Seagate's Big Earnings Week: What Numbers Really Say

Seagate isn't just another tech company making hard drives. It's a key player in the digital storage world that keeps data centers running worldwide. With a market value over $100 billion, the Singapore-based firm is about to share how it did in its third fiscal quarter of 2026. Analysts are betting on a strong performance. They predict earnings of $3. 25 per share, almost double last year's $1. 67. That would continue a winning streak where Seagate has beaten expectations four times in a row. Even in the last quarter, the company delivered $2. 90 per share, beating estimates by more than 10%. Looking ahead, the picture stays bright. For the full year ending in June, profits could hit $12. 11 per share, jumping from $7. 26 last year. The growth doesn't stop there – by 2027, earnings might climb to $18. 86 per share. That's a massive 55. 7% increase from this year.But how did Seagate get here? Over the past year, its stock has shot up 609%, crushing both the S&P 500 and tech-focused ETFs. This surge came after big investor Morgan Stanley upgraded the stock to a "Top Pick, " predicting higher demand from data centers and potential hard drive shortages through 2028. The price target jumped from $468 to $582, showing confidence in Seagate's future. Wall Street analysts are overwhelmingly positive. Out of 25 experts covering the stock, 19 say "Strong Buy, " one says "Moderate Buy, " and five suggest just "Hold. " While the stock trades above its average target of $483. 96, the highest guess of $700 hints at 40% more growth. Yet questions remain about whether such high hopes are realistic.