Seagate Technology Holdings Plc (STX) Presents At Goldman Sachs Communicopia + Technology Conference 2025 (Transcript)

Industry Overview - The industry has significantly improved over the last 18 months, characterized by higher utilization and a substantial recovery in pricing [1] - Key elements driving this improvement include a shift in data management from on-premises to cloud solutions, which surged during the COVID pandemic [2] Impact of COVID-19 - During the COVID pandemic, many companies transitioned their data to the cloud, leading to increased cloud consumption [2] - As the COVID situation improved, there was a slight reduction in the growth rate of cloud consumption [3]