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Seagate (STX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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AI-driven demand lifts computer storage stocks as WDC posts strong earnings and upbeat guidance, with STX also delivering solid results.
Seagate (STX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Seagate benefits from the robust AI-driven data center demand and the advancement in memory density, with it driving double digits revenue growth and notable margin expansion. These reasons are also why the company has been able to report a nearly fully booked position in 2026 while hinting at excellent growth opportunities through 2028. STX's premium P/E of 30x is vulnerable to momentum reversal if memory supply normalizes or data center capex slows, with it suggesting cyclical memory pricing risks.
Seagate's HDD strength and Pure Storage's flash innovation highlight starkly different bets in the booming $984B data storage market.
Seagate Technology Holdings PLC (NASDAQ:STX) stock is 15.2% higher to trade at a $428.21 at last glance, earlier touching a record $438.88 after the company reported better-than-expected results for the fiscal second quarter.
STX tops fiscal Q2 2026 earnings and revenue, sees strong data center demand, record margins and upbeat fiscal Q3 outlook as nearline capacity ramps.
Seagate Technology Holdings plc (STX) Q2 2026 Earnings Call Transcript
Seagate (STX) came out with quarterly earnings of $3.11 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.03 per share a year ago.
STX heads into Jan. 27 earnings with revenue expected to rise 16% YoY, strong AI-driven data center demand and solid margins.