[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-seagates-48percent-revenue-sur7019fab78-754c-7cbe-ba76-96f1c4780faa":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":9,"asset":18,"tagsCategories":19,"totalComments":20,"lang":21,"unique_views_count":22},"seagates-48percent-revenue-sur7019fab78-754c-7cbe-ba76-96f1c4780faa","1785286159000","Seagate’s 48% Revenue Surge Silences Growing AI Infrastructure Skeptics","\u003Cp>Seagate Technology just handed the AI infrastructure trade a much-needed win, and it came from hard drives, an unlikely corner of the market. \u003C/p>\u003Cp>Seagate’s shares had slid roughly 8% into Tuesday’s print as investors had soured on stretched AI valuations across chip and storage names. However, Seagate’s fiscal fourth-quarter results flipped that mood almost overnight.\u003C/p>A Beat That Silences the Doubters\u003Cp>Revenue \u003Ca href=\"https://www.tradingview.com/news/stockstory:3a40384ca094b:0-seagate-nasdaq-stx-reports-strong-q2-stock-soars/\" target=\"_blank\">climbed 48% year over year\u003C/a> to $3.63 billion, beating Wall Street’s estimate near $3.5 billion. Non-GAAP earnings per share came in at $5.71, well above the $5.10 analysts expected. \u003C/p>\u003Cp>That gap matters because it shows Seagate isn’t just selling more drives. It’s making far more profit on each one. Non-GAAP gross margin backs that up, jumping to 52.7% from 37.9% a year earlier. \u003C/p>\u003Cimg src=\"https://assets.beincrypto.com/img/IFzEzA-o1GOEdPbyjLSxQcQkkDI=/smart/6267142d8b1d41deb46333c4d7dd664b\" alt=\"While sliding the day before its report, Seagate spiked up on good results in overnight trading. \" />While sliding the day before its report, Seagate spiked up on good results in overnight trading. Image Source: \u003Ca href=\"https://www.tradingview.com/symbols/NASDAQ-STX/\" target=\"_blank\">Trading View\u003C/a>\u003Cp>Seagate also banked a record $3.1 billion in free cash flow for the full fiscal year, cash it can use to pay down debt, reward shareholders, or reinvest in its AI storage push.\u003C/p>\u003Cp>CEO Dave Mosley credited the results to durable cloud demand.\u003C/p>\u003Cp>“Our performance is being driven by robust cloud data center demand and disciplined execution, and we see the momentum continuing in 2027,” \u003Ca href=\"https://investors.seagate.com/news/news-details/2026/Seagate-Technology-Reports-Fiscal-Fourth-Quarter-and-Fiscal-Year-2026-Financial-Results/default.aspx\" target=\"_blank\">Mosley\u003C/a> said.\u003C/p>\u003Cdiv>\u003Cp>💡 Seagate Technology Holdings plc \u003Ca href=\"https://x.com/search?q=%24STX&src=ctag&ref_src=twsrc%5Etfw\">$STX\u003C/a> Q4 FY2026 Earnings 2026-07-28💰 Current Quarter Performance– 🟢 EPS: $5.71 (Est. $5.10)– 🟢 Revenue: $3.63B (Est. $3.50B)📊 Key Indicators– 🟢 Non-GAAP Gross Margin: 52.7% (Prior Year 37.9%, YoY+14.8pp)– 🟢 Non-GAAP Operating… \u003Ca href=\"https://t.co/lLoZb0P6pz\">pic.twitter.com/lLoZb0P6pz\u003C/a>\u003C/p>— FabyΔ (@FABYMETAL4) \u003Ca href=\"https://x.com/FABYMETAL4/status/2082204919634014262?ref_src=twsrc%5Etfw\">July 28, 2026\u003C/a>\u003C/div>\u003Cp>Management’s guidance beat expectations too. Seagate expects $4.1 billion in revenue next quarter, well above analyst estimates near $3.8 billion.\u003C/p>Why It Matters Beyond Storage\u003Cp>The beat lands right as \u003Ca href=\"https://beincrypto.com/ai-memory-stock-rally-ai-bubble-analysis/\" target=\"_blank\">memory chip stocks wobble\u003C/a> on fears the AI buildout is overheating. Even \u003Ca href=\"https://beincrypto.com/sk-hynix-samsung-ai-deals-stocks-fall/\" target=\"_blank\">SK Hynix and Samsung’s chip deals\u003C/a> haven’t stopped that slide. Seagate’s results argue the underlying demand for AI-driven data storage still holds, even as sentiment around the stocks turns shaky.\u003C/p>\u003Cp>Seagate’s next quarter, and whether it hits that $4.1 billion target, will show if this confidence sticks.\u003C/p>\u003Cp>The post \u003Ca href=\"https://beincrypto.com/seagate-earnings-beat-ai-storage-doubters/\">Seagate’s 48% Revenue Surge Silences Growing AI Infrastructure Skeptics\u003C/a> appeared first on \u003Ca href=\"https://beincrypto.com\">BeInCrypto\u003C/a>.\u003C/p>","https://beincrypto.com/seagate-earnings-beat-ai-storage-doubters/",null,"[\"Stocks\",\"AI News\",\"Stock Market News\"]","[\"Near\",\"Flow\",\"FLOW\",\"Across\",\"Sentiment\",\"Surge\"]","[{\"name\":\"Near\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/near.png\"},{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/FLOW.png\",\"name\":\"FLOW\"},{\"name\":\"Across\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/across.png\"},{\"name\":\"Sentiment\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/sentiment.png\"},{\"name\":\"Surge\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/surge.png\"}]","7",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/beincrypto.png","BeInCrypto","","[\"Crypto\"]","0","EN","1"]