New York, Jan 14, 2026, 15:35 ET — Regular session
- Seagate shares dropped roughly 2% in afternoon trading, following a weaker tech sector.
- The company scheduled its fiscal second-quarter earnings release for Jan. 27, after the market close
- Seagate has begun global shipments of its 32-terabyte drives via channel partners
Shares of Seagate Technology Holdings plc dropped 1.8% to $312.70 in Wednesday afternoon trading, down from $318.44 at Tuesday’s close.
Seagate’s shares dipped ahead of its next quarterly report, due later this month. Investors are closely watching for signs on pricing and demand in storage linked to AI infrastructure. The company plans to release fiscal second-quarter results after U.S. markets close on Jan. 27, followed by a conference call at 5 p.m. ET. (Seagate Investors)
Seagate has been caught up in the broader storage-and-memory frenzy retail investors jumped into early January amid signs of tight supply, Reuters reported. The company has seen over $2.1 million in retail inflows so far this year. Shares of Seagate and Western Digital have more than tripled in 2025, according to the report. “Memory chips are certainly among the themes that are exciting our customers these days,” said Interactive Brokers chief strategist Steve Sosnick. (Reuters)
Seagate announced it began shipping 32-terabyte hard drives across its SkyHawk AI, Exos, and IronWolf Pro product lines to channel and retail partners worldwide starting Jan. 14. Prices range from $699.99 to $849.99. These drives utilize CMR, or conventional magnetic recording, which prioritizes consistent performance. Seagate’s Melyssa Banda highlighted how “AI applications, like computer vision, are transforming how video is used across industries.” The company cited IDC data indicating that over 75% of organizations expect video data to at least double within five years. (Seagate Investors)
The broader market weighed on sentiment. The Nasdaq Composite dropped 1.35% Wednesday, dragged down by slipping tech shares and weaker bank stocks following mixed earnings reports, Reuters noted. (Reuters)
Seagate bulls are betting on bigger-capacity drives to boost volume and firm up pricing, driven by AI workloads demanding more long-term storage. Skeptics see a different picture: crowded trade, elevated expectations, and a stock vulnerable to sharp drops on even slight guidance misses.
The thesis rests on demand holding strong and supply remaining controlled. Should AI-related spending slow down, or if storage constraints ease quicker than anticipated, prices could weaken, dragging the story back into a typical cycle.
Seagate reports earnings after the bell on Jan. 27. Investors will focus on updates about demand, supply, and whether the adoption of high-capacity drives is accelerating or slowing down.
