Seagate sees a multi-year storage upcycle as long-term deals lock up supply through 2028
Seagate Technology told investors it is "still in the early days of a multi-year growth phase" for mass-capacity storage, with demand visibility "extending beyond 2030" and most of its nearline hard drive output already committed for the next two years. On its October 27 earnings call, chief executive Dave Mosley said the company expects strong sequential revenue growth and gross margin expansion throughout fiscal 2027.
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