Seagate Technology shares rise following earnings beat

Seagate Technology Holdings plc saw its stock rise 6.5% during mid-day trading, reaching a high of $925.44. The surge follows earnings results that exceeded expectations, helping to address investor concerns regarding artificial intelligence.

Separately, Seagate Executive VP & CFO Gianluca Romano participated in Citigroup’s 2026 Global TMT Conference. During the session, Romano discussed the current cycle in the hard disk drive (HDD) space and addressed investor questions regarding industry growth.