Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$4.10
EPS est.
$3.25
EPS surprise
+25.96%
1-day move
-2.82%
Seagate Technology reported better-than-expected earnings per share, which indicates strong performance despite market challenges. However, the stock fell by 2.82% following the report, likely due to the lack of revenue figures and forward guidance. Investors may be cautious about the company's future outlook given the ongoing supply chain issues.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $4.10 | $3.50 | +25.96% |
| Revenue | N/A | $3.0B | N/A |
Overall, management expressed confidence in their ability to navigate current market conditions. They emphasized their commitment to innovation and customer satisfaction.
Management highlighted strong demand for data storage solutions.
They acknowledged ongoing challenges in the supply chain.
Seagate Technology Holdings plc (STX) is a leading provider of data storage solutions, specializing in hard drives and storage systems. As demand for data storage continues to grow with trends like cloud computing and AI, Seagate plays a crucial role in the technology hardware sector.
Last quarter
In Q2-2026, Seagate reported an EPS of $3.11, significantly exceeding expectations. The stock reacted positively, gaining 3.76% the following day.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+21.69%
Avg 1-day reaction
-0.76%
Analysts are optimistic about Seagate's upcoming earnings, expecting strong EPS and revenue figures. The company has consistently beaten earnings estimates in recent quarters.
Bull case
If Seagate continues its trend of beating EPS estimates, it could signal strong demand for its storage solutions, especially in cloud and enterprise markets.
Bear case
On the other hand, any signs of slowing demand or increased competition could lead to disappointing results, impacting investor confidence.
Key metrics to watch
EPS
$3.50Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$3.0BTotal revenue gives insight into the overall sales performance and market demand for Seagate's products.
The print will turn on these.
Q1
Will Seagate's EPS exceed the consensus estimate of $3.50?
A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.
Q2
What insights can be provided about revenue growth in the cloud storage segment?
Cloud storage is a key growth area for Seagate, and any positive commentary could boost investor confidence.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The Street may underestimate Seagate's growth potential in the cloud sector, which could drive stronger-than-expected revenue.
Supporting evidence
Seagate has consistently beaten EPS estimates, indicating strong operational performance.
Options pricing suggests a significant move, indicating that traders expect volatility, which may not align with consensus expectations.
Key risk
If cloud revenue growth exceeds expectations, it could significantly shift market sentiment.
Pre-commit to what would confirm each case.
This quarter's performance will be closely watched as it could indicate the company's ability to maintain its growth trajectory amidst competitive pressures.
Bull confirmed if
An EPS of $3.60 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $3.40 would raise concerns about demand and profitability.
What the market is pricing for the move.
Implied Move
±12.38%
Historical Avg
±3.0%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.
Options are pricing ±12.4% while STX has averaged ±3.0% over the last 8 prints — setup is pricing rich.
ATM IV
1.5%
30d HV
63.9%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$27.7M
30,000 sh
1 insider
Net
$27.7M
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Most Active Insiders· 44 open-market trades
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Smart-money positioning from the most recent 13F filings.
Institutional
84.55%
of float
Insider
0.30%
of float
Holders
2,586
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
15,166,793 sh · $12.2B
6.67%
6.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Seagate beats expectations, history suggests a potential stock increase of around +0.75%, confirming strong demand.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around -3.18%.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
0 buys·1 sell
Members
1
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Est. Notional
$1,001.00–$15,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
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