Seagate reported record free cash flow and locked in supply contracts through 2030, reflecting strong demand for its hard drives driven by AI and cloud storage growth. Despite revenue rising 61% year-over-year to $4.23 billion and improving margins, the stock fell 5.5% after hours, likely due to concerns about tight supply and high market expectations. The company is intentionally limiting drive unit production, focusing on increasing data density per drive. Investors will watch the next quarter's revenue and contract pricing for signs of sustained growth or potential risks from competitors expanding capacity.
As of Oct 28, 2026 19:12 WIB, Seagate Technology Holdings PLC (STX) trades at USD 652.20 on Pluang, down 2.34% for the day. Despite the stock's recent decline, the company maintains a substantial market cap of $151.86 billion and strong investor interest, with 91% of Pluang orders buying the stock. This trading activity highlights continued confidence in Seagate's position amid its strategic focus on AI-driven storage demand.
SK Hynix surged 7% after reporting a record quarter driven by strong AI memory demand and warning that shortages could last through 2030. Micron also rose 3% on similar market dynamics. In contrast, Seagate fell 2% despite beating revenue and earning...
Seagate Technology's stock dropped 27% in the last month despite posting record earnings and beating revenue and EPS expectations. The decline is mainly due to investor concerns about the sustainability of AI infrastructure spending. However, Wall St...
Seagate's stock fell 30% in a month even as its revenue jumped 48.5% to $3.63 billion, beating estimates and locking in demand through 2028. The company’s CEO highlighted that 90% of shipments now serve data centers, with new HAMR technology driving ...
AI-related stocks have surged unevenly across four key sectors: semiconductor memory, HDD storage, semiconductor equipment, and AI computing platforms. Micron and SK hynix lead with strong memory demand but face concerns over peak profits. HDD makers...
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...
