Seagate Technology (STX)
Market Price (4/5/2026): $429.0 | Market Cap: $92.7 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Seagate Technology (STX)
Market Price (4/5/2026): $429.0Market Cap: $92.7 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 2.0 Bil Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, Autonomous Technologies, and 5G & Advanced Connectivity. Show more. | Trading close to highsDist 52W High is -3.7%, Dist 3Y High is -3.7% | Stock price has recently run up significantly12M Rtn12 month market price return is 552% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75% Key risksSTX key risks include [1] the successful commercialization and adoption of its new HAMR technology, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 2.0 Bil |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, Autonomous Technologies, and 5G & Advanced Connectivity. Show more. |
| Trading close to highsDist 52W High is -3.7%, Dist 3Y High is -3.7% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 552% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75% |
| Key risksSTX key risks include [1] the successful commercialization and adoption of its new HAMR technology, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Seagate Technology reported strong financial results and issued optimistic guidance.
The company's fiscal second quarter 2026 (ended January 2, 2026) results, reported on January 27, 2026, showed revenue of $2.83 billion, an increase of 21.5% year-over-year, and non-GAAP diluted earnings per share (EPS) of $3.11, surpassing consensus estimates by $0.34. This performance set new records for gross margin, operating margin, and non-GAAP EPS. Furthermore, Seagate provided a strong outlook for its fiscal third quarter 2026, guiding for revenue of $2.90 billion (plus or minus $100 million) and non-GAAP diluted EPS of $3.40 (plus or minus $0.20), reinforcing expectations for continued profitability and demand.
2. Robust demand for high-capacity storage solutions, particularly driven by AI applications and cloud customers, propelled growth.
Seagate experienced robust customer demand for its high-capacity storage products, especially from global cloud service providers. The company highlighted the accelerating adoption and successful ramp of its areal density-leading Mozaic HAMR (Heat-Assisted Magnetic Recording) products, with over 1 million Mozaic HAMR drives shipped in fiscal first quarter 2026 (ended October 3, 2025), and five of the world's largest cloud customers having qualified these products. This technological advancement positions Seagate to meet the evolving storage requirements and exabyte demand growth amplified by new AI applications.
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Stock Movement Drivers
Fundamental Drivers
The 56.2% change in STX stock from 12/31/2025 to 4/4/2026 was primarily driven by a 37.7% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 274.91 | 429.36 | 56.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,558 | 10,058 | 5.2% |
| Net Income Margin (%) | 17.9% | 19.6% | 9.3% |
| P/E Multiple | 34.2 | 47.1 | 37.7% |
| Shares Outstanding (Mil) | 213 | 216 | -1.4% |
| Cumulative Contribution | 56.2% |
Market Drivers
12/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| STX | 56.2% | |
| Market (SPY) | -5.4% | 42.1% |
| Sector (XLK) | -5.5% | 56.6% |
Fundamental Drivers
The 82.7% change in STX stock from 9/30/2025 to 4/4/2026 was primarily driven by a 36.9% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 235.03 | 429.36 | 82.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,097 | 10,058 | 10.6% |
| Net Income Margin (%) | 16.1% | 19.6% | 21.3% |
| P/E Multiple | 34.4 | 47.1 | 36.9% |
| Shares Outstanding (Mil) | 215 | 216 | -0.5% |
| Cumulative Contribution | 82.7% |
Market Drivers
9/30/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| STX | 82.7% | |
| Market (SPY) | -2.9% | 40.9% |
| Sector (XLK) | -3.4% | 53.4% |
Fundamental Drivers
The 411.9% change in STX stock from 3/31/2025 to 4/4/2026 was primarily driven by a 212.2% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.87 | 429.36 | 411.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,035 | 10,058 | 25.2% |
| Net Income Margin (%) | 14.7% | 19.6% | 33.5% |
| P/E Multiple | 15.1 | 47.1 | 212.2% |
| Shares Outstanding (Mil) | 212 | 216 | -1.9% |
| Cumulative Contribution | 411.9% |
Market Drivers
3/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| STX | 411.9% | |
| Market (SPY) | 16.3% | 47.4% |
| Sector (XLK) | 32.3% | 55.4% |
Fundamental Drivers
The 603.3% change in STX stock from 3/31/2023 to 4/4/2026 was primarily driven by a 196.4% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.05 | 429.36 | 603.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,352 | 10,058 | 7.5% |
| Net Income Margin (%) | 6.6% | 19.6% | 196.4% |
| P/E Multiple | 20.3 | 47.1 | 131.3% |
