Seagate Technology (STX) Projected to Post Quarterly Earnings on Tuesday

Seagate Technology (NASDAQ:STX) will likely be issuing its Q3 2026 results after the market closes on Tuesday, April 28th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $2.9386 billion for the quarter. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Parties may visit the the company’s upcoming Q3 2026 earning results page for the latest details on the call scheduled for Tuesday, April 28, 2026 at 5:00 PM ET.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. On average, analysts expect Seagate Technology to post $12 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Seagate Technology Stock Performance

Shares of STX stock opened at $586.25 on Friday. The stock has a fifty day moving average of $437.89 and a 200 day moving average of $345.75. Seagate Technology has a 52 week low of $80.56 and a 52 week high of $607.89. The firm has a market capitalization of $127.85 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 0.98 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 112,223 shares of company stock valued at $46,711,217. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Sivia Capital Partners LLC bought a new position in shares of Seagate Technology during the second quarter valued at $262,000. Custos Family Office LLC bought a new stake in Seagate Technology in the 4th quarter worth about $213,000. Leigh Baldwin & CO. LLC purchased a new position in Seagate Technology in the 4th quarter worth about $205,000. Dynamic Technology Lab Private Ltd purchased a new position in Seagate Technology in the 3rd quarter worth about $200,000. Finally, Quattro Advisors LLC purchased a new position in Seagate Technology in the 4th quarter worth about $104,000. 92.87% of the stock is currently owned by institutional investors.

More Seagate Technology News

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

• Positive Sentiment: Barclays upgraded STX to a Buy, citing additional upside in an AI‑driven rally and suggesting there’s “another leg” to the move — a key driver of today’s bullish sentiment. Seagate Stock Upgraded To Buy
• Positive Sentiment: Loop Capital raised its price target on Seagate from $700 to $800 and maintained a Buy rating — a material upward revision that supports higher analyst-driven demand. Loop Capital Adjusts Price Target
• Positive Sentiment: Additional broker upgrades and positive notes (UBS/other outlets) are reinforcing the buy-side view that Seagate can capture share of growing data-storage demand tied to AI, gaming and creator workflows. Seagate Raised to Overweight at Barclays / UBS coverage
• Positive Sentiment: Seagate unveiled new high‑capacity consumer and prosumer storage products targeted at AI, gaming and creators — positioning the company to monetize rising data-demand and potentially lift revenue growth. Product details and positioning covered across BusinessWire, Forbes, Zacks and Yahoo. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: New single‑stock leveraged ETFs (Defiance’s 2x STXL and Tradr’s 200% ETFs) on STX were launched this week — these products increase speculative flows and intraday liquidity/volatility but don’t change Seagate’s fundamentals. Traders should expect larger short-term swings. Defiance Launches STXL
• Neutral Sentiment: Broader tech/mega-cap momentum (Apple and other Magnificent Seven names in earnings focus) is supporting sector sentiment; this macro tailwind can lift STX but is not a company‑specific catalyst. Apple Stock, Back In Growth Mode

Wall Street Analyst Weigh In

STX has been the subject of a number of research analyst reports. Wedbush raised their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Wells Fargo & Company raised their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group raised their price target on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein raised their price objective on Seagate Technology from $500.00 to $620.00 and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Barclays raised Seagate Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $425.00 to $625.00 in a research report on Wednesday. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $518.29.

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.