In this article, we will list the 5 tech stocks that just hit new all-time highs. Please visit 7 Tech Stocks That Just Hit New All-Time Highs if you’d like to see an extended list and how we came up with the list of tech stocks that just hit new all-time highs.
5. Seagate Technology Holdings plc (NASDAQ:STX)
After hitting its all-time high of $727.20 on May 1, 2026, Seagate Technology Holdings plc (NASDAQ:STX) ranks among the 7 tech stocks that just hit new all-time highs. The stock has gained 184.19% so far in 2026 as of May 8, 2026.
Source: Seagate
That surge came as the company underwent a gradual multi-quarter earnings inflection.
At the start of this year, Seagate Technology Holdings plc (NASDAQ:STX) reported Q2 FY2026 revenue of $2.83 billion, up 22% year-over-year. The company’s gross margin widened to 42.2%, while its EPS of $3.11 came in above analyst estimates of $2.78, reflecting improved operational efficiency and stronger demand.
At the same time, Seagate Technology Holdings plc (NASDAQ:STX) had fully allocated nearline capacity through calendar 2026, taking HAMR-based Mozaic 3 drives to all major U.S. CSPs, with Mozaic 4 qualifications also on schedule.
That backdrop preceded the Q3 FY 2026 breakout, reported on April 28, 2026.
With revenue growing 10% sequentially and 44% year-over-year to $3.1 billion, gross margin hit a record 47%, and EPS rose to $4.10, much above the $3.51 consensus. Meanwhile, free cash flow of $953 million, the highest in over a decade, helped management guide for Q4 revenue of $3.45 billion and EPS of $5.00. The expanded profitability and growth outlook indicate that the momentum is far from over.
Notably, analyst support validated the company’s recent progress, with Goldman Sachs and TD Cowen both issuing strong responses on April 29, 2026.
Goldman raised its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $385 to $700, citing constrained HDD supply, hyperscaler demand, and management’s methodical capacity development. That backdrop may support extended peak earnings power, according to the firm.
TD Cowen went one step further and increased the stock’s price target from $500 to $850, citing the industry’s ongoing transition. The firm’s bullishness further stemmed from the expansion of the cloud mix from 25% in 2019 to about 65% in 2026.
Therefore, the analyst calls point toward the key shift driving the case for Seagate Technology Holdings plc (NASDAQ:STX)’s structural re-rating.
Seagate Technology Holdings plc (NASDAQ:STX) is a data storage hardware and infrastructure company specializing in mass-capacity solutions. It designs and manufactures high-performance hard drives, solid-state drives, and edge-to-cloud platforms. By providing essential storage for everything from enterprise data centers to personal gaming rigs, it enables the secure management of massive digital footprints.
