STX · News · 20260805N

Competition and Market Share

Seagate Technology Holdings plc · 2026-08-05 · Importance 13 · Surprise 6

Seagate and Western Digital are described as forming a practical duopoly in the hard disk drive market. Western Digital’s cloud-driven results and extended customer agreements provide evidence of continued competitive intensity in high-capacity storage. Seagate’s stronger reported outlook and pricing performance have led analysts to compare it favorably with Western Digital, although both companies remain exposed to peak-margin and valuation concerns.

Key facts

• Sanders Capital disclosed beneficial ownership of 3,496,343 Seagate shares, representing a 1.56% stake, and shared voting power over 1,687,070 shares. source