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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 .
- Hard Disk Drives (HDDs) - Designed for mass capacity storage and legacy markets, serving hyperscale data centers and cloud service providers.
- Solid State Drives (SSDs) - Utilize NAND flash memory for efficient data storage solutions.
- Storage Subsystems and Solutions - Include a scalable edge-to-cloud mass data platform, data transfer shuttles, and a storage-as-a-service cloud.
- Systems, SSD, and Lyve Platform - Areas of strategic investment, focusing on expanding data storage capabilities and services .
| Name | Position | External Roles | Short 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. | View Report → |
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. |
- 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?
- 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?
- 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?
- 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?
- 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?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
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. |
Recent press releases and 8-K filings for STX.
- Revenue performance was strong with a 31% YoY increase driving $2.33B in revenue and a non-GAAP gross margin that expanded to 35.5% .
- The company delivered compelling profitability with non-GAAP EPS reaching the top end of guidance, alongside expanding gross and operating margins and reduced debt .
- Updated Q3FY25 guidance projects revenue around $2.10B ± $150M, non-GAAP operating margins in the low twenties percent, and diluted EPS estimated at $1.70 ± $0.20 .
- Seagate is advancing its product strategy by ramping production of HAMR-based drives and expects sequential revenue improvement in Q6 with minimal tariff impacts .
- The earnings call also highlighted improved free cash flow (up to $150M) and robust demand trends in nearline and mass capacity product markets .