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Seagate Stock Surges on AI-Storage Beat, Forecasts $5 EPS

4/30/2026

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Summary

Seagate Stock Surge

Seagate Technology’s stock jumped to near $643.30, peaking at $696.35 after its fiscal Q3 results beat expectations, citing AI-storage demand and HAMR drives.
The company reported $3.11 billion revenue and $4.10 earnings per share for Q3.
Seagate projected fiscal Q4 revenue of $3.45 billion and adjusted EPS of $5.00, both above forecasts.
It shipped 199 EB of HDD capacity, a 39% YoY rise, with revenue per TB climbing to $15.64.

Summary

Intel Shares Hover

Intel's share price hovered near $100, about 37% above MarketBeat's $72.98 target.
It closed at $94.75 in regular trading and $98.77 after hours, staying below $100, while MarketBeat holds a $110 high target.
Intel posted AI revenue of $5.1 billion (up 22%), Foundry revenue of $5.4 billion (up 16%), a $3.7 billion GAAP loss, while analysts warn the rally could fade if gains prove temporary, margins slip, or demand slows.

History

Historical Context

IBM launched the commercial hard-disk market in 1956 with the 5 MB RAMAC 350, and after selling its HDD division to Hitachi in 2003 the industry shifted to perpendicular recording. Starting in 2006 Seagate and Western Digital released 300-GB and 750-GB drives, paving the way for today’s multi-exabyte shipments and AI-chip demand.

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Seagate Stock Surge

Seagate Technology’s stock jumped to near $643.30, peaking at $696.35 after its fiscal Q3 results beat expectations, citing AI-storage demand and HAMR drives.
The company reported $3.11 billion revenue and $4.10 earnings per share for Q3.
Seagate projected fiscal Q4 revenue of $3.45 billion and adjusted EPS of $5.00, both above forecasts.
It shipped 199 EB of HDD capacity, a 39% YoY rise, with revenue per TB climbing to $15.64.

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