Seagate Technology Holdings PLC (NASDAQ:STX) is 16.5% higher to trade at $260, after the computer hardware company reported adjusted fiscal first-quarter earnings of $2.61 on $2.63 billion in revenue, both of which topped analyst estimates. The company also hiked its Q2 forecast, citing a profitable cycle and tight supply chain. Seven analysts have hiked their price targets in response, including Mizuho and Wedbush to $290.The report has sector peers Western Digital (WDC) and SanDisk (SNDK) both confidently ...

Core Viewpoint - The storage sector in the US stock market experienced significant gains, driven by strong earnings reports from key companies, indicating a positive outlook for the industry amid rising storage chip prices and anticipated growth due to artificial intelligence trends [1] Company Summaries - Seagate Technology (STX.US) reported Q1 revenue of $2.63 billion for fiscal year 2026, a 21% year-over-year increase, surpassing market expectations of $2.55 billion; non-GAAP EPS was $2.61, up 65% year-over-year, exceeding expectations by $0.21 [1] - Western Digital (WDC.US) saw its stock rise over 11%, while SanDisk (SNDK.US) increased by over 9%, reflecting positive market sentiment following Seagate's earnings report [1] - Micron Technology (MU.US) and Rambus (RMBS.US) also experienced stock price increases of over 3%, indicating a broader positive trend in the storage sector [1] Industry Insights - The revenue guidance for Seagate's Q2 of fiscal year 2026 is projected at $2.7 billion, representing a 25% year-over-year growth, with an expected EPS of $2.75 and an operating margin of approximately 30%, suggesting continued sequential growth momentum [1] - Global storage chip prices have been on the rise for the past six months, contributing to a favorable market environment for storage companies [1] - According to Morgan Stanley's research, the storage chip industry is expected to enter a "super cycle" driven by the ongoing artificial intelligence boom, indicating strong future demand [1]

Core Viewpoint - The U.S. storage sector is experiencing significant gains, driven by strong earnings reports from major companies like Seagate Technology and Western Digital, alongside a bullish outlook for the storage chip industry due to rising prices and anticipated demand from artificial intelligence [1] Company Summaries - Seagate Technology reported Q1 revenue of $2.63 billion for fiscal year 2026, a 21% year-over-year increase, surpassing market expectations of $2.55 billion [1] - Seagate's non-GAAP earnings per share reached $2.61, reflecting a 65% year-over-year growth, exceeding expectations by $0.21 [1] - For Q2 of fiscal year 2026, Seagate provided revenue guidance of $2.7 billion, indicating a 25% year-over-year increase, with earnings per share projected at $2.75 and an operating margin of approximately 30% [1] - Western Digital's stock rose over 11%, while SanDisk and Micron Technology also saw significant gains, indicating a positive market response to the storage sector's performance [1] Industry Insights - The global storage chip prices have been on the rise for the past six months, contributing to the overall positive sentiment in the storage sector [1] - According to Morgan Stanley's research, the storage chip industry is expected to enter a "super cycle" driven by the ongoing artificial intelligence boom [1]

Core Viewpoint - Seagate Technology's stock surged by 16.6% following the announcement of a revenue growth target of 16% for Q2 of fiscal year 2026, supported by the promotion of its HAMR drives [1] Financial Performance - The company reported a strong start to fiscal year 2026, with a year-over-year revenue increase of 21% [1]

Core Insights - Seagate Technology shares surged by 13%, Western Digital increased by over 8%, and SanDisk rose by over 7%, indicating a positive market reaction in the storage technology sector [1][3]. Company Summaries - **Samsung Electronics**: Market cap not specified, year-to-date increase of 87%, recognized as the largest global manufacturer of NAND flash and DRAM, producing consumer and enterprise SSDs and storage services [3]. - **Micron Technology**: Market cap of $247.1 billion, year-to-date increase of 162%, a major player in storage chips covering DRAM, NAND flash, and SSDs across various sectors [3]. - **SK Hynix**: Market cap of $246.4 billion, year-to-date increase of 195%, a leading South Korean storage chip manufacturer with a focus on DRAM and NAND flash for consumer electronics and data centers [3]. - **Western Digital**: Market cap not specified, year-to-date increase of 1820%, specializes in traditional HDDs, SSDs, and memory chips for consumer and enterprise storage solutions [3]. - **Kioxia**: Market cap of $33.7 billion, year-to-date increase not specified, a key global NAND flash manufacturer focusing on 3D flash technology and providing SSDs and embedded storage [3]. - **Pure Storage**: Market cap of $31.4 billion, year-to-date increase of 55%, known for all-flash storage solutions with a focus on high performance and low latency for data centers and cloud-native storage [3]. - **SanDisk**: Market cap of $25.9 billion, year-to-date increase of 1066%, offers flash storage solutions including SSDs and memory cards, set to operate independently post-2025 [3]. - **Rambus**: Market cap not specified, year-to-date increase of 115%, supplies storage interface chips and IP, recently launched DDR5 memory solutions [3]. - **Seagate Technology**: Market cap of $9.2 billion, year-to-date increase of 171%, a leading HDD manufacturer also involved in SSDs and enterprise storage systems, focusing on cloud data center and edge storage needs [3].

