Seagate stock rebounds 4.75 percent as HDD supply fears ease

Published on 10/05/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate stock delivered USD 3.63 billion in fiscal Q4 revenue on July 28, 2026, up 48.5 percent year over year. The consensus target is USD 986.

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Seagate Technology Holdings plc (ISIN IE00BKVD2N49) was last at USD 889.30 on Nasdaq on October 5, 2026, at 3:34 p.m. ET, up 4.75 percent from USD 848.99. Yahoo Finance reported on October 5 that Bernstein, Citi and Morgan Stanley argued Toshiba's planned capacity expansion would not close the hard disk drive supply gap.

Research desks challenge supply fears

The recovery followed a 10.21 percent fall to USD 848.99 on October 2 after reports that Toshiba planned to double HDD production capacity in the Philippines for fiscal 2027. According to Yahoo Finance, Bernstein maintained an Outperform rating, while Citi and Morgan Stanley also argued that demand remained ahead of available supply.

The same report said Goldman Sachs named Seagate a top tactical idea ahead of calendar third-quarter 2026 earnings. The market response therefore reflects a direct debate over pricing power, capacity timing and the technology advantage of Seagate's heat-assisted magnetic recording products.

Revenue and guidance set a high bar

Seagate reported fiscal Q4 revenue of USD 3.63 billion for the quarter ended July 3, 2026, compared with USD 3.112 billion in fiscal Q3. Diluted GAAP EPS was USD 5.58, while operating cash flow reached USD 1.305 billion.

On the July 28 earnings call, Yahoo Finance published management's fiscal Q1 2027 outlook of USD 4.1 billion plus or minus USD 100 million in revenue and non-GAAP EPS of USD 7.30 plus or minus USD 0.20. June-quarter revenue was up 48 percent year over year, and data center revenue reached USD 2.9 billion, up 57 percent.

Consensus target stays above the price

MarketBeat reported on October 5 that 22 analysts rated Seagate Buy and five rated it Hold, producing a Moderate Buy consensus and an average price target of USD 986. That target lies 10.9 percent above the USD 889.30 Nasdaq price on October 5.

The contrast is important: the operating figures support a powerful demand narrative, while Toshiba's expansion tests whether supply discipline can preserve margins. Seagate's next valuation checkpoint is therefore tied to the September-quarter revenue range and the pace at which new HDD capacity reaches customers.

Seagate stock trades below its yearly high

Seagate stock was last at USD 889.30 on Nasdaq on October 5, 2026, with a market capitalization of USD 202.4 billion and a 52-week range of USD 209.00 to USD 1,145.00.