Seagate Technology Set to Report Q4 Results on July 28 Amid Strong Growth
Seagate Technology (STX) is scheduled to report its fiscal fourth-quarter results on July 28, following a year of strong performance driven by increased demand for storage solutions in the AI sector. The company has seen significant revenue and earnings growth due to rising data needs from artificial intelligence applications. In Q3 2026, Seagate reported $3.11 billion in revenue—a 44% increase compared to last year—and non-GAAP EPS of $4.10 per share. The company also generated strong cash flows and returned value to shareholders through dividends and buybacks. Management has provided optimistic guidance for Q4 with expected revenue around $3.45 billion. Seagate's stock, up 458% over the past year, is currently trading at a forward P/E of 33.8 times but remains attractively valued compared to other AI infrastructure stocks.
Tickers: $STX
Topics: AI Infrastructure Demand Earnings Report Seagate Technology