Core Viewpoint - Seagate Technology has been granted a patent for a "stacked register with different ferroelectric memory element structures," indicating advancements in memory technology [1] Group 1 - The patent was authorized under announcement number CN115248787B [1] - The application date for the patent was April 2022 [1]

Core Insights - Seagate Technology Holdings plc's revenue growth is primarily driven by the increasing demand for data centers, particularly from cloud service providers and enterprise customers supporting AI workloads and rising data volumes [1] Group 1: Financial Performance - In the first quarter of fiscal 2026, Seagate's data center revenue accounted for 80% of total revenue, reaching $2.1 billion, which is a 13% sequential increase and a 34% year-over-year increase [3][9] - For the fiscal second quarter, Seagate expects revenues of $2.7 billion (+/- $100 million), indicating a 16% year-over-year improvement at the midpoint [2] - The non-GAAP operating margin is projected to increase to approximately 30% at the midpoint of revenue guidance [2] Group 2: Product and Market Dynamics - Seagate shipped 159 exabytes to data center customers in the first quarter, up from 137 exabytes in the prior-year period, with a 26% increase in average nearline drive capacity contributing to overall growth [4][9] - The company is ramping up production of its high-capacity Mozaic products, with most major global cloud providers already qualified on Seagate's HAMR-based drives [5] - Long-term agreements with global data center customers provide strong visibility through 2027, supporting confidence in sustained demand [4] Group 3: Competitive Landscape - Western Digital Corporation's HDD business is also experiencing revenue growth, shipping 204 exabytes, up 23%, driven by demand for higher-capacity drives [6] - Pure Storage, Inc. is innovating in enterprise storage, raising its fiscal 2026 revenue outlook to $3.63-$3.64 billion, indicating a year-over-year growth of 14.5-14.9% [7] Group 4: Stock Performance and Valuation - Seagate's shares have gained 248.3% over the past year, outperforming the Zacks Computer Integrated Systems industry's growth of 97.6% [10] - The forward price/earnings ratio for Seagate's shares is currently at 24.26X, higher than the industry's 17.73X [11] - The Zacks Consensus Estimate for Seagate's earnings for fiscal 2026 has been revised up by 2.18% to $11.26 over the past 60 days [12]

Core Insights - Seagate Technology Holdings plc (STX) has experienced a significant stock performance increase of 241.8% over the past year, outperforming the Zacks Computer-Integrated Systems industry, the Zacks Computer & Technology sector, and the S&P 500, which grew by 95.3%, 29.7%, and 21.9% respectively [1][2]. Group 1: Market Position and Competitors - Seagate has outperformed competitors such as International Business Machines Corporation (IBM) and Advanced Micro Devices (AMD), which saw stock increases of 39.9% and 73.1% respectively over the same period [2]. - Western Digital Corporation (WDC), a key competitor in the HDD market, has also seen a substantial stock increase of 223.2% [2]. Group 2: Drivers of Growth - The primary driver of Seagate's stock rally is the increasing demand for storage capacity, propelled by trends in AI and cloud computing, alongside tight supply dynamics in the HDD market [5][6]. - Seagate's high-capacity HAMR drives are gaining traction, with five global cloud service providers (CSPs) already qualified on 36TB offerings, and production is expected to ramp up significantly [6][7]. - The company is also developing Mozaic 4+ drives with capacities up to 44TB, aiming for volume production in early 2026 [6]. Group 3: Financial Performance - Seagate raised its quarterly dividend by approximately 3% to 74 cents per share, reflecting confidence in cash flow sustainability [10]. - The company returned $153 million to shareholders through dividends and repurchased 153,000 shares for about $29 million [10]. - For the fiscal second quarter, Seagate anticipates revenues of $2.7 billion, representing a 16% year-over-year increase at the midpoint [13]. Group 4: Future Outlook - Seagate's business model is evolving to focus on two core markets: Data Center and Edge IoT, which positions the company for improved profitability and cash flow in fiscal 2026 [11]. - The company expects capital spending to remain within 4-6% of revenue while maintaining strict capital discipline [13]. - Earnings estimates for fiscal 2026 have increased by 2.2% to $11.26, and for fiscal 2027, estimates have risen by 5.2% to $14.88 [14]. Group 5: Strategic Initiatives - Seagate's Lyve Cloud expansion strategy aims to address the growing need for unstructured data management, partnering with Acronis to offer secure archival storage solutions [9]. - The company is working closely with data center customers to expedite the qualification of its high-capacity drives, indicating strong demand visibility into 2027 [8]. Group 6: Valuation Metrics - Seagate's shares currently trade at a price/earnings ratio of 24.26 for forward earnings, compared to 17.73 for the industry [16]. - The combination of strong demand and constrained supply has allowed Seagate to expand margins and generate robust free cash flow, which is attractive to investors [17].

