Seagate Technology (NASDAQ:STX) Releases Q3 2026 Earnings Guidance

Seagate Technology (NASDAQ:STX) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.200-3.600 for the period, compared to the consensus earnings per share estimate of 3.010. The company issued revenue guidance of $2.8 billion-$3.0 billion, compared to the consensus revenue estimate of $2.7 billion.

Analyst Ratings Changes

A number of analysts have issued reports on STX shares. Wedbush lifted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. TD Cowen increased their price target on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup boosted their price objective on shares of Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Exane BNP Paribas upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $392.35.

Seagate Technology Trading Up 19.1%

STX stock opened at $442.93 on Thursday. The company has a market capitalization of $94.59 billion, a P/E ratio of 56.86, a PEG ratio of 1.08 and a beta of 1.60. The business has a 50 day simple moving average of $297.13 and a 200-day simple moving average of $235.15. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $449.50.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. Seagate Technology’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of Seagate Technology stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 126,152 shares of company stock worth $35,156,362 over the last three months. 0.79% of the stock is currently owned by company insiders.

Trending Headlines about Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Q2 results beat expectations: Seagate reported stronger-than-expected EPS and revenue, posted record margins and issued above-consensus Q3 guidance (EPS 3.20–3.60; revenue ~$2.8–3.0B), which supports earnings momentum and valuation expansion. Read More.
• Positive Sentiment: AI-driven storage demand and supply tightness: Management and market reports say data-center/A I demand has surged, and Seagate’s CEO says the company is “sold out through 2026,” implying sustained revenue visibility and pricing leverage. Read More. Read More.
• Positive Sentiment: Major analyst upgrades and higher price targets: Several firms raised targets and ratings (including Cantor, TD Cowen, Rosenblatt pushing targets toward $500), amplifying momentum and buy-side interest. Read More.
• Neutral Sentiment: Dividend continues to be paid: Seagate declared a quarterly dividend, supporting income-minded holders but small relative to capital gains drivers. (Company release)
• Neutral Sentiment: Mixed analyst targets: Some firms raised price targets but left neutral/equal-weight ratings (Wells Fargo, Barclays, UBS); others raised targets but still sit below the current market price — this creates divergent expectations about upside from here. Read More. Read More.
• Negative Sentiment: Short-term profit-taking and “cooling off” risk: Some commentary noted the stock may pull back after the initial pop despite strong results; elevated short-term volatility is possible as investors lock in gains. Read More.
• Negative Sentiment: Valuation and target dispersion: The stock’s rally has pushed valuation measures higher (P/E expansion); analysts’ target dispersion means downside risk if AI demand growth moderates or margins normalize. Read More.

Institutional Trading of Seagate Technology

Several hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Palisade Asset Management LLC acquired a new position in Seagate Technology during the 3rd quarter worth approximately $37,000. Larson Financial Group LLC raised its stake in shares of Seagate Technology by 41.9% during the 3rd quarter. Larson Financial Group LLC now owns 166 shares of the data storage provider’s stock worth $39,000 after buying an additional 49 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Seagate Technology in the 2nd quarter valued at approximately $90,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Seagate Technology in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.