$751.07
592.0% vs S&P 12m
Business overview
Pure-play HDD with HAMR ramp; areal density gains tied directly to AI training data lake economics.
Cleanest beneficiary of cold-storage demand for AI training datasets; HAMR is the next leg of cost-per-bit improvement.
Products
- Enterprise HDD
- HAMR drives
Customers (2)
- Hyperscalers
- Cloud archive providers
Competitors (2)
- Western Digital
- Toshiba
Composite score
Higher = stronger overall research case
Fundamental73
Technical84
Valuation20
AI relevance55
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 50
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 75.4%6M RS: 176.0%12M RS: 592.0%Vol30d: 56%DD52w: -9.9%
Financial summary
Curated, illustrative
Revenue
$11.01B
Growth (YoY)
44.1%
Gross margin
41.6%
Operating margin
35.7%
FCF
$1.61B
Capex
$1.27B
Net cash / (debt)
$-3.03B
ROIC
24.7%
Customer conc.
Medium
Valuation
Market cap
$168.41B
Enterprise value
$171.44B
P/E (TTM)
71.5x
Forward P/E
28.7x
EV / Sales
15.6x
EV / EBITDA
48.8x
P / FCF
104.6x
PEG
0.5x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Capex on HAMR ramp
- 3Demand cyclicality
Score components
What drove the composite
Growth96
Profitability90
Cash generation59
Balance sheet69
Moat / AI relevance62
Capital intensity (higher = lighter)56
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)36
Segment peers
Other companies in Memory