| Shares Outstanding (Mil) | 206 | 216 | -4.6% |
| Cumulative Contribution | 603.3% |
Market Drivers
3/31/2023 to 4/4/2026| Return | Correlation | |
|---|---|---|
| STX | 603.3% | |
| Market (SPY) | 63.3% | 46.7% |
| Sector (XLK) | 83.6% | 51.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| STX Return | 88% | -51% | 69% | 4% | 225% | 54% | 703% |
| Peers Return | 35% | -31% | 59% | 26% | 110% | 27% | 398% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| STX Win Rate | 67% | 33% | 75% | 58% | 83% | 75% | |
| Peers Win Rate | 60% | 40% | 60% | 58% | 65% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| STX Max Drawdown | -6% | -56% | -1% | -6% | -22% | 0% | |
| Peers Max Drawdown | -7% | -39% | -4% | -6% | -33% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WDC, MU, DELL, HPE, NTAP. See STX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)
How Low Can It Go
| Event | STX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -58.2% | -25.4% |
| % Gain to Breakeven | 139.3% | 34.1% |
| Time to Breakeven | 936 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.6% | -33.9% |
| % Gain to Breakeven | 55.2% | 51.3% |
| Time to Breakeven | 259 days | 148 days |
| 2018 Correction | ||
| % Loss | -41.8% | -19.8% |
| % Gain to Breakeven | 71.9% | 24.7% |
| Time to Breakeven | 395 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -89.1% | -56.8% |
| % Gain to Breakeven | 819.6% | 131.3% |
| Time to Breakeven | 1,181 days | 1,480 days |
Compare to WDC, MU, DELL, HPE, NTAP
In The Past
Seagate Technology's stock fell -58.2% during the 2022 Inflation Shock from a high on 1/4/2022. A -58.2% loss requires a 139.3% gain to breakeven.
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About Seagate Technology (STX)
AI Analysis | Feedback
Here are a few brief analogies for Seagate Technology (STX):
- Intel for data storage hardware.
- Samsung for data storage devices.
AI Analysis | Feedback
- Hard Disk Drives (HDDs) & Solid State Drives (SSDs): Seagate offers a variety of internal data storage devices, including traditional hard disk drives and faster solid state drives, with interfaces like SATA, SAS, and NVMe.
- Solid State Hybrid Drives (SSHDs): These drives combine the speed benefits of solid state technology with the high capacity of traditional hard drives.
- Storage Subsystems: The company provides integrated storage systems designed for enterprises, cloud service providers, and original equipment manufacturers (OEMs) for managing large datasets.
- Private Cloud Storage Solutions: These are mass capacity optimized storage solutions tailored for enterprises and cloud service providers to build and manage their private cloud infrastructure.
- External Storage Solutions: Seagate manufactures portable and desktop external storage devices, marketed under its own brand (e.g., Ultra Touch, One Touch, Expansion) and through acquired brands like LaCie and Maxtor.
AI Analysis | Feedback
Major Customers of Seagate Technology (STX)
Based on the provided background, Seagate Technology (STX) sells its products primarily to other companies.
The major categories of its customers are:
- Original Equipment Manufacturers (OEMs)
- Distributors
- Retailers
The provided background information does not list the specific names of these customer companies.
AI Analysis | Feedback
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Dave Mosley
Chief Executive Officer
Dave Mosley joined Seagate Technology in 1996 as a Senior Engineer and has held numerous leadership positions within the company before being appointed CEO in October 2017. He holds a Ph.D. in solid state physics from the University of California, Davis. Mosley has been crucial in driving Seagate's technological innovation, particularly in the development of high-capacity hard drives and Heat-Assisted Magnetic Recording (HAMR) technology. He also assumed the role of Chairman of the Board in 2025. After becoming CEO, Seagate sold its systems business to Cray in 2017. He has also served on the Board of Directors of Cirrus Logic, Inc. since 2024.
Gianluca Romano
Executive Vice President, Chief Financial Officer
Gianluca Romano joined Seagate Technology in January 2019. He is responsible for Seagate's global corporate finance, strategic financial planning, treasury, tax, investor relations, accounting organizations, corporate development and strategy, global information technology (IT), and supply chain. Before joining Seagate, Romano was the Business Finance and Accounting Corporate Vice President at Micron Technology. He also held senior finance leadership positions at Numonyx and STMicroelectronics. He has over two decades of experience in finance, accounting, treasury, and financial planning, much of which was gained through international assignments. Romano earned a bachelor's degree in economics and business administration from the University of Urbino in Italy.
