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Seagate's HDD drives are essential for AI models, offering low-cost, high-capacity storage solutions, making it a strong investment opportunity. Seagate's Q2 revenue surged 50% y/y, driven by robust enterprise demand and GenAI applications, with continued growth expected in Q3. Seagate's operating margins and cash flow have significantly improved, reducing debt and enhancing profitability, underscoring its financial health.

Among sell-side analysts on Wall Street, Morgan Stanley is one of the most well-known. The company's large investment banking business, which generated $6.1 billion in revenue in fiscal 2024, contributes to the scope of its equity coverage.

Seagate (NASDAQ: STX) recently released its Q2 earnings, and its stock has surged 25% year-to-date (Jan. 24), reaching nearly $108 per share. STX beat both on top and bottom lines in its fiscal second quarter, which ended December 27.

Seagate Technology Holdings plc reported strong Q2 '25 earnings with 50% YoY revenue growth and significant margin expansion, driven by high demand from cloud service providers. Despite a $200mm revenue headwind in Q3 '25 from production issues, Seagate's operational improvements and increased inventory levels support future growth. Seagate should realize a strong free cash flow tailwind through operations and working down inventories in e2h25.

Seagate Technology (STX) shares jumped Wednesday as several analysts raised their price targets for the data storage solutions provider's stock after the company's fiscal second-quarter results topped estimates.

Cantor Fitzgerald analyst C.J. Muse expressed views on Seagate Technology Holdings PLC‘s STX second-quarter results while retaining a Neutral rating and a price target of $120.

STX's fiscal Q2 2025 top line expands 50% year over year, driven by robust performance in nearline cloud services and a recovery in enterprise markets.

Seagate Technology Holdings plc STX reported better-than-expected second-quarter earnings on Tuesday.

Seagate Technology Holdings plc (NASDAQ:STX ) Q2 2025 Earnings Conference Call January 21, 2025 5:00 PM ET Company Participants Shanye Hudson - I|R David Mosley - CEO Gianluca Romano - CFO Conference Call Participants Erik Woodring - Morgan Stanley Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Amit Daryanani - Evercore Timothy Arcuri - UBS Asiya Merchant - Citigroup Steven Fox - Fox Advisors Thomas O'Malley - Barclays Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas Vijay Rakesh - Mizuho C.J. Muse - Cantor Fitzgerald Ananda Baruah - Loop Capital Operator Good afternoon, and welcome to the Seagate Technology Fiscal Second Quarter 2025 Conference Call.

While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.