New York, Jan 26, 2026, 19:24 EST — After-hours
- Seagate shares rose in after-hours trading as investors geared up for Tuesday’s earnings report.
- Fiscal second-quarter results from the hard-drive manufacturer are due after U.S. markets close.
- Traders are focused on pricing, supply constraints, and any changes in guidance within the storage sector.
Seagate Technology Holdings plc shares climbed 3.5%, closing at $358.29 in after-hours trading Monday. The Nasdaq stock fluctuated between $342.82 and $370.24 amid heavier volume.
This matters because Seagate has become a fast indicator of data-center storage demand, reflecting how cloud firms are boosting spending to handle AI workloads. Hard disk drives, or HDDs, still offer the most cost-effective solution for storing massive amounts of data.
The stock has made significant moves this month. Tuesday’s results will reveal whether pricing power and supply constraints are still driving gains, or if momentum is beginning to fade.
Seagate announced it will release its fiscal second-quarter results after the U.S. market close on Tuesday, followed by a conference call at 2:00 p.m. Pacific (5:00 p.m. ET).
Analysts are forecasting adjusted earnings of $2.83 per share on $2.74 billion in revenue for the quarter ending in December, based on FactSet data quoted by Investors.com. Wedbush’s Matt Bryson pointed out that the storage market continues to be “defined by supply constraints,” a trend he believes will persist through 2026. Investors
Other analysts echo this view. Kevin Cassidy of Rosenblatt Securities pointed to strong demand for Seagate’s top-capacity drives, which is enabling customers to “lower the cost per bit” despite rising HDD prices. (Cost per bit measures the storage expense for each data unit.) TipRanks
Seagate is pushing to extend its lead in high-capacity drives. Investors will be watching closely for updates on its HAMR rollout — heat-assisted magnetic recording, which boosts data density per disk — and if that shift is helping margins improve.
A regulatory filing revealed that executive vice president and chief legal officer James C. Lee sold 564 ordinary shares at $346.53 each as part of a stock awards transaction, retaining 930 shares directly after the sale.
Western Digital shares climbed 1.9% to $240.85 in late trading, keeping momentum in its sector before it reports earnings. The company is set to release fiscal second-quarter results after the market closes on Jan. 29, with a conference call scheduled for 1:30 p.m. Pacific that day.
Still, risks remain. Should Seagate’s margins deteriorate or if management adopts a cautious stance on enterprise and cloud demand, the stock might quickly surrender its recent gains.
Traders are also closely monitoring signs that supply constraints might be loosening, which could quickly shift pricing dynamics. Remarks about hyperscale demand—the largest cloud operators—often trigger significant market moves.
Seagate is set to release its earnings after Tuesday’s close, with a conference call scheduled for 5 p.m. ET. Western Digital will report its numbers later in the week.
Related articles: NASDAQ:STX
