Seagate Technology Holdings plc (STX) Bank of America Securities 2025 Global Technology Conference (Transcript)

Company Overview - Seagate Technology Holdings plc participated in the Bank of America Securities 2025 Global Technology Conference, with CFO Gianluca Romano representing the company [1]. Industry Insights - The industry has experienced a significant change characterized by a better alignment between exabyte growth and revenue growth, which has not been observed in the past [3]. - Historically, while exabyte growth was strong, revenue growth did not match due to an oversupply situation in the industry [3]. Business Transition - The company is transitioning from a significant client business to a crucial cloud business, starting from a low base of exabyte numbers, which has taken several years to develop [4].