---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000885114.md"
description: "$Seagate Tech(STX.US)Context: STX has pulled back quite a bit recently, but I don’t think the core story has changed. Cloud storage demand is still strong, HAMR is starting to become a bigger part of the business, and Seagate already has a lot of its nearline capacity spoken for well into 2028. The balance sheet is also in much better shape now, with the company back at investment grade.My trade: I’m keeping my core position. At this point, I care a lot more about whether demand, margins and free cash flow stay strong than what the stock does over the next few weeks.Takeaway: What I’m watching now is whether Seagate can keep margins above 50% as HAMR continues to scale. If it can, then I think the long-term story is still very much intact despite the recent pullback."
datetime: "2026-09-03T17:41:52.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000885114.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000885114.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000885114.md)
author: "[CLuo](https://longbridge.com/en/profiles/25175240.md)"
generator: "portal-rs"
---

# $Seagate Tech(STX.US)Context: STX has pulled back …


### Related Stocks

- [STX.US](https://longbridge.com/en/quote/STX.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**