Seagate Technology is trading 11.8% down today at $713.34 as the market braces for its fiscal Q4 2026 earnings report amid a broader downturn in the semiconductor industry.
- The company is scheduled to report results after the close on July 28, with options markets pricing in a double-digit price swing following the announcement.
- The stock is facing additional pressure from a sharp selloff in memory and chip names, driven by investor concerns regarding AI data-center spending and rising competition from China.