Key Points The demand for data storage is increasing at an incredible pace thanks to AI adoption in the cloud. The price of data storage products has been increasing due to a shortage of supply. Seagate Technology is experiencing healthy growth thanks to favorable end-market dynamics. 10 stocks we like better than Seagate Technology Plc › Nvidia has been one of the top artificial intelligence (AI) stocks on the market over the past three years, with shares rising by an incredible 1,220%. However, ...

Core Insights - Seagate Technology is showcasing advanced storage solutions at Intersec 2026, focusing on AI-driven video analytics that transform data into actionable intelligence [1] - The company emphasizes the importance of mass-capacity storage to support the growing demand for video data analytics across various industries [4] Industry Trends - AI applications in video image analytics are leading to significant data growth, with over 75% of organizations expecting their video data to double in the next five years [2] - New use cases for video data are emerging, including investigations, automated alerts, compliance, and operational insights [2] Company Developments - Seagate is introducing its 32TB hard drives across its Exos®, SkyHawk® AI, and IronWolf® Pro portfolios to meet the increasing demand for data storage [3] - The company’s hard drives are designed to deliver high capacity, performance, and scalability, enabling efficient storage and processing of large data volumes [3] Product Information - The 32TB hard drives are available starting January 14, with recommended retail prices of $699.99 for SkyHawk AI, $729.99 for Exos, and $849.99 for IronWolf Pro [5] - Key features of the drives include support for extensive video storage, high workload ratings, and reliability enhancements such as health management and data recovery services [10]

Group 1 - The core viewpoint of the article highlights an unprecedented supply shortage in the global memory market driven by the rapid development of AI infrastructure, despite high demand from PC and smartphone manufacturers [1] - Major tech companies like Amazon, Google, Microsoft, and Meta are projected to have a combined capital expenditure of $407 billion in 2025, increasing to $523 billion in 2026, which is fueling demand for NAND Flash and HDD [2] - The memory industry is experiencing a generational supply-demand imbalance, with the total shipment growth rate for NAND Flash and HDD expected to reach 19% over the next four years, significantly higher than the past decade's average of 14% [2] Group 2 - Memory manufacturers are exercising extreme restraint in increasing production capacity due to past painful losses and a cautious strategy influenced by Wall Street, despite the current high prices and shortages [3] - Micron recently achieved record quarterly sales and operating profits, while Samsung anticipates a threefold increase in operating profit for Q4 2024 compared to the same period in 2023 [2] - Analysts believe that memory chip and HDD prices will remain high through 2026, and if demand continues to be strong, the current upward cycle could last for several years [4]

