{
Dave Mosley

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Seagate Technology updates on HAMR drives and production challenges at conference

Seagate Technology's CEO, Dave Mosley, announced at the UBS Global Technology and AI Conference that the company has completed qualification testing for its HAMR-based Mozaic drives, with initial shipments expected soon for a major cloud service provider. However, Seagate faces challenges in meeting HDD demand, leading to a projected revenue impact of up to $200 million for the fiscal third quarter ending March 28, 2025, despite stable revenue expectations for the fiscal second quarter ending December 27, 2024. For more insights, visit Seagate's Investor Relations website.
@gurufocus
United States Dollar USA Dave Mosley
TradFi, Market Report
14:25 03.12.2024

Seagate CEO to Present Business Update at UBS Technology Conference

Seagate’s CEO, Dave Mosley, will present a business update at the UBS Global Technology and AI Conference, focusing on the completion of HAMR drive testing and upcoming shipments. While HDD demand is rising, production delays may reduce Q3 revenue by up to $200 million, although Q2 results meet expectations.
TipRanks Financial
United States Dollar SEAGATE TECHNOLOGY HOLDINGS USA Dave Mosley
TradFi, Market Report
12:31 03.12.2024
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