Ban Seng Teh
Executive Vice President and Chief Commercial Officer
Ban Seng Teh serves as the Executive Vice President and Chief Commercial Officer at Seagate Technology. His role focuses on commercial operations within the company. (No further detailed background information found in provided search results).
Dr. John C. Morris
Senior Vice President and Chief Technology Officer
Dr. John C. Morris holds the position of Senior Vice President and Chief Technology Officer at Seagate Technology. (No further detailed background information found in provided search results).
James C. Lee
Senior Vice President, Chief Legal Officer and Corporate Secretary
James C. Lee is the Senior Vice President, Chief Legal Officer, and Corporate Secretary for Seagate Technology. (No further detailed background information found in provided search results).
AI Analysis | Feedback
The key risks for Seagate Technology (STX) are primarily centered around technological transitions and intense market competition, the cyclical nature of the data storage market coupled with broader macroeconomic uncertainties, and concerns regarding its financial health and operational efficiency.
- Technological Transition and Intense Competition: Seagate faces significant risks related to the ongoing shift in data storage technology and aggressive market competition. The company's Hard Disk Drive (HDD) segment's growth prospects and Average Selling Prices (ASPs) have been noted to lag behind those of Solid-State Drives (SSDs), indicating potential peak-cycle risks and a possible demand slowdown post-2027 for HDDs. A major internal risk involves the successful ramp-up and customer adoption of its new Heat-Assisted Magnetic Recording (HAMR) technology, specifically the Mozaic 3+ platform. Delays in the commercialization of HAMR technology could impact future growth and narrow its competitive advantage. The data storage industry is highly competitive, with the continuous threat of commoditization and the introduction of alternative technologies by competitors that could erode Seagate's market share.
- Cyclical Demand and Macroeconomic Uncertainty: The demand for Seagate's products is highly cyclical, fluctuating significantly based on factors such as PC shipments, enterprise spending, and investments in cloud infrastructure. A slowdown in technology spending could lead to a decline in Seagate's revenue. The company is also exposed to broader macroeconomic uncertainties, including ongoing volatility in enterprise spending, trade policy changes, tariffs, and geopolitical tensions, which can impact demand, manufacturing costs, and currency exchange rates. Seagate has historically shown outsized vulnerability to 'Credit & Liquidity Crises,' experiencing larger drawdowns compared to the broader market during such events.
- Financial Health and Operational Efficiency: Seagate's financial risk profile is influenced by its persistent debt levels and uncertain market visibility, which raise concerns about its overall liquidity and financial flexibility. The company's high indebtedness, with a debt-to-total capital ratio significantly above the industry average, is a notable investment risk. Furthermore, rising input costs, particularly for components like DRAM, can pressure future profit margins. The company's operational expenses have also seen an uptick, which, if not effectively managed, could squeeze margins. Seagate's gross margin has been observed to lag behind its primary competitor, potentially indicating less efficiency in manufacturing or limited pricing power in the market.
AI Analysis | Feedback
AI Analysis | Feedback
Seagate Technology (STX) operates in several addressable markets for its main products and services:
-
Hard Disk Drives (HDDs): The global hard disk drive market was valued at approximately USD 49,681.5 million in 2025. In terms of regional market share in 2025, Asia-Pacific dominated with 45% of shipments, followed by North America at 28%.
-
Solid State Drives (SSDs): The global solid state drive market size was valued at USD 21.41 billion in 2025. North America held the largest share of the SSD industry, accounting for 37.80% in 2025, while Asia Pacific represented 46.73% of the revenue in the same year.
-
Enterprise Storage Solutions (including storage subsystems and mass capacity optimized private cloud storage solutions): The global enterprise storage system market is estimated to reach USD 157.33 billion in 2025. North America was identified as the largest region in the enterprise storage market in 2025.
-
External Storage Solutions: The global external storage market is estimated to be valued at USD 72.6 billion in 2025. Key growth regions for external storage include North America, Asia-Pacific, and Europe.
AI Analysis | Feedback
Seagate Technology (STX) is poised for future revenue growth over the next 2-3 years, driven by several key factors:
- Surging Demand for Mass Capacity Storage: The increasing global demand for data storage, particularly from hyperscale cloud providers, enterprise data centers, and the expanding needs of artificial intelligence (AI) and analytics workloads, is a primary driver. Seagate is strategically focused on this mass capacity market and is optimizing its product portfolio to cater to these higher-value solutions.
