STX · 10-K · 2026A · Full report

AI Infrastructure Demand

Seagate Technology Holdings plc · 2026-08-04 · Importance 23 · Surprise 24

During fiscal year 2026, Seagate reported sustained demand for high-capacity nearline drives from global cloud customers and increasing sales for enterprise edge deployments. Customers are investing in data center infrastructure to support traditional data-intensive workloads and growing AI-related applications. Management expects rising data generation, retention, and reuse from AI applications to support long-term demand for scalable, cost-efficient, and reliable storage solutions.

Key facts

• Customers continue to invest in data center infrastructure to serve both traditional data intensive workloads along with growing AI related applications according to fiscal year 2026 commentary. source