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Trade STX with leverageThe latest announcement is out from Seagate Tech ( (STX) ).
On April 28 and 29, 2026, Seagate announced fiscal third-quarter 2026 results that showed a sharp rebound in performance, with revenue rising to $3.11 billion, GAAP gross margin reaching 46.5%, and GAAP diluted EPS climbing to $3.27, alongside nearly $1 billion in free cash flow. The company also strengthened its balance sheet by retiring $641 million of debt, returned $191 million to shareholders through dividends and buybacks, declared a quarterly dividend of $0.74 per share payable July 7, 2026, and issued strong guidance for the fiscal fourth quarter, underscoring management’s view that AI-driven data growth is ushering in a new structural upcycle for its high-capacity storage portfolio and enhancing its competitive position in the data infrastructure market.
The most recent analyst rating on (STX) stock is a Buy with a $700.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Outperform.
The score is driven primarily by strong profitability and free-cash-flow momentum plus upbeat guidance and execution progress (HAMR ramp and improving leverage), while the main offsets are balance-sheet risk from thin/negative equity history and a technically overextended setup that could limit near-term upside despite the strong uptrend.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
Seagate Technology Holdings, listed on Nasdaq under the ticker STX, is a pioneer in mass‑capacity data storage solutions. The company provides advanced storage products that help hyperscale cloud providers, enterprises, and consumers protect, create, and manage data, with a long-standing focus on high-capacity, energy‑efficient drives that support large-scale digital transformation and growth across global data-centric markets.
Average Trading Volume: 3,887,605
Technical Sentiment Signal: Buy
Current Market Cap: $127.8B
Find detailed analytics on STX stock on TipRanks’ Stock Analysis page.