Seagate Technology (NASDAQ:STX) Releases Q1 2027 Earnings Guidance

Seagate Technology (NASDAQ:STX) updated its first quarter 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.100-7.500 for the period, compared to the consensus EPS estimate of 5.630. The company issued revenue guidance of $4.0 billion-$4.2 billion, compared to the consensus revenue estimate of $3.7 billion.

Seagate Technology Trading Up 11.6%

Shares of NASDAQ STX traded up $88.60 during trading on Thursday, hitting $853.03. 3,063,456 shares of the company traded hands, compared to its average volume of 4,374,714. Seagate Technology has a 1 year low of $144.75 and a 1 year high of $1,145.00. The company has a 50-day moving average price of $895.22 and a 200-day moving average price of $622.36. The firm has a market capitalization of $191.27 billion, a P/E ratio of 61.16 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 680.78% and a net margin of 26.11%.The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period last year, the company posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts predict that Seagate Technology will post 26.84 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Susquehanna raised their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. TD Cowen increased their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday. China Renaissance raised their price target on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Argus lifted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Insider Activity

In other news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is currently owned by company insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Strong earnings beat and outlook: Seagate reported adjusted earnings of $5.71 per share versus the $5.10 consensus, while revenue increased 48.5% year over year to $3.63 billion. Fiscal first-quarter 2027 guidance of $4.0 billion-$4.2 billion in revenue and $7.10-$7.50 in EPS was well above Wall Street expectations, reinforcing confidence in near-term growth. Seagate fiscal fourth-quarter results
• Positive Sentiment: AI storage demand remains durable: Cloud providers and data centers are reserving Seagate’s mass-capacity hard drives to store AI training data, model outputs and other rapidly expanding workloads. Management highlighted record profitability, 34% fiscal-year revenue growth and $3.1 billion in free cash flow. Reuters AI-driven storage demand report
• Positive Sentiment: Technology cycle and analyst support: Progress with heat-assisted magnetic recording (HAMR) and the Mozaic platform could improve capacity and operating leverage without requiring equivalent manufacturing investment. Several firms raised targets, including JPMorgan to $1,240, Citi to $1,300, Rosenblatt to $1,400 and one bullish analyst to $1,624; Zacks also upgraded STX to “strong buy.” Seagate HAMR analysis
• Neutral Sentiment: Risks and expectations: The rally follows a major run-up, leaving valuation and execution expectations elevated. Although most analysts became more bullish, Susquehanna maintained a neutral rating with an $875 target, underscoring potential sensitivity to AI-spending momentum, supply conditions and any evidence of slowing pricing power.

Institutional Trading of Seagate Technology

A number of hedge funds and other institutional investors have recently modified their holdings of STX. Sivia Capital Partners LLC purchased a new stake in Seagate Technology during the 2nd quarter worth approximately $262,000. Axxcess Wealth Management LLC boosted its stake in shares of Seagate Technology by 62.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,349 shares of the data storage provider’s stock valued at $647,000 after buying an additional 903 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Seagate Technology during the 4th quarter valued at approximately $541,000. Compound Planning Inc. grew its position in shares of Seagate Technology by 26.3% during the fourth quarter. Compound Planning Inc. now owns 1,962 shares of the data storage provider’s stock worth $540,000 after buying an additional 408 shares in the last quarter. Finally, XXI Wealth LLC acquired a new stake in shares of Seagate Technology during the fourth quarter worth approximately $442,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

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.