Seagate beats expectations on sales and EPS
The guidance was strong, too.
Seagate Technology Holdings, the maker of data storage products known as hard disk drives, reported its fiscal Q2 numbers after the close of trading on Tuesday. Investors are cheering the results in premarket trading this morning, sending shares up 10.6% as of 4:50 a.m. ET.
For the quarter that ended in December, Seagate reported:
Revenue of $2.825 billion vs. a $2.74 billion expectation from Wall Street analysts.
Adjusted earnings per share of $3.11 vs. the $2.83 anticipated on the Street.
Looking to the current quarter that ends in March, Seagate said it expects adjusted EPS of between $3.20 and $3.60 vs. a $2.99 consensus estimate. Seagate expects revenue of between $2.80 billion and $3 billion in the current quarter, compared to a $2.78 billion consensus estimate.
Seagate shares had their best year since 2009 last year, rising 219% in 2025 as the AI data center boom supercharged demand for data storage products like the hard disk drives Seagate makes. Longtime rival in the disk drive duopoly, Western Digital, also rocketed, rising 282% last year.
Both stocks have continued the surge in 2026 as well, with STX up around 44% and WDC rising 51% this month, too, at the time of writing.