- Advancements and Adoption of Heat-Assisted Magnetic Recording (HAMR) Technology: Seagate's proprietary HAMR technology, branded as the Mozaic platform, is a significant growth catalyst. This technology enables higher areal density, leading to the development of much higher-capacity drives that are essential for managing the immense data generated by AI applications and large-scale data centers. The company is actively ramping up production and customer qualifications for its HAMR-based Mozaic drives.
- Strategic Shift to Higher-Value Products and Build-to-Order Model: Seagate is actively optimizing its product portfolio by reducing exposure to volatile legacy markets and prioritizing higher-value, high-capacity nearline solutions. This strategic shift, combined with the implementation of a build-to-order (BTO) model, provides multi-quarter demand visibility and allows Seagate to exert greater pricing power and improve its gross margins. This leads to a favorable product mix and enhanced profitability.
AI Analysis | Feedback
```htmlShare Repurchases
- In May 2025, Seagate's board of directors approved a new share repurchase program authorizing up to $5 billion in share buybacks, with no set expiration date.
- During fiscal year 2023, Seagate repurchased 5.4 million ordinary shares for $408 million in the first fiscal quarter, then paused repurchases for the remainder of the year due to macroeconomic conditions.
- For fiscal year 2022, the company utilized $1.8 billion to repurchase 20 million ordinary shares.
Share Issuance
- Seagate issued $400 million in senior notes in fiscal year 2025.
- In fiscal year 2024, the company issued $1.5 billion of convertible notes.
- Shareholders approved amendments in October 2025 to increase ordinary shares reserved for issuance under the Employee Stock Purchase Plan by 10,000,000 and the 2022 Equity Incentive Plan by 3,800,000, bringing the total for incentive stock options to 17,800,000.
Outbound Investments
- In fiscal year 2025, Seagate acquired Intevac for $47 million to enhance its manufacturing capabilities.
- During fiscal year 2024, Seagate sold its System-on-Chip Operations for $600 million, with $326 million of the cash proceeds recorded as an investing inflow.
Capital Expenditures
- Capital expenditures for fiscal year 2025 amounted to $265 million, representing 3% of revenue, with a focus on advancing HAMR technology with its Mozaic platform.
- For fiscal year 2024, annual capital expenditures were $254 million.
- Seagate anticipates capital expenditures for fiscal year 2026 to be within its target range of 4% to 6% of revenue.
Latest Trefis Analyses
Trade Ideas
Select ideas related to STX.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 09302022 | STX | Seagate Technology | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 27.4% | 29.8% | -8.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 234.67 |
| Mkt Cap | 96.7 |
| Rev LTM | 23,238 |
| Op Inc LTM | 2,786 |
| FCF LTM | 2,230 |
| FCF 3Y Avg | 1,744 |
| CFO LTM | 3,579 |
| CFO 3Y Avg | 3,040 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 22.0% |
| Rev Chg 3Y Avg | 6.7% |
| Rev Chg Q | 23.4% |
| QoQ Delta Rev Chg LTM | 5.6% |
| Op Mgn LTM | 24.4% |
| Op Mgn 3Y Avg | 10.9% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 22.5% |
| CFO/Rev 3Y Avg | 14.5% |
| FCF/Rev LTM | 17.2% |
| FCF/Rev 3Y Avg | 6.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 96.7 |
| P/S | 5.1 |
| P/EBIT | 16.8 |
| P/E | 18.2 |
| P/CFO | 12.4 |
| Total Yield | 4.9% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 4.8% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 14.6% |
| 3M Rtn | 26.6% |
| 6M Rtn | 47.7% |
| 12M Rtn | 307.6% |
| 3Y Rtn | 452.6% |
| 1M Excs Rtn | 18.0% |
| 3M Excs Rtn | 37.6% |
| 6M Excs Rtn | 44.6% |
| 12M Excs Rtn | 186.6% |
| 3Y Excs Rtn | 389.2% |
Comparison Analyses
Price Behavior
| Market Price | $429.36 | |
| Market Cap ($ Bil) | 92.7 | |
| First Trading Date | 12/11/2002 | |
| Distance from 52W High | -3.7% | |
| 50 Days | 200 Days | |
| DMA Price | $400.55 | $263.47 |
| DMA Trend | up | up |
| Distance from DMA | 7.2% | 63.0% |
| 3M | 1YR | |
| Volatility | 85.4% | 62.8% |
