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

Posted by Brenda Bartman on Jul 29th, 2026

Seagate Technology (NASDAQ:STX – Get Free Report) updated its first quarter 2027 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STX shares. Susquehanna lifted their price objective on Seagate Technology from $615.00 to $775.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Bank of America upped their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,187.00 price objective on shares of Seagate Technology in a research report on Wednesday. Finally, Loop Capital upped their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.20.

View Our Latest Stock Report on STX

Seagate Technology Stock Up 1.5%

Shares of Seagate Technology stock traded up $10.95 during trading on Wednesday, reaching $758.25. The company had a trading volume of 3,987,707 shares, compared to its average volume of 4,347,188. The company has a market cap of $170.02 billion, a price-to-earnings ratio of 71.86 and a beta of 2.04. The firm’s fifty day moving average is $894.95 and its 200-day moving average is $618.98. Seagate Technology has a fifty-two week low of $138.30 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts anticipate that Seagate Technology will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Insider Activity at Seagate Technology

In other news, CFO Gianluca Romano sold 22,488 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the completion of the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This trade represents a 34.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the stock in a transaction dated 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 directly owned 339,591 shares in the company, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Key Seagate Technology News

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

Positive Sentiment: Results exceeded expectations: Seagate reported fiscal Q4 non-GAAP EPS of $5.71, above the roughly $5.10 analyst consensus, while revenue rose 48.5% year over year to $3.63 billion, ahead of estimates near $3.50 billion. Net income increased to $1.29 billion from $488 million a year earlier. Seagate Technology Fiscal Fourth-Quarter Results
Positive Sentiment: Strong forward guidance: Seagate forecast fiscal Q1 2027 revenue of $4.0 billion to $4.2 billion and EPS of $7.10 to $7.50, both well above Wall Street expectations. The outlook suggests that demand and pricing momentum are continuing into the new fiscal year. Seagate Forecasts Upbeat Quarter
Positive Sentiment: AI and data-center demand remain key catalysts: Management described demand from cloud and data-center customers as durable, supported by AI infrastructure expansion. Seagate is also advancing heat-assisted magnetic recording (HAMR) and its Mozaic platform to increase drive capacity without proportionate manufacturing investment. Seagate Q4 Earnings Call Highlights
Positive Sentiment: Profitability and cash generation improved: Seagate highlighted record margins and $3.1 billion in fiscal 2026 free cash flow, strengthening the investment case and supporting shareholder returns. Cantor Fitzgerald reaffirmed an overweight rating, while Citi and Rosenblatt raised their price targets to $1,300 and $1,400, respectively.
Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, payable October 7 to shareholders of record September 24. The annualized yield is approximately 0.4%, making the announcement more relevant as a capital-allocation signal than as a major income catalyst.
Negative Sentiment: Despite the earnings-driven rebound, STX remains exposed to elevated expectations after a substantial prior rally. Shares had recently fallen sharply amid broader concerns about the sustainability of the AI trade, and the stock’s high valuation and volatility could limit gains if future results fail to keep exceeding already-strong forecasts.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Quarry LP purchased a new stake in shares of Seagate Technology in the 4th quarter worth approximately $31,000. Palisade Asset Management LLC purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $37,000. Larson Financial Group LLC raised its stake in shares of Seagate Technology by 41.9% in the third quarter. Larson Financial Group LLC now owns 166 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 49 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in Seagate Technology in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

About Seagate Technology

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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.