Akcie Seagate za poslední měsíc klesly o 31,7 % kvůli obavám z převisu nabídky po plánovaném navýšení kapacit společnosti Toshiba pro HDD v datových centrech pro AI.
Seagate stock cratered 31% in a month on fears that a Toshiba supply surge will crush pricing, but the upcoming earnings report could either validate those fears or expose them as overblown. Watch one metric above all others to know…
Seagate Technology (NASDAQ:STX | STX Price Prediction) reports fiscal first-quarter results on Oct. 27 after the bell. The shares fell 31.7% over the past month on oversupply fears. This report has to show that AI storage demand and pricing power still hold.
Record Results Run Into a Sharp Monthlong Selloff
Last quarter was Seagate’s fifth straight beat on both EPS and revenue. Non-GAAP EPS of $5.71 exceeded the $5.09 consensus. Revenue rose 48.5% year over year to $3.629 billion. Non-GAAP gross margin reached 52.7%, and free cash flow came in above $1.1 billion.
Management guided to $4.10 billion in revenue, plus or minus $100 million, and non-GAAP EPS of $7.30, plus or minus $0.20. CEO Dave Mosley said fiscal 2027 revenue growth should outpace fiscal 2026’s 34%.
Sentiment turned soon after. Reports that Toshiba plans a major capacity ramp for AI data center HDDs raised concerns of a supply glut. The stock slid from $923.11 on Sept. 23 to $630.49. Barron’s reported that Morgan Stanley has since come out in support of the battered stock.
Analysts Expect Triple-Digit EPS Growth
Metric
Consensus
Year-Ago Actual
Implied YoY Growth
Consensus EPS sits above the guidance midpoint. It has risen since $5.8791 90 days earlier.
Price per Exabyte Will Settle the Oversupply Debate
Pricing is the first metric to watch. June-quarter price per exabyte rose 10% year over year, and management said the supply-demand gap had widened from a few quarters earlier. Management also noted some available output in fiscal Q1, priced favorably. If Toshiba’s ramp is putting pressure on deals, it should show up here first.
Contract coverage is the second test. Mosley said the vast majority of nearline exabytes are allocated into calendar 2028, and customers want to extend planning through 2029 and beyond. You should listen for whether those horizons keep stretching.
Third is the Mozaic 4 ramp. The 44-terabyte HAMR platform is scaling up with the two largest global cloud service providers, and management expected an even stronger contribution in the September quarter. Seagate is one of the picks-and-shovels AI infrastructure names we broke down in a free report on seven stocks powering the AI boom beyond the chipmakers. Seagate plans to exit calendar 2026 with 50% of HAMR exabytes on Mozaic 4. Product transitions bring yield challenges, so delivery against the about 50% operating margin guide matters.
Finally, capital returns. Debt should fall to about $2.4 billion this quarter, and management expects buybacks to increase over the next several quarters.
Locked-In Contracts Have to Beat the Glut Narrative
Seagate keeps exceeding estimates, but the stock still sold off hard on competition headlines. The options market leans cautious, with a full-chain put/call ratio of 1.06. This report gives management room to show that long-term contracted pricing drives results. If Mosley supports the 2028 allocation story with firm pricing and margin data, I think the oversupply concerns lose much of their hold.
Contact [email protected] for any questions or corrections.
Bank of America zvýšila cílovou cenu akcií Seagate (STX) z 1 150 USD na 1 200 USD díky silnější poptávce po pevných discích (HDD) a zvýšila odhad tržeb pro fiskální rok 2027 na 18,7 miliardy USD.
Seagate Technology Holdings PLC (NASDAQ:STX) is positioned for stronger revenue and earnings growth as demand for hard disk drives (HDDs) outpaces the company's long-term expectations, according to Bank of America, which raised its price target on the stock to $1,200 from $1,150.
The bank reiterated its Buy rating, forecasting first-quarter fiscal 2027 revenue at the high end of management's guidance and earnings above its projected range.
Bank of America expects revenue of $4.2 billion for the September quarter, against company guidance of $4 billion to $4.2 billion, and earnings per share of $7.60, above the guided range of $7.10 to $7.50. Wall Street consensus stands at $4.14 billion in revenue and $7.41 in earnings per share.
The analysts expect continued pricing strength, forecasting revenue per terabyte to rise about 22% year over year in the first quarter and around 20% in subsequent quarters. They also anticipate sequential revenue and profitability growth throughout fiscal 2027.
Demand for nearline HDDs, which are used in data centers and cloud storage, is expected to remain above Seagate's long-term target of mid-20% annual growth in exabyte shipments, the bank said.
The transition from conventional perpendicular magnetic recording (PMR) drives to heat-assisted magnetic recording (HAMR) technology should also support margins through lower costs per terabyte. However, the ramp-up of production yields for Seagate's Mosaic 4+ platform could constrain growth.
Bank of America raised its fiscal 2027 revenue estimate to $18.7 billion from $17.5 billion and its earnings-per-share forecast to $36.53 from $32.06.
Its new $1,200 price target is based on 16 times estimated fiscal 2028 earnings per share of $76.24, reflecting a stronger growth outlook and expectations of margins approaching peak levels. The bank expects favourable pricing and margins to persist into 2028.
Seagate očekává, že disky Mozaic 4 s kapacitou až 44 TB budou do konce roku 2026 tvořit 50 % dodávek HAMR měřených v exabajtech a dále podpoří hrubou marži.
Key Takeaways STX's Mozaic 4 rollout supports margin expansion via higher storage density and lower costs per terabyte.STX expects Mozaic 4 to represent 50% of HAMR exabyte shipments by year-end 2026 amid rising cloud demand.Seagate's non-GAAP gross margin reached 52.7% in fiscal Q4 2026, with further gains expected in fiscal 2027.
Seagate Technology Holdings plc (STX - Free Report) is strengthening its profitability outlook through the growing adoption of its heat-assisted magnetic recording (HAMR)-based Mozaic platform. The company's second-generation Mozaic 4 technology, supporting storage capacities of up to 44 terabytes (TB) per drive, is emerging as a key contributor to margin expansion. By increasing storage density while maintaining relatively stable drive production volumes, Seagate is positioned to improve manufacturing efficiency, lower costs per terabyte and capture greater value from its high-capacity storage portfolio.
The Mozaic 4 platform is gaining traction among major cloud service providers. Seagate is currently ramping production with the world's two largest cloud providers, while additional customer qualifications remain underway. The company expects Mozaic 4 to account for 50% of its HAMR-based exabyte shipments by the end of calendar 2026. Management highlighted that Mozaic 4 shipments increased significantly during the June quarter after initial deliveries began in March. The platform contributed meaningfully to its financial performance and is expected to provide further benefits in the September quarter.
Seagate's improving product mix is already supporting substantial profitability gains. In the fourth quarter of fiscal 2026, non-GAAP gross margin reached 52.7%, expanding 570 basis points sequentially. The improvement reflected favorable pricing, increasing shipments of high-capacity nearline drives and disciplined operational execution. Management emphasized that the transition from 3TB to 4TB per disk provides another opportunity to strengthen profitability through higher areal density and improved cost efficiency.
Strong demand from cloud customers, supported by expanding artificial intelligence (AI) workloads and data retention requirements, further reinforces this opportunity. Seagate's value-based pricing strategy and long-term customer commitments provide additional visibility into revenue and margin growth. Management expects sequential gross margin improvements throughout fiscal 2027, supported by continued Mozaic adoption and favorable supply-demand conditions.
However, manufacturing complexity, customer qualification timelines and temporary inefficiencies during technology transitions could moderate near-term gains. Despite these challenges, improving production yields and a richer mix of higher-capacity drives should support further profitability expansion. Overall, the continued rollout of 44TB Mozaic 4 drives strengthens Seagate's prospects for sustained gross margin improvement in fiscal 2027.
Taking a Look at STX’s CompetitorsWestern Digital (WDC - Free Report) is well-positioned to benefit from rising demand for high-capacity storage driven by AI, cloud and data-intensive workloads. Strong cloud demand, favorable pricing and long-term customer agreements support revenue visibility. Its high-capacity ePMR and UltraSMR drives, along with upcoming HAMR technology, strengthen its position among hyperscale customers. A richer product mix, lower cost per terabyte and operating leverage are supporting margin expansion and cash generation. Western Digital issued encouraging first-quarter fiscal 2027 guidance, projecting non-GAAP revenues of $4.1 billion at the midpoint, plus or minus $100 million, representing 45% year-over-year growth.
NetApp (NTAP - Free Report) is benefiting from rising enterprise spending on AI-ready storage, supported by demand for all-flash, Public Cloud and Keystone solutions. Its unified platform and acquisition initiatives strengthen data modernization, AI and migration capabilities. Raised fiscal 2027 guidance signals growth and operating leverage. For the fiscal second quarter, NetApp expects revenues of $2.03-$2.18 billion, non-GAAP gross margin of 67-68%, operating margin of 30.9-31.9% and earnings of $2.54-$2.64 per share. For fiscal 2027, revenues are projected at $7.98-$8.23 billion, with earnings of $9.73-$10.03 per share, reflecting continued growth momentum.
STX Price Performance, Valuation and EstimatesIn the past month, STX’s shares have lost 8.8% against the Zacks Computer Integrated Systems industry growth of 7.7%.
Image Source: Zacks Investment Research
STX’s shares are trading at a forward price-to-earnings multiple of 16.91X, higher than the industry’s 10.74X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for STX’s earnings for fiscal 2027 has been unchanged over the past 60 days.
Image Source: Zacks Investment Research
Currently, Seagate carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie společnosti Seagate za týden klesly o 15,09 %, přesto analytici nesnížili odhady zisku a průměrná cílová cena 1 142,17 USD naznačuje potenciál růstu o 51,6 %.
Seagate shares cratered 15% in a single week even as analysts refused to cut a single earnings estimate and the stock still sits nearly 52% below where the average price target says it should be. Something in that gap is…
Seagate Technology (NASDAQ:STX | STX Price Prediction) trades at $753.25 after a sharp decline left the AI storage leader trading far below analyst targets. Shares fell 15.09% in one week even as earnings estimates kept climbing.
Seagate is a leading supplier of mass-capacity hard drives for cloud data centers. Its Mozaic platform uses heat-assisted magnetic recording (HAMR) to fit more data onto each disk. Fiscal 2026 revenue rose 34.06% to $12.195 billion, and free cash flow reached a record $3.1 billion.
That growth lifted shares 174.44% this year and carried them to a 52-week high of $1,143.27. The stock now sits about 34% below that peak after Barron’s flagged a Toshiba problem for hard drive makers.
Sold-Out Capacity and Rising Estimates Power the Bull Case
Seagate’s forward earnings multiple is 26, while its trailing multiple is 56, a gap that shows how fast profits are growing. The fiscal 2027 EPS consensus is $36.2661, up from $27.7398 90 days ago. Analysts made zero downward revisions over the past 30 days.
Management said nearline capacity is almost fully allocated through calendar 2027, and pricing on fiscal 2027 contracts is already set. Seagate has beaten EPS estimates five straight quarters. Last quarter it posted $5.71 against a $5.0932 consensus, and it guided fiscal Q1 EPS to $7.30.
Cyclical Scars and a Beta Above 2 Keep Bears Circling
Hard drive demand has always moved in cycles. In fiscal 2023, Seagate lost $529 million. Data center sales now make up 80% of revenue, and that business leans on a few of hyperscalers whose spending could slow quickly.
Shares trade at 14.6 times sales and carry a beta of 2.081. Toshiba, Western Digital (NASDAQ:WDC), and flash storage all compete for the same customers, and exchangeable notes due 2028 could dilute shareholders. One analyst rates the stock a Strong Sell.
Mozaic 4 Ramp Will Decide Whether Patience Pays
The stock fell 9.19% over the past month and trades below its 50-day moving average of $855.24. It still holds above its 200-day average of $663.81.
Execution will decide the next move. Mozaic 4 should cross over with Mozaic 3 toward the end of calendar 2026, and HAMR drives take longer to produce than the older technology. Fiscal Q1 results against $4.10 billion revenue guidance will tip the scale. A miss would favor sellers. A beat coupled with stronger fiscal 2027 commentary would favor buyers.
Analysts See 51.6% Upside While Short-Term Momentum Lags
Seagate trades at $753.25, and the average analyst target is $1,142.17, meaning 51.6% upside. The 25 covering analysts rate the stock as follows:
Strong Buy: 4
Buy: 18
Hold: 2
Strong Sell: 1
Seagate is up 174.44% this year, while the S&P 500 is up 14.1%. Over one year the gap is 253.46% against 19.15%. The past week went the other way: Seagate dropped 15.09% while the index rose 0.42%. Price targets are estimates, and analysts can cut them as quickly as the stock falls.
Earnings Momentum Keeps Seagate’s AI Growth Story in Focus
At $753.25, Seagate trades well below the average analyst target.
Earnings are the path higher. Revenue grew 48.49% year over year last quarter, and GAAP gross margin expanded to 52.3% from 37.4%. Locked-in capacity means those gains rest on signed contracts.
The fiscal Q1 report is the next big catalyst. If Seagate meets its $7.30 EPS guide and confirms 2027 pricing, view could recover from the Toshiba shock. Over the next year, the shift to Mozaic 4 should push margins higher still.
Three things would break the thesis: hyperscaler order cuts, falling revenue per terabyte, or a HAMR yield setback. The same data-center expansion driving Seagate’s sold-out nearline capacity also powers a wider group of non-chip suppliers we profiled in a free report on seven AI infrastructure stocks that aren’t chipmakers. With a beta above 2, expect big moves in both directions along the way.
Analysts made no down estimate revisions during this double-digit weekly sell-off, a sign that analyst conviction in one of the market’s clearest AI storage stories held firm.
Contact [email protected] for any questions or corrections.
Seagate's hard drives quietly power the AI boom without a single chip, and the stock already rewarded patient investors with a 261% gain in one year alone. Whether that momentum still has room to run depends on a few factors…
A $1,000 stake in Seagate Technology (NASDAQ:STX | STX Price Prediction) buys into a stock priced at $807.57 per share. That price comes after a 261.04% gain over the past year.
Seagate makes the mass-capacity hard drives that cloud giants fill with AI-generated data, so the question for 2030 is how much of that momentum can still turn into returns from here.
What $1,000 Could Become: Base-Case Answer The model’s longest horizon runs five years, to October 8, 2031. That is the nearest modeled horizon to 2030, so every concrete figure below is tied to it. Treat 2030 itself as an illustrative stop roughly a year short of the modeled target.
The base case suggests a $1,000 investment could be worth about $1,497.70 by the five-year mark, a total return of 49.77%. That outcome rests on a modeled share price of $1,209.52, which works out to 8.41% annualized. For a nearer checkpoint, the one-year base target of $908.18 (a 12.46% return) would lift the stake to $1,124.60.
Confidence in the model stands at 0.9, rated high. All of these figures cover share price only. Seagate’s $2.96 annualized dividend would come on top.
Bull, Base and Bear Scenarios for Your $1,000 Scenario Five-Year Target Price Total Return Value of $1,000 Bull $2,081.50 157.75% $2,577.50 Base $1,209.52 49.77% $1,497.70 Bear $703.09 -12.94% $870.60 Wall Street leans further toward the bull case than the model does. The consensus analyst target is $1,125, and the ratings break down to 4 Strong Buys, 18 Buys, 2 Holds and 1 Strong Sell. The model gives that analyst target a 0.3 weight and puts more weight on forward earnings, making its base case more conservative.
Three Drivers Behind the Upside Record Earnings and Rising Estimates Fiscal 2026 revenue reached $12.195 billion, up 34.06%, with EPS of $15.58 and a record $3.105 billion in free cash flow. In the fourth quarter, non-GAAP EPS came in at $5.71, beating the $5.09 estimate.
Management is guiding fiscal Q1 2027 to $7.30 ± $0.20 in EPS on revenue of $4.10B ± $100M. Analysts expect fiscal 2027 EPS of $35.7809 and fiscal 2028 EPS of $55.3714, and both figures sit above where they were 90 days ago.
Bigger Drives on the HAMR Roadmap Mosaic 4, Seagate’s second-generation HAMR platform, delivers “up to 44 terabytes per drive” with minimal change to the bill of materials.
Mosaic 5 is aimed at 50 terabytes, with qualification shipments targeted for late calendar 2027. Packing more capacity into each drive, rather than shipping more units, is the main reason gross margin rose to 52.3% from 37.4% a year earlier.
Demand Locked In Through 2027 Management says nearline capacity is “almost fully allocated through calendar 2027“. It also raised its annual revenue growth target to “a minimum of 20% over the next few years.”
The CEO put it this way: “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage.” Seagate is one of the suppliers absorbing that AI buildout without actually making chips, and we rounded up seven more like it in a free report on the non-chipmaker AI stocks.
Risks That Could Shrink Your Stake Volatility is the first thing to plan for. Seagate’s beta is 2.081, and over the past 52 weeks the stock’s range spans $207.78 to $1,143.27. Hard drive stocks fell sharply late last week (as MarketWatch reported), leaving Seagate down 12.44% over one week.
Valuation leaves less room for mistakes. The stock trades at a trailing P/E of 58 and a forward P/E of 26. Growth also depends heavily on hyperscaler storage budgets. If cloud spending cools, or if a HAMR ramp runs into yield or qualification delays, earnings estimates could fall quickly.
Other pressures include tariff and trade policy, exposure to the Middle East conflict, possible dilution from the Exchangeable Senior Notes due 2028, and BIS settlement payments (per company disclosures). In the bear case, your $1,000 shrinks to $870.60.
Bottom Line on a $1,000 Seagate Position At the five-year horizon, the model’s range for a $1,000 Seagate stake runs from $870.60 in the bear case, reaching $2,577.50 in the bull case, with $1,497.70 as the base case.
Use 2030 as an illustrative waypoint on that path, and keep an eye on the stock around each earnings report and Mosaic milestone. The projection is not investment advice, and none of these outcomes is guaranteed.
Contact [email protected] for any questions or corrections.
Venture Visionary Partners ve třetím čtvrtletí zvýšila svůj podíl ve společnosti Seagate Technology o 90,6 % na 1 799 akcií v hodnotě 1,66 milionu USD.
Venture Visionary Partners LLC increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 90.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,799 shares of the data storage provider’s stock after acquiring an additional 855 shares during the period. Venture Visionary Partners LLC’s holdings in Seagate Technology were worth $1,660,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in STX. Retirement Wealth Solutions LLC boosted its stake in Seagate Technology by 44.8% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 42 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 13 shares during the last quarter. Cooper Financial Group raised its stake in shares of Seagate Technology by 21.0% in the third quarter. Cooper Financial Group now owns 1,465 shares of the data storage provider’s stock worth $1,351,000 after purchasing an additional 254 shares during the last quarter. Matrix Trust Co bought a new position in shares of Seagate Technology in the third quarter valued at approximately $825,000. Central Pacific Bank Trust Division lifted its holdings in shares of Seagate Technology by 111.7% in the third quarter. Central Pacific Bank Trust Division now owns 2,380 shares of the data storage provider’s stock valued at $2,195,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Seagate Technology by 35.5% during the third quarter. Rosenberg Matthew Hamilton now owns 145 shares of the data storage provider’s stock valued at $134,000 after buying an additional 38 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.
Insider Activity at Seagate Technology In related news, EVP John Morris sold 15,466 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the transaction, the executive vice president owned 31,132 shares in the company, valued at approximately $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at $54,634,952.96. This trade represents a 41.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 466,959 shares of company stock valued at $378,840,741 over the last quarter. Corporate insiders own 0.51% of the company’s stock.
Seagate Technology Stock Performance Shares of STX opened at $807.57 on Thursday. The stock has a 50 day moving average of $858.09 and a 200 day moving average of $788.17. The company has a market capitalization of $183.63 billion, a price-to-earnings ratio of 58.18 and a beta of 2.06. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.
Seagate Technology Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.
Trending Headlines about Seagate Technology Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: AI-driven HDD demand remains a key support. Articles emphasize that AI data centers need large amounts of economical, high-capacity storage, creating an unexpected upcycle for Seagate and rival Western Digital. The long-term investment case is also supported by Seagate’s substantial historical shareholder returns, including dividends. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run? Positive Sentiment: Analyst support is helping sentiment. Morgan Stanley reportedly maintained a Buy rating, while some Wall Street research desks argued that the recent decline overreacted to capacity concerns. Morgan Stanley Remains a Buy on Seagate Tech Neutral Sentiment: Investors are awaiting the next quarterly report. The earnings preview places attention on whether Seagate can sustain its recent growth and deliver against elevated expectations following its prior revenue and earnings beat. What to Expect From Seagate Technology’s Next Quarterly Earnings Report Neutral Sentiment: Seagate is reportedly bidding for TDK’s magnetic-heads business. Acquiring the independent supplier could strengthen Seagate’s component access and competitive position, although the potential multibillion-dollar cost and bidding contest with Toshiba introduce execution and valuation risks. Seagate Reportedly Makes Higher Bid for TDK’s Magnetic-Heads Business Negative Sentiment: Toshiba’s planned HDD capacity increase is the main overhang. Reports that Toshiba intends to substantially expand production have revived fears of oversupply, lower pricing, and reduced margins across the industry. That concern has pressured both Seagate and Western Digital. Toshiba Just Issued a Major Warning to Seagate Stock Negative Sentiment: CEO William Mosley’s stock sale adds a sentiment concern. Mosley sold approximately $17.4 million of Seagate shares shortly before Toshiba’s capacity announcement, raising investor sensitivity even though the transaction does not by itself change the company’s fundamentals. Seagate’s CEO Sold $17.4 Million Before the Toshiba Drop Analysts Set New Price Targets Several brokerages recently issued reports on STX. Morgan Stanley upped their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Melius Research started coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective on the stock. Citigroup upped their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Susquehanna increased their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.
Read Our Latest Report on STX
Seagate Technology Company Profile (Free Report)
Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.
The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.
