Seagate (STX) could produce exceptional returns because of its solid growth attributes.
Seagate (STX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
I was dead wrong with my Hold rating on Seagate Technology Holdings plc earlier in February. Despite my valuation concerns and lower growth prospects, STX stock has outperformed memory peers, showing the market is willing to accept its richer premium for now. STX pricing power likely explained about $141 million of the $276 million sequential data center revenue increase in Q3 and lifted GAAP gross margin to 46.5%.
Seagate Technology (NASDAQ:STX | STX Price Prediction) is the name lighting up screens this morning after a 17.13% earnings beat sent shares up roughly 13% after the close.
The AI crowd is getting fired up, and the headliners haven't even hit the stage yet.
Seagate Technology Holdings PLC (NASDAQ:STX) reported stronger-than-expected fiscal third quarter 2026 results on April 28, driven by sustained demand for high-capacity data storage tied to artificial intelligence workloads, with shares rising about 12%. The company posted revenue of $3.11 billion, ahead of analyst expectations of roughly $2.94 billion to $2.96 billion.
Seagate's fiscal Q3 beat on earnings and revenues estimates as AI-driven data center demand lifts nearline shipments and margins, sending shares higher.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Seagate Technology Holdings (NASDAQ:STX) is surging higher this morning, last seen up 17.3% to trade at $679.37, earlier tapping a fresh record high of $687.
While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seagate Technology delivered a strong set of third-quarter results that comfortably exceeded Wall Street expectations, sending its shares sharply higher in premarket trading and reinforcing investor confidence in the durability of artificial intelligence-driven demand for data storage. The hard-drive maker reported adjusted earnings of $4.10 per share for the quarter, more than doubling from $1.90 a year earlier and beating the consensus estimate of $3.51.
Seagate Technology Holdings plc (STX) Q3 2026 Earnings Call Transcript