Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for…
Seagate Technology NASDAQ:STX surged 4.5% in premarket trading after crushing quarterly expectations and delivering guidance that reinforced Wall Street's view that AI-driven storage demand is giving hard-drive manufacturers unusually strong pricing power.Seagate produces high-capacity hard-disk dr…
Seagate Technology reported quarterly results that beat Wall Street expectations after the U.S. market close on Tuesday. CEO Dave Mosley said the results confirm strong and growing demand in the large-capacity storage market, and added that customers have not shortened their long-term planning hori…
SK Hynix (SKHY) missed Wall Street expectations with its second-quarter (Q2) results on Tuesday, sending its shares lower and weighing on U.S. memory peers Micron (MU) and SanDisk (SNDK), while Seagate (STX) surged after delivering an upbeat earnings report.U.S.-listed shares SKHY dropped 7% in the…
Shares of Seagate Technology Holdings plc (STX) reversed a sharp regular-session decline and climbed as much as about 9% in after-hours trading on Tuesday, after the hard-disk drive maker reported fiscal fourth-quarter results that substantially exceeded expectations and issued strong guidance for…
Record revenue and profitability were achieved in fiscal 2026, driven by robust cloud and data center demand, technology innovation, and disciplined execution. Guidance points to continued sequential growth in revenue, margins, and cash flow through fiscal 2027.Based on Seagate Technology Holdings…
Revenue and profitability surged in fiscal 2026, driven by robust cloud and AI storage demand, with record free cash flow and expanding margins. HAMR technology adoption accelerated, and strong pricing trends are expected to continue as supply-demand imbalances persist.Based on Seagate Technology H…
Data storage manufacturer Seagate NASDAQ:STX announced better-than-expected revenue in Q2 CY2026, with sales up 48.5% year on year to $3.63 billion. On top of that, next quarter’s revenue guidance ($4.1 billion at the midpoint) was surprisingly good and 8.7% above what analysts were expecting. Its…
Record Q4FY26 results featured 48% YoY revenue growth, record margins, and robust cash flow, driven by strong data center demand. Guidance for Q1FY27 anticipates continued momentum with revenue of $4.1B and EPS of $7.30. Net leverage improved to 0.4x.Original document: Seagate Technology Holdings P…
Data storage manufacturer Seagate NASDAQ:STX will be reporting earnings this Tuesday after the bell. Here’s what you need to know.Seagate beat analysts’ revenue expectations last quarter, reporting revenues of $3.11 billion, up 44.1% year on year. It was an exceptional quarter for the company, with…
What Happened? A number of stocks fell in the morning session after the U.S. government announced new tariffs of 10% to 12.5% on 60 trading partners over concerns related to forced labor. The targeted nations include the European Union, Japan, South Korea, and Taiwan—the fundamental pillars of the…
What Happened? A number of stocks jumped in the morning session after dip buyers returned to the market to capitalize on more attractive valuations following the sector's steep selloff in the previous week, driven by continued optimism surrounding the long-term artificial intelligence investment cy…
What Happened? A number of stocks fell in the afternoon session after TSMC paired topline strength with a free cash flow-compressing capital expenditure reset, compounding a sector-wide selloff that began with ASML the day before.TSMC shares fell roughly 4% in the morning session despite a record p…
STX (Seagate Technology Holdings PLC) is set to announce its Q4'26 results on July 16, time not specified. The earnings are expected to be disclosed at 8:00 AM ET (12:00 PM UTC).For Q4'26, revenue estimate is 3.49 billion USD with EPS (earnings per share) anticipated at 5.09 USD. Learn more details…
Seagate Technology (STX) shares rose on Friday after Wells Fargo upgraded the data storage company to an Overweight rating.The analyst cited growing confidence in its long-term earnings potential and sustained demand for hard-disk drives (HDDs) driven by artificial intelligence infrastructure.The u…
What Happened? A number of stocks jumped in the morning session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.Following sessions of profit-taking that dragged down the entire s…
STX (Seagate Technology Holdings PLC) is set to announce its Q4'26 results on July 16, time not specified. The earnings are expected to be disclosed at 8:00 AM ET (12:00 PM UTC).For Q4'26, revenue estimate is 3.48 billion USD with EPS (earnings per share) anticipated at 5.09 USD. Learn more details…
AI memory and chip stocks fell Tuesday even after Samsung Electronics (SSNLF) projected a 19-fold jump in Q2 operating profit, as investors questioned whether the AI infrastructure boom has already priced in too much good news.Samsung guided Q2 operating profit of 89.4 trillion won, or about $58.4…
What Happened? A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple…
