Meet the AI Infrastructure Stock That Has Tripled in 2026 (Hint: It Can Still Double)
Seagate Technology (STX) has seen its stock triple in 2026, driven by strong demand for data storage in AI infrastructure. The company reported a 34% revenue increase to $12.2 billion and a 92% earnings per share jump to $15.58 in its latest quarter. Seagate anticipates continued growth, with revenue guidance indicating a 56% increase for the current quarter. Analysts project further revenue and earnings growth, with the stock trading at a forward P/E of 22.
How this was made
The 30-second read
Why it matters
The earnings beat and guidance signal a strong growth trajectory, likely prompting analyst upgrades and investor buying.
Market read
Seagate's results highlight the broader AI infrastructure theme, affecting storage and data‑center related stocks.
What to watch
Potential shift to SSDs or alternative storage technologies could limit long‑term HDD demand.
Background
Seagate (STX) is a leading HDD supplier benefiting from AI data‑center build‑out.
Ticker impact
Seagate reported Q4 FY2026 results with 34% revenue growth and 92% EPS jump, and issued FY2027 guidance forecasting 56% revenue increase and 180% EPS growth.
upward, likely double-digit rally in the coming weeks
Revenue and EPS beat combined with high‑growth guidance in a fast‑growing AI storage market creates a compelling buy case.
Market effects
AI‑related storage demand could lift other HDD and SSD manufacturers and data‑center equipment suppliers.
U.S. tech sector may see a boost as AI infrastructure spending accelerates.
Global hyperscalers' capex plans reinforce worldwide demand for high‑capacity storage solutions.
Counterpoint
If pricing power wanes or supply constraints ease, Seagate's growth may be overstated.
Key entities
- companySeagate Technology
U.S. data‑storage manufacturer reporting FY2026 Q4 results and FY2027 guidance.
