Seagate stock falls over 3 percent as storage names weaken

Published on 09/03/2026 at 19:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate stock is under pressure as storage and memory chip names retreat, with investors weighing recent insider selling and broader sector weakness against the company’s latest earnings and guidance.

Isometrische 3D-Illustration einer Festplatten-Produktionslinie mit mehreren Fertigungsstationen — Seagate Technology (IE00B58PMW19): isometrische 3D-Grafik einer generischen Festplatten-Produktionslinie mit mehreren aufeinanderfolgenden Fertigungsstationen und Förderbändern, Illustration mit AI erstellt.

Seagate Technology Holdings plc (ISIN IE00B58PMW19) stock is down about 3.7 percent as of September 3, 2026, with investors reacting to weakness across storage and memory chip names and a fresh insider sale filing reported today.

Sector pullback hits Seagate

According to a sector overview compiled by Gelonghui and relayed via Futunn on September 3, 2026, memory chip and storage stocks are trading lower, with Seagate Technology declining more than 3 percent intraday alongside peers such as SK Hynix and Western Digital.

A separate market note from Quiver Quant on September 3, 2026 states that Seagate Technology is down around 3.7 percent, citing an insider sale filing and broad weakness in storage-related stocks as key pressures on the share price.

Recent earnings and guidance context

In its most recently reported quarter, Seagate Technology delivered revenue of approximately 1.9 billion USD for the period ended within the last nine months, compared with about 1.5 billion USD in the same quarter a year earlier, implying year-over-year growth of roughly 26.7 percent.

Net income for that same quarter came in close to 250 million USD versus around 160 million USD a year earlier, indicating that quarterly profit rose by about 56.3 percent year over year and underscoring the leverage in Seagate’s cost structure as volumes recovered.

Based on recent analyst consensus compiled in major financial portals, the market currently expects Seagate to generate full fiscal-year revenue in the high single-digit billions of USD, with earnings per share forecasts aligned with mid- to high-single-digit percent growth compared with the prior fiscal year.

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Key data for Seagate stock

For more background on Seagate, including additional figures and regulatory disclosures, you can access an overview of news and data points linked to the ISIN IE00B58PMW19 or the company’s own investor resources.

More on Seagate via ISIN overview Investor Relations

Products: hard drives and storage systems

Seagate Technology is best known for its portfolio of hard disk drives aimed at client PCs, gaming consoles and enterprise servers, complemented by storage systems and solutions targeted at data centers and cloud infrastructure providers.

Current market snapshot for Seagate stock

Market data snapshots from major portals as of September 3, 2026 show Seagate’s latest recorded share price in the low-100s USD range, following a previous close above 110 USD, with the current decline of 3 to 4 percent leaving the stock some distance below its recent highs and reflecting the sector-wide risk-off mood toward storage and memory names.