Seagate stock extends AI-driven rally as revenue jumps 48.5 percent

Seagate Technology Holdings PLC (ISIN IE00B58PMW19) stock is benefiting from the artificial intelligence storage boom, with the latest reported quarter showing adjusted earnings of 5.71 dollars per share on revenue of 3.63 billion dollars and a 48.5 percent year-over-year sales increase, according to data compiled on August 2026 by MarketBeat and other financial portals.

AI storage boom drives Seagate fundamentals

According to a MarketBeat summary of Seagate's latest quarterly results dated September 1, 2026, the company recently reported adjusted earnings of 5.71 dollars per share for its most recent quarter, beating consensus estimates of 5.10 dollars per share by 0.61 dollars.

The same MarketBeat overview states that Seagate generated revenue of 3.63 billion dollars in that quarter, which represents a 48.5 percent increase compared with the same period a year earlier, underlining how demand for high capacity drives and AI infrastructure storage has translated into top line growth in fiscal 2026.

Guidance and analyst view highlight growth expectations

MarketBeat data cited in the trading update also notes that Seagate has set guidance for fiscal first quarter 2027 adjusted earnings in a range of 7.10 to 7.50 dollars per share, signaling that management expects profit per share to increase further versus the latest reported 5.71 dollars per share if demand for AI driven storage remains strong.

In addition, the same coverage highlights that analysts maintain a consensus rating described as Moderate Buy for Seagate stock, with an average price target of 986 dollars and some commentary pointing to potential for the shares to approach the 1,000 dollar region in 2027 if the AI storage supercycle continues to support high capacity drive shipments and margins.

Dividend adds income angle for shareholders

According to the MarketBeat alert dated September 1, 2026, Seagate has declared a quarterly dividend of 0.74 dollars per share, with shareholders of record on September 24, 2026 scheduled to receive the payout on October 7, 2026, implying an annualized dividend of 2.96 dollars per share.

Based on the latest quarterly earnings figure of 5.71 dollars per share, the dividend payout ratio referenced in the MarketBeat summary stands at 21.33 percent, indicating that Seagate is currently distributing slightly more than one fifth of its adjusted earnings as cash returns while retaining the remainder to fund investments in AI oriented storage products and capacity.

Mass capacity drives and AI storage portfolio

Seagate's business focuses on mass capacity hard disk drives and complementary storage solutions that address hyperscale data center customers, cloud service providers and enterprise clients building AI and machine learning infrastructure.

In the latest quarter, the strong revenue performance and earnings surprise cited by MarketBeat were attributed to higher shipments of high capacity drives used in AI workloads, where large language models and data intensive applications require substantial long term storage to complement high bandwidth memory and compute resources.

Seagate stock price and market snapshot

An earlier price overview on August 28, 2026 compiled by ad-hoc-news.de cited Seagate shares at 829.03 dollars at the close of that trading session on the Cboe US venue, representing a daily decline of 2.17 percent but a gain of 201.04 percent year to date, underscoring how far the stock has run alongside the AI driven storage cycle.

That same overview stated that Seagate stock was trading well above its starting point for the year, with investors positioning the shares near elevated levels as they weighed the potential for further earnings growth against the valuation implied by the recent rally.

Seagate stock at a glance

• Company: Seagate Technology Holdings PLC
• ISIN: IE00B58PMW19
• Ticker: STX
• Trading venue: NASDAQ
• Sector / Industry: Technology / Data storage hardware
• Index membership: S and P 500