Seagate: All Eyes On Cloud Capex Spend, The Key To Recovery


  • Seagate Technology Holdings plc reported stronger-than-expected results for its fiscal second quarter, suggesting a recovery as inventory at customers continues to get worked down.
  • A rebound amid the continued weakness in the storage industry will depend on capex spend by hyperscale companies.
  • Seagate has underperformed competitor Western Digital in the past two quarters, and we await the latter's earnings call on January 31.
  • This idea was discussed in more depth with members of my private investing community, Semiconductor Deep Dive. Learn More »

Stock Market Crash and Escape - Global Business Strategy Exchange

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Seagate Technology Holdings plc (NASDAQ:STX) reported financial results for its fiscal second quarter ended December 30, 2022. Q2 Non-GAAP EPS of $0.16 beat by $0.07 and revenue of $1.89B (-39.4% YoY) beat by $60M.

F3Q guidance is

HDD nearline data center

The Information Network

Seagate Mass Capacity HDDs Revenues and Total HDD Revenues

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Cloud Capex

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STX vs WDC price


STX vs WDC PE ratio


STX vs WDC rating

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I received a Ph.D. degree in chemistry from Oxford University (England) under Dr. John Goodenough, inventor of the lithium ion battery and 2019 Nobel Prize winner in Chemistry. I've had ten years experience in the field of wafer fabrication at AT&T Bell Laboratories and Stanford University.

I have been Editor-in-Chief of the peer-reviewed Journal of Active and Passive Electronic Devices since 2000. I authored the book "Technology Trends in VLSI Manufacturing" (Gordon and Breach), "Solar Panel Processing" (Old City Publishing), "Alternative Energy Technology" (Old City Publishing). Also in the solar area, I am CEO of SolarPA, which uses a proprietary nanomaterial to coat solar cells, increasing the efficiency by up to 10%. I recently published a fictional novel Blessed, available on Amazon and other sites.

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