Seagate Technology Shares 0.30% After Hours - Morgan Stanley (NYSE:MS), Seagate Technology Hldgs (NASDAQ:STX)

October 7, 2026 - 09:36

Seagate Technology shares moved up 0.30 percent in after hours trading as investors reacted to news that Toshiba plans to expand its hard disk drive production capacity. The move comes amid broader worries about supply levels in the storage market.

Toshiba's expansion plan has raised questions about whether the industry could face oversupply in the coming quarters. However, some analysts argue that demand from data centers and cloud providers remains strong enough to absorb additional output. Seagate, one of the largest HDD makers, has benefited from steady enterprise demand even as consumer PC sales have slowed.

The after hours gain was modest, suggesting that traders are not yet convinced the news will have a major impact on Seagate's earnings. The company has focused on cost controls and higher capacity drives for cloud customers, which carry better margins than consumer models. Investors will likely watch upcoming production figures and pricing trends for clues about the health of the HDD market.

Seagate has not issued a public statement on Toshiba's plans. The stock closed the regular session slightly lower before recovering in extended trading. Market participants continue to monitor supply chain signals and any shifts in orders from major cloud customers.