Further Reading Five stocks we like better than Seagate Technology Skydance Just Became a Media Giant—With an $80 Billion Debt Load Could Velo3D Be the Next Defense Buyout Target? Penguin Solutions Is Soaring as AI Memory Demand Explodes Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).
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A storage company that most investors wrote off as a dying PC supplier did something unexpected over the last decade, and dividends played a stranger role in the outcome than almost anyone would have guessed.
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A $1,000 Stake Grew to About $31,680 If you put $1,000 into Seagate Technology (NASDAQ:STX | STX Price Prediction) on October 7, 2016 and reinvested the dividends, you would have about $31,680 today. That is a 3,068.01% total return from a hard drive maker.
How a PC Supplier Became an AI Storage Supplier In 2016, Seagate’s success rode on the PC market. Over the decade it shifted toward mass-capacity drives for cloud providers. By fiscal Q3 2026, data centers made up 88% of exabyte shipments and 80% of revenue. Management said nearline capacity was “almost fully allocated through calendar 2027.”
Seagate’s technical edge is Mozaic, a drive platform built on heat-assisted magnetic recording (HAMR), which uses a laser to fit more data on each disk. Mozaic 4 holds up to 44 terabytes per drive. Fiscal 2026 revenue rose 34.06% to $12.195 billion, and net income jumped 116.75%.
Ahead of the Market Over 1, 5 and 10 Years 1-Year Return
Initial Investment: $1,000 Current Value: $3,337 Total Return: 233.74% S&P 500 (price only): $1,160 (16%) 5-Year Return
Initial Investment: $1,000 Current Value: $11,352 Total Return: 1,035.17% Annualized Return: 62.56% S&P 500 (price only): $1,776 (77.61%) 10-Year Return
Initial Investment: $1,000 Current Value: $31,680 Total Return: 3,068.01% Annualized Return: 41.28% S&P 500 (price only): $3,623 (262.3%) Dividends Added Over $10,000, and Holding On Took Nerve On share price alone, $1,000 would have grown to roughly $21,262. Reinvested dividends added about $10,418 more. Seagate paid $27.08 per share over the decade, and the quarterly payout rose from $0.63 to $0.74. Taken as cash, that comes to only about $715. Reinvesting those payments for years at prices below $100 is what built the gap.
Holding was rough. The monthly close fell from $112.98 in December 2021 to $49.66 in October 2022, a 56% drop. In March 2025 the stock closed at $84.95. The last year alone tripled your money. The stock now stands 29.9% below its 52-week high of $1,143.27, after losing 11.8% in the past week.
What Seagate’s Valuation Already Prices In Investors who like the stock are counting on AI storage spending staying strong through 2028 and HAMR continuing to drive margins higher. Management forecast for fiscal Q1 2027 revenue of $4.1 billion and EPS of $7.30. The stock trades at about 26x forward earnings, while the trailing multiple is 58x.
The main risk is a slowdown in cloud spending. Hard drives have always been a boom-and-bust business, and 2022 showed how fast a cycle can turn. A few of huge cloud customers drive most of the demand. The stock also trades at 15 times sales.
The best part of the last 10 years came from buying when expectations were low. Today the price already assumes years of strong growth, which leaves less room for upside if growth or cloud spending disappointments. Investors looking for the next wave of AI infrastructure winners beyond the chipmakers can find seven of our favorites, from power to cooling to storage, in a free report here.
Contact [email protected] for any questions or corrections.
Trust Division společnosti Central Pacific Bank ve třetím čtvrtletí zvýšila svůj podíl ve společnosti Seagate Technology o 111,7 % na 2 380 akcií v hodnotě 2,195 mil. USD.
Central Pacific Bank Trust Division boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 111.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,380 shares of the data storage provider’s stock after buying an additional 1,256 shares during the period. Central Pacific Bank Trust Division’s holdings in Seagate Technology were worth $2,195,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC increased its position in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Seagate Technology during the 2nd quarter valued at $39,000. Trust Co. of Vermont acquired a new stake in shares of Seagate Technology during the 2nd quarter worth $54,000. Triumph Capital Management increased its holdings in shares of Seagate Technology by 93.5% during the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after buying an additional 29 shares during the last quarter. Finally, Cornerstone Financial Management LLC raised its position in shares of Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Seagate Technology Stock Performance Shares of STX opened at $887.09 on Tuesday. The firm has a market cap of $201.72 billion, a price-to-earnings ratio of 63.91 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $856.07 and its two-hundred day moving average is $782.73. Seagate Technology Holdings PLC has a 52-week low of $209.00 and a 52-week high of $1,145.00.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year. Seagate Technology Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.
Key Seagate Technology News Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Analysts call the Toshiba-related selloff overdone. Bernstein described the market reaction as a “storm in a teacup,” while other analysts characterized the decline as a potential buying opportunity. The view is that Toshiba’s capacity expansion will take time and may not significantly affect Seagate’s near-term results. Western Digital Jumps 7%, Seagate Climbs 5% as Bernstein Calls Toshiba Selloff a Storm in a Teacup Positive Sentiment: AI infrastructure demand remains the central bullish thesis. Cloud providers building data centers need substantially more high-capacity storage, and Seagate reportedly has nearline-drive contracts extending deep into 2027. Limited industry supply could support utilization, pricing and revenue visibility. Seagate Is Riding One of AI’s Most Important Trends Positive Sentiment: Seagate’s recent operating momentum has been strong. The company’s stock substantially outperformed the S&P 500 over the past year, reflecting investor confidence in its exposure to AI-driven data-center demand. What Was Seagate Telling You Before Its Stock Ran? Neutral Sentiment: The key debate is supply versus demand. Toshiba intends to double HDD production capacity, but investors are assessing how quickly that capacity will come online and whether AI-related demand can absorb the additional drives. Why Western Digital and Seagate Stocks Are Rebounding on Monday? Negative Sentiment: Toshiba’s planned capacity increase remains a longer-term competitive risk. If the expansion materially increases HDD supply, it could eventually pressure Seagate’s pricing, margins and market share. Toshiba Is Doubling Hard Drive Output Negative Sentiment: Reports also cited insider selling. Such activity can weigh on sentiment, particularly after a major rally, although the primary catalyst discussed in the recent coverage was Toshiba’s production announcement. Seagate Technology Shares Gap Down on Insider Selling Wall Street Analyst Weigh In Several equities research analysts have commented on STX shares. Susquehanna upped their price target on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Barclays boosted their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Citigroup upped their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $986.00.
Check Out Our Latest Stock Report on STX
Insider Transactions at Seagate Technology In other Seagate Technology news, EVP John Morris sold 9,354 shares of Seagate Technology stock in a transaction on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the transaction, the executive vice president owned 22,693 shares of the company’s stock, valued at $19,922,411.63. The trade was a 29.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the transaction, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 466,959 shares of company stock valued at $378,840,741. 0.51% of the stock is currently owned by insiders.
Seagate Technology Company Profile (Free Report)
Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.
The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.
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Seagate just shed billions in market cap on a single Toshiba headline, yet its nearline drives are locked into contracts stretching deep into 2027. Whether Friday's selloff was a warning shot or a buying window depends on one question the…
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Seagate Technology (NASDAQ:STX | STX Price Prediction) is trading at $825.46 after a sharp Friday sell-off. Our 24/7 Wall St. price target is $948.73 over the next 12 months. From today’s price, that works out to 14.9% upside.
Metric Value Current Price $825.46 Price Target from 24/7 Wall St. $948.73 Upside/Downside 14.9% Model Rating HOLD Confidence Level 90% Our model gave Seagate a hold rating when the stock closed Thursday at $945.57. At that price the target sat only 0.33% higher, with high model confidence. Friday’s drop opened a wider gap, and the question now is whether the AI storage cycle has topped out or the market has overreacted.
Toshiba Supply Fears Hit a Triple-Digit Rally Shares fell 12.7% on Friday and are down 8.88% for the week. Western Digital (NASDAQ:WDC) dropped too after a report on Toshiba’s production raised concern that the AI storage shortage could ease (Investopedia, Barron’s). Even so, Seagate is up 200.75% year to date. The stock trades 27.8% below its 52-week high of $1,143.27 and far above its low of $207.78.
Fiscal Q4 revenue was $3.629 billion, up 48.49% and ahead of the $3.49 billion consensus. EPS came in at $5.71, beating the $5.09 estimate. Management guided fiscal Q1 to $4.1 billion in revenue and $7.30 in EPS.
Locked-In Demand Could Push Shares Past $1,200 Seagate says its nearline capacity is “almost fully allocated through calendar 2027“, and its build-to-order contracts set pricing through fiscal 2027. Mozaic 4 holds up to 44 terabytes per drive, and Mozaic 5 targets 50 terabytes with qualification shipments planned for late 2027.
Management raised its annual revenue growth target to a minimum of 20%. Analysts count 22 Buy or Strong Buy ratings and set a consensus target of $1,125. Our bull case is $1,220.53, which would be 47.9% above today’s price.
Supply Relief Is the Threat Bears Are Pricing In Friday’s sell-off reflects the main risk: if competitors add supply, hard drive pricing could moderate. Cloud customer concentration, tariffs and possible dilution from the Exchangeable Senior Notes due 2028 add to that risk.
The bear case is $720.21, or 12.8% below today’s price. On the other side, contracted pricing protects fiscal 2027 margins, and Seagate grows capacity through areal density rather than by adding units.
Seagate Outgrows Western Digital and NetApp Western Digital is Seagate’s direct hard drive rival. Its revenue grew 43.84% and its non-GAAP gross margin reached 54.4%, slightly above Seagate’s 52.7%.
NetApp (NASDAQ:NTAP) sells AI data infrastructure built on flash. Its revenue grew 29.89%, which is slower than Seagate. Seagate’s faster growth supports a premium, so the peer group makes our target look reasonable.
Company Market Cap Latest Quarter Revenue Growth Seagate $187.45B 48.49% Western Digital $145.2B 43.84% NetApp $45.17B 29.89% Seagate Price Prediction 2026-2030 The 24/7 Wall St. price target remains $948.73, with the model’s hold rating set at 90% confidence. Seagate’s contracted capacity is what tips the scale for me.
The key test is whether pricing holds through fiscal 2027 contract renewals. Keep an eye on whether Toshiba’s added production starts to drag down revenue per terabyte. Friday’s drop looks larger than the fundamentals support.
Here is where our model projects Seagate would trade assuming present trends continue:
Year Price Target from 24/7 Wall St. 2026 $948.73 2027 $955.92 2028 $939.45 2029 $990.12 2030 $1,049.49 These projections assume Seagate keeps executing its Mozaic roadmap. Faster HAMR adoption could drive results well above these figures, and a supply glut could drive them well below.
Contact [email protected] for any questions or corrections.
Toshiba plánuje zdvojnásobit kapacitu výroby HDD, což poslalo akcie Seagate o 10 % níže a Western Digital o 7 % níže v předobchodní fázi. Trh se obává oslabení nabídky a poklesu cen v segmentu diskových jednotek.
A single capacity announcement from Toshiba sent two of this year's hottest storage stocks into freefall while the rest of the memory sector shrugged it off, and the reason behind that split tells you everything about where the HDD trade…
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One capacity announcement from Toshiba is splitting the storage trade in two, hitting the hard disk drive (HDD) makers heavily while the broader memory group barely moves. Seagate Technology Holdings (NASDAQ:STX | STX Price Prediction) stock is down 10% to $849.79 in morning trading, the sharpest decline among the storage names. Meanwhile, Western Digital (NASDAQ:WDC) shares are slipping 7% to $429.45 as the pure-play HDD company takes a similar hit.
The Roundhill Memory ETF (CBOE:DRAM) is up 0.82% to $62.54, even though Seagate and Western Digital sit among its holdings. Meanwhile, the Invesco QQQ Trust (NASDAQ:QQQ) is up 1.17% to $750.73, so large-cap technology stocks are trading stronger overall. The Roundhill fund would have dropped alongside the two drive makers in a broad memory selloff, so the damage looks confined to one product line.
Demand from artificial intelligence (AI) data centers turned Seagate and Western Digital into two of the year’s standout technology stocks, and Toshiba wants a bigger share of it. Both Seagate and Western Digital beat earnings estimates in every quarter of fiscal 2026, which puts the focus of the selloff directly on future supply.
Toshiba Plans to Double Its Hard Drive Output Toshiba plans to double its HDD production capacity, with the expansion centered on its manufacturing facility in the Philippines. The Japanese company is aiming the added output at storage demand from AI data centers, the same customers that have fueled surging results at Seagate and Western Digital.
Toshiba, the smallest of the three companies that control HDD manufacturing, has set a medium-term target of 30% of the market measured by storage capacity. Reaching that goal would mean taking market share from Seagate and Western Digital in an industry where tight supply has supported rising prices.
Hard Drive Makers Slide While Memory Stocks Hold Firm What Seagate and Western Digital share, and what separates both from the rest of the storage group, is concentrated exposure to the exact product Toshiba plans to build more of. Micron Technology (NASDAQ:MU), SanDisk (NASDAQ:SNDK) and SK Hynix (NASDAQ:SKHY) benefit from the same AI infrastructure boom through memory chips and flash storage without that HDD concentration. That likely explains why the Roundhill fund is holding steady.
Both stocks’ big runs this year leave them sensitive to news suggesting the industry’s supply and demand balance could loosen. Before the drop, Seagate shares were up 210% year to date (YTD), and Western Digital stock was up 150% YTD.
Western Digital CEO Irving Tan linked pricing directly to scarcity on the company’s August 5 earnings call, stating, “In the very tight supply environment that we’re in, that provides us an opportunity for increased pricing leverage as well.” Seagate has leaned on the same discipline, with chief executive Dave Mosley asserting on the company’s April 28 call, “The total number of units is not really increasing.” Toshiba’s plan to double its output works directly against that approach.
What to Watch Next Long-term contracts give Seagate and Western Digital some protection against Toshiba’s added supply. Nearline capacity at Seagate (the high-capacity drives sold to data centers) was almost fully allocated through calendar 2027, the company stated in April. Guidance from Western Digital calls for the company’s fiscal Q1 2027 revenue to reach $4.1 billion, plus or minus $100 million.
What remains unknown is how quickly Toshiba’s new capacity reaches cloud buyers. Any slide in the Roundhill Memory ETF to match the two stocks would suggest the worry is spreading beyond HDDs.
Contact [email protected] for any questions or corrections.
Seagate Technology, Keurig Dr Pepper, Independent Bank Corp a Great Southern Bancorp mají tento týden ex-dividend datum; u Seagate je poslední den pro nákup s nárokem na dividendu dnes, u ostatních v pátek.
Four dividend deadlines are converging this week, and missing the cutoff by even one trading session pushes the next payment a full quarter away. Before you buy, there are a few balance sheet details on these names worth checking first.
An ex-dividend date is the first trading day on which a stock trades without the right to the upcoming payment. To collect the declared dividend, a buyer must own the shares before that date, which means the trade has to be placed no later than the prior session. Miss the deadline and the next payment is a full quarter away, since all four names below pay quarterly. Share prices also typically adjust downward by roughly the dividend amount on the ex-dividend date, so chasing a single payout rarely leaves a buyer ahead. Three of the four names here are regional banks, so treat this roster as concentrated rather than diversified.
Ex-dividend date is the cutoff to qualify. The payment date is when the cash actually lands in the brokerage account, and for this group those dates fall in early to mid-October.
Seagate Technology (STX): Buy-By Deadline Is Today Seagate Technology (NASDAQ:STX | STX Price Prediction) is an Irish-domiciled data storage company whose mass-capacity hard drives sit at the center of the AI storage build-out. The board declared a $0.74 quarterly cash dividend with an ex-dividend date of September 24, 2026 and a payment date of October 7, 2026. That makes today, Wednesday, September 23, 2026, the last session to buy and still receive the payment. The indicated forward annual dividend is $2.96, and Alpha Vantage lists the trailing dividend yield at just 0.34%, reflecting how far the shares have run.
Fiscal 2026 non-GAAP diluted EPS came in at $15.58 on revenue of $12.195B, with free cash flow of $3.105B. Against annualized dividends of $2.96, the payout ratio on EPS is well below 20%, and the company still retired $1.40B of debt during fiscal year 2026. The low reported yield reflects a stock trading near its 52-week high of $1,144.18.
Keurig Dr Pepper (KDP): Ex-Dividend September 28 Keurig Dr Pepper (NASDAQ:KDP) is a North American beverage company whose portfolio spans single-serve coffee, Dr Pepper, Snapple, and, following the April close of JDE Peet’s, a broader global coffee footprint. On September 16, 2026, the board declared a quarterly cash dividend of $0.23 per share, with an ex-dividend date of September 28, 2026 and a payment date of October 9, 2026. The last day to buy in and qualify is Friday, September 25. Alpha Vantage puts the trailing dividend yield at 3.00% on an indicated annual dividend of $0.92.
Reported Q2 2026 GAAP diluted EPS was just $0.04, weighed down by $850M items affecting comparability including $314M inventory step-up and $318M acquisition/integration costs tied to JDE Peet’s. On a non-GAAP basis, Q2 EPS was $0.57 and Q2 free cash flow was $714M, which comfortably covers the dividend at current run rates. The trade-off is leverage: pro-forma leverage stood at 4.4x at 6/30/2026, targeting ~4.1x by year-end 2026, and management has flagged a planned separation of beverage and coffee portfolios in early 2027. The payout looks funded, but the balance sheet warrants attention.
Independent Bank Corp (INDB): Ex-Dividend September 28 Independent Bank Corp (NASDAQ:INDB) is the Rockland, Massachusetts-based parent of Rockland Trust, a community bank concentrated in eastern Massachusetts. The board declared a quarterly dividend of $0.64 per share on September 17, 2026, with an ex-dividend date of September 28, 2026 and a payment date of October 9, 2026. The indicated forward annual dividend is $2.56, and the trailing yield sits at 3.03%. This payment reflects the quarterly dividend RAISED 8.5% from $0.59 to $0.64/share announced earlier in 2026.
Q2 2026 EPS came in at $1.70, a slight miss versus the $1.78 est, but annualized dividends of $2.56 still land under a 40% payout ratio. Reported NIM was 3.85%, deposits totaled $20.4B, 84.1% core, and net charge-offs were minimal at 0.02% annualized. The credit item to watch: rising criticized commercial loans (+21.7% in Q1) and CRE office concentration ($1.024B portfolio with $115.6M criticized). Nothing broken, but not nothing.
Great Southern Bancorp (GSBC): Ex-Dividend September 28 Great Southern Bancorp (NASDAQ:GSBC) is the Springfield, Missouri-based holding company for Great Southern Bank, a Midwest community lender. The board declared a quarterly dividend of $0.43 per share on September 16, 2026, with an ex-dividend date of September 28, 2026 and a payment date of October 14, 2026, the latest payment date in this group. The indicated forward annual dividend is $1.72, and the trailing yield is 2.19%.
Q2 2026 GAAP EPS was $1.43, a beat versus the $1.38 est, and adjusted EPS excluding one-time consolidation charges was $1.57. Against $1.72 in annualized dividends, single-quarter earnings alone nearly cover a full year of payouts. Capital is a fortress: CET1 of 14.0%, TCE/TA of 11.47%, non-performing assets at 0.17% of total assets, and a recently completed branch consolidation program projected to add $2.3\u20132.7M annual pre-tax income beginning Q4 2026.
Deadline Discipline The takeaway is calendar discipline. Buying a stock just to collect a single dividend rarely works, because the share price typically resets lower by roughly the payout on the ex-dividend date and the tax bill still arrives. If any of these names already fits a longer-term thesis, the deadline for the current payment is Wednesday, September 23 for Seagate and Friday, September 25 for the three others. Miss those dates and the next payment is a full quarter out.
Contact [email protected] for any questions or corrections.
Seagate Technology v pátek vzrostla o 6,9 % po silných výsledcích: tržby 3,63 miliardy USD a zisk 5,71 USD na akcii překonaly odhady. Firma zároveň pro 1. fiskální čtvrtletí 2027 odhaduje EPS 7,10 až 7,50.
Shares of Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) shot up 6.9% during trading on Friday . The company traded as high as $872.00 and last traded at $858.79. Approximately 6,949,630 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 4,349,833 shares. The stock had previously closed at $803.13.
Trending Headlines about Seagate Technology Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Investor enthusiasm is being supported by Seagate’s strong operating momentum. The company recently reported quarterly revenue of $3.63 billion, up 48.5% year over year, while earnings of $5.71 per share exceeded the $5.10 consensus estimate. Management’s fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50 further supports the bullish outlook. AI boom article Positive Sentiment: Seagate’s gross margin reached 52.7% last quarter, reflecting the company’s ability to raise prices amid tight storage supply and strong demand. Investors are watching whether pricing power and elevated margins can persist as data-center customers expand capacity. Gross margin article Positive Sentiment: Wall Street remains broadly optimistic, with analysts citing Seagate’s outperformance versus other AI-infrastructure stocks and maintaining favorable growth expectations. AI infrastructure comparison Neutral Sentiment: Seagate retired approximately $150.7 million of 2028 exchangeable notes using cash and about 1.65 million ordinary shares. The move reduces upcoming debt but involved share issuance, creating a modest dilution consideration. Debt retirement article Negative Sentiment: Valuation and insider selling remain risks. EVP John Morris sold roughly $11.9 million of stock, reducing his position by 33.19%; the filing said the transaction covered tax withholding tied to vested equity awards, limiting—but not eliminating—the bearish signal. After a roughly 300% one-year rally, investors may also question how much AI-driven growth is already priced in. Insider selling article Analyst Upgrades and Downgrades A number of equities analysts have commented on STX shares. Wall Street Zen cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 6th. Wedbush lifted their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Mizuho raised their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. China Renaissance boosted their target price on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $986.00.
View Our Latest Stock Report on Seagate Technology The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $195.28 billion, a P/E ratio of 61.87 and a beta of 2.06. The stock’s 50-day simple moving average is $842.11 and its 200-day simple moving average is $739.30.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.
