STX · News · 20260808N

Competition and Market Share

Seagate Technology Holdings plc · 2026-08-08 · 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

• Kwmg LLC reduced its Seagate stake by 10.1% in the second quarter, selling 4,893 shares and retaining 43,371 shares valued at $41.9 million, making Seagate its 6th largest holding at 3.0% of its portfolio. source