| Downside Capture | 0.63 | 0.68 |
| Upside Capture | 414.64 | 284.86 |
| Correlation (SPY) | 40.0% | 42.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.13 | 2.40 | 2.76 | 2.49 | 1.62 | 1.42 |
| Up Beta | 5.39 | 4.38 | 3.17 | 1.31 | 0.99 | 1.09 |
| Down Beta | 6.19 | 2.30 | 2.29 | 2.12 | 1.89 | 1.47 |
| Up Capture | 185% | 216% | 572% | 668% | 831% | 997% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 19 | 32 | 64 | 142 | 400 |
| Down Capture | 141% | 193% | 159% | 179% | 125% | 108% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 23 | 31 | 62 | 109 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STX | |
|---|---|---|---|---|
| STX | 417.8% | 65.2% | 2.78 | - |
| Sector ETF (XLK) | 31.5% | 27.0% | 0.99 | 55.5% |
| Equity (SPY) | 16.1% | 19.0% | 0.67 | 47.4% |
| Gold (GLD) | 50.5% | 28.0% | 1.46 | 21.3% |
| Commodities (DBC) | 16.2% | 17.7% | 0.77 | 21.5% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 19.9% |
| Bitcoin (BTCUSD) | -21.5% | 44.0% | -0.42 | 20.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STX | |
|---|---|---|---|---|
| STX | 45.9% | 44.0% | 1.00 | - |
| Sector ETF (XLK) | 16.3% | 24.7% | 0.59 | 54.9% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 52.7% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | 15.9% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 15.6% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 31.4% |
| Bitcoin (BTCUSD) | 3.9% | 56.5% | 0.29 | 18.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STX | |
|---|---|---|---|---|
| STX | 35.1% | 42.6% | 0.86 | - |
| Sector ETF (XLK) | 21.4% | 24.3% | 0.81 | 52.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 51.1% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | 8.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 19.4% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 33.5% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 9.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/27/2026 | 19.1% | 19.6% | 10.2% |
| 10/28/2025 | 19.1% | 12.3% | 22.1% |
| 7/29/2025 | -3.4% | -0.6% | 9.5% |
| 4/29/2025 | 11.6% | 15.1% | 44.8% |
| 1/21/2025 | 6.8% | -1.0% | 1.4% |
| 10/22/2024 | -8.1% | -10.0% | -13.0% |
| 7/23/2024 | 4.0% | -5.9% | -0.8% |
| 4/23/2024 | 0.7% | -0.7% | 9.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 17 |
| # Negative | 11 | 12 | 7 |
| Median Positive | 6.8% | 12.2% | 9.5% |
| Median Negative | -5.6% | -5.2% | -4.4% |
| Max Positive | 19.1% | 19.6% | 44.8% |
| Max Negative | -9.2% | -12.0% | -13.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 01/30/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/24/2025 | 10-Q |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-K |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 01/26/2024 | 10-Q |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-K |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 01/25/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-K |
| 03/31/2022 | 04/28/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 2.80 Bil | 2.90 Bil | 3.00 Bil | 7.4% | Higher New | Guidance: 2.70 Bil for Q2 2026 | |
| Q3 2026 Non-GAAP diluted EPS | 3.2 | 3.4 | 3.6 | 23.6% | Higher New | Guidance: 2.75 for Q2 2026 | |
Prior: Q1 2026 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 2.60 Bil | 2.70 Bil | 2.80 Bil | 8.0% | Raised | Guidance: 2.50 Bil for Q1 2026 | |
| Q2 2026 Non-GAAP Diluted EPS | 2.55 | 2.75 | 2.95 | 19.6% | Raised | Guidance: 2.3 for Q1 2026 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mosley, William D | CEO | Direct | Sell | 1062026 | 285.56 | 20,000 | 5,711,245 | 122,761,790 | Form |
| 2 | Morris, John Christopher | EVP & CTO | Direct | Sell | 12162025 | 291.89 | 113 | 32,984 | 4,159,432 | Form |
| 3 | Teh, Ban Seng | EVP & Chief Commercial Officer | Direct | Sell | 12122025 | 295.90 | 2,010 | 594,759 | 4,051,759 | Form |
| 4 | Conyers, Yolanda Lee | Direct | Sell | 12022025 | 272.91 | 750 | 204,683 | 1,528,569 | Form | |
| 5 | Mosley, William D | CEO | Direct | Sell | 12022025 | 271.03 | 20,000 | 5,420,577 | 120,788,879 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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