Seagate Technology Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is 21.33%.
Insider Buying and Selling In related news, CFO Gianluca Romano sold 49,984 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the transaction, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 457,605 shares of company stock worth $370,403,041. Insiders own 0.51% of the company’s stock.
Hedge Funds Weigh In On Seagate Technology Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Geode Capital Management LLC grew its position in shares of Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after buying an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after purchasing an additional 243,551 shares during the period. National Pension Service raised its stake in Seagate Technology by 0.8% in the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after buying an additional 6,944 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $498,363,000. 92.87% of the stock is currently owned by institutional investors.
About Seagate Technology (Get Free Report)
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Christopher Morris also recently made the following trade(s):
On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The stock was sold at an average price of $781.23, for a total transaction of $385,146.39. On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36. On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total transaction of $2,986,314.60. On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total transaction of $436,987.42. On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. STX opened at $803.13 on Friday. The stock has a market cap of $182.62 billion, a PE ratio of 57.86 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00. The business’s fifty day simple moving average is $843.14 and its 200 day simple moving average is $738.45.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The company’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year. Seagate Technology Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.
Analyst Upgrades and Downgrades A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen boosted their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. Melius Research began coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Finally, Mizuho lifted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $986.00.
Check Out Our Latest Analysis on Seagate Technology
Seagate Technology News Summary Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock. Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility. Hedge Funds Weigh In On Seagate Technology A number of large investors have recently bought and sold shares of STX. Wellington Management Group LLP boosted its stake in shares of Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Geode Capital Management LLC grew its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after purchasing an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares during the period. National Pension Service raised its holdings in Seagate Technology by 0.8% during the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after buying an additional 6,944 shares during the last quarter. Finally, Norges Bank purchased a new stake in Seagate Technology during the 4th quarter valued at $498,363,000. 92.87% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology Company Profile (Get Free Report)
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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Tržby Seagate z Edge IoT ve 4. čtvrtletí fiskálního roku 2026 vzrostly na 697 milionů USD, meziročně o 20 % a mezikvartálně o 14 %. Růst podpořily omezené dodávky a příznivé ceny NAND.
Key Takeaways Edge IoT generated $697 million in fiscal Q4 revenues, up 20% year over year and 14% sequentially.Supply constraints and favorable NAND pricing supported Seagate's Edge IoT growth in the quarter.Seasonality, SSD displacement and storage competition could challenge Seagate's Edge IoT momentum. While Seagate Technology Holdings plc (STX - Free Report) data center business remains the primary growth engine, its Edge IoT business is also seeing steady momentum.
Seagate reports revenues under two end markets: Data Center, serving hyperscale, CSP, OEM and enterprise customers, and Edge IoT. Edge IoT broadens Seagate’s exposure beyond hyperscale and enterprise data centers into industrial, commercial and consumer environments where data is increasingly created, processed and stored closer to its source.
Its Edge IoT portfolio ranges from 1TB to 32TB storage solutions and supports video and image applications, network-attached storage, smart infrastructure, gaming, streaming, personal computing, creative workflows and data backup.
In the fourth quarter of fiscal 2026, Edge IoT accounted for 19% of revenues, at $697 million, up 20% year over year and 14% sequentially. Ongoing supply constraints and favorable NAND pricing acted as tailwinds.
On the last earnings call, management also noted that unstructured information, including video and sensor data, is increasingly being generated across enterprise and edge environments. These applications can require considerable processing and storage, especially when organizations want to retain data rather than recompute it repeatedly.
However, sustaining Edge IoT growth may not be straightforward. Edge IoT has historically been seasonal, with stronger demand generally occurring in the first half of Seagate’s fiscal year due to back-to-school and holiday spending. STX did not provide a separate revenue outlook for Edge IoT, making it difficult to determine whether the segment can sustain the latest 20% year-over-year growth rate.
The company also acknowledged that SSDs continue to displace lower-capacity HDDs in Edge IoT and client applications.
Edge IoT offers Seagate a complementary growth, but whether the recent momentum can persist depends on demand across edge applications, relative HDD-versus-SSD economics and competitive pressure from both HDD rivals and flash-based storage.
Mapping the Competitive TerrainWestern Digital (WDC - Free Report) is one of STX’s closest competitors. Favorable pricing tailwinds are also benefiting non-cloud HDD markets. In its fiscal fourth quarter, WDC’s Client revenues rose 61% year over year to $225 million, while Consumer revenues increased 38% to $187 million, with both businesses benefiting from improved pricing. Management added that pricing opportunities in Client and Consumer were partly influenced by the pricing of alternative flash-based products.
Western Digital continues to benefit from robust demand, stronger long-term visibility and favorable pricing across its end markets. At the midpoint of its guidance, Western Digital anticipates first quarter fiscal 2027 revenues of $4.1 billion (+/- $100 million), up 45% year over year.
NetApp (NTAP - Free Report) is positioning its platform around AI-ready data infrastructure, providing unified storage, robust security and a single control plane across hybrid multi-cloud environments. For the first quarter of fiscal 2027, NetApp’s All-flash array revenues came in at $1.31 billion, up 47% from the prior-year quarter. NetApp won approximately 350 AI and data lake modernization deals, with management noting larger deal sizes as customers moved from proof of concept to production.
Management further said some customers are shifting from flash-based systems toward hybrid flash for lower-value workloads as pricing rises.
STX Price Performance, Valuation and EstimatesIn the past month, STX’s shares have lost 16.5% compared with the Zacks Computer Integrated Systems industry decline of 1.8%.
Image Source: Zacks Investment Research
STX’s shares are trading at a forward price-to-earnings multiple of 20.39X, higher than the industry’s 11.97X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for STX’s earnings for fiscal 2026 has been revised up 28.7% to $36.09 over the past 60 days.
Image Source: Zacks Investment Research
Currently, Seagate sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Corient Private Wealth LP lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,430 shares of the data storage provider’s stock after selling 10,805 shares during the period. Corient Private Wealth LP’s holdings in Seagate Technology were worth $24,541,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of STX. NewEdge Advisors LLC increased its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after purchasing an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA lifted its stake in Seagate Technology by 820.8% in the fourth quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after buying an additional 8,700 shares in the last quarter. Tredje AP fonden boosted its holdings in shares of Seagate Technology by 446.6% in the fourth quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock valued at $30,662,000 after buying an additional 90,968 shares during the period. USA Financial Formulas acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $1,328,000. Finally, Financial Insights Inc. bought a new stake in shares of Seagate Technology during the second quarter worth $706,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. China Renaissance increased their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Susquehanna boosted their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Argus upped their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $986.00.
Get Our Latest Stock Analysis on Seagate Technology More Seagate Technology News Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027? Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance. Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026 Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On? Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings Insider Buying and Selling In other news, EVP Ban Teh sold 9,862 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company’s stock, valued at approximately $4,443,973.70. This represents a 65.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares in the company, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 186,731 shares of company stock valued at $157,652,942 in the last ninety days. 0.51% of the stock is owned by company insiders.
Seagate Technology Price Performance Seagate Technology stock opened at $830.17 on Monday. The company has a market cap of $188.77 billion, a P/E ratio of 59.81 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $193.32 and a 1-year high of $1,145.00. The company has a fifty day simple moving average of $848.79 and a 200 day simple moving average of $727.69. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.
Seagate Technology Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 21.33%.
Seagate Technology Profile (Free Report)
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
Featured Stories Five stocks we like better than Seagate Technology Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound 3 Small-Cap Biotechs With Binary Catalysts on the Calendar Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).
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Seagate má silný byznys s AI úložišti a nearline kapacity jsou téměř vyprodané až do roku 2027, ale vedení zároveň prodává akcie. Tržby ve fiskálním roce 2026 vzrostly na 12,195 miliardy USD.
Seagate's AI storage business is firing on all cylinders, nearline capacity is spoken for through 2027, and analysts keep raising targets. So why are the CEO, CFO, and CTO quietly selling shares at these prices?
At $830.17, Seagate Technology (NASDAQ:STX | STX Price Prediction) warrants a cautious stance. The AI storage story is real, but so is a 325% one-year rally that leaves little margin for a hyperscaler air pocket.
Seagate is one of two dominant makers of mass-capacity hard disk drives, and its Mozaic platform built on Heat-Assisted Magnetic Recording (HAMR) is now qualified with five of the largest cloud customers. Cloud data center demand pushed fiscal 2026 revenue to $12.195 billion, up 34.06%, with free cash flow of $3.105 billion and $1.40 billion of debt retired. That fundamental turn, plus AI-fueled storage narratives, has driven the stock from the low $200s to the mid $800s inside a single year.
Why the Bull Case Still Has Teeth The setup is legitimate. On the Q3 call, management said the business is “entering a period of structural growth” and raised its multi-year revenue growth target to “a minimum of 20% over the next few years,” with nearline capacity “almost fully allocated through calendar 2027.” Non-GAAP gross margin expanded from 40.1% in Q1 26 to 52.7% in Q4 26, and Q1 27 guidance calls for revenue of $4.10 billion and non-GAAP EPS of $7.30.
Estimates keep rising to meet the story. The average fiscal 2027 EPS estimate has climbed from $26.18 ninety days ago to $35.78, with 20 upward revisions and zero cuts in the trailing 30 days. On that forward number, the forward P/E sits around 23, which is not demanding for a company compounding EPS.
Why the Bear Case Is Sharpening Insiders are voting with their shares. The CEO, CFO, CTO, chief commercial officer, and chief legal officer all appear in recent ordinary-share disposals, including transactions on September 10 at roughly $862. Valuation is stretched on trailing numbers, with a trailing P/E near 60, price-to-sales of 15, and EV/EBITDA of 45. Beta of 2.09 means any hyperscaler capex pause gets amplified.
Concentration is the deeper risk. Management noted the “vast majority” of HAMR supply is allocated to cloud and hyperscale customers, and nearline products were close to 90% of exabyte shipments. That is a fantastic tailwind until it isn’t, and it is why the picks-and-shovels suppliers around the data center (power, cooling, networking) are worth studying alongside the drive makers themselves; we profiled seven of them in a free report on the AI infrastructure buildout.
Why Patience Beats Conviction Here Seagate is doing everything right operationally, yet the stock is already discounting most of it. Shares are down 2.25% over the past week and 5.47% over the past month, a subtle rollover after a parabolic move. The next catalyst is Q1 27 results against a consensus EPS of $7.35. A clean beat with reiterated fiscal 2027 supply commentary would justify chasing. Any softness on pricing, mix, or hyperscaler orders would compress the multiple fast.
What the Data Actually Says About Seagate at $830 Seagate trades at $830.17 with a market cap near $188.77 billion. The average analyst price target is $1,125, implying meaningful upside from current levels, though targets are one input rather than a promise. Of 25 covering analysts, 4 rate it Strong Buy, 18 Buy, 2 Hold, 0 Sell, and 1 Strong Sell. Year to date, STX is up 202.22% versus 12.08% for the S&P 500; over one year, 325.27% versus 16.22%.
Verdict: Fully Valued, Worth Watching At $830.17, Seagate Technology looks fully valued. Here is why.
The bull thesis is intact, but the entry point isn’t. A stock that has tripled in twelve months, trades at roughly 60 times trailing earnings, and is seeing broad C-suite selling at these levels does not need to be bought today to be owned for the cycle. The operational case for continued ownership remains intact: HAMR is qualifying with the right customers, fiscal 2027 nearline capacity is largely spoken for, and Fitch has already moved the credit rating to investment grade.
The setup favors patience over new commitments. A pullback into the low $700s, closer to the 200-day moving average near $606, would rebuild the risk/reward. Alternatively, a clean Q1 27 print showing pricing discipline continuing for a 13th consecutive quarter and firm fiscal 2028 order commentary would give bulls license to chase.
The cost of patience is missing another leg higher. The cost of acting prematurely is buying peak sentiment in a cyclical storage business right as insiders monetize. On this stock, at this price, waiting is the discipline that gets paid.
Contact [email protected] for any questions or corrections.
Seagate nyní dodává HAMR disky do hyperscale kontraktů, zatímco Western Digital čeká na vlastní HAMR produkt až v roce 2027. Seagate ve 4Q zvýšil tržby na 3,63 mld. USD a EPS na 5,71 USD.
Seagate and Western Digital both posted blockbuster quarters with nearly identical revenue guidance, yet one is shipping next-generation HAMR drives into hyperscale contracts right now while the other bets its future on timing the market perfectly.
Seagate Technology (NASDAQ:STX | STX Price Prediction) and Western Digital (NASDAQ:WDC) both closed fiscal 2026 with blockbuster quarters and guided fiscal Q1 2027 revenue to roughly $4.10 billion. Seagate is ramping HAMR-based Mozaic drives into hyperscale contracts today. Western Digital, now a pure-play HDD company after the Sandisk separation, is stretching ePMR further before its own HAMR product ships in 2027.
HAMR Ships Now for Seagate. Western Digital Squeezes ePMR Harder. Seagate posted Q4 revenue of $3.63B, up 48.5% YoY, with non-GAAP EPS of $5.71 topping the $5.0932 consensus. Mozaic 4 drives, capable of up to 44 terabytes per drive, were shipping for revenue to 75% of the leading global cloud customers by March. CEO Dave Mosley told investors Seagate sees “durable long-term demand for mass capacity storage” anchored by its HAMR roadmap.
Western Digital’s quarter showed revenue of $3.75B, up 43.8% YoY, EPS of $3.56, and gross margin of 54.4%. Growth is driven by 40TB ePMR. The 44TB Hammer drive ships in the first half of calendar year 2027. CEO Irving Tan framed this as disciplined execution.
Business Driver Seagate Western Digital Lead HDD Technology Mozaic HAMR shipping 40TB ePMR + UltraSMR Next Milestone Mozaic 5, 50TB, late 2027 44TB Hammer, 1H 2027 Cloud Customer Traction 75% of top cloud customers on Mozaic Cloud = 89% of Q4 revenue First Mover Versus Fast Follower Seagate prioritizes areal density rather than increasing unit volumes, with nearline capacity almost fully allocated through calendar 2027. Western Digital is playing the patient hand. WD’s exabyte shipments grew 22% year over year in Q4, but cost-per-terabyte fell only approximately 8% year over year. Seagate’s HAMR economics are pulling costs faster.
Lens STX WDC Core Bet First mover on HAMR Extend ePMR runway Key Vulnerability Hyperscaler concentration, BIS settlement Late to HAMR volume Forward P/E 23 22 Next Test: HAMR Qualification Speed Watch whether Seagate can push 70% of nearline exabytes onto HAMR by fiscal 2027 without yield issues. For Western Digital, 44TB Hammer qualification with hyperscalers in early 2027 is critical. Also monitor pricing on LTAs extending to calendar years 2029, 2030 and 2031, where WD said commercial constructs are still being negotiated.
Why I Lean Toward Seagate After This Quarter Seagate’s HAMR head start is real, gross margin expanded to 52.3% from 37.4% YoY, and free cash flow hit a record $3.1B for the year. Shares are up 325.27% over the past year, so valuation is not cheap. Western Digital trades at a P/E of 17 with a cleaner balance sheet, a profile often screened by value-oriented investors. Both names face risk if HAMR qualification slips or hyperscaler capex cools. Storage sits alongside power, cooling, and networking on the list of non-chipmaker AI beneficiaries we pulled together in a free report on seven of them.
Contact [email protected] for any questions or corrections.
Seagate uvedl, že poptávka po úložištích dál převyšuje nabídku díky výdajům na cloud, podnikové poptávce a AI. Firma čeká růst výnosů i ziskovosti v každém čtvrtletí letošního fiskálního roku.
These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?Seagate Technology NASDAQ: STX CFO Gianluca Romano said the hard-disk-drive maker expects demand for data storage to continue outpacing supply, supported by public-cloud spending, enterprise demand and emerging artificial intelligence applications.
Speaking at a Citi technology conference, Romano said the current HDD upcycle has been developing for more than three years, with the company reporting improving revenue and profitability over that period. Based on purchase orders already in place, Seagate expects additional improvement through fiscal 2027, he said.
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Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters“Demand is growing even faster than what we were thinking,” Romano said. “The gap between supply [and] demand is not decreasing, it is actually a little bit increasing.”
Technology Transition Drives Exabyte Growth Seagate is focusing on increasing the amount of storage capacity shipped, measured in exabytes, rather than expanding the number of drive units it produces. Romano reiterated the company’s target to grow exabytes at a compound annual rate of at least 25% over the next two to three years.
Which Storage Stock Is Best Positioned to Win the AI Memory War?The strategy centers on heat-assisted magnetic recording, or HAMR, technology. Seagate is transitioning from 30-terabyte HAMR drives to 40-terabyte products and expects to begin qualifying a 50-terabyte drive in roughly a year, Romano said.
Moving from 30 TB to 40 TB raises capacity by 33% while holding unit volumes steady, he said, while a shift from 40 TB to 50 TB would add another 25% increase in capacity per drive. Seagate began selling HAMR products nearly two years ago and is already on its second generation of the technology, with a third generation expected in a few quarters, according to Romano.
He said the second-generation HAMR qualification process is progressing more quickly than the first generation because customers are now more familiar with the technology. The initial deployments required extended testing to validate drive configurations in large data-center environments, he said.
Long-Term Agreements Point to Continued Demand Romano said Seagate has long-term agreements with customers covering the next two to three years and purchase orders for the next four to five quarters. The purchase orders specify product mix, pricing and delivery timing, while longer-term agreements establish exabyte-volume commitments that customers use in planning data-center expansion.
He said customers have requested higher volumes each time the agreements are revisited. Seagate seeks to allocate its expected production capacity without overcommitting on deliveries, Romano said.
Public-cloud customers initially accounted for most of the demand increase seen during the past three years, but enterprise original equipment manufacturers and on-premises data centers have also begun to grow again, he said. Public-cloud customers generally purchase Seagate’s highest-capacity drives, while on-premises customers currently tend to use lower-capacity products.
Seagate may sell 40 TB drives to public-cloud customers, compared with 28 TB or 30 TB drives for certain on-premises data centers, Romano said. The company produces drives ranging from 2 TB to 40 TB to serve varying customer requirements. Romano said on-premises customers may ultimately adopt higher-capacity products as their architectures evolve. AI Applications and Storage Tiers While AI is a significant current demand driver, Romano said traditional data-intensive applications continue to require substantial storage capacity. He also pointed to video AI, robotics, manufacturing automation, quality control and autonomous driving as potential sources of future storage growth.
Autonomous vehicles and robotic systems generate large volumes of camera data that can be stored for performance improvement and compliance purposes, Romano said. He described video-based applications as particularly meaningful for HDD demand because of their storage intensity.
Romano also addressed key-value, or KV, caching, a storage layer that can sit between bulk HDD storage and flash-based application processing. While some caching tiers may use NAND flash, he said certain warm-storage tiers could use hard drives if Seagate meets applicable performance requirements.
“There are some tiers inside KV cache that can use hard disk drive,” Romano said, adding that Seagate believes it has the technology to develop products for those requirements if the opportunity develops.
Pricing, Investment and Capital Returns Romano said pricing has improved across customer segments as demand exceeds supply, though the company intends to implement increases in a sustainable manner rather than aggressively. He said Seagate expects revenue and profitability to rise sequentially during each quarter of the current fiscal year, based on existing orders.
On costs, he said HAMR can provide favorable cost-per-terabyte reductions because the company’s internally produced heads and media have similar unit costs regardless of whether the resulting drive delivers 3 TB, 4 TB or 5 TB of capacity. External component costs can vary by market conditions, he said.
Seagate expects capital expenditures to remain within its stated range of 4% to 6% of revenue. HAMR production requires longer manufacturing cycle times and some additional production space, Romano said, but the company believes those needs can be accommodated within that spending range.
The company expects operating expenses to remain near $300 million per quarter during the current fiscal year, with no anticipated need for significant headcount increases. Romano said Seagate has largely completed its planned debt-reduction activities, aside from one remaining high-interest note it may address next quarter.
After that, he said Seagate expects to direct its strong free cash flow toward increased share repurchases while maintaining a focus on dividend returns. Romano said free cash flow exceeded $1 billion, or $1.1 billion, in the prior quarter, though the company has not established a specific free-cash-flow-margin target.
About Seagate Technology (NASDAQ:STX)Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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Seagate získal objednávky na nearline disky s pevně stanovenou cenou a konfigurací až do konce kalendářního roku 2027. Morgan Stanley čeká, že nedostatek HDD potrvá nejméně do roku 2028.
SummarySeagate Technology has secured nearline drive orders with defined pricing and configuration through the entirety of calendar 2027.I think the story shifted to 2028, when the vast majority of nearline exabytes are already allocated, although pricing visibility is lower.Seagate says HAMR can support at least 25% annual exabyte growth over the next two to three years while keeping drive units broadly stable.Morgan Stanley sees HDD demand growing faster than supply and shortages lasting through at least 2028.I'm downgrading my conviction on this name due to macro risks, even though the HDD pricing thesis remains largely intact. Goodboy Picture Company/E+ via Getty Images
I think Seagate Technology Holdings (STX) is one of the few overlooked names in the memory trade, along with Western Digital.
Before you go to the comment section to remind me that HDDs
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Seagate zakončil fiskální rok 2026 s růstem tržeb o 34 % díky poptávce cloudových zákazníků a aplikacím AI. Firma čeká, že růst tržeb ve fiskálním roce 2027 překoná loňský výsledek.
Key Takeaways Seagate ended fiscal 2026 with 34% revenue growth, driven by cloud demand and AI-enhanced applications.About 90% of exabyte shipments went to data centers, with most nearline exabytes allocated into 2028.HAMR reached about 40% of nearline exabyte run rate, while Mozaic 4 ramps with major cloud providers. Seagate Technology Holdings plc (STX - Free Report) ended fiscal 2026 with strong revenue growth, supported by sustained demand for mass-capacity storage. Fiscal 2026 revenues increased 34%, primarily driven by cloud customers’ demand for data-storage solutions and the growing adoption of AI-enhanced applications. In the June quarter, revenues reached $3.6 billion, rising 17% sequentially and 48% year over year. Management expects fiscal 2027 revenue growth to exceed the fiscal 2026 figure, supported by stronger demand visibility and customer commitments.
