Core Viewpoint - Pure Storage, Inc. (PSTG) is expected to report a decline in earnings for the first quarter of fiscal 2026, while total revenues are projected to grow year-over-year [1][2]. Financial Performance - The Zacks Consensus Estimate for earnings in the upcoming quarter is 25 cents, reflecting a 21.9% decrease from the same quarter last year [1]. - Total revenues are estimated at $771.2 million, indicating an 11.2% year-over-year growth [1]. - For the first quarter, Pure Storage anticipates revenues of $770 million, which represents an 11% increase from the previous year [2]. Revenue Breakdown - Subscription services revenues accounted for 43.8% of total revenues in the last reported quarter, amounting to $385.1 million, which was a 17% increase [3]. - For the fiscal first quarter, Subscription services revenues are expected to be $358.5 million, up 3.6% year-over-year [3]. Product and Market Developments - The adoption of FlashArray//XL and FlashArray//E, along with strong Evergreen subscription renewals, is likely to contribute positively to PSTG's performance [3]. - Recent product launches, including the second-generation Pure Fusion and enhancements to the Portworx platform, are expected to drive enterprise adoption, particularly for cloud-native and AI/ML workloads [4]. Margin Expectations - Pure Storage expects product gross margins to stabilize in the mid-60s for fiscal 2026, aligning with its long-term target of 65-70% [5]. Competitive Landscape - The company faces stiff competition and an uncertain macroeconomic environment, with geopolitical uncertainties expected to impact the market throughout the year [6]. Strategic Partnerships - On April 21, 2025, Pure Storage partnered with Varonis Systems to enhance data protection capabilities for organizations [7]. - The incorporation of the NVIDIA AI Data Platform reference design into its FlashBlade platform reinforces Pure Storage's commitment to scalable AI-ready solutions [8]. - The upcoming launch of FlashBlade//EXA, designed for AI and High-Performance Computing (HPC), is set for summer 2025 [9].

Core Viewpoint - Seagate Technology Holdings plc (NASDAQ: STX) is recognized as a leading supplier of hard disk drives (HDDs), which are essential for data storage in large-scale data centers, holding nearly 90% of the data in these facilities [1] Group 1: Company Overview - Seagate is a major player in the HDD market, with its products being critical for data storage solutions [1] - The company benefits from the fact that over 80% of data in large-scale data centers is stored on HDDs, highlighting the importance of its technology in the industry [1]

Group 1 - Seagate Technology Holdings plc held its 2025 Investor and Analyst Conference Call on May 22, 2025, at 9:00 AM ET [1] - The event featured key company participants including Shanye Hudson (Senior Vice President, Investor Relations), Dave Mosley (CEO), and Gianluca Romano (CFO) [1] - The conference call included participation from various analysts representing firms such as Morgan Stanley, TD Cowen, and Wells Fargo Securities [1]

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.25 per share, reflecting a decline of 21.9% year-over-year, while revenues are forecasted to reach $771.15 million, an increase of 11.2% year-over-year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [2] Analyst Forecasts - Analysts estimate 'Revenue- Product' to be $370.97 million, indicating a 6.8% increase from the previous year [4] - 'Revenue- Subscription services' is projected to be $391.59 million, reflecting a 13.1% increase year-over-year [4] - 'Geographic Revenue- Rest of the world' is expected to reach $220.50 million, a significant increase of 36% from the year-ago quarter [5] - 'Non-GAAP Gross profit- Subscription services' is anticipated to be $297.86 million, up from $259.12 million in the same quarter last year [5] - 'Non-GAAP Gross profit- Product' is estimated at $241.54 million, down from $253.04 million in the previous year [6] Stock Performance - Pure Storage shares have increased by 24.2% over the past month, outperforming the Zacks S&P 500 composite, which rose by 10.7% [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7]

