Seagate Crushes Q3, AI Drives Record Growth

Seagates Q3 soars with $3.11 billion revenue, driven by AI data storage demand, and boosts margins to 46.5% and 47% (GAAP and non-GAAP respectively). The company forecasts $3.45 billion for Q4, surpassing Wall Streets estimate. Shares surge 17% in premarket trading, lifting the storage sector. Seagate also announces a $0.74 per share quarterly dividend. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d93632685bf29b7c

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