Data-center demand remains a major contributor to Seagate’s performance. Data centers accounted for about 90% of exabyte shipments, while the majority of nearline exabytes are already allocated into calendar 2028 under existing long-term supply agreements. Customers are also discussing planning horizons extending through 2029 and beyond. Cloud customers remain the largest source of nearline demand, with three years of sequential quarterly exabyte growth. Seagate said it has not seen evidence of a slowdown as AI adoption adds to demand from traditional data-intensive applications such as video.
The company is also expanding its HAMR-based Mozaic platform to support higher storage density and exabyte growth. HAMR products represented about 40% of nearline exabyte shipment run rate at the end of fiscal 2026. Seagate is targeting nearline exabyte growth in the mid-20% range over the next few years while maintaining relatively stable hard-drive unit output. Mozaic 4, which supports drives of up to 44 terabytes, is ramping with major cloud service providers, while Mozaic 5 remains on track for qualification shipments in late calendar 2027.
For the September quarter, Seagate expects revenues of $4.1 billion, plus or minus $100 million, representing 56% year-over-year growth at the midpoint. Management expects sequential revenue growth and margin expansion throughout fiscal 2027. Pricing is also expected to contribute to sequential improvement, supported by strong demand and the current supply-demand gap.
Taking a Look at STX’s CompetitorsWestern Digital Corporation’s (WDC - Free Report) revenue outlook remains strong, supported by robust cloud and AI-driven storage demand. Fiscal 2026 revenues rose 36% year over year to $12.9 billion, and fourth-quarter revenues surged 44% to $3.75 billion. Cloud remained the primary growth engine, generating $3.3 billion, or 89% of quarterly revenues, up 43% year over year. Client revenues increased 61% to $225 million, and Consumer revenues climbed 38% to $187 million. For first-quarter fiscal 2027, management expects revenues of about $4.1 billion at the midpoint, implying 45% year-over-year growth, reflecting favorable pricing, higher-capacity product adoption and sustained storage demand across its major end markets.
Micron Technology (MU - Free Report) is benefiting from AI-driven demand for memory and storage, tighter DRAM and NAND supply and a richer mix of HBM, data center SSD and high-capacity products. Record third-quarter fiscal 2026 results, a stronger fourth-quarter outlook and durable strategic customer agreements support higher revenue visibility, cash flow and margins. Its cash generation and net cash balance provide flexibility to fund capacity additions while enhancing shareholder value. The company is also widening its data center, automotive, robotics and edge AI opportunities as memory becomes more strategic to system performance. For the fourth quarter of fiscal 2026, Micron expects revenues of $50 billion, plus or minus $1 billion.
STX Price Performance, Valuation and EstimatesIn the past year, STX shares have skyrocketed 343.9%, outperforming the Computer Integrated Systems industry’s growth of 207.3%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company’s shares currently trade at 22.11 forward earnings compared with 12.4 for the industry.
Image Source: Zacks Investment Research
STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have been revised up 28.7% to $36.09 over the past 60 days, while estimates for fiscal 2028 have risen 17.8% to $58.28.
Image Source: Zacks Investment Research
STX currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vertiv i Seagate ve čtvrtletí těžily z poptávky po AI, ale Seagate má kapacitu téměř vyprodanou až do roku 2027. Vertiv naopak rozšiřuje kapacity a zvyšuje celoroční výnosy na zhruba 14 miliard USD.
Vertiv and Seagate both crushed earnings on the same AI tailwind, but their strategies run in opposite directions, and only one of them has capacity left to sell.
Vertiv (NYSE:VRT | VRT Price Prediction) and Seagate Technology (NASDAQ:STX) delivered two of the loudest post-earnings statements in AI infrastructure. Vertiv sells the power and cooling that keep GPU clusters alive. Seagate sells the mass-capacity drives that hold the data those clusters generate. Same tailwind, very different physics.
Power Racks and Platters Both Ran Hot Vertiv posted Q2 2026 revenue of $3.27B, up 24.1% YoY, with organic growth of 18% and adjusted operating margin expanding 410 basis points to 22.6%. CEO Giordano Albertazzi told investors, “The momentum is strong. It’s broad-based, and it’s accelerating.” Backlog coverage and new capacity in Malaysia and the Americas support a raised full-year target of roughly $14 billion in sales.
Seagate’s fiscal Q4 was arguably louder. Revenue hit $3.63B, up 48.5% YoY, with non-GAAP EPS of $5.71 against a $5.09 consensus and non-GAAP gross margin of 52.7%. CEO Dave Mosley credited “robust cloud data center demand and disciplined execution” and pointed to the HAMR-based Mozaic roadmap as the durable driver.
Business Driver Vertiv Seagate Core Product Power, thermal, services for data halls Mass-capacity HDDs on HAMR Mozaic Growth Engine Americas organic +21% Cloud customers, 5th straight EPS beat Margin Signal Op margin 22.6%, +410 bps Gross margin 52.7% Building Capacity vs. Rationing It Vertiv announced a planned acquisition of UtilityInnovation Group to accelerate “time to power” for AI data centers, on top of ThermoKey and Strategic Thermal Labs earlier in the year. Capex is running at 4% of 2026 sales, and the company is validating 800-volt DC architectures with NVIDIA and Foxconn’s Vision Bay AI.
Seagate is doing almost the opposite. Nearline capacity is “almost fully allocated through calendar 2027,” and Mosley said, “To first order, Tim, no, we’re still not growing units.” Growth comes from areal density gains rather than added factory capacity. Management targets a minimum of 20% annual revenue growth through mix and pricing.
What Decides the Next Leg For Vertiv, watch second-half execution on complex, multi-phase projects, where management flagged “temporary supply-chain dynamics.” Shares fell 9.63% on September 9, a reminder that expectations are high after a 109.52% one-year run.
For Seagate, the tell is Mozaic 4 crossover and Mozaic 5 qualification in late calendar 2027. The stock is up 222.51% year to date, so any qualification slip would sting.
How the Setups Stack Up, Weighted Differently Seagate looks like the cleaner earnings story right now. Booked capacity through fiscal 2027, a 2027 EPS consensus of $35.78, and 20 upward revisions in 30 days make the setup unusually visible. Vertiv is the higher-beta bet on the buildout itself, with the UtilityInnovation deal and 800-volt roadmap keeping optionality alive. For investors tracking AI capex through 2027, the relative setup favors Seagate on near-term earnings visibility and Vertiv on pipeline leverage (we profiled seven more suppliers powering the AI buildout, beyond the chipmakers, in a free report here).
Contact [email protected] for any questions or corrections.
Seagate dokončila vypořádání zbývajících směnek za zhruba 150,7 milionu USD. Na vypořádání použila asi 150,97 milionu USD v hotovosti a vydala 1 647 862 kmenových akcií.
SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “Company”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”) today announced that Seagate HDD has settled all redemptions and exchanges of the remaining approximately $150.7 million principal amount of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028 (the “notes”).
On September 8, 2026 (the “redemption date”), all then-outstanding notes that were called for redemption and were not submitted for exchange were redeemed for cash at a price (the “redemption price”) equal to the principal amount of such notes plus accrued and unpaid interest on such notes to, but excluding, the redemption date. Additionally, all then-outstanding notes that were submitted for exchange prior to 5:00 p.m. (New York City time) on September 3, 2026 were exchanged on the redemption date, with the principal paid in cash and the remainder of Seagate HDD’s exchange obligations in excess of the principal amount for notes exchanged settled by delivering ordinary shares of Seagate, par value $0.00001 per share (the “ordinary shares”), together with cash, if applicable, in lieu of delivering any fractional ordinary shares. On the redemption date, Seagate HDD paid approximately $150.97 million in cash (including cash paid in lieu of fractional ordinary shares) and delivered 1,647,862 ordinary shares to settle its obligations with respect to the notes.
About Seagate
Seagate (NASDAQ: STX) is a pioneer in mass-capacity data storage, accelerating ability to harness the full value of data. Our portfolio of advanced storage solutions helps hyperscale cloud providers, enterprises, and consumers protect, create and manage the data that powers their transformation and growth. For more than 45 years, Seagate has driven breakthrough innovations that bring sustainable, high-performance storage to the world at-scale.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. Forward-looking statements include, among other things, statements about the planned redemption of the notes. Forward-looking statements generally can be identified by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “should,” “may,” “will,” “will continue,” “can,” “could,” or the negative of these words, variations of these words and comparable terminology, in each case, intended to refer to future events or circumstances. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on information available to the Company as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause the Company’s actual results, performance or events to differ materially from historical experience and the Company’s present expectations or projections. These risks and uncertainties include, but are not limited to, those described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s latest periodic report on Form 10-Q or Form 10-K filed with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on, and which speak only as of, the date hereof. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, unless required by applicable law.
Seagate uvádí, že produkty HAMR tvořily na konci fiskálního roku 2026 asi 40 % jeho run rate dodávek nearline v exabajtech. Platforma Mozaic 4 s kapacitou až 44 TB se zavádí u dvou největších cloudových poskytovatelů.
Key Takeaways Seagate's HAMR-based products reached about 40% of its nearline exabyte shipment run rate.Mozaic 4, supporting capacities up to 44TB, is ramping with two major cloud service providers.HAMR investments aim to drive mid-20% nearline exabyte growth while keeping unit output relatively stable. Seagate Technology Holdings plc’s (STX - Free Report) technology roadmap is key to its ability to capitalize on rising storage demand. STX’s expertise in materials science, precision manufacturing, photonics and wafer production has driven HAMR and the Mozaic platform, while vertical integration in laser manufacturing further strengthens its technology edge.
Seagate’s areal-density roadmap enables it to expand exabyte output without materially increasing hard-drive unit production. This improves capital efficiency and lowers customers’ cost and power consumption per terabyte. HAMR-based products accounted for approximately 40% of Seagate’s nearline exabyte shipment run rate at the end of fiscal 2026. Mozaic 3 products are qualified and operating across all major cloud customers, while the second-generation Mozaic 4 platform, capable of supporting capacities up to 44 terabytes, is ramping with the two largest global cloud service providers.
Seagate expects 50% of HAMR exabytes to come from Mozaic 4 by the end of calendar 2026. Mozaic 5 qualification shipments remain on track for late calendar 2027. Higher-capacity products should also benefit profitability. The transition from three-terabyte-per-disk to four-terabyte-per-disk products provides additional cost efficiencies, while tight industry supply is supporting favorable pricing on incremental exabyte availability.
Seagate delivered strong double-digit year-over-year growth in both revenue and exabyte shipments in the enterprise OEM market during the June quarter. The company is expanding HAMR across its portfolio, initially targeting cloud customers and gradually broader enterprise adoption. Investments in HAMR manufacturing tools should support higher-capacity drives while keeping unit output relatively stable, enabling mid-20% nearline exabyte growth over the next few years.
How STX Stacks Up Against Market Peers in the Storage CircleWestern Digital Corporation (WDC - Free Report) is developing and deploying higher-capacity ePMR, UltraSMR and HAMR drives, along with high-bandwidth drive technology for data-intensive workloads. Its product roadmap includes ePMR drives with capacities up to 40 TB, 44-TB HAMR products planned for the first half of calendar 2027 and 50-TB products planned for the second half of calendar 2027. WDC expects the 40-TB ePMR transition, wider UltraSMR adoption and subsequent HAMR introduction to expand the number of exabytes it can deliver without adding unit capacity. Management also cited increased enterprise OEM interest in hybrid storage systems and is working with those customers on UltraSMR, next-generation ePMR and HAMR adoption.
Micron Technology (MU - Free Report) is benefiting from AI-driven demand for memory and storage, tighter DRAM and NAND supply and a richer mix of HBM, data center SSD and high-capacity products. Micron’s technology roadmap is strengthening its exposure to high-value memory solutions used in AI, machine learning and data analytics. Its 1-gamma DRAM node and G9 NAND node are ramping up well and are on track to become the highest-volume nodes in Micron’s history. Development of next-generation DRAM and NAND nodes is set to begin volume production in the second half of calendar 2027. These advances deepen Micron’s role in data center, client, mobile and automotive platforms.
STX Price Performance, Valuation and EstimatesIn the past year, STX shares have skyrocketed 368.5%, outperforming the Computer Integrated Systems industry’s growth of 201.3%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company’s shares currently trade at 22.61 forward earnings compared with 12.11 for the industry.
Image Source: Zacks Investment Research
STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have been revised up 28.7% to $36.09 over the past 60 days, while estimates for fiscal 2028 have risen 17.8% to $58.28.
Image Source: Zacks Investment Research
STX currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Financial Insights Inc. ve 2. čtvrtletí nakoupila nový podíl v Seagate Technology za zhruba 706 000 USD. Firma zároveň vyhlásila kvartální dividendu 0,74 USD na akcii.
Financial Insights Inc. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 732 shares of the data storage provider’s stock, valued at approximately $706,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after acquiring an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA raised its holdings in Seagate Technology by 820.8% in the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after acquiring an additional 8,700 shares during the last quarter. Tredje AP fonden lifted its stake in Seagate Technology by 446.6% in the 4th quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock worth $30,662,000 after purchasing an additional 90,968 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Seagate Technology during the 1st quarter worth approximately $1,328,000. Finally, Profund Advisors LLC boosted its holdings in shares of Seagate Technology by 458.6% during the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider’s stock worth $5,585,000 after purchasing an additional 16,651 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Insider Buying and Selling at Seagate Technology In related news, EVP John Morris sold 3,516 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60. Following the completion of the transaction, the executive vice president owned 12,805 shares of the company’s stock, valued at approximately $10,875,926.75. This trade represents a 21.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $815.11, for a total transaction of $611,332.50. Following the completion of the sale, the director owned 3,351 shares of the company’s stock, valued at $2,731,433.61. This trade represents a 18.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 191,765 shares of company stock valued at $161,865,249. 0.79% of the stock is currently owned by company insiders.
Seagate Technology Stock Performance STX opened at $849.28 on Monday. The stock has a market capitalization of $192.49 billion, a PE ratio of 61.19 and a beta of 2.06. Seagate Technology Holdings PLC has a one year low of $183.02 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The business’s 50 day moving average price is $851.92 and its 200 day moving average price is $711.74. Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the firm earned $2.59 earnings per share. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.
Seagate Technology Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.
Trending Headlines about Seagate Technology Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5% Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment. Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation. Wall Street Analyst Weigh In STX has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley boosted their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen upped their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Melius Research initiated coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Finally, China Renaissance lifted their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $986.00.
Get Our Latest Analysis on Seagate Technology
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Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.
Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.
Further Reading Five stocks we like better than Seagate Technology AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).
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Seagate letos vzrostl o 208 % díky prudké poptávce po úložištích pro AI datová centra. Ve 4. fiskálním čtvrtletí roční tržby stouply o 34 % na 12,2 miliardy USD a EPS o 92 % na 15,58 USD.
Investments in artificial intelligence (AI) infrastructure aren't showing any signs of slowing down. Industry bellwether Nvidia recently noted that the top five hyperscalers are on track to spend $800 billion in capital expenditure this year, followed by a significant jump to $1.3 trillion in 2027.
Nvidia management pointed out that the massive $2 trillion revenue backlog that hyperscalers are sitting on will encourage them to accelerate the AI infrastructure build-out. This is great news for Seagate Technology (STX +6.34%) investors, who have seen their investment in the data storage specialist more than triple in 2026, as of this writing.
Seagate stock has surged 208% so far this year. Investors can still buy this fast-growing company at an attractive valuation, and doing so could prove to be the smart move, given the potential upside it offers over the next three years.
Let's take a closer look at Seagate's catalysts and check why this AI stock is poised to soar higher.
Image source: Getty Images
Seagate's growth rate is about to accelerateSeagate released its fiscal 2026 fourth-quarter results (for the quarter ended July 3) on July 29. The company's annual revenue increased by 34% to $12.2 billion. Even better, its earnings per share jumped by 92% year over year to $15.58.
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Seagate has been cashing in on the booming demand for storage in AI data centers. The company estimates that data storage demand could increase from 1.1 zettabytes (ZB) in 2024 to 2.4 ZB in 2028, clocking a compound annual growth rate of mid-20% during the forecast period, driven by AI-fueled demand. As a result, Seagate estimates that its total addressable market could jump from $13 billion in 2024 to $23 billion in 2028.
However, Seagate's growth rate in the previous fiscal year suggests that the end market is growing much faster than the company's expectations. That's not surprising, as AI data centers have been gobbling up hard-disk drive (HDD) capacity to store the massive amounts of data needed for AI model training, inference, and agentic AI applications.
The low-cost nature of HDDs sold by Seagate explains why these drives are reportedly sold out until the end of 2027, at least. The shortage of HDDs has led to higher prices. Market research firm TrendForce estimates that HDD prices increased by 10% sequentially in the second quarter. Further price increases can't be ruled out, as the major hyperscalers investing heavily in AI infrastructure are still struggling to procure sufficient storage capacity.
So, it is easy to see why Seagate anticipates stronger growth in the first quarter of fiscal 2027. The company's revenue guidance of $4.1 billion indicates a potential 56% increase from the year-ago period. Even better, the company projects a 180% year-over-year increase in adjusted earnings per share in the current quarter to $7.30 at the midpoint.
Seagate, therefore, is on track to clock a much bigger increase in revenue and earnings in the current quarter. What's more, Seagate's phenomenal growth is poised to continue into 2028, as management noted on the latest earnings call that "the vast majority of our nearline exabytes are now allocated into calendar 2028."
Seagate's customers are now looking to secure supply for 2029 and beyond, suggesting that the strong demand for AI-driven storage is here to stay. That's not surprising, as Seagate notes that data centers now account for 90% of its shipments.
Also, it is worth noting that Seagate is now benefiting from larger price increases due to the widening supply and-demand gap. Management points out that it is pricing its "increased output at a very good price right now," and added that the company won't shy away from capitalizing on the favorable demand-supply environment by hiking prices further.
As such, it is easy to see why analysts are forecasting Seagate's fiscal 2027 revenue to increase at a stronger pace of 54% to $18.78 billion, followed by robust growth over the next couple of years as well.
STX Revenue Estimates for Current Fiscal Year data by YCharts
The favorable pricing environment should pave the way for more upsideWe have seen that the favorable HDD demand and pricing environment is here to stay. The heavy investments in AI data centers, Seagate's ability to capitalize on them through long-term contracts, and the pricing power it enjoys will translate into healthy earnings-per-share growth.
Consensus estimates are projecting a 130% increase in Seagate's earnings per share in fiscal 2027 to $35.78. Importantly, Seagate is projected to maintain solid earnings growth over the next couple of years.
STX EPS Estimates for Current Fiscal Year data by YCharts
The good part is that investors can buy this tech stock at just 22 times forward earnings, a discount to the tech-laden Nasdaq-100 index's forward earnings multiple of 24. If Seagate's earnings per share indeed jump to $78.29 after three years and it trades in line with the Nasdaq-100 index's multiple at that time, its stock price could reach $1,879.
That's 121% higher than where Seagate stock is right now. So, this tech stock can still double on the back of solid earnings growth, which is why it makes sense to buy it while it trades at an attractive valuation.
Seagate těží z AI boomu: akcie jsou letos výše o 202,07 % a za poslední rok o 385,3 %. Firma zároveň zvýšila tržby ve fiskálním roce 2026 o 34,06 % na 12,20 miliardy USD.
Seagate has already handed investors gains that dwarf Nvidia's returns over the past year, and Wall Street analysts think the storage giant still has a long way to run before this AI trade exhausts itself.
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Seagate Technology (NASDAQ:STX | STX Price Prediction) has quietly become one of the loudest AI stories on the market. Shares are up 202.07% year to date and 385.3% over the past year, riding a wave of hyperscaler orders for mass-capacity hard drives.
CEO Dave Mosley told investors last month that “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage,” and the numbers back him up. With shares near $829.76, the question is whether Seagate can push through to $1,000 in 2027.
Wall Street Sees Even More Upside From Here The Street is unusually aggressive on this storage name. The consensus 1-year price target sits at $1,125, with 18 Buy and 4 Strong Buy ratings against just 2 Hold calls. That implies analysts see roughly 36% upside from current levels, well above our $1,000 bull case.
Why the optimism? Fiscal 2026 revenue grew 34.06% to $12.20 billion, and net income more than doubled to $3.18 billion. Q4 revenue jumped 48.49% year over year to $3.63 billion, and non-GAAP EPS of $5.71 topped estimates by 12.11%. Seagate has now beaten EPS expectations for four consecutive quarters, which suggests forward numbers may still be too low.
Path to $1,000 Per Share in 2027 Trailing valuation looks eye-watering at 61x earnings, but the forward multiple tells the real story. Forward P/E stands at 24x, roughly in line with the S&P 500’s forward multiple near 22x.
Management guided fiscal Q1 2027 to non-GAAP EPS of $7.30 on revenue of $4.1 billion. If that quarterly run-rate sustains through fiscal 2027, annual EPS could clear $28 to $30. At $1,000, shares would trade around 33x to 36x forward earnings. Rich, but defensible for a business compounding revenue at a 20%+ target rate.
Here is what could push STX to $1,000:
Locked-in hyperscaler demand. Mosley told analysts that “Nearline capacity almost fully allocated through calendar 2027,” with build-to-order contracts covering pricing and configurations for the entire fiscal year. HAMR ramp accelerating. Mozaic HAMR drives are qualified with five of the world’s largest cloud customers, and Mozaic 4 delivers “up to 44 terabytes per drive,” “over 30% more capacity compared to the first generation” with minimal added cost. Margin expansion. GAAP gross margin hit 52.3% in Q4, up from 37.4% a year earlier. Value-based pricing and mix shift into higher-capacity drives should continue. Structural AI tailwinds. Mosley described a “period of structural growth,” citing autonomous vehicles producing “up to four terabytes per hour” and compliance retention stretching “five to 10 years.” Balance sheet cleanup. Seagate retired $1.40 billion in debt in fiscal 2026, freeing up capital that management said would likely return to share buybacks. Recent History Shows $1,000 Is Within Reach A move from $829.76 to $1,000 requires roughly 20% upside. That is well within STX’s demonstrated range. The stock has already returned 1,015.99% over five years and 3,605.64% over ten.
