Seagate (STX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often ...

Seagate Technology Holdings plc (STX) reported third-quarter fiscal 2024 non-GAAP earnings of 33 cents per share, beating the Zacks Consensus Estimate by 22.2%. The company reported non-GAAP loss of 28 cents per share in the year-ago quarter.Management anticipated third-quarter fiscal 2024 non-GAAP earnings to be 25 cents (+/- 20 cents).Non-GAAP revenues of $1.655 billion missed the Zacks Consensus Estimate by 0.7%. The figure declined 11% on a year-over-year basis. However, revenues improved 6% sequentiall ...

财务数据和关键指标变化 - 公司Q3营收为16.6亿美元,环比增长6% [23] - 非GAAP毛利润为4.32亿美元,环比增长18% [23][25] - 非GAAP毛利率为26.1%,环比提升约250个基点 [25][26] - 非GAAP营业利润为1.83亿美元,环比增长44% [23] - 非GAAP净利润为0.71亿美元,环比增长近3倍 [27] - 非GAAP每股收益为0.33美元,环比增加0.21美元 [23] 各条业务线数据和关键指标变化 - 硬盘存储业务收入为15亿美元,环比增长7% [24] - 大容量存储市场收入为12亿美元,环比增长11% [24] - 近线存储产品出货量为72EB,环比增长 [24] - VIA市场收入环比有所下降,预计将在全年内回升 [13][24] - 传统产品收入为2.97亿美元,环比下降 [24] - 非硬盘存储业务收入为1.78亿美元,基本持平 [24] 各个市场数据和关键指标变化 - 云存储市场连续两个季度实现强劲的双位数收入增长 [11] - 企业OEM市场需求在下半年开始企稳,Q3有所改善 [12] - VIA市场Q3为全年低点,预计将回归正常季节性模式 [13][24] - 中国市场VIA及其他硬盘存储需求的恢复速度和幅度将取决于经济复苏 [14] 公司战略和发展方向及行业竞争 - 公司正在同时推进两款高容量产品的认证和量产计划,包括最后一款PMR产品和首款HAMR产品 [16][18] - HAMR产品路线图明确,可达到至少50TB的容量,为客户提供更好的总拥有成本和可持续性 [18] - HAMR技术有望使公司的毛利率超出现有目标区间 [19] - 公司正在与客户建立"按需生产"模式,提高供给预测性和可靠性 [15] - 公司认为HAMR技术能够很好地满足AI等应用对大容量存储的需求 [20] 管理层对经营环境和未来前景的评论 - 云存储市场需求持续改善,预计全年保持健康增长 [11] - 企业OEM市场需求有所改善,预计随着服务器出货增长而继续好转 [12] - VIA市场需求有望在全年内回归正常季节性模式 [13] - 中国市场需求恢复速度取决于经济复苏,政府刺激计划有望带来利好 [14] - 公司有信心在全年内实现毛利率30%以上的目标 [26] - 公司有信心随着HAMR产品逐步放量,未来毛利率有望进一步提升 [19][21] 问答环节重要的提问和回答 问题1 **Erik Woodring 提问** 关于HAMR产品的机械部件问题和后续计划 [39][40] **Dave Mosley 回答** 公司已经解决了机械部件问题,并有备用供应商,不会影响后续HAMR产品的推进计划 [40] 问题2 **Amit Daryanani 提问** 关于云存储需求恢复的速度和持续性 [43][44] **Dave Mosley 和 Gianluca Romano 回答** 公司看好云存储需求的恢复,但产能利用率还未完全恢复,公司将继续执行按需生产策略 [44][45][46] 问题3 **Aaron Rakers 提问** 关于公司定价策略对毛利率的影响 [49][50] **Gianluca Romano 回答** 公司在过去几个季度持续通过定价调整和产品组合改善来提升毛利率,未来仍有进一步提升空间 [50][51]

