New York, January 26, 2026, 16:29 EST — Trading after regular hours.
Shares of Seagate Technology Holdings plc climbed roughly 3.5% to $358.14 in after-hours trading Monday, having peaked earlier in the session at $370.24. Roughly 5.0 million shares traded hands.
The data-storage company is set to release its upcoming earnings on Jan. 27. After a sharp rally, traders expect a volatile response. Investors will focus closely on management’s guidance for the current quarter, searching for clues about whether growth is slowing. 1
Storage stocks are riding the AI wave as data centres ramp up capacity and buyers hunt for more affordable bulk storage. Wedbush analyst Matt Bryson raised his Seagate target to $380 from $290, noting the market remains “defined by supply constraints” that may last through 2027. According to the report, Seagate has surged roughly 244% in the past year. 2
Seagate’s main offering remains the hard disk drive (HDD), the spinning-disk tech designed for high-capacity data storage. The company also markets other storage devices like solid-state drives (SSDs) and various storage systems. 3
U.S. stocks edged higher Monday, building momentum ahead of major tech earnings and this week’s Federal Reserve policy announcement. The S&P 500 gained 0.39%, while the Nasdaq Composite ticked up 0.23%, Reuters reported. 4
Western Digital shares climbed roughly 1.9% in after-hours trading, helping to lift the sector as a busy week of storage earnings approaches.
Seagate’s report boils down to a few key points: revenue, gross margin, and any updates on pricing. Investors are especially keen to learn if higher-capacity drives are flowing out without issues or if supply constraints remain a hurdle.
Customer ordering trends are crucial. If cloud buyers rush to place orders early to dodge shortages, it boosts short-term figures — but risks creating a slump down the line.
The bar is set high. Any slip on margin or a cautious tone on the outlook might trigger swift profit-taking in a stock that’s become a popular play on AI infrastructure optimism.
Seagate plans to report its fiscal second-quarter results after U.S. markets close on Tuesday, followed by a conference call scheduled for 5 p.m. ET. 5
