Will Cloud and AI Growth Help Seagate Preserve Its Margin Momentum?

Key Takeaways Seagate's mass-capacity revenues jumped 40% in Q4, led by strong nearline cloud demand.HAMR and Mozaic 3+ platform boost storage density, supporting higher profitability.Q4 gross margin hit 37.9%, up nearly 700 bps year over year, with operating income nearly doubling.Seagate Technology Holdings plc (STX) is riding a wave of surging demand from cloud, artificial intelligence (AI) and edge computing. The company’s nearline hard drives remain the backbone of hyperscale cloud storage, with build- ...