Technology
Price
$849.28
+6.34%Market Cap
$189.91B
Day High
$852.98
Day Low
$805.01
Seagate's fiscal 2026 results surged on a 40% jump in nearline exabyte shipments and strong pricing discipline, though macroeconomic and trade uncertainties persist.
Key risk: Customer concentration
A limited number of key customers account for a significant portion of revenue, with one customer representing approximately 14% of consolidated revenue in fiscal 2026. Loss of or reduced purchases from these customers could have a disproportionate adverse effect.
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