Even more telling, shares gained 8.55% in the past month alone, and the 52-week high of $1,144.18 shows the market has already priced STX above $1,000 this year. Getting back there is more of a re-rating than a leap.
Bottom Line on $1,000 Hitting $1,000 requires roughly 20% upside from here, a modest ask for a stock that has already tripled off its 2025 base. Wall Street’s $1,125 consensus, a four-quarter beat streak, exabyte capacity sold out through calendar 2027, and a Fitch upgrade to investment grade all point in the right direction.
Hyperscaler concentration and tariff risk remain real. Still, if the Mozaic ramp holds and cloud CapEx stays elevated, we’ve outlined the blueprint for how Seagate could see outsized returns in 2027. Storage is only one slice of the AI buildout, though. We profiled seven other suppliers powering the data-center boom, from cooling to networking, in a free report you can grab here.
Contact [email protected] for any questions or corrections.
Key Points:Seagate shares are up 209% in 2026 and 450% over the past year as institutional inflows continue to support the rally.Fiscal Q4 revenue rose 48% to $3.6 billion, data center revenue climbed 57% to $2.9 billion and non-GAAP EPS jumped 121% to $5.71.STX has logged 42 Big Money outlier inflow signals since 2005 and gained 10,269% since the first, supporting the long-term bullish thesis.
In this article:STX
-0.99%
Data storage company Seagate Technology Holdings PLC (STX) up 10,269% since first institutional outlier inflow signal in 2005.
STX is a leader in mass-capacity data storage, including hard disk drives, solid state hybrid drives, solid state drives, and other data storage and computing solutions – all of which is needed to build out the AI infrastructure. Its fourth-quarter fiscal 2026 report showed $3.6 billion in quarterly revenue (a 48% year-over-year gain), $2.9 billion in data center revenue (up 57%), non-GAAP per-share earnings of $5.71 (up 121%), and quarterly guidance of $4.1 billion and $7.30 for revenue and EPS, respectively.
No wonder STX shares are up 209% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.
Institutions Love Seagate Institutional volumes reveal plenty. In the last year, STX has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in STX shares. They reflect our proprietary inflow signal, pushing the stock higher:
Seagate (STX) one-year chart shows repeated institutional inflows as shares rise 450% over the period. Source: MoneyFlows.
Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Seagate.
Seagate Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, STX has had strong sales and earnings growth:
Also, EPS is estimated to ramp higher this year by +57%.
Now it makes sense why the stock has been generating Big Money interest. STX has a track record of strong financial performance.
Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.
Institutions Love This Stock Seagate has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s had 42 Big Money outlier inflow signals since 2005 and is up 10,269% since then. The blue bars below shows when STX was a top pick since the start of 2025…institutions love this stock:
STX price history since early 2025 highlights recent outlier inflows within a longer record of 42 signals since 2005. Source: MoneyFlows.
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Seagate Price Prediction The STX action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in STX at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.
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Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.
Seagate vykázal ve FY2026 růst tržeb o 34,06 % na 12,20 miliardy USD a rekordní volný peněžní tok ve výši 3,11 miliardy USD. Management navíc zvýšil cíl ročního růstu tržeb na minimálně 20 %.
Few large-cap tech stocks have moved like Seagate Technology (NASDAQ:STX | STX Price Prediction) over the past five years. The hard drive maker was left for dead in 2021 as investors braced for NAND to eat HDD, yet the AI data explosion flipped the narrative.
Cloud giants now depend on Seagate’s Mozaic HAMR platform to store the exabytes their AI models generate, and the stock has responded in kind. The question is whether the run has legs into 2027, or whether the easy money has already been made.
Seagate Technology trades at $832.56 after a wild year that included a 431.49% one-year gain and a 980.57% five-year return. Our 24/7 Wall St. price target for Seagate is $946.08 over the next 12 months, implying modest but real upside from here. The recommendation is buy at high confidence, with structural cloud demand and HAMR economics driving the thesis.
Metric Value Current Price $832.56 24/7 Wall St. Price Target $946.08 Upside 13.63% Recommendation BUY Confidence Level 90% Momentum Cooled, but Fundamentals Accelerated STX slipped 5.2% over the past week and sits roughly 27% off its $1,144.18 52-week high.
Yet FY2026 delivered 34.06% revenue growth to $12.20 billion, non-GAAP EPS of $15.58, and record free cash flow of $3.11 billion. Q4 GAAP gross margin hit 52.3%, up from 37.4% a year prior. Management guided Q1 FY27 revenue to $4.1 billion and non-GAAP EPS of $7.30, signaling the ramp is accelerating.
Why Bulls See a Breakout Ahead CEO Dave Mosley described Seagate as entering “a period of structural growth” and lifted the annual revenue growth target to “a minimum of 20% over the next few years.” Nearline capacity is “almost fully allocated through calendar 2027,” and the top three cloud providers have nearly doubled their RPO to a staggering $1.1 trillion (the same buildout we mapped across power, cooling, and networking suppliers in a free report here: 7 Stocks Powering the AI Boom).
Mosaic 4 delivers up to 44 terabytes per drive, with Mosaic 5 targeting 50 terabytes by late 2027. A bull scenario points to $1,221, matching Morgan Stanley’s earlier $1,035 target environment.
What Could Go Wrong STX carries a beta of 2.102 and a trailing P/E of 71x. Hyperscaler concentration is real: 80% of revenue is data center. Dilution from the 2028 Exchangeable Senior Notes looms, though management retired $1.40 billion in debt across FY26.
A bear case takes shares to $703. The forward P/E of 28x and PEG of 0.569 suggest earnings growth is driving gains, with limited room for multiple expansion.
How Seagate Compares to Western Digital and Micron Western Digital (NASDAQ:WDC) is the cleanest peer, a pure-play HDD maker post-Sandisk separation. WDC posted FY26 revenue of $12.92 billion and non-GAAP EPS of $10.22, guiding Q1 FY27 to $4.1 billion in revenue and $4 EPS. Its market cap of $166.6 billion sits below Seagate’s $204.8 billion, but Seagate’s HAMR lead and higher EPS run rate justify the premium.
Micron Technology (NASDAQ:MU) offers AI memory context. Its fiscal Q3 revenue of $41.46 billion and Q4 guide of $50 billion put Seagate’s growth in perspective. Micron plays in DRAM and HBM, a different segment from storage, making it a complement rather than a substitute. The shared AI thesis makes Seagate’s Mosaic-driven margin story reasonable.
Company Forward P/E Market Cap Seagate 28 $204.8B Western Digital N/A $166.6B Micron N/A $1.06T My Take: Structural Demand Anchors the Thesis My 24/7 Wall St. price target for Seagate is $946.08, a buy at 90% confidence. The tipping factor is nearline capacity allocated through calendar 2027, which gives the earnings ramp visibility most cyclical stocks lack.
The thesis holds for investors who can stomach a beta above 2 and view pullbacks as entry windows. It weakens if hyperscaler capex signals soften or if HAMR yields disappoint.
Year 24/7 Wall St. Price Target 2026 $946 2027 $1,278 2028 $1,475 2029 $1,690 2030 $1,900 These projections assume Seagate executes Mosaic 4 and 5 on schedule. Significant upside or downside could come from a hyperscaler capex reset or a faster-than-expected NAND price crash.
Contact [email protected] for any questions or corrections.
Seagate ve fiskálním roce 2026 zvýšil tržby o 34 % na 12,2 miliardy USD a hrubá zisková marže vyskočila na 45,6 % z 35,2 %. Firma očekává v 1. čtvrtletí fiskálního roku 2027 tržby 4,1 miliardy USD.
Key Takeaways Seagate's fiscal 2026 revenues rose 34% as AI-driven data growth boosted demand for high-capacity HDDs.Seagate's fiscal Q4 gross margin jumped to 52.3% from 37.4%, while fiscal 2026 free cash flow reached $3.1B.Seagate expects $4.1 billion in fiscal Q1 2027 revenues as strong growth and profitability continue.
With the advent of artificial intelligence (AI), several technology companies, including Wall Street darling NVIDIA Corporation (NVDA - Free Report) , have experienced phenomenal growth. However, a much smaller, prominent player, Seagate Technology Holdings plc (STX - Free Report) , has seen its shares surge a whopping 926% over the past five years, with AI growth accelerating sharply.
The AI boom has increased demand for data-center storage, benefiting Seagate since its high-capacity hard disk drives (HDDs) offer cost-efficient storage for that data. However, its gains have been more subdued over the past three months, up only 15.6%, as investors have become increasingly concerned about the highly cyclical nature of storage demand.
If cloud providers slow down purchases, it could weigh on the companies’ financial performance. Some also worry that if HDD technology fails to advance and is displaced by another cost-effective technology, Seagate can face significant pressure.
But these concerns are overly pessimistic. At the moment, Seagate continues to exhibit strong fundamentals, which could provide a solid foundation for future growth. Let’s explore why Seagate could become a future winner, an opportunity many investors may be overlooking or failing to imagine now –
Seagate: AI Demand Fuels Strong Growth and Rising Margins Strong AI-driven storage demand has recently boosted Seagate’s revenue growth. For the fiscal fourth quarter of 2026, Seagate’s revenues were $3.63 billion, up around 49% year over year, according to investors.seagate.com. For the fiscal year 2026, revenues jumped about 34% year over year to $12.2 billion.
Demand for high-capacity HDDs has increased on the back of AI-driven data growth, helping Seagate expand its margins. In the fiscal fourth quarter, Seagate’s gross margin increased sharply to 52.3% from 37.4% a year earlier. For the fiscal year 2026, the company’s gross margin reached 45.6% from 35.2% in the prior-year period.
The combination of revenue growth and expanding margins is encouraging for stakeholders, while growth, particularly revenues, is expected to continue into 2027. Revenues are expected to increase to $4.1 billion, plus or minus $100 million, in the fiscal first quarter of 2027.
Profitability is also projected to improve, while the company’s robust cash flow and reduced debt burden position it well for continued growth and further investments in research and development. In the fiscal year 2026, Seagate generated a healthy $3.1 billion in free cash flow and trimmed its debt burden by 1.4 billion to $3.6 billion, further strengthening its balance sheet.
Consequently, the company’s expected earnings growth rate for the current and next year is 124.5% and 59.6%, respectively. The Zacks Consensus Estimate of $34.99 for STX’s earnings per share (EPS) is up 168.7% year over year.
Image Source: Zacks Investment Research
Brokers also see greater upside potential in Seagate. The average short-term price target for STX stock is $1,141.82, representing a 30% upside from its last closing price of $878.21. The highest price target stands at $1,600, suggesting a potential upside of 82.2%.
Image Source: Zacks Investment Research
Seagate currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Seagate Technology letos posílila o 445.36 % díky silné poptávce hyperscalerů po masových kapacitních úložištích pro AI. Ve 4Q vykázala výnosy 3,629 miliardy USD a non-GAAP EPS 5,71 USD.
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Seagate Technology (NASDAQ:STX | STX Price Prediction) has quietly become one of the AI trade’s most explosive winners, with shares up 445.36% over the past year on surging hyperscaler demand for mass-capacity storage.
Our 24/7 Wall St. price target for Seagate is $916.25, implying 11.67% upside from the current $820.52 price. We rate the stock a buy with high conviction.
24/7 Wall St. Price Target Summary Metric Value Current Price $820.52 24/7 Wall St. Price Target $916.25 Upside 11.67% Recommendation BUY Confidence Level 90% Our confidence is anchored in four consecutive quarterly EPS beats, accelerating cloud demand tied to AI infrastructure, and a HAMR technology roadmap now qualified with every major U.S. hyperscaler.
Q4 Results Anchor the Setup Seagate closed fiscal 2026 in July with a blowout Q4: revenue of $3.629 billion (up 48.5% year over year) and non-GAAP EPS of $5.71, beating consensus by 12.11%. Full-year free cash flow hit a record $3.105 billion, up 279.58%.
Shares have pulled back 9.87% over the past month after peaking near $1,144.18, but the YTD gain still stands at 198.7%. CEO Dave Mosley credited “robust cloud data center demand and disciplined execution” for the run.
The Case for $1,200+ Bulls point to a demand backdrop management has called extraordinary. Mosley told investors “our nearline capacity is fully allocated through calendar year 2026”, with pricing negotiations already underway for 2027 and 2028.
The Mozaic HAMR platform is qualified with all major U.S. cloud service provider customers, and Q1 FY27 guidance calls for revenue of $4.10 billion and EPS of $7.30.
Wall Street’s average target is $1,115.87, with 22 buy ratings against one sell. Our bull-case scenario gets Seagate to $1,217.52, a 48.38% gain.
What Could Go Wrong The trailing P/E of 58 leaves no margin for error if hyperscaler capex cools. Insiders have been net sellers across 252 recent transactions, and Seagate flagged tariff uncertainty and Middle East conflict as guidance risks. A beta above 2 means volatility cuts both ways.
It should be noted, however, that insider selling near record highs often reflects routine profit-taking rather than a fundamental warning, and Seagate retired $1.40 billion in debt during FY26, materially reducing balance-sheet risk. Our bear case sees shares at $682.09.
How Seagate Compares to Western Digital and Micron Western Digital (NASDAQ:WDC) is the closest pure-play HDD peer and directly competes for the same hyperscaler orders. WDC trades at a forward P/E of 22 with a trailing P/E of 18, nearly identical to Seagate’s forward multiple but with slower quarterly revenue growth of 43.8%.
Micron Technology (NASDAQ:MU) offers a memory-side view of the AI storage boom, trading at a forward P/E of just 6, a reminder that memory economics differ sharply from HDD. On balance, peer multiples make our Seagate target look reasonable rather than aggressive.
Company Forward P/E Trailing P/E Seagate 23 58 Western Digital 22 18 Micron 6 20 Seagate Price Prediction 2026-2030 The 24/7 Wall St. price target of $916.25 reflects a buy rating with 90% confidence. The key factor tipping the scale is capacity allocation: Seagate is sold out through 2026 with pricing power intact.
The bull thesis holds if hyperscaler capex commentary stays firm through the next earnings cycle. The setup weakens if forward EPS estimates flatten or HAMR qualifications slip at Mozaic 4.
Year 24/7 Wall St. Price Target 2026 $916 2027 $1,015 2028 $1,100 2029 $1,160 2030 $1,208 These projections assume Seagate continues executing on its HAMR roadmap and hyperscaler demand for mass-capacity storage remains durable. Significant upside or downside could come from a step-change in AI storage architecture or a cyclical hyperscaler capex reset.
Contact [email protected] for any questions or corrections.
Seagate ve 4. čtvrtletí fiskálního roku 2026 zvýšil tržby na 3,6 miliardy USD a hrubá marže vzrostla na 52,7 %. Firma čeká v 1. čtvrtletí fiskálního roku 2027 tržby kolem 4,1 miliardy USD.
Key Takeaways Seagate posted $3.6 billion in fourth-quarter fiscal 2026 revenue, up 48% year over year.Higher-capacity nearline products and HAMR adoption are supporting Seagate's profitability gains.Seagate expects fiscal 2027 margin and cash generation growth, with Q1 revenue near $4.1 billion. Seagate Technology Holdings plc (STX - Free Report) delivered a strong finish to fiscal 2026, with revenue and profitability exceeding expectations. The company expanded its non-GAAP gross margin for the 13th consecutive quarter, while free cash flow margins reached 31%, generating more than $1.1 billion in the June quarter, its strongest quarterly performance in more than a decade. For fiscal 2026, Seagate’s non-GAAP gross margin increased 10 percentage points, non-GAAP EPS grew more than 90% and it generated record free cash flow of $3.1 billion.
In fourth-quarter fiscal 2026, the company’s revenue reached $3.6 billion, up 17% sequentially and 48% year over year, while non-GAAP gross margin increased to 52.7% from 47% in the prior quarter. Non-GAAP operating margin rose to 44.6%, and free cash flow increased 17% sequentially to $1.1 billion. The company attributed the margin improvement to its long-term pricing strategy and stronger product mix, supported by strong demand.
Seagate expects these trends to remain favorable. On the last earnings call, management stated that it expects sequential margin and cash-generation growth throughout fiscal 2027, supported by sustained demand, operational efficiencies and disciplined capital expenditures. Fiscal 2027 capital expenditures are expected to remain within the company’s target range of 4% to 6% of revenue. Seagate also expects cash generation to improve throughout the year.
Higher-capacity nearline products and the continued ramp of HAMR-based technology are also supporting profitability. Management said the mix is shifting further toward high-capacity nearline products, while moving from 3-terabyte to 4-terabyte-per-disk products is providing another boost to profitability. HAMR-based products represented 40% of nearline exabyte shipments by June, with Mozaic 4 continuing to ramp.
Seagate is also strengthening its balance sheet. The company ended fiscal 2026 with $3.6 billion of debt, down $1.4 billion year over year, and expects to reduce debt further. Overall, management remains confident in continued revenue growth, margin expansion and stronger cash generation through fiscal 2027.
For first-quarter fiscal 2027, Seagate expects continued revenue and margin growth in the September quarter, backed by the Mozaic rollout and disciplined pricing. Management anticipates first-quarter revenues of $4.1 billion (+/- $100 million). At the midpoint, this indicates a 56% year-over-year improvement.
Taking a Look at STX’s CompetitorsWestern Digital Corporation (WDC - Free Report) reported strong financial performance in fiscal 2026, with gross margin expanding 970 basis points (bps) to 49.1%. In the fiscal fourth quarter, gross margin increased 1,310 bps year over year to 54.4%. The company reported incremental gross margins of 75% in fiscal 2026 compared with 60% in fiscal 2025, and ended the fourth quarter with year-over-year incremental gross margin of 84% to 85%. It expects approximately 80% to 81% incremental gross margin in the first quarter of fiscal 2027. Western Digital anticipates non-GAAP gross margin in the range of 55-56% for the first quarter.
NetApp, Inc. (NTAP - Free Report) reported non-GAAP gross margin of 70.5%, up 100 bps year over year in the fourth quarter of fiscal 2026. Operating cash flow was $950 million and free cash flow was $900 million, while fiscal 2026 free cash flow was $1.87 billion. Non-GAAP operating margin for fiscal 2026 was 30.2%, up 190 bps year over year, showing operating leverage as revenue expanded. Management expects to return up to 100% of free cash flow to shareholders in fiscal 2027 and to reduce share count by a low single-digit percentage year over year. NetApp ended fiscal 2026 with $3.58 billion in cash and investments and $2.49 billion of gross debt.
STX Price Performance, Valuation and EstimatesIn the past month, STX’s shares have lost 4.7% compared with the Computer Integrated Systems industry’s 8.9% decline.
Image Source: Zacks Investment Research
In terms of forward price/earnings, STX’s shares are trading at 22.09X, higher than the industry’s 11.46X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for STX’s earnings for fiscal 2027 has been revised up 28.6% to $34.99 over the past 60 days.
Image Source: Zacks Investment Research
Currently, Seagate sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate ve 4. fiskálním čtvrtletí dosáhla rekordního zisku a peněžního toku díky silné poptávce po AI a cloudu. Tržby byly zhruba 3,6 miliardy USD a upravený EPS činil 5,71 USD.
Key Takeaways Seagate posted record fiscal fourth-quarter profitability and cash flow on strong AI and cloud demand.HAMR adoption is accelerating, with Mozaic 4 ramping and HAMR exabytes expected to hit 50% by year-end 2026.Seagate's strong cash flow and debt reduction support growth, but execution and valuation risks remain. Seagate Technology Holdings plc (STX - Free Report) has delivered dramatic turnarounds in the AI-driven storage space in 2026. The fiscal fourth quarter was a record quarter for profitability and cash flow, driven by strong data center demand, faster HAMR adoption and value-based pricing. The company generated approximately $3.6 billion in revenue, up 49% year over year, while adjusted EPS reached $5.71, representing 120% year-over-year growth.
More importantly, Seagate's forward guidance was arguably even more impressive than the quarterly beat. Its BTO model points to sustained demand for high-capacity nearline drives amid rising AI adoption. The company expects continued revenue and margin growth in the September quarter, backed by the Mozaic rollout and disciplined pricing. Management expects first-quarter fiscal 2027 revenue of $4.1 billion, up 56% year over year at the midpoint.
STX shares have gained 99.5% in the past six months, outperforming the Zacks Computer-Integrated Systems industry’s growth of 74.7%. The stock has also outperformed the Zacks Computer & Technology sector and the S&P 500’s growth of 18.2% and 11.7%, respectively.
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The company has also outperformed its cut-throat competitors in the storage space, like Western Digital Corporation (WDC - Free Report) , Everpure (P - Free Report) and NetApp, Inc. (NTAP - Free Report) . WDC has gained 58.6%, while P and NTAP have risen 18.4% and 78.9% during the same time frame.
After a blockbuster fiscal fourth quarter, the key question for investors is whether STX stock can continue climbing after its enormous rerating. The answer is yes, but the risk-reward is becoming more balanced. Seagate's fundamentals remain unusually strong, yet expectations and valuation have also moved sharply higher.
Let’s delve in deeper.
AI is Creating a Structural Storage Tailwind for STXAI infrastructure requires enormous amounts of data storage. Training is just one part of the picture. AI inference, data lakes, model development, surveillance, enterprise applications and cloud workloads all produce additional data that needs to be stored. Seagate is well-positioned because its strength is mass-capacity hard disk drives, which are still much more economical than flash storage for many large-scale archival and nearline workloads. Its fiscal fourth-quarter results highlighted strong cloud and AI-driven demand, solid pricing and ongoing supply-demand tightness. Management also highlighted the increasing adoption of its HAMR-based Mozaic technology, enabling it to boost storage capacity without proportionally increasing the physical size of its drives.
