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Seagate Technology
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Manufactures storage hardware and cloud services
Seagate Technology
Work Here?
Manufactures storage hardware and cloud services
Overview
Seagate Technology creates and sells data storage solutions for individuals and businesses. Its products include hard drives, solid-state drives, and external drives, plus cloud storage services like Lyve Cloud. How it works: storage devices physically hold data on magnetic or solid-state media, while Lyve Cloud provides scalable, multi-cloud cloud storage that lets organizations store large volumes of data and access it over the internet. How it stands out: Seagate combines a long history of shipping storage hardware with a broad product line and a cloud storage option designed for multicloud environments, offering reliability and scalable capacity for diverse needs from gaming to enterprise data management. The company’s goal is to help people and organizations store and manage data efficiently, enabling data-intensive applications and easy data access across different platforms.
About Seagate Technology
Industries
Data & Analytics
Hardware
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Fremont, California
Founded
1979
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Simplify's Take
What believers are saying
- Fiscal 2026 revenue rose 34% to $12.2 billion; free cash flow hit $3.1 billion.
- Fiscal Q1 2027 guidance reached $4.1 billion, topping consensus and signaling continued demand.
- Seagate retired $1.4 billion debt in FY2026 and keeps paying $0.74 quarterly dividends.
What critics are saying
- Seagate faces a $175 million Huawei settlement after the 2023 export-control penalty.
- A hyperscaler capex pause would crush Seagate's concentrated revenue base within one quarter.
- Mozaic 5+ is not shipping until late 2027, leaving a long execution gap.
What makes Seagate Technology unique
- HAMR-based Mozaic 4+ reached 44TB and ramped with two hyperscalers in July 2026.
- Seagate supplied 90% of exabytes into data centers, and 40% were HAMR in FY2026.
- Build-to-order contracts lock pricing and configurations through fiscal 2027 with cloud customers.
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Funding
Total Funding
$1.4B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Sick Leave
Paid Holidays
Paid Parental Leave
401(k) Retirement Plan
Employee Stock Purchase Plan
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Seagate Technology's stock has dropped 27% from its recent peak, but strong fundamentals suggest a buying opportunity. The company's fiscal 2026 revenue grew 34%, driven by cloud customers expanding AI infrastructure storage capacity. Management expects fiscal 2027 revenue growth to exceed the previous year's levels. Data centre customers now account for roughly 90% of Seagate's exabyte shipments, with long-term supply agreements securing most nearline capacity through calendar 2028. Seagate's HAMR-based Mozaic platform, which increases storage density, represented about 40% of nearline exabyte shipments by the end of fiscal 2026. The technology is gaining adoption as cloud providers and AI developers implement tiered storage architectures. Despite concerns about potential moderation in hyperscale cloud spending, demand visibility remains strong, with customers discussing planning horizons extending into 2029 and beyond.
Seagate stock is up 6.6% this week as the AI Storage rally continues. Last updated Aug 28, 2026 Key stats for STX Stock. * Past week performance: +6.6% * 52-week range: $164 to $1,145 * Valuation model target price: $1,397 * Implied upside: +64.9% over 2.8 years The AI Storage Boom Keeps Delivering. Seagate Technology (STX) climbed 6.6% this week, extending a rally that began when the company posted a blowout fiscal Q4 report in late July. Adjusted EPS came in at $5.71, crushing the $5.09 estimate, while fiscal 2026 revenue grew 34% to $12.2 billion. The driver behind those numbers is simple: AI data centers need enormous amounts of storage capacity, and Seagate makes the high-capacity hard drives that hold it. Mass capacity products, the drives built for cloud and AI workloads, grew revenue 45% in Q4 alone and 60% for the full fiscal year. Seagate is now ramping its next-generation HAMR technology, which packs over 30 terabytes onto a single drive, to keep pace with hyperscaler demand for ever denser storage. Management's guidance suggests the momentum has legs. Seagate guided fiscal Q1 2027 revenue to $3.25 billion to $3.55 billion, above the roughly $3.2 billion consensus, and adjusted EPS to $5.60 to $6.40, well above the roughly $5.25 estimate. Insider selling from the CFO and other executives has picked up in August, but that activity looks routine against a backdrop of soaring fundamentals rather than a warning sign. If Seagate stock keeps climbing at this pace, fiscal Q1 earnings in late October become the next real test of whether AI storage demand can sustain itself into 2027. Is STX Stock Still a Buy After This Run? Under valuation model assumptions realized through 6/30/29, the stock is modeled using: * Revenue Growth (CAGR): 34.0% * Operating Margins: 36.0% * Exit P/E Multiple: 23.7x Based on these inputs, the model estimates a target price of $1,397, implying 64.9% total upside from the current share price and a 19.2% annualized return over 2.8 years. That 19.2% annualized return sits well above the 15% threshold TIKR generally uses to flag a stock as undervalued, and it comes even after Seagate shares have already returned over 400% in the past year. Because the valuation model's growth and margin assumptions roughly match Seagate's own recent trajectory- forward two-year revenue CAGR of 43.5% and improving operating margins- the target price does not require heroic assumptions to work. Margins are the real story here. Seagate's trailing EBIT margin already sits at 34.7%, close to the model's 36.0% assumption, while return on equity has exploded to 371.5%, as high-capacity drives carry far better economics than legacy