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Seagate shares jump 6.3% on strong Q4 revenue and upbeat 2027 EPS guidance amid AI storage demand.

Analyst Insights
06 Sep 2026
Blockonomi
View Source
Bullish
Seagate shares jump 6.3% on strong Q4 revenue and upbeat 2027 EPS guidance amid AI storage demand.

Seagate Technology's shares rose 6.3% after reporting quarterly revenue of $3.63 billion, a 48.5% increase year-over-year, and earnings per share of $5.71, beating analyst expectations. The company projected Q1 2027 EPS between $7.10 and $7.50, well above Wall Street estimates, driven by growing demand for AI storage infrastructure. Several analysts raised their price targets, with Rosenblatt leading at $1,400. Institutional investors increased stakes, holding 92.87% of shares, while insiders sold shares under pre-set plans. The stock has surged 190.71% year-to-date, reflecting strong market confidence in Seagate's growth prospects.

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