HAMR could be the next major catalyst. Seagate's Mozaic platform is designed to significantly increase areal density, allowing customers to store more data per drive. HAMR products accounted for about 40% of Seagate’s nearline exabyte shipments by fiscal 2026-end. Mozaic 4, supporting up to 44TB, is ramping with major cloud customers, with HAMR exabytes expected to reach 50% by year-end 2026. Higher-capacity 4TB and 5TB-per-disk products should further increase exabyte output without requiring a proportional increase in drive volumes.
Strong cloud, AI and data-reuse trends continue to support mass-capacity storage demand, with cloud data centers now accounting for about 90% of exabyte shipments. Customers are extending planning horizons into 2029 and beyond, providing strong demand visibility. Seagate is maintaining disciplined order management and value-based pricing, supported by tight industry supply and favorable demand. This is expected to support healthy margins and profitable growth. The company targets a mid-20% exabyte CAGR, with growth recently exceeding 30%.
Furthermore, data-intensive applications, including video, sensors and enterprise unstructured data, are driving storage demand. Seagate expects application-driven demand to expand over the coming years, with AI still in its early stages but increasingly supporting key-value caching and unstructured data workloads at hyperscalers. Over the longer term, physical AI applications such as robotics and autonomous vehicles could further accelerate data creation and storage needs.
Strong Margins, Cash Flow & Deleveraging Boost STX’s FinancesSeagate delivered strong margin and cash flow momentum, with non-GAAP gross margin expanding for the 13th consecutive quarter to 52.7% and operating margin reaching 44.6%. Free cash flow rose to $1.12 billion in the fiscal fourth quarter, bringing fiscal 2026 numbers to a record $3.1 billion. At the same time, the company reduced gross debt by $1.4 billion during fiscal 2026 and further retired $1 billion of high-yield notes in July. Continued cash generation, pricing gains and operating leverage should support further deleveraging and provide greater flexibility for dividends, share repurchases and technology investments.
The company plans to retire an additional $1.2 billion in debt in September, reducing gross debt to $2.4 billion. Capital expenditures for 2027 are expected to stay within 4-6% of revenue, supporting manufacturing investments.
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However, Seagate faces execution risks from HAMR transitions, including manufacturing complexity, qualification delays and yield issues that could pressure growth and margins. Heavy reliance on large cloud customers also creates concentration risks, while tariffs, trade restrictions, FX and shifts in global tech spending could adversely impact results. Seagate faces tough competition from other players in the data storage industry, including Western Digital, SSD providers and other storage-system vendors, which remains intense.
Upbeat Estimate Revision Trend for STXSTX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have moved up 30.7% to $34.99 over the past 60 days, while the same for fiscal 2028 has gone up 30% to $55.85.
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But STX is No Longer CheapGoing by the price/earnings ratio, the company’s shares currently trade at 21.95 forward earnings, higher than 11.65 for the industry.
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In comparison, the forward 12-month price/earnings multiple for P, NTAP and WDC are 75.41X, 25.68X and 20.73X, respectively.
Does STX Still Have Room to Run?Several potential catalysts could push STX stock even higher, including upward EPS revisions, sustained pricing power, faster HAMR adoption, strong hyperscaler AI spending and robust free cash flow supporting debt reduction and shareholder returns. The recent quarterly results were exceptional, and the forward revenue outlook suggests momentum is continuing into fiscal 2027. If Seagate can maintain pricing power, expand HAMR adoption and convert AI-driven demand into sustained free-cash-flow growth, the stock can still move higher from current levels.
Flaunting a Zacks Rank #1 (Strong Buy) currently, STX remains a compelling portfolio addition for investors now. You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate ve 4. čtvrtletí zvýšil tržby o 48 % meziročně a výrazně posílil důvěru v poptávku po datových úložištích. To je příznivé i pro Western Digital před výsledky 5. srpna.
Storage and memory stocks had experienced pullbacks amid broad macroeconomic jitters and valuation concerns surrounding artificial intelligence (AI) hardware trades. Then came Seagate Technology (STX +0.52%) with a strong fourth-quarter, beat-and-raise performance, lifting the stock by more than $100 between its close on July 28, when it announced earnings, and its close on July 30.
Because Seagate and Western Digital (WDC +2.21%) operate as a tight duopoly in the high-capacity, hard disk drive (HDD) market, Seagate's performance offers clear visibility into the underlying health of the data storage industry and Western Digital's own performance.
That's good news for investors in Western Digital, which reports its Q4 results on Aug. 5. Its shares rose 15% between the stock's close on July 28 and its close on July 30. Here are three reasons why Western Digital's stock could jump higher after it reports earnings, and one reason it won't:
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Seagate blew past analysts' consensus estimates Seagate reported a 48% year-over-year Q4 revenue surge, driven primarily by cloud data centers and hyperscalers purchasing high-capacity nearline drives for AI workloads. Management noted that customers are securing capacity commitments well into future years. This directly dispels recent market concerns about a potential slowdown in AI infrastructure spending, confirming that hyperscaler demand for mass-capacity storage remains exceptionally robust, a trend that directly benefits Western Digital's enterprise HDD division.
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Western is forecasting Q4 revenue of $3.65 billion, representing a year-over-year gain of 36.5%. It also said it expects non-GAAP gross margin of 51.5%, up 1,020 basis points from the same quarter a year ago, and non-GAAP earnings per share (EPS) of $3.25, up 95.8%, year over year. If it can reach or exceed those numbers, investors will buy rather than sell on the news.
The stock is still off its 52-week highs While Western Digital is trading at slightly more than 31 times trailing earnings, it's actually not that high considering that Seagate's valuation is nearly double that level. Western, despite its recent share run-up, is still trading at a discount to its 52-week high of $799.87, showing there's still plenty of room for the stock to climb.
Seagate's fiscal 2027 Q1 earnings guidance of $4.1 billion, give or take $100 million, and non-GAAP EPS of $7.10 to $7.50, help to reset investor confidence across the entire data storage sector. This rally elevates baseline expectations and provides a favorable tailwind for Western Digital. It's important to note that concerns about high AI spending haven't prevented hyperscalers from buying data storage HDDs from Western Digital and Seagate.
Accelerating free cash flow and capital returns Western Digital's operational execution is generating substantial cash, as evidenced by nearly $1 billion in free cash flow in the fiscal third quarter. This strong cash profile reinforces financial strength, supports ongoing capital returns such as cash dividends, and gives management the flexibility to continue paying down debt. Strong cash-flow growth frequently acts as a primary trigger for institutional investors to rerate a stock post-earnings.
One reason to worry: A high bar has been set The primary risk facing Western Digital heading into the earnings announcement is that much of the optimism may already be priced into the stock. Shares have experienced a substantial rally leading into late July, setting an exceptionally high bar for performance.
If Q4 results merely meet expectations rather than significantly exceeding them, or if management provides conservative forward guidance due to broader macroeconomic uncertainties or cyclical risks in the consumer storage market, investors could seize the opportunity to take profits, leading to a pullback despite solid core numbers.
Seagate hlásí, že poptávka po cloudových a AI úložištích zvedla tržby datových center za čtvrtletí v červnu o 57 % meziročně na 2,93 mld. USD. HAMR už tvoří asi 40 % nearline exabajtů a většina nabídky je vyprodaná do roku 2028.
Key Takeaways Seagate enters fiscal 2027 with cloud and AI demand lifting high-capacity hard-drive sales.Nearline supply is largely allocated into 2028, while customer planning extends into 2029 and beyond.HAMR reached about 40% of Seagate's nearline exabyte run rate, boosting capacity without more drive units. Seagate Technology Holdings plc (STX - Free Report) is entering fiscal 2027 with demand visibility rarely seen in the cyclical storage market. Cloud infrastructure growth, AI-related data creation and rising retention needs are lifting demand for high-capacity hard drives.
The company’s heat-assisted magnetic recording, or HAMR, transition is central to that outlook. Better pricing, allocated nearline supply and operating leverage are turning higher exabyte demand into a stronger earnings and cash-flow profile.
Seagate’s AI Demand Extends Revenue VisibilityJune-quarter data center revenue increased 57% year over year to $2.93 billion. Nearline exabyte shipments rose 43%, showing that growth is coming through both higher capacity and stronger cloud demand.
Data center customers now account for roughly 90% of Seagate’s exabyte shipments. The vast majority of nearline supply is allocated into calendar 2028, while customer planning discussions extend into 2029 and beyond.
STX’s HAMR Rollout Raises Capacity and EfficiencyHAMR-based products represented about 40% of Seagate’s nearline exabyte shipment run rate at the end of fiscal 2026. That matters because higher areal density allows the company to ship more exabytes without relying on a major increase in drive units.
Mozaic 3 products are qualified and running in production environments across all major cloud customers. Mozaic 4 is ramping with the two largest global cloud service providers, and management expects Mozaic 4 to represent 50% of HAMR exabytes by the end of calendar 2026.
STX’s Debt Reduction Expands Financial FlexibilitySeagate reduced gross debt by $1.4 billion during fiscal 2026 and ended the year with net leverage of 0.4 times adjusted EBITDA. Cash and cash equivalents stood at $1.7 billion, supported by $3 billion of liquidity.
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The company also retired $300 million of debt in the June quarter and outlined additional note retirements. Lower interest costs would improve flexibility for dividends, repurchases and continued investment in the HAMR roadmap.
Seagate’s Execution Risks Temper the Growth StoryThe growth case still depends on execution. Customer qualifications can take time, HAMR manufacturing yields may vary and product transitions from 3-terabyte to 4-terabyte and 5-terabyte platforms can create temporary factory inefficiencies.
Customer concentration and cloud spending cycles remain important risks because global cloud customers drive most nearline demand. Western Digital Corporation (WDC - Free Report) is Seagate’s closest hard-drive peer, while Micron Technology, Inc. (MU - Free Report) is relevant because solid-state storage and memory compete for higher-performance tiers in AI architectures. Trade restrictions, foreign exchange exposure and solid-state alternatives also deserve attention.
STX’s Growth Signal Comes With Style Trade-OffsThe bottom line is that Seagate’s fiscal 2027 setup is supported by demand visibility, HAMR adoption and a sharply improved margin structure. Those positives are meaningful, but the stock still carries trade-offs tied to valuation and price behavior.
STX currently has a Zacks Rank #1 (Strong Buy), which points to a favorable near-term earnings estimate revision backdrop. The stock’s Growth Score of A is consistent with its improved revenue, earnings and cash-flow profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
The offset is clear in the other Style Scores. STX has a Value Score of F, a Momentum Score of D and a VGM Score of D, suggesting investors should weigh the growth signal against valuation and momentum concerns before treating the story as one-dimensional.
Seagate ve 4. čtvrtletí zvýšil zisk na akcii o 121 % a tržby o 48 % na 3,6 miliardy USD. Pro 1. čtvrtletí fiskálního roku 2027 čeká tržby 4,1 miliardy USD a non-GAAP EPS 7,30 USD.
Key Takeaways Seagate's fourth-quarter earnings rose 121% as revenues climbed 48% to $3.6 billion.Fiscal 2027 first-quarter guidance targets $4.1B in revenues and $7.30 in non-GAAP EPS.STX's premium valuation leaves little room for weaker cloud demand, pricing, or HAMR execution. Seagate Technology Holdings plc (STX - Free Report) has moved from a recovery story to a high-expectation growth stock. The question is whether earnings acceleration and a stronger fiscal 2027 outlook can support a share price already reflecting much of that improvement.
STX had risen 177.6% year to date and 386.9% over the trailing 12 months. At $764.43, the stock still sat below the $890 target, but further upside depends on sustained demand, pricing strength and margin expansion.
STX’s Earnings Growth Supports the Bull CaseSeagate reported fourth-quarter non-GAAP earnings of $5.71 per share, above the $5.10 consensus estimate. Earnings climbed 121% year over year, reflecting a sharp recovery in profitability.
Revenues rose 48% year over year to $3.6 billion. For fiscal 2026, revenues increased 34%, showing that the rebound was not limited to a single quarter. Western Digital Corporation (WDC - Free Report) remains a direct hard-drive peer, making Seagate’s execution important in a storage market being reshaped by cloud and AI demand.
STX’s Fiscal 2027 Outlook Raises ExpectationsFor the first quarter of fiscal 2027, Seagate expects revenues of $4.1 billion, plus or minus $100 million. At the midpoint, that implies 56% year-over-year growth.
Management also projects non-GAAP earnings of $7.30 per share, plus or minus 20 cents, and a non-GAAP operating margin near 50%. The Zacks Consensus Estimate for fiscal 2027 revenues is $16.64 billion, while the consensus estimate for earnings is $27.83 per share.
STX’s Valuation Leaves Little Room for ErrorThe stock trades at 14.36 times trailing sales. That compares with 8.53 times for its industry, 8.04 times for the broader technology sector and a five-year median of 2.39 times.
The $890 target assumes 16.5 times trailing sales. That leaves little room for disappointment. Seagate needs continued cloud demand, firm pricing and high-margin HAMR adoption to keep the valuation from becoming a headwind.
STX’s Cash Flow and Deleveraging Add SupportCash generation strengthens the investment case. Seagate generated record fiscal 2026 free cash flow of $3.1 billion, including $1.12 billion in the fourth quarter.
The company also reduced gross debt by $1.4 billion during fiscal 2026 and planned further note retirements after year-end. It returned approximately $810 million through dividends and repurchases during the fiscal year, giving shareholders a cash-return component alongside the growth story.
STX’s Execution and Customer Risks Shape the DownsideThe downside case starts with expectations. If cloud customers slow spending, product qualifications take longer or HAMR manufacturing yields disappoint, revenue timing and margin expansion could both come under pressure.
Customer concentration adds another risk. A more volatile macro backdrop, trade restrictions or foreign exchange pressure could amplify any slowdown. Competition from Western Digital and solid-state storage providers such as Everpure (P - Free Report) , formerly Pure Storage, also keeps pricing and technology execution under scrutiny.
STX’s Signals Favor Growth Over ValueSeagate’s setup still leans positive, but the case is no longer based on a cheap recovery multiple. It is based on earnings growth, pricing discipline, operating leverage and the company’s ability to convert AI-related storage demand into cash flow.
STX currently carries a Zacks Rank #1 (Strong Buy), a favorable near-term signal tied to earnings estimate trends. The Growth Score of A supports the bullish growth profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
The trade-off is valuation and timing. STX has a Value Score of F, a Momentum Score of D and a VGM Score of D. These scores point to a growth-driven opportunity rather than a conventionally inexpensive stock, making execution the key test after the massive rally.
Amundi v 1. čtvrtletí zvýšila svůj podíl v Seagate Technology o 32,2 % na 965 565 akcií v hodnotě 378,27 milionu USD. Firma tak drží přibližně 0,43 % společnosti.
Amundi raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 965,565 shares of the data storage provider’s stock after acquiring an additional 235,359 shares during the quarter. Amundi owned about 0.43% of Seagate Technology worth $378,267,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares during the period. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the period. WealthCollab LLC grew its stake in Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Seagate Technology in the first quarter worth approximately $39,000. Finally, Concord Wealth Partners bought a new stake in Seagate Technology in the fourth quarter worth approximately $28,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of equities analysts have issued reports on STX shares. Morgan Stanley increased their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday. China Renaissance boosted their target price on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Barclays increased their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Citigroup raised their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $970.00.
Read Our Latest Stock Analysis on Seagate Technology
Seagate Technology Stock Performance NASDAQ STX opened at $764.43 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The company has a fifty day simple moving average of $895.22 and a 200 day simple moving average of $622.36. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00. The company has a market cap of $171.41 billion, a P/E ratio of 55.07 and a beta of 2.04.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 680.78%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the company earned $2.59 earnings per share. The business’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 26.84 earnings per share for the current fiscal year.
Seagate Technology Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.
Seagate Technology News Roundup Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Results exceeded expectations: Seagate reported non-GAAP EPS of $5.71 versus the $5.10 consensus and revenue of $3.63 billion versus $3.50 billion. Revenue rose 48.5% year over year, while the company highlighted record profitability and $3.1 billion in fiscal-year free cash flow. Seagate fiscal fourth-quarter results Positive Sentiment: Upbeat guidance raised confidence: Fiscal first-quarter 2027 EPS is expected at $7.10-$7.50, well above the approximately $5.63 analyst estimate, with revenue guidance of $4.0-$4.2 billion versus consensus near $3.7 billion. The outlook supports the view that demand is not limited to a short-lived AI spending spike. Seagate AI-driven storage outlook Positive Sentiment: AI storage demand and pricing power: Cloud and data-center customers are expanding storage capacity, while Seagate’s HAMR and Mozaic technologies allow higher-capacity drives without equivalent manufacturing expansion. Analysts cited strong execution, scarce supply and a potentially favorable new pricing environment. Wall Street praises Seagate execution and pricing power Positive Sentiment: Analyst sentiment improved: Citi, JPMorgan, Wells Fargo, TD Cowen, Wedbush, Susquehanna and Rosenblatt raised their price targets, with targets ranging from $875 to $1,400. Cantor Fitzgerald also reaffirmed an overweight rating with a $1,300 target, reinforcing the bullish reaction to the earnings report. Neutral Sentiment: Dividend declared: Seagate announced a quarterly dividend of $0.74 per share, payable October 7 to shareholders of record September 24. The payout provides income support but is modest relative to the stock’s valuation and growth profile. Negative Sentiment: Valuation and volatility remain risks: The stock trades at a high earnings multiple after a major rally, and its elevated beta leaves it vulnerable if AI infrastructure spending slows. A broader memory-sector selloff and concerns that strong results are already priced in could limit further gains. Insider Buying and Selling In related news, CEO William D. Mosley sold 20,657 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total transaction of $18,807,785.36. Following the transaction, the chief executive officer directly owned 320,860 shares of the company’s stock, valued at $292,136,612.80. This trade represents a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the sale, the executive vice president directly owned 4,290 shares of the company’s stock, valued at $3,776,015.10. The trade was a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is owned by corporate insiders.
Seagate Technology Company Profile (Free Report)
Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.
Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.
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Seagate Technology Holdings plc oznámila výsledky za 4. čtvrtletí a fiskální rok 2026. Na konferenčním hovoru vedení představilo GAAP i non-GAAP údaje k těmto výsledkům.
Shanye Hudson - Senior Vice President of Investor Relations & Treasury
William Mosley - CEO & Chairman
Gianluca Romano - Executive VP & CFO
Conference Call Participants
Aaron Rakers - Wells Fargo Securities, LLC, Research Division
Benjamin Reitzes - Melius Research LLC
Erik Woodring - Morgan Stanley, Research Division
Asiya Merchant - Citigroup Inc., Research Division
Christopher Muse - Cantor Fitzgerald & Co., Research Division
Thomas O'Malley - Barclays Bank PLC, Research Division
Mark Newman - Bernstein Institutional Services LLC, Research Division
Wamsi Mohan - BofA Securities, Research Division
Joseph Cardoso - JPMorgan Chase & Co, Research Division
Karl Ackerman - BNP Paribas, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Steven Fox - Fox Advisors LLC
Vijay Rakesh - Mizuho Securities USA LLC, Research Division
Ananda Baruah - Loop Capital Markets LLC, Research Division
Presentation
Operator
Welcome to the Seagate Technology Fiscal Fourth Quarter and Fiscal Year 2026 Conference Call.
[Operator Instructions]
Please note, this event is being recorded. I would now like to turn the conference over to Shanye Hudson, Senior Vice President, Investor Relations. Please go ahead.
Shanye Hudson
Senior Vice President of Investor Relations & Treasury
Thank you. Hello, everyone, and welcome to today's call. Joining me are Dave Mosley, Seagate's Chair and Chief Executive Officer; and Gianluca Romano, our Chief Financial Officer. We've posted our earnings press release and detailed supplemental information for our Q4 and fiscal 2026 year-end results on the Investors section of our website.
During today's call, we'll refer to GAAP and non-GAAP measures. Non-GAAP figures are reconciled to GAAP figures in the earnings press release posted on our website and also included on our Form 8-K. We've not reconciled certain non-GAAP outlook measures because material items that may impact these measures are out of our control and/or
Seagate ve 4. čtvrtletí zvýšil tržby o 48 % na 3,629 miliardy USD a upravený EPS vyskočil na 5,71 USD, obojí nad odhady. Firma navíc čeká v 1. čtvrtletí tržby 4,1 miliardy USD a upravený EPS 7,30 USD, plus nebo minus 0,20 USD.
Live Coverage Updates appear automatically as they are published.
Live Updates Pinned 1 hour ago
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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Seagate Technologies’ earnings.
Simply stay on this page, and new updates will appear below automatically. We expect Seagate to release earnings shortly after 4:05 p.m. ET.
31 minutes ago
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That wraps up our initial coverage of Seagate’s Q4 results. Thank you for stopping by!
46 minutes ago
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Seagate Technology expects its momentum to accelerate into fiscal 2027, guiding for first-quarter revenue of $4.1 billion, plus or minus $100 million, and adjusted EPS of $7.30, plus or minus $0.20.
At the midpoint, that represents approximately 13% sequential revenue growth and 28% sequential adjusted EPS growth from Q4. Management expects minimal impact from tariffs or the current Middle East conflict.
The outlook suggests Seagate’s record fiscal 2026 was more than a cyclical peak. Robust cloud data-center demand and the Mozaic HAMR ramp are carrying meaningful momentum into the new fiscal year.
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Seagate’s Q4 revenue increased 48% year over year to $3.629 billion, but earnings grew considerably faster as the company captured massive operating leverage.
Adjusted gross margin expanded to 52.7% from 37.9%, while adjusted operating margin jumped to 44.6% from 26.2%. Adjusted EPS more than doubled to $5.71 from $2.59.
Higher-capacity drives allow cloud customers to store more data efficiently while enabling Seagate to generate substantially more profit from each dollar of revenue.
