Seagate Technology Surpasses Earnings Expectations, Leading to Revised Market Outlook
Seagate Technology (STX) exceeded third-quarter 2026 revenue and earnings estimates, prompting a significant reassessment of its outlook by Wall Street. The company reported revenue of $3.11 billion and non-GAAP EPS of $4.10, both well above expectations, and raised guidance for the fourth quarter. Major financial institutions have increased their price targets, reflecting confidence in Seagate's performance.
Tickers: $STX
Topics: Analyst Ratings Earnings Price Targets Revenue Growth Stock Performance