Seagate Highlights Strategy to Build Long-Term Value in Today’s Data-driven World
Sets new financial targets through FY2028, underpinned by the adoption of Seagate’s first-to-market HAMR technology and continued focused execution
Seagate Technology Holdings plc (NASDAQ: STX), a global leader in large-scale data storage solutions, held its 2025 Investor and Analyst Event today. During the event, the company presented a detailed strategic roadmap focused on seizing upcoming growth opportunities, enhancing profitability, and creating lasting value for both customers and shareholders.
“Technology innovation and AI are fuelling exponential data growth and driving demand for the hard drive storage industry. Seagate today is uniquely positioned to capture this opportunity with our Mozaic portfolio powered by market-leading HAMR technology. Our differentiated portfolio addresses critical data center challenges, including cost, scale and sustainability, enabling us to deliver storage solutions for customers from cloud to edge,” said Dave Mosley, Seagate’s Chief Executive Officer.
“Since our last Investor and Analyst Event in 2021, we have made structural improvements to extend demand visibility, maintain supply discipline, optimize product mix, and streamline cost structure. We are a stronger company today thanks to the dedicated efforts of our global team. This is an incredibly exciting time at Seagate, and we are confident we have the right technology and strategy to lead the next era of storage in today’s data-driven world, while delivering enhanced value to shareholders,” concluded Mosley.
Financial Goals Set Through Fiscal Year 2028
As part of its forward-looking plan, Seagate introduced new financial targets extending through FY2028. These goals are anchored by the rollout and adoption of Heat-Assisted Magnetic Recording (HAMR) technology, which is expected to play a key role in enabling future innovation and scaling storage capacities.
$5 Billion Share Buyback Authorization Announced
In a move signalling strong confidence in its long-term financial health, Seagate’s Board of Directors approved an expansion of the company’s share repurchase program to $5 billion. This initiative highlights Seagate’s ongoing commitment to returning value to shareholders. The repurchase plan has no expiration date and will be executed based on factors such as financial performance, available cash flow, capital needs, and other business considerations.
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