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Seagate Technology just reported earnings, with shares initially up 1% following the report. Here are the key numbers:
Fresh catalyst: Rosenblatt initiated coverage at Buy with a $1,300 target this afternoon, joining Wedbush and Morgan Stanley defending shares through the sector selloff.
Positioning is defensive. Put/call ratio: 1.21; shares at $750.60 after 8.13% intraday drop.
Trigger levels: EPS above $5.20 with margins expanding past 48% validates the AI storage thesis; a result under $5.00 with soft FY27 commentary risks a sharp reset given the 197.42% YTD rally.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Seagate Technology didn't make the cut. Grab the names FREE today.
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Four Wildcards Not Priced Into Consensus Beyond the headline guidance, four surprise factors could swing tonight’s reaction.
First, tariff escalation: management’s Q4 outlook assumed “minimal expected impact from global tariff policies”, leaving any commentary shift as unpriced risk.
Second, the Exchangeable Senior Notes due 2028 carry dilution that scales with the share price, currently $750.46.
Third, Pillar Two global minimum tax pushes Seagate (NASDAQ:STX)’s Ireland-domiciled effective rate into the mid-teens for FY2026, a potential tax-line surprise.
Fourth, exabyte shipments. Polymarket crowds assign 89.5% odds above 210 EB but only 39.5% above 220 EB. A reported figure above 220 EB would validate HAMR/Mozaic yield claims.
Shares already slid 8.14% today, and July 31 put/call volume ratio sits at 1.08, confirming that investors are hedging ahead of earnings.
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Bull Case Momentum is undeniable: Seagate has posted four straight beats, most recently topping estimates by 16.94% in Q3. AI storage tailwind: Polymarket assigns a 91.5% probability of exabyte shipments exceeding 200 EB, validating hyperscaler demand. Analyst conviction: 21 Buy ratings versus 1 Sell, with a $1,008.61 average target. Bear Case Valuation stretched: Shares trade at a P/E of 81 after a 197.42% YTD run. Sell-the-news risk: Despite a Q2 beat, the stock fell 14.32% over 30 days. Defensive positioning: Put volume of 6,142 exceeds calls at the July 31 expiration, and insiders show net selling. Consensus is elevated: Street expects $5.09 EPS on $3.49 billion, above guidance midpoints. Watch the Mozaic HAMR commentary and FY27 framing for direction.
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Seagate Technology reports fiscal Q4 earnings tonight at 4:05 PM ET after the bell, with management guiding to $3.45 billion in revenue and $5.00 in earnings per share at the midpoint.
The company is pursuing its fifth consecutive earnings beat, but expectations have soared alongside the stock’s 197.42% year-to-date rally. Investors will focus on the Mozaic HAMR ramp, cloud customer qualifications, and management’s initial framing of fiscal 2027 growth.
Seagate now trades at roughly 81 times trailing earnings, while the $1,008.61 average analyst target assumes continued HAMR-driven operating leverage. A clean beat could reinforce the structural growth story.
However, weaker exabyte shipments or qualification delays would revive concerns that Seagate remains a cyclical hard-drive company enjoying an unusually strong upturn.
Seagate Technology (NASDAQ:STX) reports fiscal Q4 2026 results tonight at 4:05 PM ET. With shares up 445.89% over the past year, but down 8.28% today, the earnings report will test whether HAMR execution and cloud demand can justify a $170 billion market cap.
Momentum Meets a Higher Bar Last quarter reset expectations. Seagate delivered $3.1 billion in revenue, up 44% year-over-year, with non-GAAP gross margin expanding to 47% from 36.2% a year earlier. Free cash flow reached $953 million, the highest in over a decade.
CEO Dave Mosley raised the multi-year revenue growth target from “low- to mid-teens to a minimum of 20% over the next few years,” citing structural AI-driven storage demand. Nearline capacity is almost fully allocated through calendar 2027. Since the April earnings report, STX has climbed 41.2%, though it has slipped 9.21% over the past month as investors digest valuation.
Consensus Estimates Metric Q4 FY2026 Estimate YoY Change FY2026 Guide Midpoint Revenue $3.49B +41% $3.45B EPS (Non-GAAP) $5.09 N/A $5.00 Consensus sits just above management’s guided midpoint, a modest cushion given Seagate’s four consecutive beats ranging from 6.01% to 16.94%. Operating margin is guided to the lower 40% range, extending the leverage story.
HAMR Qualification and Margin Durability Take Center Stage Tonight, I’ll be watching four things when Seagate reports.
Mozaic qualification progress. Two of the four largest cloud customers were qualified in Q3, with the remaining two expected to complete qualification in the current quarter. Confirmation matters for the fiscal 2027 target of 70% of nearline exabytes on HAMR. Exabyte shipments. Polymarket traders assign a 95% probability that Q4 hard drive exabytes exceed 190, but only 51.5% above 210. Confidence in the 210 threshold dropped 24 percentage points in four days. Margin trajectory. Incremental gross margin has held above 70%, well ahead of the prior 50% framework. Investors will focus on whether pricing gains and HAMR mix keep that pace. Capital returns. Seagate retired $641 million in debt last quarter with roughly $400 million in convertible notes remaining. Management flagged that the majority will probably go to share buybacks once debt reduction winds down. Earnings History Quarter EPS Surprise Day-Of Move 1-Week Move 30-Day Move Q3 FY2026 +16.94% +11.1% +22.25% +43.21% Q2 FY2026 +9.58% +19.14% -5.49% -14.32% Q1 FY2026 +8.75% +19.11% +3.82% +1.69% Q4 FY2025 +6.01% +6.51% -5.67% +8.59% On average, shares moved 3.73% in the week after earnings over the past year.
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Seagate čeká na výsledky po prudkém růstu akcií, které letos vzrostly zhruba o 176 % a jsou nad odhady analytiků. Trh čeká na výsledky za 4. čtvrtletí s EPS 4,80 až 5,20 USD a tržbami 3,35 až 3,55 miliardy USD.
STX stock is moving ahead of earnings. See the chart and price action here. Back in April, Seagate guided Q4 non-GAAP EPS of $4.80 to $5.20 and revenue of $3.35 billion to $3.55 billion, with a $3.45 billion midpoint. Wall Street’s consensus has crept slightly above that, calling for roughly $5.04 EPS on $3.48 billion in revenue.
Small gap on paper — except the stock hasn’t traded like the gap is small.
Seagate shares have gone parabolic in 2026, surging from roughly $275 in January to well above $900 as recently as last week.
That’s the more striking problem: Seagate’s own consensus analyst price target — $788 across 20 analysts by Benzinga’s tally — sits below where the stock has been trading, meaning the Street’s own targets have been left in the dust by the rally.
Wall Street’s STX Price TargetsNot every desk is chasing it blindly. Susquehanna reiterated a Neutral rating on July 8 even after lifting its target to $775, while Citigroup has pushed its target as high as $1,240 and Wells Fargo upgraded to Overweight at $1,100 — a wide analyst spread that signals real disagreement over how much further this goes.
The bull case is intact on paper: hyperscalers are locking up nearline HDD capacity for AI workloads, and CEO Dave Mosley has said capacity is essentially committed through 2027, with management lifting its long-term annual revenue growth target to at least 20%.
Seagate has also beaten EPS estimates for four straight quarters, according to Benzinga Pro data. But that track record is exactly why Tuesday’s report is dicey: a stock trading near 80x trailing earnings, above its own analyst price targets, doesn’t get rewarded for merely hitting numbers it already guided to.
With consensus sitting slightly above management’s own midpoint, even a clean beat may not be beat enough to satisfy a market that’s already sprinted past the guidance it’s supposed to be trading on.
STX Stock Price Activity: Seagate stock was down 8.10% at $750.83 at the time of publication Tuesday, according to data from Benzinga Pro.
Over the past month, STX has declined about 15.1% versus a 0.6% rise in the S&P 500 and is up roughly 176% year-to-date compared to the index’s 8.1% gain.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Seagate Technology oznámí hospodářské výsledky za 4. čtvrtletí po uzavření trhu v úterý; analytici čekají zisk 5,10 USD na akcii a tržby 3,4898 miliardy USD.
Seagate Technology (NASDAQ:STX – Get Free Report) is expected to be releasing its Q4 2026 results after the market closes on Tuesday, July 28th. Analysts expect Seagate Technology to announce earnings of $5.10 per share and revenue of $3.4898 billion for the quarter. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Parties may review the information on the company’s upcoming Q4 2026 earning report for the latest details on the call scheduled for Tuesday, July 28, 2026 at 5:00 PM ET.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. On average, analysts expect Seagate Technology to post $14 EPS for the current fiscal year and $27 EPS for the next fiscal year.
Seagate Technology Price Performance NASDAQ STX opened at $851.69 on Friday. The stock has a market capitalization of $190.97 billion, a price-to-earnings ratio of 80.81 and a beta of 2.04. Seagate Technology has a 1-year low of $138.30 and a 1-year high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The business’s fifty day moving average price is $893.15 and its 200-day moving average price is $610.20.
Seagate Technology Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.
Insider Transactions at Seagate Technology In other Seagate Technology news, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. The trade was a 32.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Seagate Technology Hedge funds have recently bought and sold shares of the business. Sivia Capital Partners LLC bought a new stake in Seagate Technology during the second quarter worth approximately $262,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $200,000. Quattro Advisors LLC purchased a new position in shares of Seagate Technology in the 4th quarter worth approximately $104,000. Gen Wealth Partners Inc boosted its holdings in shares of Seagate Technology by 256.0% in the 4th quarter. Gen Wealth Partners Inc now owns 356 shares of the data storage provider’s stock worth $98,000 after purchasing an additional 256 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $90,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Analysts Set New Price Targets Several equities analysts have recently weighed in on the stock. Wedbush increased their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Wells Fargo & Company upgraded Seagate Technology from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $900.00 to $1,100.00 in a research report on Friday, July 10th. Evercore boosted their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $898.52.
Check Out Our Latest Research Report on Seagate Technology
Key Headlines Impacting Seagate Technology Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Several previews say Seagate remains well positioned to beat fiscal Q4 expectations, citing AI-driven storage demand, rising HAMR adoption, and improving margins that could support another strong earnings report. Article title: STX Likely to Beat Q4 Earnings: Is it a Portfolio Must-Have Now? Positive Sentiment: Another earnings preview argues Seagate’s AI tailwinds are intact, with higher-density storage demand and operating leverage supporting profitability, though valuation has become less compelling. Article title: Seagate Earnings Preview: AI Tailwinds Remain, But Fading Sentiment Caps The Premium Positive Sentiment: Commentary from the last two days says Seagate could rebound after being off from recent highs if earnings confirm strong demand for high-capacity storage. Article title: Seagate Stock Is Off 20% From Its High. Why July 28 Earnings Could Trigger a Rebound. Neutral Sentiment: Short-interest data showed no meaningful change in borrowed shares, so it does not appear to be a major driver of trading today. Neutral Sentiment: One market note highlighted rising losses across mega-cap AI names like Tesla, Alphabet, Meta, Amazon, and Microsoft, reinforcing the broader risk-off tone in AI-related stocks. Article title: Why Tesla, Google, and other Mag 7 stocks are losing billions in valuation Negative Sentiment: A trading-focused report says Seagate is falling on broad semiconductor weakness and concerns that AI spending may be shifting, which is likely weighing on the shares despite upbeat earnings expectations. Article title: Why Is Seagate Stock Falling on Friday? About Seagate Technology (Get Free Report)
Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.
Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.
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Seagate čeká ve 4. fiskálním čtvrtletí výnosy kolem 3,45 mld. USD a non-GAAP EPS asi 5,00 USD. Firma těží z poptávky po AI, cloudu a datových centrech.
Key Takeaways Seagate expects Q4 revenue of about $3.45B and non-GAAP EPS of about $5.00 per share.STX is benefiting from AI, cloud and data center demand, with HAMR and Mozaic driving growth.Seagate sees strong momentum from pricing, margins and free cash flow despite competitive and cyclical risks. Seagate Technology Holdings plc (STX - Free Report) is scheduled to report fourth-quarter fiscal 2026 earnings on July 28, after the closing bell.
The Zacks Consensus Estimate for earnings is pegged at $5.10 per share, indicating a 96.9% year-over-year increase. The Zacks Consensus Estimate for revenues is $3.5 billion, suggesting a 43% uptick from the year-ago actual.
For the fiscal fourth quarter, STX expects revenues of $3.45 billion (+/- $100 million). At the midpoint, this indicates a 41% year-over-year improvement. Non-GAAP earnings are expected to be $5.00 per share (+/- 20 cents).
STX’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 10.7%.
Image Source: Zacks Investment Research
What the Zacks Model Predicts for STXOur proven model predicts an earnings beat for Seagate this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Seagate has an Earnings ESP of +1.75% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Factors Shaping STX Upcoming Q4 EarningsSeagate’s fiscal fourth-quarter performance is likely to have been cushioned by the explosive growth of AI, cloud computing and enterprise data centers, all of which continue to fuel demand for HDDs. Hyperscalers and cloud providers increasingly rely on Seagate's advanced HDD solutions because they offer the lowest cost per terabyte for massive-scale storage. STX is capitalizing on this opportunity through its HAMR roadmap and areal density strategy, improving cost and power efficiency while targeting mid-20% exabyte growth.
Its 44TB Mozaic 4+ platform is expected to lead HAMR shipments by the end of 2026, while the 50TB Mozaic 5 remains on track for late-2027 qualification. As production scales, Seagate plans to expand HAMR beyond hyperscale customers into enterprise and edge markets, enhancing long-term efficiency and growth. Nearline drives remain Seagate's most profitable business. Enterprise customers continue prioritizing larger-capacity drives that reduce operating costs while maximizing storage density. Demand has consistently exceeded supply over recent quarters, allowing Seagate to maintain healthy pricing.
An encouraging trend over recent quarters has been Seagate's improving profitability. Non-GAAP gross margin hit a record 47%, increasing about 1,080 basis points year over year, driven by favorable product mix and ongoing pricing initiatives in the fiscal third quarter. If revenue again surpasses expectations in the fiscal fourth quarter, margins could surprise positively, leading to stronger earnings growth than revenue alone might suggest. For the fiscal fourth quarter, non-GAAP operating expenses are expected to be around $295 million. At the midpoint of revenue guidance, non-GAAP operating margin is projected to rise into the low 40% range.
Image Source: Zacks Investment Research
STX's optimistic fiscal fourth-quarter outlook highlights increasing business momentum and future opportunities. Management emphasized that the company is entering a “new era of structural growth” fueled by strong AI-driven demand, increased adoption of Mozaic products and disciplined execution focused on expanding margins, cash flow and long-term value. It generates robust free cash flow, which it uses to fund dividends, share buybacks, technology investments and strengthen its balance sheet. Its above-average dividend yield, combined with earnings growth, makes the stock attractive for both income and long-term capital appreciation.
Amid geopolitical tensions, including the Middle East conflict, Seagate does not expect any material impact on its business, supported by proactive supply chain and logistics management. Per management, AI-driven demand for large-scale storage remains strong, with rising exabyte demand, continued Mozaic product qualification and disciplined pricing supporting its growth outlook. Despite the favorable outlook, Seagate is not without risks. It faces risks from a potential slowdown in enterprise IT spending, which could delay storage upgrades despite healthy hyperscale demand. The HDD industry also remains cyclical, with periods of oversupply capable of pressuring pricing and margins.
Additionally, intense competition from Western Digital Corporation (WDC - Free Report) and other storage technology providers could have challenged Seagate's quarterly performance.
STX Stock vs. IndustrySTX stock has gained traction, climbing 505.3% in the past year, exceeding the Zacks Computer-Integrated Systems industry’s, the Zacks Computer & Technology sector and the S&P 500’s growth of 216.4%, 25.6% and 18%, respectively.
Image Source: Zacks Investment Research
The company has also surpassed its industry peers like Agilysys, Inc. (AGYS - Free Report) , which has crashed 18.7% in the past year. Seagate’s shares have, however, trailed past storage rivals Micron Technology (MU - Free Report) and WDC, which soared 790% and 711.2%, respectively.
STX Trades at a PremiumIn terms of forward price/earnings, STX’s shares are trading at 30.56X, higher than the industry’s 13.03X. If earnings continue expanding over the next several quarters, today's valuation could still remain justified.
Image Source: Zacks Investment Research
WDC, MU and AGYS are trading at multiples of 28.42X, 6.64X and 47.92X, respectively.
Is STX Stock a Portfolio Must-Have?Seagate appears well-positioned to deliver another strong quarterly performance. Robust AI-driven storage demand, expanding HAMR adoption, improving margins and disciplined capital allocation all support the possibility of a fiscal fourth-quarter earnings beat. While cyclical risks and enterprise spending fluctuations should not be overlooked, the company's improving competitive position and favorable industry trends suggest that Seagate can continue creating shareholder value over the coming years.
If it delivers another earnings beat while maintaining a strong outlook for fiscal 2027, the stock may remain an attractive long-term investment. For investors seeking diversified exposure to the AI infrastructure trend along with reliable cash flow and dividend income, Seagate deserves serious consideration as a core technology stock.
Andra AP fond ve 1. čtvrtletí nově koupil 32 687 akcií Seagate Technology za zhruba 12,805 milionu USD. Firma zároveň oznámila výnosy 3,11 miliardy USD a EPS 4,10 USD, nad odhady analytiků.
Andra AP fonden acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,687 shares of the data storage provider’s stock, valued at approximately $12,805,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. State Street Corp raised its position in shares of Seagate Technology by 1.0% during the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after acquiring an additional 258,151 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after acquiring an additional 243,551 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after acquiring an additional 1,883,769 shares during the period. 92.87% of the stock is owned by institutional investors.
Seagate Technology Stock Performance Shares of STX opened at $891.83 on Wednesday. Seagate Technology Holdings PLC has a one year low of $138.30 and a one year high of $1,145.00. The company has a 50-day moving average of $888.04 and a two-hundred day moving average of $599.64. The stock has a market cap of $199.98 billion, a price-to-earnings ratio of 84.61 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.
Seagate Technology Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.
Insider Transactions at Seagate Technology In other news, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares of the company’s stock, valued at $10,639,736.72. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer owned 42,860 shares of the company’s stock, valued at $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 151,069 shares of company stock valued at $126,191,753 in the last three months. 0.79% of the stock is currently owned by insiders.
Key Seagate Technology News Here are the key news stories impacting Seagate Technology this week:
Positive Sentiment: Analysts say Seagate has the right mix of factors for a likely earnings beat in its next report, with expectations for earnings growth ahead of results. Seagate (STX) Earnings Expected to Grow: Should You Buy? Positive Sentiment: Seagate was included in a Zacks analyst roundup alongside names tied to strong results, AI demand, and improving growth outlooks, reinforcing bullish sentiment. The Zacks Analyst Blog Highlights Johnson & Johnson, Lam Research, Seagate, KVH Industries and Dawson Geophysical Positive Sentiment: Broker commentary and market coverage continue to cite Seagate as a beneficiary of AI infrastructure and memory-related demand trends, which has supported the stock’s recent strength. Banking giant names 7 stocks to buy after memory equities sell-off Neutral Sentiment: Jim Cramer suggested trimming Seagate after its strong comeback ahead of July 28 earnings, which may reflect caution about short-term gains despite the constructive longer-term backdrop. Jim Cramer suggests trimming Seagate position after strong comeback ahead of July 28 earnings Analyst Ratings Changes A number of equities research analysts have weighed in on the company. Wedbush upped their target price on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. lifted their price target on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Barclays boosted their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Cantor Fitzgerald raised their target price on Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Susquehanna lifted their target price on Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $898.52.
Get Our Latest Research Report on STX
Seagate Technology Company Profile (Free Report)
Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.
Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.
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SanDisk vykázal tržby ve výši 5,95 miliardy USD, meziročně o 251 % více, a hrubá marže vyskočila na 78,4 %. Seagate zvýšil tržby na 3,11 miliardy USD a volný peněžní tok na 953 milionů USD.
SanDisk (NASDAQ: SNDK | SNDK Price Prediction) and Seagate Technology (NASDAQ: STX) just delivered blockbuster March quarter results, and both credit the same force: AI data creation.
One sells NAND flash for high-speed inference. The other sells nearline HDDs that warehouse petabytes cheaply. Comparing them now shows how storage is splitting into two distinct AI supply chains.
Flash Explodes. Spinning Disks Grind Higher. SanDisk posted $5.95 billion in revenue, a 251% jump, with Datacenter alone surging 645% year over year to $1.467 billion. Gross margin swung to 78.4% from 22.5% a year ago, a move that only makes sense when NAND pricing is genuinely scarce. CEO David Goeckeler called it “a fundamental inflection point” tied to BiCS8 flash and High Bandwidth Flash for AI inference.
Seagate’s numbers look calmer but no less structural. Revenue reached $3.11 billion, up 44.1%, with non-GAAP gross margin hitting 47%. Free cash flow leapt to $953 million from $216 million. Dave Mosley framed the quarter as “a new era of structural growth as AI applications amplify data creation.” The Mozaic HAMR platform is now qualified with five of the world’s largest cloud customers.
Two Very Different Bets on AI Storage Lens SanDisk Seagate Core Tech BiCS8 NAND, High Bandwidth Flash HAMR Mozaic areal density Customer Model Multi-year NBM firm commitments Build-to-order, capacity spoken for Balance Sheet Zero long-term debt Debt paydown, convert dilution risk Key Vulnerability NAND pricing swings, Kioxia reliance HDD cyclicality, tariff exposure SanDisk is locking hyperscalers into five New Business Model agreements with firm financial commitments, trying to convert a historically brutal commodity cycle into something that looks like a subscription.
Seagate is doing the opposite in spirit: leaning on decades of areal density expertise to be the cheapest place to park an exabyte. Mosley noted nearline capacity is committed through mid-calendar 2026, which is the sort of visibility HDD investors rarely get.
