On July 30, Seagate Technology PLC rose 3.08% in pre-market trading, trading at $791.38/share, with turnover of $10.4 million, extending the post-earnings rally.

On the news front, Seagate previously reported Q4 FY2026 results that comprehensively beat expectations, with multiple investment banks subsequently raising price targets. Q4 revenue reached $3.629 billion, up 48% year-over-year, exceeding the $3.485 billion estimate. Adjusted EPS came in at $5.71, surging 120% year-over-year and beating consensus by 12%. Gross margin hit a record high of 52.7%. More critically, the company guided Q1 FY2027 revenue of $4.0-4.2 billion, far above the $3.75 billion consensus, with adjusted EPS of approximately $7.30 versus the $5.80 estimate, reflecting sustained AI-driven data storage demand. Following the results, Citi raised its target to $1,300, JPMorgan to $1,240, Wells Fargo to $1,180, and Wedbush to $1,000, continuing to boost market sentiment.

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