Seagate stock rises on a $3.1 billion free cash flow year
Published on 08/28/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Seagate Technology Holdings plc stock (IE00B58PMW19) traded at $821.93 on August 26, 2026, with a market cap of $186.29 billion and 22,73,292 shares changing hands in the session.
The latest company update shows fiscal 2026 revenue of $12.195 billion, up 34.06% from fiscal 2025, while net profit rose to $3.184 billion and free cash flow reached a record $3.1 billion.
Management also said on August 27, 2026 that it will present at Citi’s 2026 Global TMT Conference on September 9, 2026 and at Goldman Sachs Communacopia + Technology Conference 2026 on September 10, 2026. That gives investors a near-term calendar point for fresh commentary on demand, pricing, and the pace of the storage cycle.
Why the numbers matter
The contrast is sharp: fiscal 2026 revenue advanced 34.06% year over year, and operating profit in the June 2026 quarter reached $1.563 billion on revenue of $3.629 billion. The same quarter also showed EPS of $6, up from $3 in March 2026, which underlines the operating leverage in Seagate’s mix.
For investors, the key question is whether the June quarter can be repeated into the September quarter. A recent market note put the stock at $847.20 on August 27, 2026, while the same source said Seagate closed that day with pricing already locked for calendar 2027 and most nearline capacity allocated into 2028.
Calendar and valuation
The conference schedule adds another marker before the next earnings update, which the market still treats as the main check on whether the current margin run can continue. The stock also finished August 27, 2026 well below its $1,145.00 one-year high shown in market data, even after a strong run earlier in the month.
Mozaic remains central
Seagate’s Mozaic platform remains the product story behind the financials, because higher-capacity drives can lift exabytes without the same step-up in drive count. That matters most when customers are already booking capacity far ahead, as management has described in recent commentary.
Stock level to watch
Seagate stock last traded at $821.93 on August 26, 2026, with a one-year high of $1,145.00 and a one-year low of $158.68 in the same market snapshot. The share price now sits far above the low and still below the high as the market weighs the strength of fiscal 2026 against the next demand test.
Fact box
Company: Seagate Technology Holdings plc
ISIN: IE00B58PMW19
Ticker: STX
Exchange: NASDAQ
Price (as of August 26, 2026, 1:29 a.m. ET): $821.93 USD
Market cap: $186.29 billion (as of August 26, 2026)
Sector / Industry: Information Technology / Technology Hardware, Storage & Peripherals
Index membership: Nasdaq-100
More on Seagate stock
Seagate Technology Holdings plc builds mass-capacity storage for hyperscale cloud customers, enterprises, and consumers, with Mozaic and Exos among its better-known product lines. The current debate is less about the business model than about how long the pricing and demand backdrop can stay supportive.
Price snapshot
Seagate stock traded at $821.93 on August 26, 2026, and the market cap stood at $186.29 billion in the same snapshot.
