 9:00 AM to approximately 12:00 PM Eastern time. While in-person attendance requires advanced registration and is limited to institutional investors and equity research analysts, a live video webcast will be available on Seagate's Investor Relations website. A replay of the event will also be made available afterwards.

Seagate Technology reported strong financial results for fiscal Q3 2025, with revenue reaching $2.16 billion and GAAP diluted EPS of $1.57. The company's non-GAAP EPS reached $1.90, hitting the top of their guidance range.

Key financial highlights include:

• Cash flow from operations: $259 million
• Free cash flow: $216 million
• Quarterly dividend: $0.72 per share
• Gross margin improved to 35.2% (GAAP)
• Net income: $340 million (GAAP)

The company reduced its debt by $536 million to $5.1 billion and maintained $814 million in cash reserves. Looking ahead, Seagate projects Q4 2025 revenue of $2.40 billion (±$150M) with non-GAAP EPS guidance of $2.40 (±$0.20). CEO Dave Mosley highlighted the company's focus on HAMR product development and expressed confidence in continued profitable growth through 2025 and beyond.

Seagate Technology (NASDAQ: STX) has released its 'Decarbonizing Data' report, highlighting sustainability challenges in data centers amid growing AI demands. The report reveals that 53.5% of business leaders cite energy usage as a top concern, with Goldman Sachs forecasting data center power demand to surge 165% by 2030 compared to 2023.

Key findings show that 94.5% of respondents report increasing storage needs, with 97% expecting AI growth to further impact demand. While 95% express environmental concerns, only 3.3% prioritize it in purchasing decisions. Major barriers include high energy consumption (53.5%), raw material requirements (49.5%), and space constraints (45.5%).

Seagate's HAMR-based Mozaic 3+ platform offers solutions by enabling 3x more capacity in the same footprint, reducing embodied carbon by 70% per terabyte, and lowering cost per terabyte by 25%.

Seagate Technology (NASDAQ: STX) has announced it will release its fiscal third quarter 2025 financial results after market close on Tuesday, April 29, 2025. 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 and interested parties can access the live audio webcast through Seagate's Investor Relations website at investors.seagate.com.