[HYDZ HL] Seagate Reports Q4 Earnings, Results Beat Expectations, Customer Demand Exceeds Supply, HMAR Commercialization Accelerates, Continue to Favor HDD HMAR Shovel Stock [Sundata]

English summary

Today, Seagate released its latest quarterly earnings; in summary, results beat expectations. FQ4'26 Adjusted EPS of $5.71 (above guidance upper end of $5.20 and market expectation of $5.08), record non-GAAP gross margin of 52.7%. FQ1'27 EPS guidance midpoint of $7.30, +30% QoQ. Summary: >Price increases: September quarter pricing +25% YoY (vs. June quarter +10% only)>Edge drives are not subject to long-term agreements (LTA) → more flexible trading, supporting intra-quarter price adjustments + competitor NAND flash prices rising significantly → freeing up huge room for HDD price increases >Order visibility lengthened + customer base widened >Previously order schedule only to 2027 → now nearline capacity generally scheduled to 2028, and some customers are planning 2029 demand. ...