STX growth supported by AI/video demand and customer agreements
High-capacity storage demand is outpacing supply, driven by AI, video and robotics applications. STX says transitions to higher-capacity HAMR and stable OpEx support revenue, margin and free-cash-flow growth.
Demand for high-capacity storage continues to outpace supply, driven by AI, video and robotics applications. The company said technology transitions to higher-capacity HAMR drives and stable OpEx are supporting strong revenue, margin and free cash flow growth, with robust customer agreements and an expanding market opportunity.