Seagate Technology PLC is expected to report fiscal fourth-quarter revenue of $3.49 billion and an adjusted EPS of $5.10, with its current stock price of $851.69 trading well below the average analyst target of $1,000.00.
Investors are primarily focused on the production ramp-up and customer qualification of the company's 30TB+ Mozaic 3+ HAMR (Heat-Assisted Magnetic Recording) platform.
This technology is critical for meeting surging AI-driven demand from hyperscale cloud providers while expanding gross margins toward a record 47% target. Recent performance has been bolstered by a recovery in the enterprise storage cycle and limited industry-wide supply, which has significantly improved hard disk drive pricing power.