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Seagate shares soar 272% in 2026 on strong data center sales and AI demand growth

Company Fundamentals
26 Jun 2026
FXEmpire
View Source
Bullish
pluang ai news

Seagate Technology's shares have surged 272% in 2026 driven by a 44% revenue increase to $3.1 billion in Q3 fiscal 2026, with data center sales up 55%. The company benefits from growing demand for AI infrastructure, posting 115% growth in non-GAAP earnings per share and projecting at least 20% annual growth ahead. Institutional investors are heavily buying Seagate, reflecting confidence in its strong fundamentals and growth prospects. This momentum suggests Seagate could remain a valuable addition to diversified portfolios.

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