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STX

Seagate Technology
Memory & StorageAI exposure: Partial

High-capacity hard drives for cloud and AI data storage.

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01What does it supply?

Products, customers, and where it sits in the AI stack.

What the company does

Makes hard disk drives and storage systems.

Its role in AI

Supplies mass-capacity drives (including its HAMR technology) to hyperscale data centers.

02How much does AI matter to its business?

Partial. One line of business, or an indirect beneficiary.

Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.

Reported by the company

Estimates

No third-party or editorial estimates are listed for STX. Only company-reported figures are shown at present.

Key financial metrics, by reporting period

Company-reported, via TradingView

03What should visitors watch next?

Earnings, product launches, customer spending, and the risks that matter.

Next earnings
No announced date on file. Check the investor relations page.
Last earnings release: 2026-07-28 (8-K)

Watch list

  • Fiscal Q1 2027 revenue vs. outlook of $4.1 billion +/- $100 million and non-GAAP EPS $7.30 +/- $0.20 source
  • Progress of the Mozaic/HAMR ramp that management says addresses strengthening exabyte demand source
  • Whether cloud data center demand momentum 'continuing in 2027' holds, per CEO commentary source

Growth drivers

  • 'Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027' source
  • 'As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage' source
  • Positioned to address 'strengthening exabyte demand through our Mozaic platform and differentiated HAMR technology roadmap' source

Risks

  • A limited number of key customers (top customer ~14% of fiscal 2026 revenue) account for a significant portion of revenue, so reduced purchases by large hyperscale operators could materially harm results source
  • Shortages, delays or cost increases in critical components, including rare-earth sourcing from China and tariff exposure, have affected and may again affect production source
  • If the transition to HAMR-based HDDs requires longer development, qualification or production cycles than expected, sales and market share could suffer source

The company's own risk factors: 10-K filed 2026-08-04, Item 1A.

Recent developments: SEC filings

Source: SEC EDGAR · refreshed every 15 min

Insider trades

Form 4, last 6 filings
InsiderTransactionSharesAvg priceFiled
Chong Kian Fatt
EVP Global Operations
Option exercise · acquired14,4702026-09-16
Romano Gianluca
EVP & CFO
Option exercise · acquired90,3802026-09-16
Romano Gianluca
EVP & CFO
Open-market sale · disposed49,984$772.162026-09-16
MOSLEY WILLIAM D
Director, CEO
Option exercise · acquired177,0002026-09-16
MOSLEY WILLIAM D
Director, CEO
Open-market sale · disposed97,889$772.142026-09-16
Teh Ban Seng
EVP & Chief Commercial Officer
Option exercise · acquired52,7302026-09-16
Teh Ban Seng
EVP & Chief Commercial Officer
Open-market sale · disposed52,730$782.082026-09-16
Morris John Christopher
EVP & CTO
Option exercise · acquired30,1302026-09-16
Morris John Christopher
EVP & CTO
Open-market sale · disposed15,466$772.152026-09-16
Teh Ban Seng
EVP & Chief Commercial Officer
Option exercise · acquired9892026-09-15
Teh Ban Seng
EVP & Chief Commercial Officer
Open-market sale · disposed989$779.002026-09-15

Original sources

Research noteFiscal year ends around end of June (FY2026 ended July 3, 2026; 53-week year). No fiscal Q1 2027 results date found on investors.seagate.com as of 2026-09-17 (news/events pages are dynamic). The 8-K press release has no mass-capacity revenue or exabyte table, and the 10-K MD&A was truncated in fetch, so no exabyte figure is cited.