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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

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From: Sam	1/28/2026 8:14:56 AM
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Seagate Stock Surges After Earnings. Why Western Digital and Sandisk Are Also Rallying. -- Barrons.com 50 minutes agoPublished 50 minutes ago Dow Jones Newswires Seagate Technology stock was surging on Wednesday -- and the hard-disk drive maker's fiscal second-quarter earnings were lifting its peers, too. Shares rallied 11% to $411 ahead of the opening bell, making Seagate the S&P 500's top performer in premarket trading. Futures tracking the index were 0.3% higher after a slew of solid earnings reports helped reignite the artificial- intelligence rally. The move higher came after Seagate reported adjusted quarterly earnings of $3.11 a share, as revenue rose 22% from a year ago to $2.83 billion. Analysts were expecting earnings of $2.84 a share on sales of $2.74 billion, according to a FactSet poll. Guidance for the current quarter was another reason the stock was popping. Seagate is expecting adjusted earnings of $ 3.40 a share and revenue of $2.90 billion, way above what analysts had forecast. The earnings beat all boils down to the artificial-intelligence boom, which has driven up demand for data and hard drives. "As AI applications amplify the creation and economic value of data, modern data centers increasingly need storage solutions that combine performance and cost-efficiency," Seagate CEO Dave Mosley said in the earnings release. The stellar results looked set to boost the broader memory sector, which has started 2026 on a tear due to sky-high demand for data from so-called AI hyperscalers. Shares in rival hard-disk drive maker Western Digital rallied 7.7% in premarket trading on Wednesday. Flash-memory supplier Sandisk, which spun off from Western Digital last year, gained 5.9%. Memory-chip maker Micron Technology was 4.4% higher, getting an additional boost from a trio of semiconductor companies issuing rock-solid guidance.

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