Core Viewpoint - NetApp (NTAP) is expected to report quarterly earnings of $1.89 per share, reflecting a 5% increase year-over-year, with revenues projected at $1.73 billion, a 3.4% increase from the previous year [1]. Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2]. Key Metrics Overview - Analysts project 'Net revenues- Services' to reach $893.66 million, indicating a 3.7% increase year-over-year [4]. - 'Net revenues- Product' is expected to be $831.32 million, reflecting a 3.1% increase from the previous year [4]. - 'Net revenues- Public Cloud' is forecasted at $169.80 million, showing an 11.7% increase year-over-year [4]. - 'Net revenues- Hybrid Cloud' is anticipated to reach $1.56 billion, a 2.6% increase from the previous year [5]. - 'Geographic Revenue- United States, Canada and Latin America' is projected at $877.61 million, a 3.5% increase year-over-year [5]. - 'Geographic Revenue- Asia Pacific' is expected to be $262.60 million, reflecting a 3.4% increase from the previous year [5]. - 'Geographic Revenue- Europe, Middle East and Africa' is estimated at $583.11 million, indicating a 3% increase year-over-year [6]. Margin and Revenue Changes - 'Gross margin - Product - Non-GAAP' is expected to be 56.2%, down from 61.3% in the same quarter last year [6]. - 'Gross margin - Services - Non-GAAP' is projected at 82.0%, compared to 81% in the previous year [7]. - Total Revenue is expected to change by 3.3%, down from 6% in the same quarter last year [7]. - 'Geographic Mix - Asia Pacific' is estimated at 15.2%, slightly up from 15% year-over-year [7]. - 'Geographic Mix - Americas' is projected at 50.9%, down from 51% in the same quarter last year [8]. Stock Performance - NetApp shares have increased by 13.2% over the past month, outperforming the Zacks S&P 500 composite, which rose by 10.7% [8].

[中国，深圳，2025年5月21日] 近日，华为成功举办2025深圳政企商业市场存储新品推介会。本次活动 以"先进存储在鹏城，成就商业好生意"为主题，诚邀深圳地区合作伙伴齐聚一堂，感受数字技术的澎湃 动力，共享数字经济的发展红利，抢抓时代发展的数智机遇，共赢商业好生意。 AI数据爆发催生存储变革 华为全场景方案加速"闪存普惠"时代到来 随着AI大模型训练数据量爆发式增长，企业非结构化数据处理需求激增，存储产业正迎来智能化升级 的关键拐点。华为深圳政企数据存储解决方案销售部部长贾飞在开场致辞中指出，AI驱动数据价值不 断提升，存储产业大有可为，华为持续创新，推出高性能文件存储、超融合、AI推理平台及数据备份 等一系列产品与解决方案，助力伙伴抓住新机遇，进一步做大存储产业市场空间。 华为深圳政企数据存储解决方案销售部部长贾飞发表致辞 华为存储产品线商业市场营销总监蓝文海发表演讲 超融合引领IT基础设施变革 华为虚拟化一体机助力行业数字化转型 企业数字化转型加速，IT基础设施复杂性逐渐增加，超融合技术以其轻量高效、安全可靠和智能管理的 特点，成为构建IT基础设施的主流模式。华为DCS&超融合高级营销经理庞博伟表示， ...

Seagate (STX) 2025 Investor Day Summary Company Overview - Seagate has been in the hard drive industry for 45 years, focusing on data storage solutions for devices and cloud services [16][14][12] - The company shipped 550 exabytes of data in the past year, which is approximately half a zettabyte, enough to store two-thirds of the data on the world's cell phones [16][12] Industry Insights - The growth of data is a central theme, with projections indicating a mid-twenties compound annual growth rate (CAGR) for data centers over the next decade [23][12] - The world is expected to generate 72 zettabytes of data annually by 2020, with most data not being stored or utilized [21][22] - Nearline storage in data centers is projected to require 7.2 zettabytes of new data over the next four years, surpassing the storage capacity needed in the last decade [24][23] Technology Developments - Seagate is transitioning from perpendicular magnetic recording (PMR) to heat-assisted magnetic recording (HAMR) technology, which will significantly increase storage capacity [46][81] - The introduction of HAMR allows for a jump from 30 terabyte drives to 50 terabyte drives, with expectations to ship 50 terabyte drives by 2028 [47][46] - The company is currently in volume production of Mosaic three technology, which supports three terabytes per disk, and is preparing for Mosaic four, which will support four terabytes per disk [78][95] Financial Performance - Seagate has achieved a 10% uplift in gross margin since the last Analyst Day and has generated $4 billion in free cash flow [69][70] - The company has returned $7 billion in value to shareholders through dividends and share buybacks, including an 11% increase in dividends [69][70] - Seagate has authorized an additional $5 billion for share buybacks, reflecting confidence in long-term growth [70][71] Market Positioning - The company maintains a build-to-order model for 70% of its data center volume, ensuring a disciplined approach to supply and demand [66][67] - Seagate is focusing on both cloud and edge data storage solutions, recognizing the importance of data sovereignty and local data centers [36][37][38] Customer Insights - Customers emphasize the total cost of ownership (TCO) benefits of hard drives compared to solid-state drives (SSDs), with hard drives being six to seven times more cost-effective [74][75] - The demand for higher capacity hard drives is driven by the need for efficient data storage solutions in data centers [75] Future Outlook - Seagate anticipates continued growth in data storage needs driven by emerging applications, particularly in AI and video content [30][31][32] - The company is confident in its ability to innovate and meet future storage demands, with plans for further advancements in technology and capacity [70][71][106]

