SEAGATE CRUSHES ESTIMATES, STOCK SURGES

INDUSTRY DESK■ 1 MIN READ

TUE, JUL 28, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Seagate Technology posted Q4 revenue of $3.6B, up 49% year-over-year and beating the $3.5B consensus. Adjusted earnings of $5.71 per share also exceeded analyst expectations of $5.10, sending the stock up 6% after hours.

The storage company's strong results reflect robust demand across its product lineup. Revenue growth of nearly 50% signals significant momentum in data center and consumer storage markets. Adjusted earnings per share of $5.71 beat forecasts by 12%, demonstrating operational efficiency gains alongside revenue expansion. The after-hours stock jump of 6% indicates investor confidence in the company's trajectory. Seagate's performance comes amid broader industry trends favoring storage solutions, driven by cloud infrastructure growth and enterprise data center investments. The company's ability to exceed both revenue and earnings targets suggests effective execution on pricing and cost management. The results position Seagate favorably heading into the new fiscal period, though investor attention will remain focused on forward guidance and sustained demand visibility across key markets.

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■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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SEAGATE CRUSHES ESTIMATES, STOCK SURGES

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