Seagate makes hard drives and SSDs—the physical storage boxes that hold data for servers, PCs, and cloud companies. Think of them as the filing cabinets of the digital world.
Revenue USD 12.20B (FY2026), split between enterprise storage and consumer external drives. Gross margin 45.58%, net margin 26.11%—recurring hardware sales with strong pricing power as data demand surges.
Seagate controls significant enterprise HDD market share and deep OEM relationships built over 46 years, but faces eroding moat: SSDs are displacing HDDs in high-margin segments, and competitors like Western Digital and Samsung are gaining SSD share faster.
Strong Buy (sector percentile 94) — value C, growth B+, profitability A, momentum A+, revisions B+. Updated daily, sector-relative, identical for every user.
Key events, in time order
Zacks and Cramer independently highlight strong AI storage demand, boosting STX growth
Tiger Global 13F shows new STX position alongside AMD, signaling institutional confidence in AI storage demand
Zacks and 247wallst highlight STX's strong margins, cash flow, and AI storage demand; shares up 445% in a year
DRAM ETF down 2%, with MU, SNDK, WDC, STX all lower, extending recent pullback.
Multiple sources confirm STX nearly tripled YTD, while memory stocks average 40-50% drawdown recently
Seeking Alpha reiterates Buy, $1000 PT, Q4 revenue +48% YoY
BofA disclosed a 21% reduction in STX holdings per 13F filing, indicating repositioning.
Barclays raised PT from $1000 to $1250, stock up 11.4%, with multiple analysts positive.
Amundi discloses 32.2% stake increase in Q1, showing institutional confidence
Prior institutional buying validated by strong AI storage demand
2026财年全年营收增长34%，非GAAP毛利率提升10个百分点，非GAAP每股收益增长超过90%，自由现金流达31亿美元，创历史新高。
FT report on proposed ban, affecting memory/storage stocks incl. STX
Citi hikes STX PT to $1,240, also raises WDC and other tech PTs
Revenue of $3.1 billion in March quarter, up 44% year-over-year and 10% sequentially
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Seagate Technology (STX) is among the top Nasdaq-100 performers year-to-date. A failure to rally on recent positive news would signal short-term weakness.
Main discussion
Different voices
$MU $SNDK $WDC $STX If there was ever a reason for these names to gap higher, we got it this weekend. Bottomline, if they fail to rally its a strong signal short term. $NVDA
Top 10 Stocks in the Nasdaq-100 YTD 🟢 Sandisk $SNDK +552% 🟢 Micron $MU +226% 🟢 Seagate $STX +202% 🟢 Marvell $MRVL +172% 🟢 Western Digital $WDC +159% 🟢 Nebius $NBIS +152% 🟢 Intel $INTC +138% 🟢 Lumentum $LITE +129% 🟢 AMD $AMD +116% 🟢 Arm $ARM +115% https://t.co/bisCIDWliE
Focus list. Know your earnings dates! $NVDA $MU $CRDO $DELL $APH $STX $MDB $WAY $IOT $MA
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