Seagate Technology Reveals 2025 Strategy and Outlook
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Seagate Technology announced its 2025 Investor and Analyst Event, revealing a strategic plan to drive growth, boost profitability, and build long-term value for customers and shareholders.
The company, listed on NASDAQ as STX, reported that technology innovation and artificial intelligence are driving rapid data growth. This trend is fueling demand in the hard drive storage industry.
Seagate stated it is well-positioned to meet this demand with its Mozaic portfolio, powered by advanced HAMR (Heat-Assisted Magnetic Recording) technology. According to CEO Dave Mosley, the portfolio addresses key challenges such as cost, scale, and sustainability.
Mosley noted that Seagate delivers end-to-end storage solutions from cloud to edge, designed to support customers in a data-driven world.
Since its 2021 Investor and Analyst Event, Seagate has: Made structural changes to improve supply and cost efficiency
Enhanced product mix and extended demand visibility
Mosley emphasized the company's strengthened position, crediting the global team's dedication. He expressed confidence in Seagate's strategy and technology to lead the future of data storage.
During the event, Seagate revealed new financial targets through FY2028. These targets are supported by broader adoption of its HAMR technology.
In addition, the company announced a $5 billion increase in its share repurchase authorization. The Board of Directors approved this move to reinforce Seagate's focus on capital returns and long-term confidence.
The authorization has no time limit. Future repurchases will depend on several factors, including financial performance, cash flow, and capital needs.
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