Core Insights - Seagate Technology Holdings PLC reported better-than-expected first-quarter earnings, with earnings per share (EPS) of $2.61, surpassing the analyst estimate of $2.37, and quarterly revenue of $2.62 billion, exceeding the Street estimate of $2.54 billion [1][2] Financial Performance - The company experienced a revenue growth of 21% year-over-year in the September quarter, with non-GAAP EPS exceeding the high end of the guided range [2] - For the second quarter, Seagate projects adjusted EPS between $2.55 and $2.95, compared to the previous estimate of $2.62, and revenue is expected to be in the range of $2.6 billion to $2.8 billion, against the prior estimate of $2.65 billion [2] Stock Market Reaction - Following the earnings announcement, Seagate shares rose by 13.5%, trading at $253.00 [3] - Analysts have adjusted their price targets for Seagate, with Rosenblatt maintaining a Buy rating and raising the target from $250 to $270, while Barclays maintained an Equal-Weight rating and increased the target from $200 to $240 [5]

Market Overview - U.S. stock futures showed mixed performance following a previous advance, with Dow Jones down 0.25%, S&P 500 up 0.16%, Nasdaq 100 up 0.39%, and Russell 2000 down 0.18% [3] - The 10-year Treasury bond yielded 3.99% while the two-year bond was at 3.50% [3] Federal Reserve and Interest Rates - Investors are anticipating a 25 basis points cut in interest rates by the Federal Reserve, with a 99.9% likelihood projected by the CME Group's FedWatch tool [2] Company Earnings Reports - Microsoft Corp. is expected to report earnings of $2.97 per share on revenue of $10.61 billion [7] - Alphabet Inc. is projected to report earnings of $2.32 per share on revenue of $99.64 billion [6] - Meta Platforms Inc. is anticipated to report earnings of $8.11 per share on revenue of $57.21 billion [7] - Teradyne Inc. surged 20.91% after reporting better-than-expected third-quarter earnings [7] - Seagate Technology Holdings PLC shares climbed 7.17% after beating expectations in its first-quarter earnings report [7] Sector Performance - Consumer discretionary and information technology sectors gained on Tuesday, while real estate, utilities, and energy sectors recorded the largest losses [5] Analyst Insights - Analysts at BlackRock maintain a positive outlook on the economy and stock market, expecting Federal Reserve rate cuts to support risk assets [9] - BlackRock is overweight on U.S. equities, citing rate cuts and the impact of artificial intelligence on corporate earnings as key factors [10]

| STX 希捷科技 | | | | --- | --- | --- | | 223.000 ↓ -7.320 -3.18% | | 收盘价 10/28 16:00 美东 | | 238.180↑ 15.180 +6.81% | | 盘前价 10/29 04:53 美东 | | = Z1 4 5 P P ■ ♥ 白 ♥ 白 ♥ 白 ♥ 白 ♥ 白 ● 白 ● 白 ● 白 | | ● 快捷交易 | | 最高价 230.000 | 开盘价 229.180 | 成交量 650.1万 | | 最低价 217.670 | 昨收价 230.320 | 成交额 14.57亿 | | 平均价 224.122 | 市盈率 M 28.63 | 总市值 477.22亿元 | | 振 幅 5.35% | 市盈率(静) 32.94 | 总股本 2.14亿 | | 换手率 3.07% | 市净率 -758.503 | 流通值 472.58亿 | | 52周景高 264.830 | 委 比 25.00% | 流通股 2.12亿 | | 52周最低 62.659 | 量 比 1.80 | 色 手 1股 | | 历史最高 264.830 | ...

28 October 2025 | 4:20PM EDT Equity Research Seagate Technology (STX): First Take: Strong beat-and-raise quarter should send shares higher Key stock takeaways: We expect the stock to trade higher following a quarter which was above the Street, with stronger EPS guidance primarily driven by pricing. We believe investor expectations were elevated given growing confidence in continued pricing momentum as HDD shortages persist. We expect investors to focus on critical elements of management's commentary on the ...

Core Insights - Seagate Technology (NASDAQ: STX) reported Q1 earnings that significantly exceeded expectations, indicating strong demand for high-capacity storage solutions linked to AI infrastructure development [1] Financial Performance - The company delivered a commanding earnings beat, showcasing robust financial health and operational efficiency [1] Market Demand - The results signal a growing demand for high-capacity storage, particularly in relation to the ongoing buildout of AI infrastructure [1]