Seagate Reports quarterly results

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Seagate rises after posting better-than-expected earnings

Makers of the affordable data storage technology known as hard disk drives have become hot stocks amid the AI boom.

10/28/25 4:38PM

Hard disk drive maker Seagate Technology Holdings, one of the top-performing stocks in the S&P 500 this year, is up big in premarket trading on Wednesday after reporting better-than-expected results for its fiscal first quarter on Tuesday after the close. Rival hard disk drive maker Western Digital is also rallying strongly in the premarket session as investors bet that its peer’s strong performance bodes well for the industry at large.

For the quarter ended September 27, Seagate reported:

Revenue of $2.63 billion vs. the $2.55 billion expectation from Wall Street analysts.
Adjusted earnings per share came in at $2.61 vs. the $2.40 anticipated on the Street.
Looking to the current quarter that ends in December, Seagate said it expects adjusted EPS of between $2.55 and $2.95 vs. a $2.69 consensus expectation.
Seagate expects revenue of between $2.60 billion and $2.80 billion in the current quarter vs. a $2.67 billion consensus estimate.

Through the end of trading on Tuesday, Seagate shares are up approximately 160% so far in 2025, as the data storage maker has ridden the rise in demand from the AI investment boom.

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