Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?

Seagate (STX) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research • May 28, 2026

Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes

SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “Company”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”) today announced that on May 27, 2026, the Company closed the previously announced privately negotiated exchanges (the “exchanges”) of $185.908 million principal amount of Seagate HDD's 3.50% Exchangeable Senior Notes due 2028 (the “notes”) for aggregate consideration consisting of $185.908 million in cash and approximately 2.02 millio.

Business Wire • May 28, 2026

Seagate: Micron And SK Hynix Gave The Greenlight To Buy More

I am reiterating Seagate with a strong buy because my original thesis has not changed. It has improved. I argued that HAMR would change STX's earnings power. That view is being confirmed by Mozaic 4+ qualifications, stronger hyperscale demand, and record margin performance. The main growth drivers are nearline capacity allocation through CY27, Mozaic 4+ becoming a larger part of HAMR exabyte shipments, and AI-driven data center storage demand.

Seeking Alpha • May 28, 2026

Seagate Technology Holdings plc (STX) Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript

Seagate Technology Holdings plc (STX) Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript

Seeking Alpha • May 27, 2026

MU Achieves a Milestone: Will 3 Memory & Storage Stocks Follow Suit?

MU tops a $1T valuation as booming AI demand and chip shortages lift memory and storage stocks like WDC, SNDK and STX.

Zacks Investment Research • May 27, 2026

Seagate vs. NetApp: Which Data Management Stock is the Better Bet?

STX's AI-driven storage boom, strong cash flow and HAMR innovation are boosting growth as NTAP faces slower IT spending and cloud pressures.

Zacks Investment Research • May 27, 2026

Should you buy this little-known BlackRock stock after 600% rally in a year?

Seagate Technology (NASDAQ: STX) stock has emerged as one of the strongest-performing artificial intelligence (AI) infrastructure plays of 2026.

Finbold • May 26, 2026

Are You Looking for a Top Momentum Pick? Why Seagate (STX) is a Great Choice

Does Seagate (STX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research • May 25, 2026

Can Seagate Sustain Its Gross Margin Expansion Momentum?

STX hits record 47% gross margin on $3.1B Q3 revenue as HAMR Mozaic drives, tight supply and FY27 pricing deals lift cash flow.

Zacks Investment Research • May 22, 2026

Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes

SINGAPORE--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate” or “us”) and Seagate HDD Cayman, a subsidiary of Seagate (“Seagate HDD”) today announced that on May 20, 2026, they entered into separate, privately negotiated exchange agreements with a limited number of holders of Seagate HDD's 3.50% Exchangeable Senior Notes due 2028 (the “notes”) to exchange (collectively, the “exchanges”) $185.908 million principal amount of notes for consideration consisting of an aggrega.

Business Wire • May 21, 2026