Seagate Tech Announces Quarterly Dividend Amid Strong Growth

Seagate Tech ( (STX) ) has shared an update.

On October 28, 2025, Seagate Technology announced a quarterly cash dividend of $0.74 per share, payable on January 9, 2026. The company reported strong financial results for its fiscal first quarter of 2026, with a 21% year-over-year revenue growth to $2.63 billion and record GAAP and non-GAAP gross margins. Seagate’s performance highlights robust customer demand for its high-capacity storage products, particularly its Mozaic HAMR products, which are now qualified with major cloud customers. This positions Seagate well for continued growth, driven by existing and new AI applications.

The most recent analyst rating on (STX) stock is a Buy with a $250.00 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 Neutral.

Seagate Technology’s overall stock score of 65 reflects a mixed financial performance with strong cash flow but significant leverage risks. Technical analysis indicates a generally positive trend, although valuation metrics suggest the stock may be overvalued. The earnings call provides a positive outlook with strong revenue growth and strategic advancements, but concerns about debt and tax implications remain. The absence of notable corporate events further solidifies the current assessment.

To see Spark’s full report on STX stock, click here.

More about Seagate Tech

Seagate Technology is a leading innovator in the mass-capacity data storage industry, offering a wide range of storage devices, systems, and services from edge to cloud. With over 45 years of experience, Seagate has shipped more than four billion terabytes of data capacity.

Average Trading Volume: 4,080,888

Technical Sentiment Signal: Buy

Current Market Cap: $49.86B

See more insights into STX stock on TipRanks’ Stock Analysis page.