Seagate Technology (STX) Reports 44% Revenue Growth, Raises Guidance
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowSeagate Technology (STX) reported a fiscal Q3 revenue of $3.11 billion, marking a 44.07% increase year-over-year and beating expectations by 5.22%. The non-GAAP EPS was $4.10, exceeding estimates by 16.94%. For Q4, management guided revenue to $3.45 billion and EPS to $5.00. Seagate has contracted nearly all of its nearline capacity through 2027, reflecting strong demand from cloud service providers. These factors indicate potential revenue and earnings growth, making it important for investors in Seagate to note these developments.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Seagate Technology (STX)
Seagate Technology makes hard-disk-drive data storage.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier STX news
- SanDisk (SNDK) Revenue Jumps 251% to $5.95B Amid AI Growth
- Micron (MU) Analysts Forecast Memory Price Increase π 32% Q3 2026
- Tech Exec Faces $400,000 Tax Impact on $1.6M Stock Position
- Stocks Midday Moves: SpaceX, Adobe, Seagate Among Biggest Movers
- Seagate (STX) Shares Drop Over 8% Amid Factory Capacity Concerns
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
