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Seagate Technology Holdings Plc (STX) delivers mission-critical data storage solutions powering global enterprises and consumer markets. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the digital infrastructure landscape.
Access verified press releases and analysis covering Seagate's financial performance, product innovations, and strategic partnerships. Our curated collection includes earnings announcements, technology breakthroughs in hard drive capacity, and operational updates from this vertically integrated manufacturer.
Key focus areas include enterprise storage advancements, cloud infrastructure trends, and manufacturing developments impacting data center economics. Bookmark this page to monitor how Seagate navigates evolving demands in AI-driven storage architectures and sustainable technology solutions.
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.
[ "Unified leadership structure with CEO taking Board Chair role indicates strong confidence in current management", "Retention of experienced leadership with Mosley's 30-year tenure at Seagate", "Maintains board continuity with Cannon transitioning to Lead Independent Director role" ]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.
Seagate Technology (NASDAQ: STX) has announced the global availability of its new 30TB Exos M and IronWolf Pro hard drives, powered by HAMR technology and the Mozaic 3+ platform. The launch comes amid increasing demand for high-capacity storage driven by AI deployments, with Seagate having shipped over one million Mozaic drives.
The drives are priced at $599.99 for 30TB models and $569.99 for 28TB versions. This release addresses the growing need for data center storage as approximately 90% of world's data is stored in just 10 countries, while nearly 150 countries adopt data sovereignty requirements. The drives are specifically designed to support AI workloads, with HPE forecasting the on-prem AI market to grow at a 90% CAGR to $42 billion within three years.
Seagate Technology (NASDAQ: STX) announced the final results of its exchange offers and consent solicitations for senior notes. The company received tenders for an aggregate of $2.81 billion in principal amount of old notes issued by Seagate HDD Cayman to be exchanged for new notes issued by Seagate Data Storage Technology Pte. Ltd. (SDST).
The exchange offers achieved high participation rates, ranging from 66.86% to 98.40% across eight series of notes. Eligible holders who tendered their notes will receive $1,000 principal amount of new notes and $1.25 in cash for each $1,000 principal amount of old notes. The settlement is expected on June 30, 2025.
[ "High participation rates with up to 98.40% of notes tendered across series", "Successfully received required consents to adopt proposed amendments for all note series", "Exchange offers maintain debt structure while providing additional $1.25 cash per $1,000 of notes" ]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.
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