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Seagate Technology Holdings PLC (Ireland) (symbol: STX) is a leading global company known for its precision-engineered data storage technologies. Founded in 1979, Seagate has consistently been at the forefront of innovation in the data storage industry. The company specializes in providing hard disk drives (HDDs) and other data storage solutions for both enterprise and consumer markets.
Seagate is a critical player in the data storage industry, forming a practical duopoly with its main competitor, Western Digital. Both companies are vertically integrated, meaning they manage nearly all aspects of production and distribution, ensuring high-quality and reliable products.
With a diverse workforce of 40,000 employees spread across key global hubs such as Silicon Valley, the United Kingdom, Singapore, India, and China, Seagate leverages its international presence to drive technological advancements and meet the growing demand for data storage solutions. The company's expertise in creating storage solutions that offer superior capacity, speed, safety, and performance makes it a preferred choice for businesses and consumers alike.
Seagate's recent achievements include advancements in HAMR (Heat-Assisted Magnetic Recording) technology, which promises to significantly enhance data storage density and efficiency. Moreover, Seagate is actively involved in developing edge and cloud storage solutions, thereby catering to the needs of modern data-centric applications and industries.
In terms of financial health, Seagate has consistently shown robust performance, reporting solid earnings and maintaining a stable financial outlook. The company has also established numerous partnerships with other technology firms to further enhance its product offerings and market reach.
Seagate remains committed to harnessing data to maximize human potential, continually pushing the boundaries of what is possible in data storage technology. As data continues to grow exponentially in today's digital age, Seagate's role in providing reliable and efficient storage solutions becomes increasingly essential.
Seagate Technology Holdings (NASDAQ: STX) announced the retirement of Stephen J. Luczo from its Board of Directors, effective October 20, 2021. Luczo has been affiliated with Seagate for 28 years, serving as Board Chair from 2002 to 2020 and holding various leadership roles including CEO. His tenure is recognized for significant contributions to Seagate's technological advancements, bolstering its position as an industry leader in mass-data storage. The company appreciates Luczo's dedication and leadership during his time at the helm.
Seagate Technology (NASDAQ: STX) launched its Star Wars™ Beskar™ Ingot Drives, the first collectible branded drives inspired by the Star Wars franchise, just in time for the holiday season. The collection includes various formats such as M.2 NVMe, 2.5-inch SATA, and external HDDs, appealing to gamers and Star Wars enthusiasts. Prices range from $99.99 for the external HDD (2TB) to $259.99 for the 1TB SSD. Each drive features the iconic Beskar design and comes with a five-year warranty plus three years of data recovery services, enhancing consumer confidence.
Seagate Technology Holdings (NASDAQ: STX) reported robust fiscal Q1 2022 results with revenue of $3.12 billion, a significant increase from $2.31 billion in Q1 2021. The company achieved a GAAP diluted EPS of $2.28, up from $0.86 a year prior, reflecting strong profitability. Operating margins improved to 18.8% GAAP and 20.1% non-GAAP. Seagate generated $496 million in cash flow from operations and raised its quarterly dividend to $0.70 per share, marking the third consecutive year of increases. The outlook remains positive, driven by strong cloud data center demand.
Seagate Technology Holdings plc (NASDAQ: STX) will report its fiscal first quarter 2022 financial results on October 22, 2021, before market opening. The investment community is invited to join a conference call at 6:00 a.m. PT / 9:00 a.m. ET that same day to discuss the results. The live audio webcast will be available on Seagate’s Investor Relations site. With over three billion terabytes shipped globally, Seagate continues to lead in data storage solutions.
StorONE has partnered with Seagate Technology (NASDAQ: STX) to offer a bundled solution featuring Seagate's Exos AP5U84, aimed at reducing total cost of ownership (TCO) for data storage infrastructure. This solution allows IT professionals to efficiently consolidate storage systems, starting from backup storage to more demanding applications like VMware and databases. Key features include a cacheless architecture for high performance, robust data protection measures including vRAID, and snapshot capabilities for ransomware defense.
Seagate Technology Holdings plc (NASDAQ: STX) announced participation in two upcoming virtual investor events. The first event is Deutsche Bank's Virtual Technology Conference on September 9, 2021, at 12:50 PM PT. The second is Citi's Global Technology Virtual Conference on September 14, 2021, at 10:00 AM PT. Live audio webcasts will be accessible on Seagate's Investor Relations website, with replay available for 30 days post-event. Seagate, a leader in data storage, has shipped over three billion terabytes of data capacity.
NI and Seagate Collaboration - NI (NASDAQ: NATI) and Seagate Technology (NASDAQ: STX) have launched a new collaboration to enhance data storage and transfer services for autonomous vehicles. This includes an innovative ADAS record offering that combines NI’s in-vehicle data logging systems with Seagate’s edge storage services. The partnership aims to reduce costs and optimize data handling, aligning with the growing data needs of autonomous vehicles.
Seagate Technology Holdings plc (STX) announced impressive financial results for Q4 and fiscal year 2021, achieving record revenues of $3.013 billion, the highest in six years. Strong demand in cloud storage drove a 20% year-over-year revenue increase. Non-GAAP EPS reached $2.00, compared to $1.20 in the prior year. The company generated $1.6 billion in cash flow from operations in FY 2021 and repurchased 33.6 million shares. A quarterly dividend of $0.67 per share has been declared, payable on October 6, 2021, reflecting solid financial health.
Seagate Technology Holdings plc (NASDAQ: STX) is set to release its fourth quarter and fiscal year 2021 financial results on July 21, 2021, before market opening. A conference call will be held that same day at 6:00 a.m. Pacific / 9:00 a.m. Eastern to discuss these results. This marks an important moment for investors as they await insights into the company's performance. Seagate, a leader in data storage solutions, has been innovating for over 40 years and has shipped over three billion terabytes of data capacity.
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