Seagate Technology

Seagate reports demand continues to exceed supply and expects the gap to widen. The company is shifting from 30- to 40-terabyte HAMR drives and plans to qualify 50-terabyte drives in about a year; medium term Seagate targets average annual exabyte growth of at least 25% without increasing unit volumes. Free cash flow was recently over $1.1 billion, debt reduction is largely complete, and the company will place greater emphasis on share buybacks going forward; capex remains disciplined at 4–6% of revenue. Management expects margins to rise further through price improvements and lower cost per terabyte, while operating expenses should remain stable at around $300 million per quarter. » Altro su de.investing.com

Seagate stock rose intraday by about 5.3% and recovered substantially from the $800 support zone after a decline of around 9.6% in the past ten trading days. Drivers of the recovery are a technical rebound from an oversold condition, an increase in the consensus price target from $1,009 to $1,116, strong demand for nearline and AI storage, and the announced quarterly dividend of $0.74 (ex-dividend date Sept. 24, 2026). The broader market provided little momentum, so the outperformance is stock-specific. » Altro su de.investing.com

Seagate Technologie shares rose about 5% in midday trading to $967.01, driven by record results for fiscal 2026: up 34% year‑over‑year revenue, record profitability and $3.1 billion in free cash flow. The Q1 2027 guidance was well above expectations and prompted multiple analyst upgrades with price targets well above the current stock (including Rosenblatt $1,400, Baird $1,080, Wells Fargo $1,180). Insider sales by the CFO and a CEO sale executed under a trading plan barely dented sentiment. Ongoing AI‑driven demand for high‑capacity HAMR drives and strong competitive metrics support the growth story despite the stock trading below its 52‑week high. » Altro su de.investing.com