Seagate Crushes Q4, Guides Higher as AI Storage Demand Fuels Multi-Year Visibility
STX has more than doubled off its 52-week low of $138.3 on elevated volume (1.9× avg).
Summary
Seagate reported fiscal Q4 results that beat expectations, with revenue surging 48.5% to $3.6 billion. The company also raised guidance, signaling continued momentum. CEO Dave Mosley highlighted that large-capacity storage demand remains robust, and crucially, customers are extending planning horizons through 2029 and beyond — a strong indicator of durable demand. This follows the 8-K filed earlier today and the Reuters report, but adds new color on customer commitments that reinforces the long-term thesis. The stock is likely to react positively as the market digests the extended visibility.
At the time of this announcement, STX was trading at $796.59 on NASDAQ in the Technology sector, with a market capitalization of approximately $167.6B. The 52-week trading range was $138.30 to $1,145.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.