STX · 10-K · 2026A · Full report

Product Launch and Transition

Seagate Technology Holdings plc · 2026-08-04 · Importance 40 · Surprise 42

Seagate is preparing to ramp hard drives using heat-assisted magnetic recording (HAMR) technology in fiscal year 2027. The HAMR volume ramp is expected to require higher capital expenditures than fiscal year 2026. The company’s demand growth is centered on higher-capacity nearline products, and product mix shifted toward higher-capacity drives during fiscal year 2026. These higher-capacity products supported pricing and gross-margin expansion.

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