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    Seagate Technology Holdings PLC (STX)

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    Seagate Technology Holdings plc is a leading provider of data storage technology and infrastructure solutions, primarily known for its hard disk drives (HDDs) and solid state drives (SSDs). The company designs and sells HDDs for mass capacity storage and legacy markets, and SSDs that utilize NAND flash memory for data storage. Seagate also offers storage subsystems and solutions, including a scalable edge-to-cloud mass data platform, data transfer shuttles, and a storage-as-a-service cloud .

    1. Hard Disk Drives (HDDs) - Designed for mass capacity storage and legacy markets, serving hyperscale data centers and cloud service providers.
    2. Solid State Drives (SSDs) - Utilize NAND flash memory for efficient data storage solutions.
    3. Storage Subsystems and Solutions - Include a scalable edge-to-cloud mass data platform, data transfer shuttles, and a storage-as-a-service cloud.
    4. Systems, SSD, and Lyve Platform - Areas of strategic investment, focusing on expanding data storage capabilities and services .
    NamePositionExternal RolesShort Bio

    Dr. William D. Mosley

    ExecutiveBoard

    CEO and Director

    Board Member at Cirrus Logic, Inc.

    Joined STX in 1996; became CEO in October 2017. Previously held roles including COO and EVP of Operations and Technology.

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    Ban Seng Teh

    Executive

    EVP and Chief Commercial Officer

    None

    Joined STX in 1989. Promoted to EVP and Chief Commercial Officer in July 2022. Previously held leadership roles in global sales and marketing.

    Dr. John C. Morris

    Executive

    SVP, HDD and SSD Products and CTO

    None

    Joined STX in 1996. Promoted to CTO in 2019. Previously held leadership roles in engineering and enterprise development.

    Gianluca Romano

    Executive

    EVP and CFO

    None

    Joined STX in January 2019. Previously held senior finance roles at Micron Technology, Numonyx, and STMicroelectronics.

    James C. Lee

    Executive

    SVP, Chief Legal Officer, and Secretary

    None

    Joined STX in June 2024. Previously served as General Counsel at Maxar Technologies and held leadership roles at Aramark Corporation.

    Kian Fatt Chong

    Executive

    SVP, Global Operations

    None

    Joined STX in 1989. Promoted to SVP, Global Operations in October 2020. Previously led China Operations and spearheaded Seagate's first campus concept.

    Dylan G. Haggart

    Board

    Director

    Managing Partner at Fivespan Partners; Board Member at Fiserv, Inc.

    Director since 2018. Former Partner at ValueAct Capital. Brings expertise in strategic planning, capital structure, and corporate governance.

    Jay L. Geldmacher

    Board

    Director

    President and CEO of Resideo Technologies, Inc.

    Director since 2012. Currently CEO of Resideo Technologies. Formerly held leadership roles at Emerson Electric and Verra Mobility.

    Judy Bruner

    Board

    Director

    Board Member at Applied Materials, Inc.; Qorvo, Inc.; Rapid7, Inc.

    Director since 2018. Former CFO of SanDisk Corporation. Brings expertise in financial management, strategy, and enterprise risk management.

    Michael R. Cannon

    Board

    Board Chair

    Board Member at Lam Research Corporation

    Director since 2011; became Board Chair in July 2020. Former CEO of Solectron Corporation and held leadership roles in the disk drive industry.

    Prat S. Bhatt

    Board

    Director

    Board Member at RingCentral, Inc.; Governing Board Member at Center for Audit Quality

    Director since 2020. Former Chief Accounting Officer at Cisco Systems. Brings expertise in accounting, financial management, and enterprise risk management.

    Richard L. Clemmer

    Board

    Director

    Board Member at HP, Inc. and Aptiv PLC

    Director since 2022. Former CEO of NXP Semiconductors and Agere Systems. Brings expertise in semiconductors, storage, and corporate governance.

    Stephanie Tilenius

    Board

    Director

    Venture Advisor at AI Fund; Board Member at ContextLogic (Wish) and Papa

    Director since 2014. Founder and former CEO of Vida Health. Former executive at Google, eBay, and Kleiner Perkins. Brings expertise in digital innovation and e-commerce.

    Yolanda L. Conyers

    Board

    Director

    None

    Director since 2022. Former VP of Global HR and Chief Diversity Officer at Lenovo. Brings expertise in diversity, inclusion, and global operations.

    1. Considering that you're nearing maximum production capacity and plan to expand exabyte shipments through transitioning to higher-capacity drives, what risks do you foresee if customer adoption of these drives doesn't keep pace, and how might this impact your growth projections?
    2. Given concerns about the HDD industry potentially being at cyclical peak levels, how do you ensure that your current shipments are being deployed by customers rather than ending up as excess inventory, and what measures are you taking to prevent overproduction?
    3. With the delays in qualifying your Mozaic HAMR-based platform at your lead cloud customer, how confident are you in meeting the revised qualification timelines, and what are the potential implications for your competitive positioning if further delays occur?
    4. As non-GAAP gross margins have reached their highest level in over a decade, exceeding long-term targets, how sustainable is this margin expansion amid potential pricing pressures and increased competition, and what strategies do you have to maintain or improve these margins?
    5. While your build-to-order model provides visibility over the next few quarters, how do you mitigate the risks associated with possible demand volatility or overreliance on a few large customers, and what diversification strategies are you implementing to protect against potential disruptions?
    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total additional amountN/A
    Remaining authorization amount$1.9 billion
    DetailsThe share repurchase program was paused in the December 2022 quarter and remained paused through the first quarter of fiscal year 2025, with no assurances as to if and when the program will resume.
    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$479 4.75% Senior Notes 4.75% 8.4% = (479 / 5706) * 100
    2027$505 4.875% Senior Notes 4.875% 8.9% = (505 / 5706) * 100
    2028$1,500 3.50% Exchangeable Senior Notes 3.50% 26.3% = (1500 / 5706) * 100
    2029$495 4.091% Senior Notes 4.091% 8.7% = (495 / 5706) * 100
    2029$495 3.125% Senior Notes 3.125% 8.7% = (495 / 5706) * 100
    2029$495 8.25% Senior Notes 8.25% 8.7% = (495 / 5706) * 100
    2031$2,750 4.125% Senior Notes 4.125% 48.2% = (2750 / 5706) * 100
    2032$2,750 9.625% Senior Notes 9.625% 48.2% = (2750 / 5706) * 100
    2034$2,750 5.75% Senior Notes 5.75% 48.2% = (2750 / 5706) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Competes in the data storage industry, providing SSDs and systems, and is one of the principal manufacturers in the data storage solution industry.

    Samsung Electronics

    A key competitor in the data storage industry, offering SSDs and systems, and is recognized as a principal manufacturer in the data storage solution industry.

    SK hynix, Inc.

    Operates in the data storage industry, providing SSDs and systems, and is listed as a principal manufacturer in the data storage solution industry.

    Kioxia Holdings Corporation

    A competitor in the data storage industry, known for its SSDs and systems, and is identified as a principal manufacturer in the data storage solution industry.

    Toshiba Corporation

    Competes in the data storage industry, offering SSDs and systems, and is one of the principal manufacturers in the data storage solution industry.

    A major competitor in the data storage industry, providing SSDs and systems, and is recognized as a principal manufacturer in the data storage solution industry.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1980 PresentCurrent auditor

    No recent press releases or 8-K filings found for STX.