Equity Profile

STX

Seagate Technology Holdings plc

Information TechnologyTechnology Hardware, Storage & Peripherals$191.3B

Apr28Tue

Post-Earnings Recap

ReportedQ3-2026After Close4:05 PM EDT

Seagate Technology Beats on EPS, Stock Down 2.82%

Metric	Actual	Expected	Surprise
EPS	$4.10	$3.50	+25.96%
Revenue	N/A	$3.0B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Seagate Technology Beats on EPS, Stock Down 2.82%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$4.10	$3.50	+25.96%
Revenue	N/A	$3.0B	N/A

Management Commentary

Tone: Cautiously Optimistic

Overall, management expressed confidence in their ability to navigate current market conditions. They emphasized their commitment to innovation and customer satisfaction.

Management highlighted strong demand for data storage solutions.

They acknowledged ongoing challenges in the supply chain.

What It Means

Seagate Technology reported better-than-expected earnings per share, which indicates strong performance despite market challenges. However, the stock fell by 2.82% following the report, likely due to the lack of revenue figures and forward guidance. Investors may be cautious about the company's future outlook given the ongoing supply chain issues.

Company Snapshot

Seagate Technology Holdings plc (STX) is a leading provider of data storage solutions, specializing in hard drives and storage systems. As demand for data storage continues to grow with trends like cloud computing and AI, Seagate plays a crucial role in the technology hardware sector.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$3.50

Revenue

Total revenue gives insight into the overall sales performance and market demand for Seagate's products.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+29.16%

Avg Stock Reaction

+0.20%

Last Quarter Recap

In Q2-2026, Seagate reported an EPS of $3.11, significantly exceeding expectations. The stock reacted positively, gaining 3.76% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are optimistic about Seagate's upcoming earnings, expecting strong EPS and revenue figures. The company has consistently beaten earnings estimates in recent quarters.

Bull Case

If Seagate continues its trend of beating EPS estimates, it could signal strong demand for its storage solutions, especially in cloud and enterprise markets.

Bear Case

On the other hand, any signs of slowing demand or increased competition could lead to disappointing results, impacting investor confidence.

Key Metrics to Watch

EPS

$3.50

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$3.0B

Total revenue gives insight into the overall sales performance and market demand for Seagate's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Seagate's EPS exceed the consensus estimate of $3.50?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What insights can be provided about revenue growth in the cloud storage segment?

Cloud storage is a key growth area for Seagate, and any positive commentary could boost investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Seagate's growth potential in the cloud sector, which could drive stronger-than-expected revenue.

Supporting Evidence

Seagate has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, indicating that traders expect volatility, which may not align with consensus expectations.

Key Risk

If cloud revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could indicate the company's ability to maintain its growth trajectory amidst competitive pressures.

Bull Confirmed If

An EPS of $3.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $3.40 would raise concerns about demand and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±12.38%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±12.4% while STX has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

63.9%

Calls (835K)P/C Ratio: 1.05Puts (876K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Seagate beats expectations, history suggests a potential stock increase of around +0.75%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around -3.18%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-TXJulie JohnsonRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cloud storage demand and how it is impacting revenue.
2Details on cost management strategies and their effect on margins.
3Insights into competitive pressures in the storage market.
4Future guidance on expected sales growth in key segments.
5Management's outlook on macroeconomic factors affecting demand.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Apr27

OMABReported

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

RecapView

Apr27

PIIReported

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$3.50

Revenue

Total revenue gives insight into the overall sales performance and market demand for Seagate's products.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+29.16%

Avg Stock Reaction

+0.20%

Last Quarter Recap

In Q2-2026, Seagate reported an EPS of $3.11, significantly exceeding expectations. The stock reacted positively, gaining 3.76% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are optimistic about Seagate's upcoming earnings, expecting strong EPS and revenue figures. The company has consistently beaten earnings estimates in recent quarters.

Bull Case

If Seagate continues its trend of beating EPS estimates, it could signal strong demand for its storage solutions, especially in cloud and enterprise markets.

Bear Case

On the other hand, any signs of slowing demand or increased competition could lead to disappointing results, impacting investor confidence.

Key Metrics to Watch

EPS

$3.50

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$3.0B

Total revenue gives insight into the overall sales performance and market demand for Seagate's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Seagate's EPS exceed the consensus estimate of $3.50?

A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.

What insights can be provided about revenue growth in the cloud storage segment?

Cloud storage is a key growth area for Seagate, and any positive commentary could boost investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Seagate's growth potential in the cloud sector, which could drive stronger-than-expected revenue.

Supporting Evidence

Seagate has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, indicating that traders expect volatility, which may not align with consensus expectations.

Key Risk

If cloud revenue growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could indicate the company's ability to maintain its growth trajectory amidst competitive pressures.

Bull Confirmed If

An EPS of $3.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $3.40 would raise concerns about demand and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±12.38%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±12.4% while STX has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

63.9%

Calls (835K)P/C Ratio: 1.05Puts (876K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Seagate beats expectations, history suggests a potential stock increase of around +0.75%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around -3.18%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-TXJulie JohnsonRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cloud storage demand and how it is impacting revenue.
2Details on cost management strategies and their effect on margins.
3Insights into competitive pressures in the storage market.
4Future guidance on expected sales growth in key segments.
5Management's outlook on macroeconomic factors affecting demand.