Seagate Technology (NASDAQ:STX) Issues Q4 2026 Earnings Guidance

Seagate Technology (NASDAQ:STX) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.800-5.200 for the period, compared to the consensus EPS estimate of 3.890. The company issued revenue guidance of $3.4 billion-$3.6 billion, compared to the consensus revenue estimate of $3.1 billion.

Seagate Technology Stock Performance

Shares of STX traded up $11.34 during mid-day trading on Thursday, reaching $654.64. 3,951,829 shares of the company’s stock traded hands, compared to its average volume of 4,131,699. The business’s 50-day moving average price is $448.93 and its 200-day moving average price is $353.84. The stock has a market capitalization of $142.76 billion, a P/E ratio of 74.13, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology has a 12 month low of $89.89 and a 12 month high of $697.00.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.47 by $0.63. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts predict that Seagate Technology will post 12.13 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.5%. Seagate Technology’s payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

STX has been the topic of several research analyst reports. China Renaissance boosted their price target on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a report on Thursday, January 15th. UBS Group boosted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday. Loop Capital lifted their price objective on shares of Seagate Technology from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Susquehanna lifted their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Mizuho lifted their price objective on shares of Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $696.63.

Insider Activity at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the completion of the sale, the chief executive officer directly owned 355,591 shares in the company, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 91,355 shares of company stock valued at $37,544,394 over the last quarter. 0.79% of the stock is owned by company insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported $4.10 EPS and $3.11B revenue, both ahead of consensus, and issued Q4 EPS guidance of $4.80–$5.20 (well above Street expectations). Management cited AI-driven data-center demand and record margins/free cash flow. Business Wire: Q3 Results
• Positive Sentiment: Market confirms AI tailwind — Reuters and industry write-ups highlight that Seagate’s upbeat forecast is being read as evidence that hyperscalers’ AI capex is supporting sustained demand for mass-capacity storage, a structural revenue driver. Reuters: Upbeat Forecast
• Positive Sentiment: Analyst bullishness and price-target lifts — Multiple brokerages raised targets and ratings after the results (big increases from Rosenblatt, Bernstein, JPMorgan, Goldman, Morgan Stanley, Cantor Fitzgerald and others), which supports momentum and institutional buying. Example: Bernstein raised its PT to $1,000. MarketScreener: Bernstein PT Raise
• Positive Sentiment: Product and portfolio updates — Seagate refreshed storage lineup targeted at high?resolution media and AI workflows, reinforcing its positioning in the AI/data?center stack. InsiderMonkey: Product Refresh
• Neutral Sentiment: Shareholder return action — Seagate declared a quarterly dividend of $0.74 per share (record June 24; pay July 7), a modest yield that may matter to income-focused holders but is small relative to the stock’s recent moves.
• Negative Sentiment: Valuation and cyclicality risk — Several commentators warn the rally has re?rated Seagate to premium multiples that assume a multi?year AI capex cycle; buying near the top of that cycle could expose investors to downside if hyperscaler spending slows. Seeking Alpha: Capex Cycle Risk
• Negative Sentiment: Balance sheet leverage — Seagate carries elevated leverage (debt/equity reported as high), which raises sensitivity to earnings or cash?flow setbacks after a big valuation re?rating.

Institutional Trading of Seagate Technology

Several large investors have recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC grew its stake in Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. grew its stake in Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

About Seagate Technology

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.