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Seagate expects strong Q2 2026 earnings driven by AI demand, with EPS $5.10 and $3.5B revenue forecast.

Company Fundamentals
28 Jul 2026
Danny Green
View Source
Bullish
Seagate expects strong Q2 2026 earnings driven by AI demand, with EPS $5.10 and $3.5B revenue forecast.

Seagate Technology is set to report its Q2 2026 earnings with analysts expecting an EPS of $5.10 and revenue around $3.5 billion, reflecting strong demand for data storage driven by AI growth. The company's optimistic guidance aligns with these estimates, boosting investor confidence and causing a stock rally. Citigroup raised Seagate's price target to $1,240 despite a high P/E ratio of 67.92, signaling expectations of future earnings growth. The earnings report, due after market close on July 28, 2026, will be closely watched as Seagate competes in a dynamic tech market alongside companies like Nvidia and Marvell Technology.

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