05:22 AM EDT, 04/29/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph)

Seagate Technology (STX) shares rose over 18% in Wednesday's premarket activity after the company reported overnight stronger-than-expected fiscal Q3 earnings and revenue, as well as guidance for the next quarter that beat estimates.

The company reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier.

Analysts polled by FactSet expected $3.51.

Revenue for the quarter that ended April 3 was $3.11 billion, up from $2.16 billion a year earlier.

Analysts surveyed by FactSet expected $2.96 billion.

The company said it expects fiscal Q4 non-GAAP EPS of $5.00, plus or minus $0.20. Analysts expect $3.99.

Fiscal Q4 revenue is estimated to be $3.45 billion, plus or minus $100 million. Analysts expect $3.16 billion.

Price: 683.94, Change: +104.91, Percent Change: +18.12