Seagate
STXMarket price data through September 11, 2026.
Performance
Sep 2021 – Sep 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +48%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$560
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- April 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 4 months
- How long Benson has been tracking this pick.
About Seagate
Seagate makes hard disk drives, the spinning magnetic storage that holds data cheaply in bulk. AI systems generate staggering amounts of data that is too big and too rarely used to justify expensive flash storage, so it lands on Seagate drives instead. Only two companies still make these at scale.
The case for and against
Both sides of the story, in plain English.
- Margins Nearly Doubled
In the quarter ended June 2026, Seagate turned 52.3 cents of every sales dollar into gross profit. Across the full year that figure was 45.6 percent, and a couple of years ago it was far lower. Full year revenue reached 12.2 billion dollars and earnings came to 13.90 dollars per share.
- Cash And Discipline
Seagate generated 3.1 billion dollars of free cash flow over the fiscal year. It used that money to retire 1.4 billion dollars of debt and hand 810 million dollars back to shareholders through dividends and buybacks. That is a company fixing its balance sheet and paying owners at the same time.
- Only Two Players Left For A Reason
Hard drives are a shrinking technology in most of the world. Seagate is enjoying a boom because AI needs cheap bulk storage right now, but the long term direction of this industry has been down for a decade. If flash storage gets cheap enough fast enough, the reprieve ends.
- Paying A Rich Price
The stock trades near 60 times earnings, which is an unusually high price for a hardware maker in a mature industry. It also swings roughly twice as hard as the market. Much of the recovery in profits is already reflected in the share price.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-09-11. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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