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STX — Seagate Technology

_Last updated 2026-11-06 14:00 ET from report. Screening/research, not investment advice._

Business

Hard-disk drives, mainly mass-capacity nearline drives sold to cloud/hyperscale data centers, plus legacy and consumer drives. Demand is tied to AI-era data storage and hyperscaler capex (Seagate IR).

Catalysts, guidance & news

2026-10-29 16:00 update

  • FQ1 FY27 (10-27 AMC): revenue $4,233M, non-GAAP GM 57.8%, non-GAAP EPS $7.68 (estimates $7.39 / $4.13B), FCF $1.5B, dividend $0.76. FQ2 guide: revenue $4.8B ±$100M, non-GAAP EPS $9.20 ±$0.20, above estimates (Seagate IR, 2026-10-27; SEC exhibit).
  • Reaction: 10-28 fell as much as 5.7% early on MS/Susquehanna PT cuts and slower HDD capacity-shipment growth (StreetInsider, 2026-10-28). It closed +4.51% (TRAI: gap −3.15%, day-1 drift +7.9%, gap filled). 10-29 +0.36% (open→close +1.67%; TRAI long_momentum). After hours −2.0% (Yahoo ~4:12 PM) with INTC −18% (ρ 0.58).
  • Peers: WDC (ρ 0.83). SNDK reports 10-29 AMC (results not verified at writing).

TRAI data (2026-10-29 8:53 AM ET premarket run; daily stats = Oct 28 session)

  • Sector (TRAI): Hardware. Oct 28: +4.51%, gap −3.15%, relVol 1.97, ATR 6.68%, beta60 1.42, residual z 0.98, rangePos 0.99, indicated gap −2.87% (TRAI /api/latest).
  • Next earnings: 2027-01-26 (estimate) (TRAI /api/events).
  • Typical earnings reaction (last 4): avg |gap| 7.52% (1.38 ATR), max 15.36%, fill rate 25%, continuation 25%, avg day-1 move in gap direction −0.59% (TRAI /api/events).
  • Recent events: 2026-01-27 AMC gap +6.30% / day-1 +12.08% / drift2–5 −5.49%; 2026-04-28 AMC gap +15.36% / day-1 −3.69% / drift2–5 +22.25%; 2026-07-28 AMC gap +5.29% / day-1 −2.85% / drift2–5 +9.58%; 2026-10-27 AMC gap −3.15% / day-1 +7.90% (TRAI /api/events).
  • Correlation cluster 19: WDC, STX (avg ρ 0.828) (TRAI /api/correlations, asOf 2026-10-22).
  • Highest 60d correlations: WDC 0.83, MU 0.68, LRCX 0.67, TSM 0.64, KLAC 0.60, INTC 0.58; VRT 0.47. Most negative: MO −0.54, KHC −0.48, PG −0.47 (TRAI /api/correlations).

Sector notes

2026-10-30 09:00 update

  • Premarket −7.47% (09:15) on INTC's PC warning (WDC −8.04%). STX was a 10-29 long_momentum name (S-067 case).

Report links

2026-11-06 14:00 update

  • Thu −16.25% (466.53); Fri midday ~−2.19%, tracking WDC (ρ 0.95) not MU’s bounce.
  • FQ1 FY27 IR figures re-verified on Seagate page this hour: rev $4.2B; FQ2 guide $4.8B ± $100M, non-GAAP EPS $9.20 ± $0.20 (IR, 2026-10-27).
  • 14:00 report · S-148.