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

Seagate Technology (NASDAQ:STX) 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 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.

Analyst Ratings Changes

STX has been the topic of several recent analyst reports. Melius Research started coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target on the stock. Wedbush increased their price objective on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Bank of America raised their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Evercore upped their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Seagate Technology Stock Down 8.5%

Seagate Technology stock traded down $69.69 during mid-day trading on Tuesday, hitting $747.30. The company had a trading volume of 8,589,241 shares, compared to its average volume of 4,345,973. Seagate Technology has a 12 month low of $138.30 and a 12 month high of $1,145.00. The company has a market capitalization of $167.57 billion, a PE ratio of 70.90 and a beta of 2.04. The stock’s 50 day moving average price is $894.67 and its two-hundred day moving average price is $615.89. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts anticipate that Seagate Technology will post 14.14 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Ban Seng Teh sold 989 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $870,507.91. Following the transaction, the executive vice president owned 4,290 shares in the company, valued at approximately $3,776,015.10. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 9,343 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total transaction of $8,636,856.06. Following the sale, the chief executive officer owned 311,517 shares in the company, valued at approximately $287,972,545.14. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 151,069 shares of company stock valued at $126,191,753. Company insiders own 0.79% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s core investment case remains supported by strong demand for high-capacity nearline hard drives used in cloud and AI data centers. Rising exabyte shipments and momentum for its Mozaic platform could support revenue growth, margins and fiscal-year guidance. Can Increasing HDD Exabyte Shipments Bolster Seagate’s Q4 Earnings?
• Positive Sentiment: Morgan Stanley continues to express strong conviction in Seagate and Western Digital, arguing that the hard-disk-drive market has strengthened rather than weakened as AI infrastructure investment increases. Seagate, Western Digital Slide Again
• Positive Sentiment: Wedbush raised its price target ahead of the report, reflecting optimism about Seagate’s AI-driven storage opportunity and earnings potential. Wedbush Just Raised Its Price Target on Seagate Stock
• Neutral Sentiment: Options traders are positioning for a substantial post-earnings move, signaling unusually high volatility around the fiscal fourth-quarter results and management’s forward guidance. Here’s How Much Traders See Seagate Stock Moving After Earnings
• Negative Sentiment: The stock’s rally has moved well beyond what management’s prior guidance explicitly supported, raising the risk of profit-taking or a sell-the-news reaction unless results and the outlook materially exceed expectations. Seagate’s Stock Rally Has Outrun Its Own Guidance
• Negative Sentiment: Memory and storage shares are facing broad sector pressure, while concerns about tariffs affecting semiconductor trading partners are adding to caution ahead of earnings. Another Memory Massacre Is Inbound on Tuesday
• Negative Sentiment: Jim Cramer’s warning for leveraged AI investors is reinforcing broader de-risking in AI infrastructure stocks, potentially increasing selling pressure in high-beta names such as STX. Jim Cramer Tells Leveraged AI Investors Sell It

Hedge Funds Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Seagate Technology during the 4th quarter valued at $31,000. Birchwood Financial Partners Inc. bought a new stake in shares of Seagate Technology in the 4th quarter worth $41,000. Palisade Asset Management LLC purchased a new position in shares of Seagate Technology in the third quarter worth $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, Rakuten Securities Inc. lifted its holdings in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. 92.87% of the stock is owned by 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.