Seagate Surpasses Expectations with Robust Q3 Forecast Amid AI Demand
Seagate Technology's third-quarter guidance surpasses Wall Street estimates, driven by strong AI infrastructure demand. Q2 results also beat expectations.
Insights:
Seagate Technology Holdings plc announced third-quarter revenue and profit guidance that significantly exceeds Wall Street expectations, underscoring the robust demand for data storage devices driven by artificial intelligence infrastructure deployment. The company forecasts Q3 revenue of $2.90 billion, plus or minus $100 million, compared to analyst estimates of $2.77 billion. Similarly, Seagate projects adjusted earnings per share of $3.40, plus or minus 20 cents, against expectations of $2.96 per share.
The announcement, made on January 27, 2026, also highlighted Seagate's second-quarter performance, which surpassed market predictions. The company reported Q2 revenue of $2.83 billion, beating estimates of $2.73 billion, while its adjusted earnings per share reached $3.11, compared to the expected $2.81 per share. This performance reflects the accelerating demand for hardware as tech firms invest heavily in data centers to support large language model training and deployment.
