Core Insights - Öhlins Racing has launched its first front fork specifically designed for Harley-Davidson motorcycles, named the American V-Twin 48 Blackline front fork, alongside the new STX Pro Blackline shock absorber, both aimed at enhancing ride comfort and experience for Harley-Davidson enthusiasts [1][7]. Product Details - The American V-Twin 48 Blackline fork features a weight- and stress-optimized design, incorporating Öhlins' 30-mm NIX damping system for improved precision and stability, and is treated with a titanium nitrate coating to reduce friction [3][4]. - The STX Pro Blackline shock offers enhancements over its predecessor, featuring a sleek all-black design with gold details, and is available in 12" and 13" dimensions, designed for late-model Harley-Davidsons [5][6][7]. Market Introduction - These new products will be showcased at the EICMA Motorcycle Show from November 5-10, 2024, providing an opportunity for riders and industry insiders to experience the latest advancements in suspension technology for the American V-Twin segment [2][8]. - The estimated launch date for the American V-Twin 48 Blackline fork is mid-December 2024, while the STX Pro Blackline shock is already available through authorized dealers [7]. Company Background - Öhlins Racing has over 45 years of experience in the motorsport and automotive industries, focusing on high-quality suspension products and services [9].

Seagate Technology Today STX Seagate Technology $101.32 -1.69 (-1.64%) 52-Week Range $66.93 ▼ $115.32 Dividend Yield 2.84% P/E Ratio 26.45 Price Target $118.83 Add to Watchlist Seagate Technology Holdings PLC NASDAQ: STX is the world's largest manufacturer of hard disk drives (HDDs), competing with Western Digital Co. NASDAQ: WDC, one of the largest makers of flash solid state drives (SSDs). After eight consecutive quarters of declining revenue facing normalization from the industry inventory glut, Seagate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number 001-31560 _______________________________________ SEAGATE TECHNOLOGY HOLDINGS PUBLI ...

Investors might want to bet on Seagate (STX) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earni ...

Seagate Technology Holdings plc (STX) reported first-quarter fiscal 2025 non-GAAP earnings of $1.58 per share, beating the Zacks Consensus Estimate by 6.8% and coming toward the high end of management’s guidance of $1.40 per share (+/- 20 cents). The company reported a non-GAAP loss of 22 cents per share in the year-ago quarter. This improvement in the bottom line was driven by a favorable mix shift to mass-capacity products and a better pricing environment.Stay up-to-date with all quarterly releases: See Z ...

Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst ...

O SEAGATE SUPPLEMENTAL FINANCIAL INFORMATION Q1FY25 OCTOBER 22, 2024 Safe Harbor Statement and Use of Non-GAAP Financial Information This document and our other communications regarding our quarterly financial results contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. F ...

