Seagate forecasts second-quarter results above estimates on AI strength
Update: 2025-10-29
Description
Seagate Technology's Q2 outlook is robust, with revenue and profit expected to surpass analyst predictions. The company's storage devices, crucial for AI applications, are in high demand, driving a three percent share increase post-announcement. Seagate's revenue is projected at $2.7 billion, and earnings at $2.75 per share, both beating Wall Street expectations. The positive forecast reflects a stabilizing memory device market, following a two-year oversupply. Seagate's recent quarter results also exceeded expectations, positioning the company well for the AI tools and features rollout.
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