Seagate bids for TDK unit: Seagate stock loses 1.90 percent

Published on 10/06/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal fourth-quarter revenue hit USD 3.63 billion, up 48.50 percent. Seagate stock costs EUR 775.00 on October 6, 2026 after EUR 790.00.

Geöffnete Festplatte mit sichtbaren Magnetplatten und Schreib-Lesekopf in Nahaufnahme — Seagate Technology (IE00B58PMW19): fotorealistische Nahaufnahme einer geöffneten Festplatte mit spiegelnden Magnetplatten und feinem Schreibkopf, Illustration mit AI erstellt.

Seagate Technology (ISIN IE00BKVD2N49) was trading at EUR 775.00 at Lang & Schwarz on October 6, 2026 at 10:47 a.m. CEST, down 1.90 percent from the EUR 790.00 prior close. The company is competing with Toshiba to acquire TDK's magnetic-head business for hard-disk drives, after Seagate submitted a higher offer during the summer, Investing.com reported on October 6, 2026.

TDK bid targets a critical component

The potential transaction could be valued at several billion dollars, according to Investing.com. TDK is an independent supplier of magnetic heads, components that write data to and read data from hard-disk platters. Control of that supply chain could matter as AI data centers increase demand for high-capacity storage.

The bid also introduces a strategic counterweight to Toshiba's plan to expand hard-disk production for AI data centers. For Seagate, the immediate question is whether additional component control would protect capacity and pricing as competing supply increases.

Revenue growth sets a high bar

Seagate reported USD 3.63 billion of revenue in the fiscal fourth quarter ended July 3, 2026, up 48.50 percent from the same period a year earlier, while diluted earnings per share reached USD 5.58, StockTitan reported from the company filing. Fiscal 2026 revenue totaled USD 12.20 billion, an increase of 34.00 percent, and free cash flow reached USD 3.10 billion.

The same filing showed non-GAAP diluted earnings per share of USD 5.71 for the fiscal fourth quarter and fiscal first-quarter 2027 revenue guidance of USD 4.10 billion plus or minus USD 100.00 million. That outlook implies a sharper near-term growth profile than the completed fiscal year, but it also leaves execution and supply discipline central to the valuation.

Nasdaq valuation meets supply risk

On Nasdaq, Seagate was last at USD 887.09 on October 5, 2026 at 4:00 p.m. ET. Its 52-week range was USD 209.00 to USD 1,145.00, and market capitalization stood at USD 198.9 billion as of that quote. The wide range underscores how quickly expectations have shifted around AI storage demand.

MarketBeat reported that 22 analysts held Buy ratings and five held Hold ratings, producing a Moderate Buy consensus and a USD 986.00 average target. The same report said Seagate's quarterly dividend of USD 0.74 per share was scheduled for payment on October 7, 2026.

Stock trades lower in Europe

Seagate's euro reference price was EUR 775.00 at Lang & Schwarz on October 6, 2026 at 10:47 a.m. CEST, versus a prior close of EUR 790.00 and a daily change of minus 1.90 percent. The bid was EUR 774.00 and the ask was EUR 776.00.

The further course of trading is shown by the continuously updated real-time quote of Seagate stock.