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Home/News Feed/Seagate stock dips 20% but remains a buy on strong earnings and growth outlook

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$799.10

-$29.20 -3.53%

Seagate stock dips 20% but remains a buy on strong earnings and growth outlook

Company Fundamentals

31 Mar 2026

Seeking Alpha

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Bullish

Seagate Technology's stock has fallen over 20% from its all-time high, yet it remains a buy due to strong quarterly results showing 22% revenue growth and a record $607 million free cash flow. The company posted a 42.2% gross margin and raised its guidance for Q3, expecting further margin expansion driven by AI and HAMR technology. Despite a narrower margin of safety, the stock's valuation and technical support levels suggest a good buy-the-dip opportunity for investors.

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