Seagate Technology Holdings PLC (STX) Q4 Earnings Report: A Closer Look

Seagate Technology Holdings PLC reported Q4 earnings of $2.59 per share, beating the Zacks Consensus Estimate by 5.3%. Non-GAAP revenues of $2.44 billion rose 30% YoY, driven by massive data growth and strong cloud-driven demand. The company's HAMR technology has been a key driver of growth, increasing areal density and supporting next-generation storage solutions. Mass capacity revenues surged 40% YoY to $2 billion, driven by stronger nearline cloud demand.