财务表现 - Seagate (STX)报告的2024年3月季度营收为16.6亿美元，同比下降11%[1] - 公司报告的营收与Zacks共识预期的16.7亿美元相比，出现-0.68%的惊喜[2] - 每股收益为0.33美元，与一年前的-0.28美元相比[1] 出货量表现 - 出货量-大容量为88.5 EB，比预期低[5] - 出货量-总计为99.1 EB，比预期低[5] - 出货量-传统为10.6 EB，比预期低[5] 产品线营收 - HDD产品线营收为14.8亿美元，同比下降7.9%[6] - 企业数据解决方案、SSD和其他产品线营收为1.78亿美元，同比下降30.5%[7] - HDD-大容量产品线营收为11.8亿美元[8] - HDD-传统产品线营收为2.97亿美元[9] 股票表现 - 过去一个月中，Seagate股票回报-3.4%，Zacks标普500综合指数变化为-4.2%[10] - 目前股票的Zacks排名为3（持有），表明在短期内可能与整体市场表现一致[10]

财务表现 - Seagate (STX)在本季度每股盈利为0.33美元，超过了Zacks Consensus Estimate的0.27美元，与去年同期每股亏损0.28美元相比有所改善[1] - 过去四个季度中，Seagate已经三次超过了市场预期的每股收益[2] - Seagate在2024年3月结束的季度营收为16.6亿美元，低于Zacks Consensus Estimate，与去年同期的18.6亿美元相比有所下降[3] 市场反应 - 公司管理层在财报电话会议上的评论将对股价走势产生重要影响[4]

Exhibit 99.1 Investor Relations Contact: Shanye Hudson, (510) 661-1600 shanye.hudson@seagate.com Media Contact: Agnieszka Zielinska, (503) 380-0948 agnieszka.zielinska@seagate.com SEAGATE TECHNOLOGY REPORTS FISCAL THIRD QUARTER 2024 FINANCIAL RESULTS Fiscal Q3 2024 Highlights • Revenue of $1.66 billion • GAAP diluted earnings per share (EPS) of $0.12; non-GAAP diluted EPS of $0.33 • Cash flow from operations of $188 million and free cash flow of $128 million • Declared cash dividend of $0.70 per share FREMO ...

JHVEPhoto Thesis Seagate Technology Holdings plc (NASDAQ:STX) is at the forefront of the market for solving mass-capacity storage problems. With breakthrough technologies, its product portfolio consists of storage devices, systems, and services from edge to cloud for OEMs, distributors, retailers, and institutions. As of 04/12/24, STX's stock price was $85.19. Recently, Seagate provided forward guidance stating that its new Mozaic platform will undergo volume scaling. In response, I believe its Mozaic platf ...

Investors are always looking for stocks that are poised to beat at earnings season and Seagate Technology Holdings plc (STX) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Seagate Technologyis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possibl ...

预测盈利 - Seagate（STX）预计将在下一份报告中发布每股盈利为0.25美元，同比去年同期增长189.3%[1] - 预计营收将为16.5亿美元，同比下降11.6%[1] - 过去30天，季度的共识每股收益预期已经上调了11.3%[2] - 在公司公布盈利之前，考虑到盈利预期的任何变化是预测投资者对股票的潜在反应的一个重要因素[3] 产品线收入预测 - 分析师们预测“硬盘驱动器（HDD）产品线的收入”将达到14.7亿美元，同比下降8.4%[6] - 预计“企业数据解决方案、固态硬盘和其他产品线的收入”将达到1.7592亿美元，同比下降31.3%[7] 出货容量和价格预测 - 分析师们的综合评估表明，“大容量出货-大容量”可能达到90.22 EB，与去年同期的104.1 EB相比[8] - 分析师们的综合评估指出，“每TB硬盘驱动器的价格”预计为14.28美元，与去年同期的14美元相比[9] - 根据分析师的平均预测，“总出货容量”应该达到101.93 EB，与去年同期的118.7 EB相比[10] - 分析师的平均预测将“传统出货容量”定为11.72 EB，与去年同期的14.6 EB相比[11]

Seagate Technology Holdings plc (STX) is scheduled to report third-quarter fiscal 2024 earnings on Apr 23.The Zacks Consensus Estimate for the earnings is pegged at 25 cents per share. STX reported a loss of 28 cents per share in the prior-year quarter. The consensus estimate for revenues is pegged at $1.65 billion, suggesting a decline of 11.6% from a year ago.Management anticipates third-quarter fiscal 2024 revenues to be $1.65 billion (+/- $150 million). Non-GAAP earnings are expected to be 25 cents per ...