Group 1 - Lenovo Group reported a revenue of 498.5 billion RMB for the fiscal year ending March 31, 2025, marking a strong year-on-year growth of 21.5% and achieving the second-highest revenue in history [1] - The company's profit increased at a faster rate, with a year-on-year growth of 36% [1] - In Q4, the Infrastructure Solutions Group (ISG) generated revenue of 29.96 billion RMB, reflecting a significant year-on-year increase of 63%, and achieved profitability for the second consecutive quarter [2] Group 2 - The ISG's annual revenue reached 104.8 billion RMB, with a remarkable year-on-year growth of 63% and a substantial improvement in profitability [2] - The cloud infrastructure (CSP) business saw a revenue increase of 92% year-on-year, while enterprise infrastructure (E/SMB) revenue grew by 20%, setting a historical high [2] - The Neptune liquid cooling solutions revenue surged by 68% year-on-year, and the AI server business experienced rapid growth, expanding into strategic sectors such as high-frequency trading, new energy, and smart healthcare [2] Group 3 - IDC forecasts that the global infrastructure market will grow by 18% to reach 265 billion USD by 2025, with the AI server market projected to reach 147.2 billion USD, reflecting a compound annual growth rate of 18% from 2024 to 2027 [2] - The acceleration of generative AI and multimodal models is expected to drive continued investment in enterprise-level AI infrastructure, leading to increased demand for computing power and storage solutions [2] - Moving forward, ISG will maintain its strategy of solidifying the "cloud infrastructure + expanding enterprise infrastructure" model, optimizing product structure, and enhancing market sales capabilities [2]

Market Overview - Major market indexes closed lower, with the Dow down 816 points (-1.91%), S&P 500 down 95 points (-1.61%), Nasdaq down 270 points (-1.41%), and Russell 2000 down 55 points (-2.63%) [1] Bond Market Impact - A sell-off in bonds occurred due to the U.S. government's plans for a major tax cut bill, contributing to an increase in Treasury yields: 10-year yields rose to +4.59%, 2-year yields to +4.01%, and 30-year yields exceeded +5% [2] AI Industry Developments - Jony Ive's AI startup io is being acquired by OpenAI for $6.4 billion, leading to a decline in Apple’s stock price by 2.3%, indicating increased competition in AI design and implementation [3] Company Earnings Reports - Urban Outfitters (URBN) reported Q1 earnings of $1.16 per share, surpassing expectations of 81 cents, with revenues of $1.33 billion exceeding the consensus of $1.29 billion; shares rose by 9% after hours [4] - Snowflake (SNOW) reported earnings of 24 cents per share, beating expectations by 2 cents, with quarterly sales of $1.04 billion, surpassing the anticipated $1.00 billion; shares gained 7% [4] - Zoom Communications (ZM) reported earnings of $1.43 per share, exceeding the consensus of $1.30, with revenues of $1.17 billion slightly above expectations; shares initially jumped but moderated afterward [5] Upcoming Economic Reports - Anticipated economic reports include Weekly Jobless Claims, S&P flash Services and Manufacturing PMI, and Existing Home Sales, with expectations for steady jobless claims, lower PMI results, and slightly higher home sales month over month [6]

Group 1 - Western Digital Corporation (NASDAQ: WDC) has experienced a significant decline followed by a rally since its lows in April [1] - The company is being evaluated for its performance and future outlook, particularly for long-term investors with a 5-10 year horizon [1] - The investment strategy discussed emphasizes a portfolio mix of growth, value, and dividend-paying stocks, with a focus on value [1]