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.
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. Investors.com
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.
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.
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.
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