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Home/News Feed/Seagate shares hit 52-week high after Q3 earnings beat and strong data center demand.
STX
$799.97
-$28.33 -3.42%

Seagate shares hit 52-week high after Q3 earnings beat and strong data center demand.

Company Fundamentals
29 Apr 2026
Lekha Gupta
View Source
Bullish
pluang ai news

Seagate Technology reported Q3 earnings of $4.10 per share, surpassing the $3.50 estimate, with revenue of $3.11 billion beating the $2.95 billion forecast. The company expects Q4 revenue around $3.45 billion, implying 41% year-over-year growth, driven by strong demand in its data center business, which accounts for 80% of revenue and grew 55% year-over-year. Seagate raised its long-term revenue growth outlook to at least 20% annually, citing technology advances and AI-driven storage demand. Shares rose nearly 17% premarket, reaching a new 52-week high at $677.

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