STX · 10-K · 2026A · Full report

End-Market Demand Trends

Seagate Technology Holdings plc · 2026-08-04 · Importance 17 · Surprise 24

Demand for Seagate’s data storage solutions strengthened during fiscal year 2026, with the company shipping 789 exabytes of HDD storage capacity. Growth was led by data center end markets, where sustained demand for high-capacity nearline drives came from global cloud customers and sales increased for enterprise edge deployments. Customers are investing in data center infrastructure for traditional data-intensive workloads and growing AI-related applications, which increase data generation, retention and reuse. Fiscal 2026 revenue increased 34% to $12.2 billion, primarily reflecting higher nearline exabytes shipped and favorable pricing actions.

Key facts

• Demand was led by data center end markets with sustained demand for our high capacity nearline drives across global cloud customers and increasing sales for enterprise edge deployments in fiscal year 2026. source