Seagate Technology stock gains 4.85 percent as storage demand rises

Published on 09/23/2026 at 11:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate Technology stock advanced 4.85 percent on September 23, 2026, as memory shares rallied. July revenue reached USD 3.63 billion, up 48.5 percent year over year.

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Seagate Technology Holdings plc (ISIN IE00BKVD2N49) advanced 4.85 percent on September 23, 2026, as the stock traded at USD 873.33 on Nasdaq. The move followed a broader rally across memory and storage shares, with data-center demand providing the central market theme.

Storage shares extend their gains

Seagate stock rose alongside Sandisk, Micron Technology and Western Digital on September 23, 2026. Mitrade reported that Seagate gained 4.85 percent while Sandisk rose 6.82 percent, Micron added 5.00 percent and Western Digital climbed 3.67 percent. The comparison shows that the move was sector-wide rather than limited to one company.

The latest reported quarter also gives the rally a measurable operating base. According to MarketBeat, Seagate reported revenue of USD 3.63 billion for the quarter announced on July 28, 2026, compared with analyst expectations of USD 3.50 billion. Revenue increased 48.5 percent from the prior year, while earnings per share reached USD 5.71 versus USD 2.59 a year earlier.

Guidance sets the next test

Profitability is now the sharper test for the storage thesis. MarketBeat reported that Seagate posted a 26.11 percent net margin in the July 2026 quarter and guided fiscal first-quarter 2027 earnings per share to USD 7.10 to USD 7.50. The guidance range is materially above the USD 5.71 quarterly EPS reported for the preceding period, placing execution and demand conversion at the center of the next update.

Valuation has expanded with the share price. On September 22, 2026, Seagate traded as high as USD 936.94 and last changed hands at USD 919.84 before the following session, while its market capitalization was reported at USD 209.16 billion. The same market data showed a 50-day moving average of USD 842.44 and a 200-day moving average of USD 745.49, leaving the stock above both trend references at that point.

The income return adds a near-term calendar item. Moomoo reported that Seagate was scheduled to trade ex-dividend on September 24, 2026. MarketBeat reported a quarterly dividend of USD 0.74, equivalent to USD 2.96 annualized, with payment scheduled for October 7, 2026.

Seagate stock remains highly valued

Seagate stock closed the September 23, 2026 market context at USD 873.33 on Nasdaq, up 4.85 percent for the session. The latest quoted 52-week range was USD 211.63 to USD 1,094.04, while reported volume reached 6,976,470 shares, making the current price substantially higher than the prior-year low but still below the yearly high.