Seagate Forecasts $3.45B Q4, Lifts Storage Stocks

Seagate Technology forecast Q4 revenue of $3.45 bn ±$0.1 bn, beating LSEG consensus $3.16 bn, and adjusted EPS $5.00 ±$0.20 versus $3.97 expected.
The upbeat outlook lifted storage stocks, with Western Digital up ~9.7%, SanDisk +6%, and Micron +3% in pre‑market trading.
Analysts cite accelerating enterprise AI model investments and tightening memory‑chip supply as drivers of higher storage demand.
The forecast signals robust enterprise spending on AI infrastructure, supporting broader optimism for storage hardware.