Financial Data and Key Metrics - Revenue for Q1 2025 was $2.17 billion, up 15% sequentially and 49% year-over-year [6][15] - Non-GAAP EPS was $1.58, at the high end of the guidance range [6][15] - Non-GAAP gross margin expanded by 240 basis points sequentially to 33.3%, the highest level in over a decade [7][18] - Non-GAAP operating income increased 35% sequentially to $442 million, with a non-GAAP operating margin of 20.4% [15] - Free cash flow generation was $27 million, with expectations for improvement in the December quarter [19] Business Line Data and Key Metrics - HDD exabyte shipments grew 20% sequentially to 128 exabytes, with revenue increasing 16% to $2 billion [15] - Mass capacity revenue grew 21% sequentially to $1.7 billion, driven by strong nearline cloud demand and enterprise sales [15][16] - Mass capacity shipments totaled 128 exabytes, up 23% sequentially, representing a record 93% of total HDD exabyte shipments [16] - Legacy product sales totaled $270 million, representing 12% of total revenue, while other businesses held steady at $164 million [17] Market Data and Key Metrics - Cloud demand for nearline drives remained robust, particularly from U.S. cloud providers, with positive global demand trends [8] - Enterprise and OEM markets saw the first meaningful uptick in nearline demand after a period of stability, with average capacity per enterprise drive reaching a new record high [9] - VIA markets remained stable, with a shift towards higher capacity drives due to longer data retention needs and increased video analytics [10] Company Strategy and Industry Competition - The company is focusing on ramping its final PMR platform, expanding Mozaic adoption, and executing its Mozaic product roadmap to address mass capacity storage needs [12] - HAMR technology is expected to play a vital role in supporting future demand growth, with qualifications progressing well and shipments expected to ramp by mid-2025 [13] - The company is confident in its technology leadership, with plans to extend its HAMR roadmap to 4+ terabytes per disc, further reducing cost per terabyte [14] Management Commentary on Operating Environment and Future Outlook - Management highlighted a favorable demand environment, with strong cloud demand and improving enterprise and OEM markets [6][8] - The company expects significant revenue growth for fiscal 2025, with seasonal demand fluctuations typical for the March quarter [7] - Management expressed confidence in the company's ability to drive profitable growth, supported by its build-to-order model and technology roadmap [7][14] Other Important Information - The company increased its quarterly dividend by nearly 3%, reflecting confidence in future opportunities [7] - Inventory increased to $1.4 billion, with material staged to support improving mass capacity demand [20] - The company closed the quarter with $2.7 billion in available liquidity, including an undrawn revolving credit facility [20] Q&A Session Summary Question: Demand visibility and seasonality for the March quarter [24] - The company has good demand visibility through its build-to-order model, with confidence in bookings for the next year [25] - Seasonality in some markets is expected, but cloud demand remains predictable with low inventory buffers [25] Question: Market share and pricing environment [28] - Market share is seen as an outcome of the company's strategy, with a focus on predictability and profitability rather than pushing for market share [29] - The pricing environment remains positive, with ongoing improvements in gross margin driven by mix and pricing actions [31] Question: Cyclicality and gross margin upside [33] - The company has improved its processes to manage supply and demand, with a focus on cost reduction and aerial density gains to drive gross margin expansion [34] Question: Gross margin expansion in the December quarter [36] - Gross margin expansion is expected to continue, driven by pricing actions and the ramp of the latest PMR products, though the pace may moderate compared to previous quarters [37] Question: HAMR qualification and customer feedback [38] - The company is confident in the progress of HAMR qualifications, with multiple global cloud and enterprise customers now testing the technology [39] - Feedback from customers has reinforced the value proposition of the Mozaic platform [40] Question: Impact of HAMR ramp on gross margins [43] - HAMR is expected to be accretive to gross margins in the near term, with cost per terabyte below that of PMR [45] Question: Operating expenses and share repurchase plans [47] - Operating expenses increased due to variable compensation, with expectations to remain flat through the rest of the fiscal year [47] - The company plans to address debt maturing in January with cash on hand, with share buybacks likely further in the future [47] Question: Capacity outlook and technology transitions [50] - The company plans to expand exabyte capacity through technology transitions, leveraging higher capacity points to drive efficiency and cost reduction [51] Question: Nearline demand visibility and seasonality [53] - Nearline demand visibility extends out to nine months, with mass capacity demand expected to remain strong through the front half of the year [53] - Seasonality is expected in the legacy and VIA markets, with the March quarter typically being weaker [54] Question: Capacity management and component changes [60] - The company is focused on technology transitions rather than adding more units, with aerial density gains allowing for more efficient capacity expansion [61] Question: Unit shipments and idle capacity [63] - The company did not provide specific unit shipment guidance but noted that factories are relatively full, with a focus on transitioning to higher capacity products [64] - Idle capacity is minimal, with high utilization rates in both ads and media fabs [74] Question: Build-to-order visibility and SMR mix [77] - The majority of build-to-order agreements are fully committed by customers, providing strong visibility [79] - SMR is primarily used by a few cloud and client server customers, with the company focusing on maximizing factory utilization [78] Question: AI and PC refresh cycle [72] - The company sees potential for AI-driven PC refresh cycles, particularly for creative professionals, though the timing remains uncertain [73]

For the quarter ended September 2024, Seagate (STX) reported revenue of $2.17 billion, up 49.1% over the same period last year. EPS came in at $1.58, compared to -$0.22 in the year-ago quarter.The reported revenue represents a surprise of +2.41% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $1.48, the EPS surprise was +6.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Seagate (STX) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to loss of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.76%. A quarter ago, it was expected that this electronic storage maker would post earnings of $0.75 per share when it actually produced earnings of $1.05, delivering a surprise of 40%.Over the last four quarters, the company ...