Seagate revenue jumps 61% as HDD shortage pushes orders to 2028

Seagate's Q1 FY27 revenue surged 61% year-over-year to $4.2 billion with 57.8% non-GAAP gross margin, and its Exabyte capacity is booked through 2028. Despite a pullback after a 142% rally, analysts see the AI-driven HDD shortage tailwind continuing.

2026-10-28 ~ 2026-10-29 · 2 related posts

• Seagate dips after 142% YTD surge, but AI-driven HDD boom keeps margins at records — TiernanRayTech · 2026-10-28
• Seagate revenue jumps 61% to $4.2B as exabyte supply sells out through 2028 — BenBajarin · 2026-10-29