On July 30, Seagate Technology PLC rose 3.03% overnight, trading at $787.62/share, with turnover of $4.3081 million. The stock continued its strong post-earnings recovery trend.

On the news front, Seagate reported Q4 FY2026 revenue of $3.629 billion, up 48% year-over-year, beating the consensus estimate of $3.485 billion. Adjusted EPS came in at $5.71, surging 120% year-over-year and exceeding estimates by 12%. Gross margin reached a record high of 52.7%. More critically, the company guided Q1 FY2027 revenue of $40-42 billion, far above the Street estimate of $37.5 billion, with adjusted EPS of approximately $7.30 versus the $5.80 consensus, reflecting persistently robust AI-driven data storage demand. Cloud data center capacity is locked through 2028, with customer planning extending beyond 2029. Multiple investment banks raised price targets, including Citigroup to $1,300, Wells Fargo to $1,180, and Wedbush to $1,000.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)