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Carl Ackerman

Senior Equity Analyst at BNP Paribas

Karl Ackerman is a Senior Equity Analyst at Exane BNP Paribas specializing in the technology sector, with a coverage focus on companies such as Marvell Technology, Micron, Ciena, Arista Networks, Celestica, Western Digital, Seagate Technology, MACOM Technology Solutions, Lumentum Holdings, and Cisco Systems. Ackerman ranks in the top 11% of Wall Street analysts by TipRanks, maintaining an average success rate of 59% and generating an average return of 12.5% per recommendation, with notable calls such as a 165.5% return on Lumentum Holdings. He began his equity research career in the early 2010s, joining Exane BNP Paribas after holding positions at other financial institutions. Ackerman holds relevant securities analyst credentials and is known for his consistent performance and rigorous sector expertise.

Carl Ackerman's questions to Seagate Technology Holdings (STX) leadership

Question · Q1 2026

Carl Ackerman asked for details on the duration and pricing components of Seagate's long-term HAMR agreements, and what percentage of total revenue is currently based on these agreements compared to the previous year.

Answer

Gianluca Romano, CFO, stated that the duration, volume, and mix of long-term agreements (FTAs or build-to-order) vary by customer. He confirmed that the vast majority of Seagate's nearline exabytes are already committed for the entire calendar 2026 through these long build-to-order agreements.

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