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

Seagate Technology (NASDAQ:STX) is projected to issue its Q2 2026 results after the market closes on Tuesday, January 27th. Analysts expect Seagate Technology to post earnings of $2.77 per share and revenue of $2.7260 billion for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, January 27, 2026 at 5:00 PM ET.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $346.10 on Monday. The company’s 50 day moving average price is $289.16 and its two-hundred day moving average price is $230.60. The firm has a market capitalization of $73.91 billion, a P/E ratio of 44.43, a P/E/G ratio of 1.04 and a beta of 1.60. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $350.05.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is currently 38.00%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

Analyst Ratings Changes

A number of equities analysts have issued reports on STX shares. Cantor Fitzgerald upped their target price on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Citigroup boosted their price target on Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Bank of America upped their price objective on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Fox Advisors lifted their target price on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $356.09.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 1,412 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $299.31, for a total value of $422,625.72. Following the transaction, the executive vice president directly owned 13,693 shares of the company’s stock, valued at approximately $4,098,451.83. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 132,557 shares of company stock valued at $36,847,793 over the last 90 days. 0.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. purchased a new stake in Seagate Technology in the 3rd quarter valued at about $6,923,000. Centaurus Financial Inc. purchased a new stake in shares of Seagate Technology during the third quarter valued at approximately $309,000. Sunbelt Securities Inc. lifted its holdings in Seagate Technology by 11.3% during the third quarter. Sunbelt Securities Inc. now owns 1,395 shares of the data storage provider’s stock worth $329,000 after acquiring an additional 142 shares during the period. Captrust Financial Advisors boosted its position in Seagate Technology by 23.5% in the third quarter. Captrust Financial Advisors now owns 32,297 shares of the data storage provider’s stock worth $7,624,000 after purchasing an additional 6,138 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Seagate Technology by 75.1% in the third quarter. Coldstream Capital Management Inc. now owns 8,553 shares of the data storage provider’s stock worth $2,020,000 after purchasing an additional 3,667 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.