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Seagate Technology Holdings plc reports developments in mass-capacity data storage, including hard disk drive technology, enterprise storage demand, and consumer storage products. The company serves hyperscale cloud providers, enterprises, and consumers with storage solutions used to protect, create, manage, and scale data.
Recurring Seagate news includes fiscal results, dividend actions, investor-event participation, board governance updates, and product announcements across its Seagate, FireCuda, and LaCie brands. Technology updates also cover its Mozaic platforms, HAMR-based storage, high-capacity drives, and customer qualification activity in hyperscale environments.
Seagate (NASDAQ: STX) and subsidiary Seagate HDD Cayman agreed on May 20, 2026 to privately exchange $185.908 million principal of 3.50% Exchangeable Senior Notes due 2028.
Noteholders will receive $185.908 million in cash plus Seagate ordinary shares, with share count set over a one-day trading period starting May 21, 2026. Closing is expected around May 26, 2026, leaving about $185.8 million notes outstanding, which will keep their current terms.
Seagate (NASDAQ: STX) announced that Lead Independent Director Mike Cannon will retire from the board at the end of his current term in October 2026. Cannon joined Seagate's board in February 2011 and previously served five years as board chair and five years as lead independent director.
The release summarizes Cannon's 40-year disk drive industry career, prior roles at Boeing, Control Data, IBM, and Maxtor, and notes his leadership during Maxtor's 1998 IPO.
Seagate (NASDAQ: STX) said management will participate in three investor conferences in May–June 2026 with live presentations and investor meetings.
Presentation dates and times: J.P. Morgan on May 18, 2026 at 6:45 AM PT / 9:45 AM ET; TD Cowen on May 27, 2026 at 6:40 AM PT / 9:40 AM ET; Bank of America on June 2, 2026 at 11:20 AM PT / 2:20 PM ET. Webcasts will be on Seagate’s investor site and replays available for at least 30 days.
Seagate (NASDAQ: STX) reported fiscal Q3 2026 results: revenue $3.11 billion, GAAP gross margin 46.5% and non-GAAP gross margin 47.0%. GAAP diluted EPS was $3.27 and non-GAAP diluted EPS was $4.10. Cash flow from operations was $1.1 billion with $953 million free cash flow. The company retired $641 million of debt and returned $191 million to shareholders. The Board declared a quarterly cash dividend of $0.74 per share payable July 7, 2026. Q4 guidance: revenue $3.45 billion ± $100 million and non-GAAP diluted EPS $5.00 ± $0.20.
Tradr ETFs will launch four single-stock 2X leveraged ETFs on Cboe on April 24, 2026, each seeking 200% of the daily performance of its underlying stock.
Expected launches include AXTX (AXTI), CPNX (CPNG), MPWX (MPWR) and STXX (STX). The issuer highlighted significant risks of leveraged ETFs and directs investors to its website for full disclosures.
Seagate (NASDAQ: STX) launched refreshed consumer and prosumer storage across Seagate, FireCuda, and LaCie brands on April 23, 2026, targeting backup, gaming and AI-driven creative workflows. Key features include capacities up to 256TB, bus-powered USB-C desktop drives, Thunderbolt™ 5 support, integrated backup tools, and Rescue Data Recovery Services.
Products announced: Seagate One Touch (8TB–24TB), FireCuda X Vault (8TB, 20TB), and LaCie 8big Pro5 (32TB–256TB) with stated availability and starting prices for each model.
Seagate Technology (NASDAQ: STX) will report fiscal third quarter 2026 financial results after the U.S. market close on April 28, 2026. An investor conference call is scheduled the same day at 2:00 PM PT / 5:00 PM ET, and a live audio webcast will be available on Seagate's investor site.
Wasabi Technologies announced it will acquire Seagate Lyve Cloud business, with Seagate receiving equity and becoming a Wasabi shareholder; financial terms were not disclosed. The deal is presented as strengthening Wasabi’s position as a pure‑play cloud storage vendor by adding Lyve Cloud’s enterprise customer base, S3‑compatible integrations, and partner relationships.
The combination is positioned to simplify backup ecosystems (Veeam, Rubrik, Commvault), expand enterprise backup and archive capabilities, and offer predictable, cost‑efficient storage outside hyperscalers.
Seagate (NASDAQ: STX) announced its next‑generation Mozaic 4+ HAMR platform, now qualified and in production with two hyperscale cloud providers and supporting capacities up to 44TB.
The platform uses a next‑generation suspension and enhanced system‑on‑a‑chip, and Seagate says vertical integration of laser photonics shortens qualification timelines and improves manufacturing resilience. Seagate projects continued scaling toward future 100TB drives as production ramps.
Seagate (NASDAQ: STX) closed privately negotiated exchanges on February 19, 2026, of $600 million principal amount of Seagate HDD Cayman’s 3.50% Exchangeable Senior Notes due 2028.
Consideration was approximately $599.2 million in cash plus about 5.95 million ordinary shares, the exchanged notes were retired, and roughly $400 million principal remains outstanding. Shares were issued under the Section 4(a)(2) Securities Act exemption.