Seagate (STX) Q4 Revenue Jumps 48.5%, Vertiv (VRT) Q2 Up 24.1%; Vertiv Shares Fell 9.63% on Sep 9
Seagate Technology (NASDAQ:STX) reported fiscal Q4 revenue of $3.63 billion, up 48.5% year-over-year, with non-GAAP EPS of $5.71, beating the $5.09 consensus. Vertiv (NYSE:VRT) posted Q2 revenue of $3.27 billion, up 24.1% year-over-year, with adjusted operating margin expanding 410 basis points to 22.6%. Vertiv shares dropped 9.63% on September 9, despite a 109.52% one-year run, while Seagate's stock is up 222.51% year-to-date. Analysts note Seagate's nearline drives are fully allocated through 2027, offering clearer earnings visibility, while Vertiv is seen as a higher-beta bet on AI infrastructure buildout, with plans to acquire UtilityInnovation Group.
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