Seagate Earnings Preview: AI Tailwinds Remain, But Fading Sentiment Caps The Premium

Seagate Technology Holdings plc is positioned for strong profitability as agentic AI drives surging storage demand and capacity allocation. STX benefits from a shift to higher-density storage, improved operating leverage, and recurring revenue from refresh cycles as enterprise AI adoption accelerates. Despite robust fundamentals, I downgrade STX to Buy with a $937 price target, reflecting waning AI sentiment and a more prudent valuation approach. J Studios/DigitalVision via Getty Images Seagate Technology Holdings plc ( STX ) is set to report Q4 ’26 earnings on July 28, 2026 after market close. Consensus will be looking for eFY26 revenue to come in at $12,056mm with an EPS of $14.89/share, just short