STX's 44TB Mozaic 4 drives are fueling gross margin expansion as cloud demand, higher storage density and improved cost efficiency boost profitability prospects.
Seagate just shed more than 14% in a month after a rival made a move that rattled the entire hard-drive sector, yet the company's own numbers tell a completely different story about where demand is heading.
Seagate is positioned as a beneficiary of the AI buildout, leveraging its advanced storage solutions for large-scale data needs. HAMR technology enables STX to offer higher-capacity drives, reducing required units and operational costs for data centers, with 44TB drives available and 100TB planned by 2032. The company delivered strong financials: FY2026 sales up 34% to $12.2B, adjusted operating margins at 36.5%, and free cash flow 3.8x prior year, supporting a Buy rating.
| Technology Hardware, Storage & Peripherals Industry | Information Technology Sector | William David Mosley CEO | LSE Exchange | G8123P102 CUSIP |
| SG Country | 30,000 Employees | 24 Sep 2026 Last Dividend | - Last Split | 11 Dec 2002 IPO Date |
Seagate Technology Holdings plc operates internationally from its bases in Singapore, the United States, the Netherlands, and other global locations, pioneering in the delivery of advanced data storage technology and solutions. With a history dating back to 1978 and headquartered in Dublin, Ireland, Seagate has grown into a leading provider of mass capacity storage products and services, catering to a wide array of customer needs across different sectors. The company's offerings play a crucial role in managing and storing the exponentially growing data of today's digital age, catering to both enterprise and consumer market segments.
Seagate Technology Holdings plc boasts a comprehensive portfolio of storage solutions and products designed to meet the diversifying needs of its global clientele. These offerings include:
Seagate's distribution network spans OEMs, distributors, and retailers, ensuring wide accessibility of its products and services to various markets worldwide.