Seagate hits record high on strong Q3 forecast
Seagate Technology's shares STX.O surge 15.4% to $428.91, hitting a fresh all-time high
The hard drive maker forecasts Q3 revenue and profit above Wall Street expectations
STX also beat Q2 revenue and profit expectations
Rival memory chip maker Western Digital WDC.O also gained on STX's upbeat outlook, climbing 4.8% to $264.82, hitting record high
"As AI applications amplify the creation and economic value of data, modern data centers increasingly need storage solutions that combine performance and cost-efficiency at exabyte-scale," says Seagate CEO Dave Mosley
21 of 26 brokerages rate STX's stock "buy" or higher, five "hold"; their median PT is $385 - data compiled by LSEG
Including session's moves, STX up about 56% YTD, following a 219% rally in 2025
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