Seagate(US:STX) 智通财经网·2025-10-29 14:19Core 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]