Seagate Stock Surges After Strong Earnings and Upgraded Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
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Should l Buy STX?
Source: Newsfilter
Seagate Technology's stock price increased by 3.01% in pre-market trading, reaching a 52-week high.
The surge follows a strong earnings report where Seagate exceeded market expectations with a 22% year-over-year revenue growth to $2.83 billion and a 76% increase in net income. Additionally, the company raised its revenue forecast for the upcoming fiscal year to $50 billion, reflecting confidence in sustained market demand and further bolstering investor sentiment. This strong performance has led to multiple analyst upgrades, enhancing market confidence in Seagate's future growth.
The implications of this earnings report and upgraded guidance suggest that Seagate is well-positioned to capitalize on the growing demand for data storage solutions, particularly in the context of AI and data center growth, solidifying its leadership in the market.
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Analyst Views on STX
Wall Street analysts forecast STX stock price to fall
18 Analyst Rating
14 Buy
3 Hold
1 Sell
Moderate Buy
Current: 424.140
Low
150.00
Averages
310.39
High
465.00
Current: 424.140
Low
150.00
Averages
310.39
High
465.00
About STX
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cash and Stock Combination: The total consideration for the exchange was approximately $599.2 million, comprising about 5.95 million ordinary shares and approximately $599.2 million in cash, reflecting the company's strategic focus on liquidity management and enhancing shareholder value.
- Debt Status Update: Following this transaction, Seagate has approximately $400 million of exchangeable notes outstanding with unchanged terms, showcasing a robust strategy in managing its debt levels effectively.
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- Cash and Stock Combination: The total consideration for the exchange was approximately $599.2 million, comprising about 5.95 million ordinary shares and approximately $599.2 million in cash, reflecting the company's strategic focus on liquidity management and enhancing shareholder value.
- Debt Status Update: Following this transaction, Seagate has approximately $400 million of exchangeable notes outstanding with unchanged terms, showcasing a robust strategy in managing its debt levels effectively.
- Private Placement Compliance: The bond exchange was conducted as a private placement, adhering to the exemption under Section 4(a)(2) of the Securities Act of 1933, ensuring compliance and flexibility in the company's capital market operations.
See More
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- Mixed Economic Data: Initial jobless claims in the US fell to 206,000, a 5-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, reflecting uncertainties in economic recovery.
- Shifts in Fed Policy Expectations: Hawkish comments from Fed officials suggest a potential need for interest rate hikes to combat persistent inflation, leading to a more hawkish outlook for future rate paths, which further dampens market sentiment.
- Earnings Season Nearing Conclusion: With over three-quarters of S&P 500 companies reporting, 74% exceeded expectations, and Q4 earnings are projected to grow by 8.4%, demonstrating corporate resilience, yet the market remains cautious about future growth prospects.
See More
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- Bond Buyback: This transaction allowed Seagate to successfully retire its 3.50% exchangeable senior notes due in 2028, reducing its debt burden by approximately $600 million and enhancing the company's financial flexibility.
- Private Placement: The bond exchange was conducted as a private placement, exempt under Section 4(a)(2) of the Securities Act of 1933, indicating the company's compliance and adaptability in capital market operations.
- Outstanding Debt: Following the transaction, Seagate has approximately $400 million of exchangeable notes remaining outstanding, maintaining a stable debt structure that provides potential for future financing activities.
See More
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- Market Weakness: The S&P 500 index fell by 0.26%, the Dow Jones Industrial Average by 0.28%, and the Nasdaq 100 by 0.34%, reflecting market concerns over the outlook for artificial intelligence, particularly with poor performances from chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Initial jobless claims in the US fell by 23,000 to 206,000, marking a 5-week low and indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations and suggesting challenges in economic recovery.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth is projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, demonstrating resilience in corporate earnings.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 2% to a three-week high due to military buildup in the Middle East, potentially increasing inflationary pressures, which could affect market sentiment and investor confidence.
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- Mixed Economic Data: Weekly initial jobless claims dropped to 206,000, a five-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, suggesting economic pressures that could affect market confidence.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth projected at 8.4%, providing some support for the market, although overall sentiment remains cautious.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 1% to a three-week high due to U.S. military buildup in the Middle East, heightening inflation concerns and potentially increasing expectations for Fed rate hikes.
See More
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- Asset Management Growth: This acquisition raises Nexstar's share to 1.72% of Valley Wealth Managers' assets under management, with a quarter-end value increase of $5.50 million, indicating a positive stock price trend.
- Strong Market Performance: As of February 3, 2026, Nexstar's stock price stood at $208.11, marking a 42.5% increase over the past year and outperforming the S&P 500 by 27.07 percentage points, showcasing its sustained competitiveness in the media sector.
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