Seagate Technology (NASDAQ:STX) Issues Q1 2026 Earnings Guidance

Key Points

• Seagate Technology has updated its Q1 2026 earnings guidance, projecting EPS between 2.100-2.500 and revenue of $2.4 billion to $2.7 billion, which slightly undercuts consensus estimates.
• Following recent ratings changes, the stock currently has an average rating of "Moderate Buy" from analysts, with 11 buy ratings, 7 holds, and a single sell rating.
• The company has authorized a $5 billion stock buyback plan, indicating confidence in its valuation and financial position.

Seagate Technology (NASDAQ:STX - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.100-2.500 for the period, compared to the consensus estimate of 2.276. The company issued revenue guidance of $2.4 billion-$2.7 billion, compared to the consensus revenue estimate of $2.5 billion.

Seagate Technology Price Performance

STX stock traded down $1.30 during midday trading on Friday, hitting $155.72. The stock had a trading volume of 1,388,748 shares, compared to its average volume of 4,019,174. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 22.85 and a beta of 1.45. The business has a 50-day moving average of $136.48 and a two-hundred day moving average of $106.78. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $157.45.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. Research analysts predict that Seagate Technology will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio is presently 42.54%.

Seagate Technology announced that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 21.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on STX. Bank of America boosted their target price on Seagate Technology from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. BNP Paribas raised Seagate Technology from a "strong sell" rating to a "hold" rating in a report on Friday, May 16th. Wall Street Zen downgraded Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, May 30th. TD Cowen boosted their target price on Seagate Technology from $135.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Robert W. Baird boosted their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.44.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Michael R. Cannon sold 24,190 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.00, for a total value of $2,878,610.00. Following the transaction, the director owned 10,835 shares of the company's stock, valued at approximately $1,289,365. This represents a 69.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 70,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $109.47, for a total value of $7,662,900.00. Following the completion of the transaction, the chief executive officer directly owned 485,677 shares in the company, valued at approximately $53,167,061.19. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 395,516 shares of company stock worth $47,831,398 in the last ninety days. Insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Seagate Technology stock. Integrated Wealth Concepts LLC grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 168.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,177 shares of the data storage provider's stock after buying an additional 4,499 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Seagate Technology were worth $610,000 as of its most recent SEC filing. 92.87% of the stock is owned by institutional investors and hedge funds.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.