consumer products. A 23.7 times exit multiple is roughly in line with Seagate's current NTM P/E of 23.7x, so the model is not betting on multiple expansion either. The risk is that hard drive markets have historically been cyclical, and a slowdown in hyperscaler capital spending could hit Seagate's growth quickly given its customer concentration. Seagate vs. Western Digital: A Storage Arms Race. Western Digital (WDC) is Seagate's closest public competitor, and the two companies are riding the same AI storage wave in parallel. Western Digital posted fiscal Q4 revenue of $3.75 billion, up 44% year over year, slightly outpacing Seagate's 34% full-year growth rate, while its non-GAAP operating margin reached 44.2%, above Seagate's trailing 34.7% EBIT margin. Both companies benefit from the same structural tailwind: hyperscalers need more storage capacity per AI server than traditional computing ever required, and neither company can currently produce enough high-capacity drives to meet demand. That dynamic has kept pricing favorable for both. Samsung represents a longer-term wildcard competitor in enterprise storage, though its footprint in high-capacity hard drives remains smaller than either Seagate's or Western Digital's. For now, the two-company duopoly in nearline storage gives both Seagate and Western Digital unusual pricing power, a dynamic that shows up clearly in their expanding margins. What's Driving STX Stock Going Forward? Seagate's HAMR ramp is the single most important catalyst ahead. The technology allows drives to exceed 30 terabytes, and successful scaling determines whether Seagate can keep winning hyperscaler contracts against Western Digital's own capacity gains. Customer concentration remains a watch item. Cloud customers already represent the overwhelming majority of Seagate's revenue, so any pullback in hyperscaler capital spending would hit the company disproportionately compared with more diversified peers. Competitive dynamics with Western Digital and, longer term, Samsung will shape pricing power. So far, tight supply has kept both major players benefiting simultaneously rather than competing on price. Fiscal Q1 2027 earnings in late October will be the next checkpoint, with investors watching for confirmation that mass capacity demand and HAMR shipments are tracking guidance. Should You Invest in Seagate? The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question. Pull up STX, and you'll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down. Disclaimer: Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or its content team, nor are they recommendations to buy or sell any stocks. TIKR create its content based on TIKR Terminal's investment data and analysts' estimates. Its analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing! Table of Contents * The AI Storage Boom Keeps Delivering * Is STX Stock Still a Buy After This Run? * Seagate vs. Western Digital: A Storage Arms Race * What's Driving STX Stock Going Forward? * Should You Invest in Seagate? * Disclaimer: Earnings Updates General Investing Join thousands of investors worldwide who use TIKR to supercharge their investment analysis.
Change Agents ($CHGA) climbed 66% after Seagate partnership - on the RTPR wire at 8:45:00 AM ET. CHGA stock climbed 66% Friday after announcing acceptance into the Seagate Partner Program. RTPR carried the release at 8:45:00 AM ET. Impact Score · 8:45 AM ET Price at Wire Peak Price RTPR Delivery Change Agents Corporation (OTC: CHGA) stock is up today after the company announced its acceptance into the Seagate Partner Program, climbing as much as 66% from its price when the release crossed the wire. RTPR assigned the release an impact score of 60/100 at 8:45 AM ET, when the stock traded at $0.13. It later reached a session high of $0.22. What the release announced. According to the press release (free account required), Change Agents Corporation has been accepted into the Seagate Partner Program. The partnership provides the company with access to resources to advance its AI, autonomous surveillance, and counter-UAS (counter-unmanned aerial systems) technologies. What the stock did. Following the announcement, CHGA traded from $0.13 to a session high of $0.22, a gain of approximately 66%. Historical context. This release received an impact score of 60/100. * Releases scoring 40-60 produced a 15%+ move 12% of the time. * Sample size: 1661 settled outcomes over the past 90 days. * Historical observations only, not predictions. Full band-by-band table on the impact scoreboard. Timeline. * 8:45:00 AM ET - press release crossed the wire * 8:45:00.142 AM ET - RTPR published the release to its wire (49 ms after the source stamp) * 8:45:24 AM ET - impact score written: 60/100 * $0.13 - price at publication * $0.22 - intraday high (66% above the price at publication) Real-time impact scores on every press release are part of RTPR Pro. Impact scores are in beta; historical tendencies, not predictions or investment advice.
Western Digital and Seagate Technology have both outperformed the S&P 500 this year, driven by demand for data storage products in artificial intelligence infrastructure. Both companies specialise in solid-state and hard-disk drives. The firms are delivering similar results. Western Digital posted 44% year-over-year revenue growth in its fiscal 2026 fourth quarter, whilst Seagate achieved 48% growth with $3.6 billion in revenue. Their gross profit margins are also comparable, with Western Digital at 54.1% and Seagate at 52.3%. Both companies have forecast identical revenue of $4.1 billion, plus or minus $100 million, for their fiscal 2027 first quarter. Executives at both firms expressed confidence in sustained demand for mass capacity storage throughout 2027, though concerns remain about cyclical industry risks.
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About Seagate Technology
Industries
Data & Analytics
Hardware
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Fremont, California
Founded
1979
There are no jobs for Seagate Technology right now.
Find jobs on Simplify and start your career today