Seagate Technology has transformed into a supply-disciplined duopoly, focusing on selling allocated storage capacity through multi-year contracts rather than commodity drives. This strategic shift, combined with its build-to-order model and advanced HAMR technology, has driven rapid margin expansion, with non-GAAP gross margins reaching 52.7% and revenue growing 48% year-over-year. The company's nearline mass-capacity segment benefits from strong demand driven by AI storage needs, with supply nearly fully allocated through 2027, creating a structural competitive advantage. Analysts rate Seagate as a buy, expecting 15–20% upside supported by its premium market position, strong cash flow, and sustained growth prospects.
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...
