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Seagate +16% after-hours on Q3 2026 earnings: EPS $5 vs $3.97 est, revenue $3.45B vs $3.16B est

Reddit r/wallstreetbets·u/callsonreddit·about 1 month ago
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Seagate +16% after-hours on Q3 2026 earnings: EPS $5 vs $3.97 est, revenue $3.45B vs $3.16B est Source: [https://finance.yahoo.com/sectors/technology/articles/seagate-forecasts-upbeat-quarter-ai-202242268.html](https://finance.yahoo.com/sectors/technology/articles/seagate-forecasts-upbeat-quarter-ai-202242268.html) April 28 (Reuters) - Seagate Technology forecast fourth-quarter revenue and profit above Wall Street expectations ‌on Tuesday, betting on strong demand for ‌its data-storage hardware as enterprises ramp up adoption of artificial ​intelligence. Shares of the company surged around 16% in extended trading, fueling a rise in rivals' stock. Western Digital jumped 11% and SanDisk rose 4%. Memory ‌chipmaker Micron Technology ⁠gained about 3.5%. Enterprises rushing to incorporate AI to speed up processes and cut ⁠costs have also invested in storage to handle the vast amount of data required to create ​and run ​the latest models.…

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