Seagate Technology (STX) will release its fiscal 2027 first-quarter earnings on Tuesday, October 27. Notably, profit-taking after a sharp rally and growing concerns about the sustainability of artificial intelligence (AI) infrastructure spending have pulled back STX ahead of Q1.
While Seagate stock is trading over 41% below its 52-week high, its fiscal 2027 prospects remain solid, supported by robust demand. Seagate continues to benefit from the growing need for high-capacity storage solutions, driven by the rapid expansion of AI infrastructure.