Seagate (STX) Q4 2026: 12% EPS Beat Fueled by AI Storage Demand
As seen on the 24/7 Wall St. homepage on July 28, 2026.
Seagate posted a 12% EPS beat on roaring cloud data center demand for high-capacity drives, guiding Q1 2027 revenue to $4.1 billion and earnings to $7.30 per share as AI-driven storage hunger accelerates.
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Seagate reported Q4 2026 earnings per share of $5.71, clearing the consensus estimate of $5.09 by about 12%. Revenue came in at $3.63 billion, roughly 4% above the $3.49 billion analysts had expected. The results were driven by roaring demand from cloud data center customers for high-capacity hard drives, a trend that has been building steadily across each of the past eight quarters.
The earnings trajectory over that stretch tells the fuller story. Seagate posted $1.58 in EPS in Q1 2025 and has beaten estimates in every quarter since, with the beat margins widening notably as AI-driven workloads push hyperscalers to add mass storage at an accelerating pace. The Q4 2026 figure of $5.71 compares to just $2.59 in Q4 2025, underscoring how quickly the cycle has turned in the company's favor.
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Looking ahead, Seagate guided Q1 2027 revenue to $4.1 billion and earnings of $7.30 per share — numbers that suggest management sees no near-term let-up in storage appetite from its largest customers. The guidance will be the key figure investors watch as AI infrastructure buildouts continue to shape demand for high-capacity drives.
Mentioned: STX