Seagate Technology

Seagate has more than tripled in 2026 as booming AI data-center demand and HDD shortages push revenue and pricing higher. Fiscal 2026 revenue rose 34% to $12.2 billion and EPS jumped 92%; management guides to a strong fiscal Q1 2027 with revenue of $4.1 billion and sharply higher adjusted EPS. Long-term contracts and pricing power support analysts' forecasts of continued double-digit revenue and EPS growth, while the stock trades at about 22x forward earnings and could still double if estimates materialize. » Plus sur finance.yahoo.com

Seagate shares climbed about 6.3% on September 4 while the S&P 500 fell, driven by investor interest in high-capacity storage for generative AI workloads and strong cloud data-center demand. Hedge fund ownership increased in Q2, supporting the rally, but risks include customer concentration, cyclicality and areal-density transitions. Analysts say durable free cash flow depends on disciplined supply, sustained cloud orders and maintaining pricing alongside unit growth. » Plus sur finance.yahoo.com

Moody’s has upgraded Seagate’s corporate family rating from Ba2 to Ba1 and its senior unsecured debt rating from Ba3 to Ba2, and set the outlook to stable. The agency expects AI-related infrastructure to drive higher revenues and profitability, projects annual revenue growth of more than 30% over the next 12–18 months, and sees leverage falling below 0.5x. Moody’s forecasts about $20bn in annual revenue, over $4bn in free cash flow annually, and available liquidity plus a revolving credit facility; it also cites risks from revenue concentration, substitution by flash storage, and customer concentration. » Plus sur de.investing.com