Seagate Technology reported strong Q4 2026 results, beating earnings per share estimates with $5.71 and revenue of $3.63 billion, driven by high demand for data storage from the AI sector. The company showed solid financial health with a low debt-to-equity ratio and strong liquidity, signaling efficient management. This performance boosted investor confidence, reflected in a significant stock price rise. The growth outlook remains positive as AI continues to fuel data storage needs.
Seagate Technology will report its fiscal Q1 earnings on October 27, following a 31.7% stock drop over the past month due to fears of oversupply in the AI storage market. Despite recent strong financial results, including record revenue and profit be...
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
