Seagate forecasts strong 1Q growth on sustained AI-driven cloud demand

<p class="P1" data-sourcepos="5:1-5:414;121-534">On July 28, Seagate Technology reported sharply higher revenue and profit for its fiscal fourth quarter, driven by continued demand from cloud data center customers and higher-capacity storage products tied to artificial intelligence infrastructure. The company also issued first-quarter fiscal 2027 guidance above its prior quarter's revenue level, reflecting expectations that demand momentum will continue.