SNDK heads into fiscal Q4 results with AI-fueled SSD demand, firmer NAND pricing and rising TLC and QLC adoption.
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Seagate recently reported a beat on both revenue and earnings, along with guidance that came in above estimates.
Seagate crushed Q4 estimates with record profits and issued strong guidance fueled by surging AI and hyperscale cloud storage demand.
Investing.com -- Seagate Technology PLC (NASDAQ:STX) shares surged 7.4% in after-hours trading Tuesday after the data storage giant posted fourth-quarter earnings and sales that comfortably topped Wall Street estimates and delivered an upbeat outlook for the upcoming fiscal year. The company posted adjusted fourth-quarter earnings of $5.71 per share on revenue of $3.6 billion, representing a 49% year-over-year top-line expansion from $2.4 billion in the prior-year period. Wall Street analysts ha
Seagate Technology stock jumped late Tuesday after the hard-disk drive maker reported quarterly results that beat expectations. A recent pullback for top performing AI stocks was weighing on Seagate's shares coming into the report. The results represent Seagate's fiscal fourth quarter.
Agilysys (AGYS) delivered earnings and revenue surprises of +22.50% and +2.13%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The rebound comes after weeks of intense selling, partly due to concerns that hyperscalers would continue investing the massive sums in AI development they had committed at the start of the year.
Western Digital stock and shares of hard-disk drive rival Seagate Technology rallied after Micron's results.
Shares of rival data storage firms NetApp and Everpure are rallying ahead of earnings reports due Thursday. NetApp stock broke out during Friday's session while shares of Everpure, formerly Pure Storage, are approaching an entry with early gains Tuesday. For Everpure and NetApp, the picture has been more complicated.
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Western Digital stock fell Friday after the data storage company that recently rebranded as WD reported fiscal third-quarter results. The San Jose, Calif.-based WD said that it earned an adjusted $2.72 per share for the April 3-ended quarter, up 97% from a year earlier. WD and its rival Seagate dominate the market for hard-disk drives.