Seagate Technology stock falls 1.94 percent as guidance rises

Published on 09/25/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate Technology stock reached USD 905.92 on September 24, 2026, after fiscal Q4 revenue rose to USD 3.6 billion. Fiscal Q1 guidance targets USD 4.1 billion.

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Seagate Technology (ISIN IE00BKVD2N49) stock stood at USD 905.92 on Nasdaq on September 24, 2026, down USD 17.94 or 1.94 percent from the prior close. The move came as investors weighed fiscal Q1 2027 guidance for USD 4.1 billion in revenue plus or minus USD 100 million, following a sharp acceleration in the latest quarter.

Revenue reached USD 3.6 billion

Yahoo Finance reported that fiscal Q4 2026 revenue reached USD 3.6 billion for the quarter ended July 3, 2026, up 48 percent year over year and 17 percent sequentially. Non-GAAP EPS was USD 5.71, up 121 percent year over year and 39 percent from the prior quarter.

The quarterly result also lifted profitability. Non-GAAP gross margin reached 52.7 percent, while non-GAAP operating margin was 44.6 percent, according to the earnings-call summary. The figures show why the guidance increase matters: Seagate is entering fiscal Q1 2027 with a higher earnings base than one quarter earlier.

Guidance sets a higher bar

Seagate's fiscal Q1 2027 outlook calls for USD 4.1 billion in revenue plus or minus USD 100 million and non-GAAP EPS of USD 7.30 plus or minus USD 0.20, according to Stock Titan. At the midpoint, the revenue outlook represents 56 percent year-over-year growth.

The full fiscal 2026 picture adds scale to the quarterly comparison. Stock Titan said annual revenue reached USD 12.2 billion, up 34 percent, while free cash flow reached USD 3.1 billion.

Analyst target and next date

StockAnalysis lists a Strong Buy average rating from 25 analysts and a 12-month price target of USD 1,125. The estimate is a reference point for the market, while the company must now convert the USD 4.1 billion guidance midpoint into reported results.

Seagate is scheduled to report fiscal Q1 2027 results on October 27, 2026, after the close, as 24/7 Wall St. reported.

Stock stays below yearly high

At USD 905.92 on September 24, 2026, Seagate stock was 20.88 percent below its 52-week high of USD 1,145 and 333.45 percent above its 52-week low of USD 209. Market capitalization stood at USD 203,133,535,680.