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.
Featured Articles Five stocks we like better than Seagate Technology Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEDimensional Fund Advisors LP Increases Stake in TransUnion $TRU
NEXT HEADLINE »CommVault Systems (CVLT) to Announce Quarterly Earnings on Tuesday
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.
Recommended Stories Five stocks we like better than Seagate Technology Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible 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).
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.
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.
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.
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.
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.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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%.
Image Source: Zacks Investment Research
In terms of forward price/earnings, STX’s shares are trading at 64.41X, higher than the industry’s 13.93X.
Image Source: Zacks Investment Research
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.
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.
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).
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