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The Next Test Is Whether Pricing Holds SanDisk guided Q4 revenue to $7.75 billion to $8.25 billion and EPS to $30 to $33, which prices in another leg of NAND tightness. I will watch consumer, which slipped 10% sequentially, and any hint that Kioxia supply dynamics shift.
Seagate’s guide of $3.45 billion revenue and $5 EPS depends on Mozaic ramping cleanly at 4-plus TB per disk. Both stocks have cooled recently, with SNDK down 23.38% over the past month and STX off 18.64%, so expectations are elevated.
Why I Lean Seagate for Durability, SanDisk for Torque On the data, Seagate looks like the steadier expression of the AI storage story. The 47% gross margin and build-to-order visibility feel structural and durable.
SanDisk offers more upside if NAND stays tight, and the 580% YTD run shows the market agrees, but a 60x P/E leaves less margin for error. For investors focused on AI torque, SanDisk carries more upside tied to NAND pricing, while Seagate offers steadier cash flow visibility.
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Seagate těží z poptávky po AI úložištích a zvýšil celoroční výhled růstu tržeb na nejméně 20 %. Firma zároveň rozšiřuje HAMR disky Mozaic a zvyšuje marže.
Key Takeaways Seagate is benefiting from AI-driven storage demand, supporting higher revenue growth and margin expansion.STX is advancing HAMR with Mozaic drives, targeting higher-capacity enterprise HDDs through 2027.STX is boosting shareholder returns with debt reduction, dividends, buybacks and strong cash flow. The AI boom has reshaped the technology landscape, creating massive demand not only for GPUs and cloud infrastructure but also for data storage solutions. As enterprises generate and retain unprecedented amounts of AI training and inference data, storage has become a critical piece of the AI value chain.
Among the biggest beneficiaries of this trend has been Seagate Technology Holdings plc (STX - Free Report) , surging an impressive 505.6% over the past year. It has outpaced the Zacks Computer-Integrated Systems industry, the Zacks Computer & Technology sector and the S&P 500’s run of 218.8%, 34.4%, and 23.1%, respectively, in the same period.
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STX’s shares have exceeded its industry peers like International Business Machines Corporation (IBM - Free Report) , but lagged HDD behemoth and its direct competitor Western Digital Corporation (WDC - Free Report) and storage rival Micron Technology (MU - Free Report) . WDC, MU and IBM have gained 751.4%, 676.2% and 4.1%, respectively, during the same time frame.
STX remains one of the world's leading manufacturers of enterprise HDDs and has been aggressively developing next-generation high-capacity drives specifically designed for AI data centers. The company boasts a 52-week high of $1,145. Nonetheless, such an extraordinary rally naturally raises an important question for investors: Can Seagate continue climbing, or has the market already priced in most of the opportunity?
Accelerating AI Infrastructure Spending Fuels STX’s ExpansionAI is driving an explosion in data storage. As hyperscale cloud providers continue expanding AI infrastructure, they increasingly rely on a combination of SSDs for active workloads and HDDs for large-scale data storage. This industry trend plays directly into Seagate's strengths. Major cloud providers, including Microsoft, Amazon, Alphabet and Meta Platforms, continue investing tens of billions of dollars in AI infrastructure. As they expand AI data centers, demand for enterprise storage is rising, creating a strong long-term growth opportunity for Seagate.
Management highlighted that the company is entering a “new era of structural growth” driven by strong AI-led demand, rising adoption of Mozaic products and disciplined execution focused on expanding margins, cash flow and long-term value. While SSDs dominate high-speed applications, HDDs remain significantly more cost-effective for bulk storage—especially critical in hyperscale data centers supporting AI infrastructure. Seagate is well-positioned to capture this expanding opportunity through a technology strategy focused on increasing areal density rather than unit volumes, enabling a more capital- and manufacturing-efficient path to scale while improving cost and power efficiency per terabyte. This supports its target of mid-20% exabyte growth.
HAMR Technology Gives STX a Competitive EdgeInvestment in HAMR technology is STX’s key competitive advantage. Seagate’s focus on areal density and HAMR technology supports capacity growth and cost efficiency, with new product generations planned. Mozaic 4, second-generation HAMR, delivers up to 44TB per drive, 30% more capacity than the first generation. Mozaic 4 shipments began in late March and are expected to command 70% of HAMR shipments by the end of fiscal 2027. Mozaic 5 is in development, targeting 50TB capacity, with qualification shipments in late 2027. HAMR exabyte crossover is expected by the end of 2026. The focus is on increasing capacity per unit rather than unit volume, leveraging technology to improve aerial density.
Second-generation HAMR enables continued growth, with third-generation drives with 50TB capacity expected by the end of next year. Technology innovations include laser, photonic circuitry and media improvements, with minimal impact on the bill of materials. Seagate's strategy is built on durable storage demand, technology leadership and disciplined execution. Rising AI-driven data creation is boosting demand for cost- and energy-efficient, high-capacity HDDs, while its Mozaic platform and HAMR technology strengthen its competitive position. Backed by build-to-order contracts, pricing discipline and long-term supply agreements, Seagate is improving margin visibility and profitability.
Strong hyperscaler investment and sustained nearline storage demand have prompted the company to raise its annual revenue growth outlook to at least 20%, with capacity largely committed through 2027. Seagate's disciplined pricing strategy, supported by build-to-order contracts, provides greater revenue visibility and margin stability. Strong year-over-year and sequential price increases reflect robust demand, while most pricing for fiscal 2027 is already locked in with a significant portion of capacity allocated over the next four quarters. This approach is expected to support sequential revenue and profit growth throughout fiscal 2027, with management anticipating stable pricing trends rather than further acceleration.
Seagate's margins continue to outperform expectations, driven by strong demand, a favorable product mix and technology-led cost efficiencies. Incremental gross margins have exceeded the company's 50% target, supported by higher-capacity drives, improved yields and greater production efficiency. Management expects further margin expansion as Mozaic 5 and other technology advancements enhance cost and performance.
Strong Cash Returns Enhance the Investment CaseConsistent free cash flow generation strengthens Seagate's balance sheet and provides flexibility for future investments. Seagate also rewards shareholders through dividends. The company has maintained an attractive dividend policy while continuing to invest in product innovation. For income-focused investors, this provides an additional layer of return beyond potential share-price appreciation.
Seagate is using its strong cash flow to reduce debt while returning capital to shareholders through dividends and share repurchases. After retiring $641 million in debt last quarter, the company plans to reduce its remaining convertible notes further, expand buybacks and continue investing in growth, reinforcing its commitment to long-term shareholder value. It will maintain capital discipline while continuing the transition and ramp-up of HAMR technology, with fiscal 2026 capital spending expected to remain within its target range of 4–6% of revenue.
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However, investors should remain aware of several risks. The HDD industry remains cyclical, making shipments vulnerable to customer inventory corrections, slower enterprise spending and weaker PC demand. Declining SSD prices could also intensify competition, although HDDs continue to offer a significant cost advantage for exabyte-scale storage. Additionally, Seagate's reliance on large hyperscale cloud customers means changes in their purchasing schedules can lead to quarter-to-quarter revenue volatility.
Positive Estimate Revision Trend for STXSTX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2026 have inched up 0.3% to $14.93 over the past 60 days, while the same for fiscal 2027 has gone up 6.5% to $28.05.
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Valuation VulnerabilitiesGoing by the price/earnings ratio, the company’s shares currently trade at 30.54 forward earnings compared with 13.5 for the industry.
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In comparison, the forward 12-month price/earnings multiple for IBM, MU and WDC are 23.35X, 6.73X and 29.54X, respectively.
Is More Upside Ahead for STX Stock?Seagate's growth outlook is driven by several long-term catalysts, including sustained AI infrastructure spending, broader adoption of HAMR technology, increasing enterprise data storage needs and continued expansion of cloud data centers. Improving storage pricing, robust free cash flow and ongoing margin expansion could further boost earnings. Successful execution of its technology roadmap would strengthen Seagate's leadership in enterprise storage and support additional upside over the long term.
For investors who believe AI-driven data creation will continue accelerating over the next decade, Seagate remains an attractive way to gain exposure to one of the essential segments of the AI supply chain. While short-term pullbacks are always possible after such a strong run, the company's technological prowess, improving profitability and exposure to one of the fastest-growing technology trends suggest there could still be further upside over the long term.
Boasting a Zacks Rank #1 (Strong Buy) currently, STX is a portfolio must-have. You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate ve 3. čtvrtletí zvýšil tržby datacentrové divize o 55 % na 2,5 miliardy USD díky silné poptávce cloudových zákazníků. Firma čeká další růst tržeb i marží do fiskálního roku 2027.
Key Takeaways Seagate's data center revenue rose 55% year over year to $2.5 billion on strong cloud demand. STX shipped Mozaic drives to 75% of leading cloud customers and targets full qualification this quarter.Seagate expects quarterly revenue growth and margin expansion through fiscal 2027 on strong demand. Seagate Technology Holdings plc’s (STX - Free Report) data center business continued to post strong performance during the third quarter of fiscal 2026, supported by sustained demand from cloud and enterprise customers. In the third quarter, the data center segment accounted for 80% of total revenue and 88% of exabyte shipments. The company shipped 175 exabytes to the data center market, representing a 6% sequential increase and 47% year-over-year growth, while data center revenue rose 12% sequentially and 55% from the prior-year period to $2.5 billion.
Cloud customers remain the primary contributor to data center revenue and capacity shipments. Seagate is expanding shipments of its Mozaic HAMR-based drives to address increasing cloud demand. During the third quarter, the company shipped Mozaic drives for revenue to 75% of the leading global cloud customers and expects to complete qualification with the remaining two customers during the current quarter. Enterprise OEM data center revenue also increased sequentially, reflecting broader deployment of AI applications and renewed demand for hybrid and tiered storage architectures.
Management highlighted that the company has recorded 10 consecutive quarters of revenue growth from cloud customers. Nearly all major cloud and hyperscale customers have entered exabyte-scale supply agreements with Seagate, while nearline capacity is almost fully allocated through calendar 2027. The company is also finalizing build-to-order contracts through fiscal 2027, providing defined product configurations and pricing, while strategic planning discussions are already extending into calendar 2028 and beyond.
For the fourth quarter, Seagate expects revenue of approximately $3.45 billion, plus or minus $100 million. The company projects non-GAAP operating expenses of about $295 million, with an operating margin in the lower 40% range. Management stated that strengthening exabyte demand, continued Mozaic product qualification and pricing execution support confidence in delivering quarterly revenue growth and margin expansion through fiscal 2027.
Taking a Look at STX’s CompetitorsWestern Digital Corporation (WDC - Free Report) continues to strengthen its data center business by delivering high-capacity HDDs that offer strong reliability, scalability, energy efficiency and low total cost of ownership for AI- and cloud-driven storage demand. The company shipped 222 exabytes during the quarter, up 34% year over year, including 4.1 million next-generation ePMR drives totaling 118 exabytes. It is advancing ePMR, HAMR and UltraSMR technologies, with 40TB UltraSMR ePMR drives under qualification at two hyperscalers and volume production targeted in the second half of fiscal 2026. Firm purchase orders from its top seven customers are secured through 2026, supported by multi-year agreements extending into 2027 and 2028.
NetApp (NTAP - Free Report) is benefiting from strong demand for data center storage driven by enterprise modernization and AI workloads. Fiscal 2026 all-flash revenue increased 11% year over year to $4.2 billion, while fourth-quarter all-flash revenue rose 18% to $1.2 billion, supported by demand across high-performance flash, capacity flash and block-optimized storage. The company is expanding its AI-focused portfolio with AFX and the AI Data Engine and reported more than 1,100 AI and data preparation wins during fiscal 2026. Management expects enterprise AI activity to increase in fiscal 2027, supporting continued demand for performance-oriented storage platforms across on-premises and cloud environments.
STX’s Price Performance, Valuation & EstimatesIn the past year, STX’s shares have skyrocketed 517.4%, outperforming the Computer Integrated Systems industry’s growth of 234.1%.
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In terms of forward price/earnings, STX’s shares are trading at 64.41X, higher than the industry’s 13.93X.
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STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2026 have increased 0.3% to $14.93 over the past 60 days, while the same for fiscal 2027 has gone up 5.2% to $27.72.
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STX currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron čeká ve fiskálním 3. čtvrtletí 2026 tržby ve výši 33,5 mld. USD a hrubou marži kolem 81 % díky silné poptávce po HBM čipech. Seagate ve fiskálním 3. čtvrtletí 2026 vykázal tržby ve výši 3,11 mld. USD, meziročně o 44 %.
Key Takeaways MU expects fiscal Q3 2026 revenues of $33.5B and gross margin near 81%.Seagate posted fiscal Q3 2026 revenues of $3.11B, up 44% year over year. STX expects fiscal Q4 2026 revenues of about $3.45B and EPS near $5.00. For quite some time, Micron Technology (MU - Free Report) and Seagate Technology Holdings plc (STX - Free Report) have been benefiting from the artificial intelligence (AI) boom, as rising data needs fuel demand for memory and storage solutions.
Both stocks have delivered exceptional returns of more than 600% over the past year. Let us thus see in detail why they still have further upside potential, and what makes them a compelling buy –
Micron Rides AI Wave With HBM Growth Micron is currently enjoying strong pricing power as its state-of-the-art high-bandwidth memory (“HBM”) chips are in high demand amid tight supply conditions. Demand for HBM chips has skyrocketed as hyperscalers continue to increase investments in AI infrastructure. These HBM chips can handle complex workloads efficiently while reducing power usage.
Micron now expects revenues to improve to $33.5 billion in the fiscal third quarter of 2026 from $23.86 billion in the fiscal second quarter of 2026 due to the high demand for HBM chips, according to investors.micron.com. The company’s expectations of a solid gross margin of about 81% for the fiscal third quarter of 2026 also reflect strong financial momentum and long-term growth outlook.
Supply constraints for Micron’s highly sought-after NAND flash chips are expected to continue through mid-next year, which could further strengthen margins. As a result, the company’s expected earnings growth rate for the current year is 626.5%. The Zacks Consensus Estimate of $60.23 for MU’s earnings per share (EPS) is up 392.9% year over year (read more: Micron vs. NVIDIA: One AI Stock Is a Clear Buy Right Now).
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Seagate’s Nearline Business Fuels Growth Seagate reported revenues of $3.11 billion in the fiscal third quarter of 2026, up 44% year over year, according to investors.seagate.com. Such revenue growth is exceptional for a hardware company, indicating strong demand for Seagate’s high-capacity storage products. Seagate’s nearline storage business, known for providing high-capacity data center drives, is the company’s key growth engine.
But revenue growth is not a one-time event. It is expected to continue in the next quarter as well. For the fiscal fourth quarter of 2026, Seagate expects revenues of $3.45 billion, plus or minus $100 million. Similarly, the company expects non-GAAP diluted EPS of $5, plus or minus $0.2, in the fiscal fourth quarter of 2026, up from $4.1 in the fiscal third quarter of 2026. The company’s solid non-GAAP gross margin of 47% in the fiscal third quarter of 2026 indicates that profitability is improving, the company is operationally efficient, and has pricing power.
Seagate’s free cash flow of $953 million in the fiscal third quarter of 2026 also indicates that the company now has sufficient funds to support future investments. As a result, the company’s expected earnings growth rate for the current year is 84.3%. The Zacks Consensus Estimate of $14.93 for STX’s EPS is up 51% year over year.
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Both Micron and Seagate currently have a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate Technology (NASDAQ:STX | STX Price Prediction) has delivered one of the market’s most remarkable runs of 2026, with the stock up 297.98% year to date as AI-driven storage demand rewrites the narrative around legacy hard drive makers. After a parabolic move from $274.90 on December 31, 2025 to $1,094.04 on June 22, 2026, the question is how much higher this can go.
Our 24/7 Wall St. price target for Seagate is $1,010.11 over the next 12 months, implying roughly 7.7% downside from current levels. Our recommendation is hold, with a 90% confidence level, reflecting high conviction in the model output even as fundamentals remain intact.
Metric Value Current Price $1,094.04 24/7 Wall St. Price Target $1,010.11 Upside/Downside -7.7% Recommendation HOLD Confidence Level 90% Why We Could Be Wrong Our 24/7 Wall St. price target sits below where Seagate trades today. STX is one of the most dynamic AI infrastructure stories in the market, and real upside could come from accelerated Mozaic 4 ramp through calendar 2026 or from HDD pricing power lasting deeper into 2028 than the model assumes. The bull case below explains why Seagate could keep rallying past our number.
From $131 to $1,094 in 12 Months Seagate has gained 746% over the past year and 34.61% in the past month alone.
The catalyst was Q3 FY26 earnings on April 28, 2026, where Seagate posted adjusted EPS of $4.10 versus $3.50 expected on revenue of $3.11 billion, up 44.07% year over year. Non-GAAP gross margin expanded to 47.0% from 36.2%, and free cash flow reached $953 million. Management guided Q4 to $3.45 billion in revenue and $5.00 EPS, fueling the move.
The Case for $1,200+ Bulls have real ammunition. Morgan Stanley raised its target to $1,035 from $767 citing HDD shortages through at least 2028. Mizuho raised its target to $1,090 from $875, JPMorgan to $920, and Wells Fargo to $900.
CEO Dave Mosley said Seagate has “exabyte-scale supply agreements in place with nearly all major cloud and hyperscale customers, with nearline capacity almost fully allocated through calendar 2027”, and management raised its annual revenue growth target to a minimum of 20% over the next few years. Our bull case scenario points to $1,217.94, an 11.32% return.
What Could Go Wrong The risk centers on valuation. STX trades at a P/E of 102 and roughly 88x forward earnings, well above the $898.09 analyst consensus target.
Insiders, including CFO Gianluca Romano and CEO Dave Mosley, sold shares in mid-June at $880.19, though bulls note these were pre-planned 10b5-1 transactions and Mosley still holds over 327,000 shares. Other risks include tariff exposure, Middle East conflict, and dilution from Exchangeable Senior Notes due 2028. Our bear case lands at $742.76, a 32.11% drawdown.
Seagate Price Prediction 2026-2030 A pullback to the $850 to $900 range would look more attractive on a risk/reward basis if HAMR qualification with remaining hyperscalers closes on schedule. The setup looks less compelling if Q4 results show softening in pricing or if exabyte shipments miss the mid-20% growth bar.
My 24/7 Wall St. price target of $1,010.11 and hold rating reflect high confidence that the easy money has been made, even though the structural AI thesis remains intact.
Here is where our model projects Seagate could trade, assuming current growth trajectories and pricing discipline hold.
Year 24/7 Wall St. Price Target 2026 $1,010 2027 $1,045 2028 $1,080 2029 $1,055 2030 $1,044 These projections assume Seagate executes the Mozaic roadmap and captures share of AI storage spend. Significant upside or downside could result from HAMR adoption pace, hyperscaler capex cycles, or competitive pressure from NAND on the storage tier.
Stanleyho Druckenmillera Duquesne Family Office nakoupila podíly ve společnostech Broadcom, Micron Technology a Seagate Technology jako sázku na AI infrastrukturu. Největší pozici má Broadcom, nejmenší Micron.
Stanley Druckenmiller’s Duquesne Family Office disclosed positions in three AI-infrastructure semiconductor names, Broadcom (NASDAQ: AVGO | AVGO Price Prediction), Micron Technology (NASDAQ: MU), and Seagate Technology (NASDAQ: STX) in its 13F for the quarter ended March 31, 2026, filed May 15, 2026. Per the disclosure, Broadcom is the largest position of the three, Seagate is next, and Micron is the smallest. These are sized as thematic exposure rather than core, high-conviction positions.
The unifying thesis is straightforward: every layer of the AI build-out, custom silicon, memory, and high-capacity storage, has been compounding revenue and margins faster than the broader tech tape.
Broadcom: The Custom-Silicon Flywheel Broadcom posted Q2 FY2026 revenue of $22.19 billion, up 47.9% year over year, with AI semiconductor revenue of $10.80 billion, up 143%. CEO Hock Tan guided “semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion” in Q3.
Shares closed most recently at $380.15, against a Wall Street consensus target of $523.84. The bull case is based on hyperscaler ASIC wins plus the VMware annuity. For the bear case, a forward P/E of 36x already prices in the 200% AI growth figure, and the stock is down 8.2% over the past month.
Seagate: AI Storage With a Margin Story Seagate’s Q3 FY2026 revenue rose 44.1% to $3.11 billion, with non-GAAP EPS of $4.10 and gross margin expanding to 47.0% from 36.2%. CEO Dave Mosley framed it as “a new era of structural growth as AI applications amplify data creation,” with HAMR-based Mozaic drives now qualified at some of the world’s largest cloud customers.
The bull case here hinges on build-to-order visibility through mid-2026 and a nine-quarter margin streak. On the other hand, shares are up 277.1% year to date to $1,038.59, trading above the analyst target of $898.09, with a forward P/E of 44x.
Micron: The Data Point That Splits the Room Micron’s Q2 FY2026 revenue jumped 196.3% to $23.86 billion, with non-GAAP EPS of $12.20 and GAAP gross margin of 74.4%. Management guided Q3 revenue to $33.50 billion at roughly 81% gross margin and raised the dividend 30%.
The valuation debate is sharp here: shares closed at $1,051.77 after a 13.2% single-day decline, while the consensus target of $945.60 implies modest downside, though analyst ratings skew heavily positive. The forward P/E of 11 is the cheapest of the three, but memory remains cyclical.
The Verdict For a retirement-focused investor, the takeaway is that Druckenmiller’s filing validates the AI-infrastructure thesis at the thematic level, while entry price remains a separate question. Broadcom looks like the most defensible secular compounder, given the software annuity behind the silicon. Seagate offers the cleanest margin story but the thinnest valuation cushion after a 690% one-year run. Micron’s earnings power is enormous, yet the gap between fundamentals and analyst targets warrants patience.
Following smart money on the thesis is reasonable; entry price still requires its own discipline. Sizing these as thematic exposure, as Duquesne did, is the more faithful replication of the trade.