Summary of Key Points from Conference Call Records Industry Overview: Semiconductors Core Insights - **Sustained WFE Growth**: The semiconductor industry is expected to see an 11% year-over-year (YoY) growth in wafer fabrication equipment (WFE) by 2026, driven by transitions in leading-edge logic and DRAM due to AI datacenter expansions [1][6][10]. - **Memory Market Dynamics**: The NAND supply/demand balance has tightened significantly, with price increases anticipated through 2026, supported by strong SSD demand from hyperscalers and enterprises [1][6]. - **Investor Expectations**: Elevated investor expectations following strong third-quarter results mean that upcoming earnings and guidance must meet high standards [1][7]. Company-Specific Insights Applied Materials (AMAT) - **Rating**: Buy - **Outlook**: Expected upside in guidance due to improved memory spending outlook, with a focus on DRAM and foundry/logic segments [2][6]. - **Financial Estimates**: Anticipated 1% revenue upside for the quarter and 4% quarter-over-quarter (QoQ) revenue improvement, with non-GAAP EPS estimates 8% above consensus for CY26 [8][10]. Entegris (ENTG) - **Rating**: Sell - **Concerns**: Cautious outlook due to margin headwinds and limited growth from fab construction-related CapEx, which constitutes about 25% of revenue [3][58]. - **Financial Estimates**: Expected 2% revenue downside for the quarter, with guidance for flattish revenue QoQ [60]. Lam Research (LRCX) - **Rating**: Buy - **Focus Areas**: Investors are expected to concentrate on DRAM spending and NAND upgrades, with modest revenue upside anticipated for the quarter [16][18]. - **Financial Estimates**: Expected 2% revenue upside for the quarter, with non-GAAP EPS estimates 1% above consensus for CY26 [17]. KLA (KLAC) - **Rating**: Neutral - **Investor Focus**: Management's view on process control intensity and growth expectations for 2026 WFE will be critical [24][26]. - **Financial Estimates**: Anticipated over 1% revenue upside for the quarter, with guidance for flat revenue QoQ [25]. MKS Instruments (MKSI) - **Rating**: Sell - **Outlook**: Focus on 2026 WFE expectations and chemistry momentum, with a balanced investor positioning [32][34]. - **Financial Estimates**: Expected 1% revenue upside for the quarter, with guidance for slight revenue growth QoQ [33]. Teradyne (TER) - **Rating**: Buy - **Key Focus**: Sustainability of semi-test growth and Merchant GPU qualification progress [40][43]. - **Financial Estimates**: Expected 2% revenue upside for the quarter, with non-GAAP EPS estimates 13% above consensus for CY26 [42]. Qnity (Q) - **Rating**: Buy - **Investor Focus**: Wafer start recovery and operational execution will be key areas of interest [49][52]. - **Financial Estimates**: Expected 2% revenue upside for the quarter, with guidance for flattish revenue QoQ [51]. SanDisk (SNDK) - **Rating**: Buy - **Focus Areas**: Sustainability of NAND pricing growth and enterprise SSD qualification momentum [66][68]. - **Financial Estimates**: Expected 2% revenue upside for the quarter, with non-GAAP EPS estimates 9% below consensus for CY26 [67]. Seagate (STX) - **Rating**: Buy - **Investor Focus**: Sustainability of HDD pricing growth and HAMR production ramp [73][75]. - **Financial Estimates**: Expected 1% revenue upside for the quarter, with guidance for flattish revenue QoQ [74]. Additional Considerations - **CapEx Monitoring**: Investors are advised to closely monitor CapEx revisions from leading foundry and memory players, as well as signs of wafer start recovery, which could create upside for select suppliers [1][19]. - **China Exposure**: Continued focus on China exposure and its implications for revenue growth in 2026 remains a critical point for investors [9][26]. This summary encapsulates the key insights and financial expectations from the semiconductor industry and specific companies, highlighting potential investment opportunities and risks.

Market Overview - Investors should not overreact to uneventful unemployment data, as it allows for a focus on broader market trends and rallies beyond last year's winners [1] - Money is aggressively rotating into overlooked sectors, particularly data storage stocks, which have seen significant rallies while former market leaders struggle [2] Company Insights - Apple and Nvidia have not performed well despite strong underlying businesses, as they have become sources of funds for investors seeking new opportunities [3] - Upcoming earnings season is expected to start strong with JPMorgan Chase, although caution is advised regarding CEO Jamie Dimon's potential risk emphasis [6] - Delta Air Lines is anticipated to report strong results, with banks like Citigroup, Wells Fargo, Bank of America, Goldman Sachs, and Morgan Stanley also expected to perform well [7] Economic Indicators - The December consumer price index will be more significant than recent labor data, with signs of persistent inflation impacting consumer sentiment and presidential policies [5] - The JPMorgan Healthcare Conference is expected to generate merger-and-acquisition activity, with interviews of pharmaceutical executives planned [4] Sector Focus - Attention is on Taiwan Semiconductor Manufacturing Company, which may influence Nvidia's stock performance [8] - Transport stocks are also in focus, with expectations that a solid report from J.B. Hunt will support a bullish outlook on FedEx [9]

Seagate Technology Holdings plc (NASDAQ:STX) is one of the Best Unstoppable Growth Stocks to Buy Right Now. Seagate Technology Holdings plc (NASDAQ:STX) has risen more than 4.90% since the start of 2026. The recent gain marks the continuation of a more than 225% increase in the share price of the company in 2025. On January 5, Reuters reported that the shares of memory chip providers rose on January 2 as investors continued to bet on further price gains due to the increasing demand from AI infrastructure ...

每经AI快讯，1月8日，美股存储概念普跌，西部数据跌超8%，美光科技、希捷科技跌超3%。 （文章来源：每日经济新闻） ...