Seagate forecasts first-quarter revenue and profit below estimates, shares slump

Tehnologie

Seagate Technology forecast first-quarter revenue slightly below Wall Street expectations on Tuesday, hurt by weak demand for its storage devices amid ongoing uncertainty in the personal computer market, sending its shares down 8 per cent in extended trading. Despite optimism surrounding on-device AI features and an anticipated Windows 11 refresh cycle, end-market demand for PCs remains uncertain as consumers navigate a shifting macroeconomic and global trade landscape. The company expects

Seagate forecasts first-quarter revenue and profit below estimates, shares slump https://www.channelnewsasia.com/ - 30.07.2025 01:47

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Seagate forecasts first-quarter revenue and profit below estimates, shares slump https://www.channelnewsasia.com/ - 30.07.2025 01:47