Seagate Technology Holdings PLC is a global provider of data storage solutions, specializing in mass capacity storage products like hard disk drives (HDDs) and solid-state drives (SSDs) for enterprise, video, and consumer applications, operating within the Technology sector's Computer Hardware industry. The company also offers external storage and the Lyve platform for edge-to-cloud solutions. In its most recent reported quarters, Seagate demonstrated a mixed but generally positive earnings trend. For Q3 2025, the company reported an EPS of $2.61 against an estimate of $2.39986, and revenue of $2.629 billion. This followed Q2 2025 where EPS was $2.59 against an estimate of $2.44316, with revenue at $2.444 billion. Comparing these to the prior two quarters, Q1 2025 saw EPS of $1.90 against an estimate of $1.73982 and revenue of $2.160 billion, while Q4 2024 had an EPS of $2.03 against an estimate of $1.87715. This indicates an acceleration in both EPS and revenue growth from Q1 2025 to Q3 2025, following a period of deceleration from Q4 2024 to Q1 2025. Seagate has shown a pattern of beating analyst estimates, having exceeded expectations in Q4 2024, Q1 2025, Q2 2025, and Q3 2025 for EPS, and has a history of revenue growth. Recent news highlights positive analyst sentiment, with Mizuho Securities and William O'Neil raising price targets and initiating 'Buy' ratings, respectively, citing strong performance and valuation. Seagate is also strategically divesting its Lyve Cloud business to Wasabi Technologies to focus on its core mass-capacity storage operations amidst surging demand. Investors will be watching for continued operational strength and the impact of the Lyve Cloud divestiture on future growth trajectory and market position in upcoming reports, particularly noting any further analyst commentary and sustained demand for its primary products.
