Seagate (STX) Climbs to Fresh High on Strong Q3 Earnings

We recently published 10 Stocks Defying Wall Street Slump; 8 Hit Fresh Highs. Seagate Technology Holdings Plc (NASDAQ:STX) is one of the best-performing stocks on Thursday.

Seagate rallied to a new all-time high on Wednesday, as investors snapped up shares following an impressive earnings performance in the first quarter of fiscal year 2026.

During the trading session, Seagate Technology Holdings Plc (NASDAQ:STX) jumped to its highest 52-week price of $268.91 before trimming gains to end the day just up by 19.11 percent at $265.62 apiece.

According to the company, it was able to grow its net income by 80 percent to $549 million from $305 million in the same period last year. Revenues jumped by 21 percent to $2.6 billion from $2.17 billion year-on-year.

“Seagate delivered strong September quarter results, with revenue growth of 21 percent year-over-year and non-GAAP EPS exceeding the high end of our guided range. Our performance underscores the team’s strong execution and robust customer demand for our high-capacity storage products,” said Seagate Technology Holdings Plc (NASDAQ:STX) Chairman and CEO Dave Mosley.

“AI is transforming how content is being consumed and generated, increasing the value of data and storage, and Seagate is well positioned for continued profitable growth,” he noted.

For the second quarter of the fiscal year, the company is targeting to book revenues between $2.6 billion to $2.8 billion, and a non-GAAP diluted EPS of $2.55 to $2.95.

Seagate Technology Holdings Plc (NASDAQ:STX) also declared a quarterly cash dividend of $0.74 to all shareholders as of December 24 record, payable on January 9, 2026.

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Disclosure: None. This article is originally published at Insider Monkey.