Seagate Stock News

Seagate stock was trading slightly higher late Tuesday, after the hard drive maker reported mixed March quarter results.

Seagate Technology on Tuesday forecast fourth-quarter profit above Wall Street estimates after beating earnings estimates for the most recent quarter, driven by higher demand for its memory chips from cloud customers.

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”), the leading innovator of mass-capacity storage solutions, today reported financial results for its fiscal third quarter ended March 29, 2024. "Seagate's March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, ...

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), the leading innovator of mass-capacity data storage, today issued its annual environment, social, and governance (ESG) report — “Sustainable Datasphere: FY2023 ESG Performance Report.” The 18th annual edition highlights the company's continued progress over the past fiscal year towards creating a sustainable, inclu...

Seagate's Mozaic platform and HAMR technology are expected to boost revenues and increase operating margins. The periodic replacement or upgrading of existing storage units will contribute to Seagate's sales growth. Seagate's gross margin is projected to return to sustainable levels, leading to a higher valuation.

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), the leading innovator of mass-capacity storage solutions, will report fiscal third quarter 2024 financial results after the market closes on Tuesday, April 23, 2024. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be a...

The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.

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