Data Center Momentum Accelerates Seagate's Revenue Growth

Key Takeaways Seagate's data center segment delivered 80% of Q1 revenue, reaching $2.1B with strong cloud demand.STX shipped 159 exabytes, up from 137, as nearline drive capacity rose 26% and fueled exabyte growth.Seagate's HAMR-based Mozaic drives ramp, with long-term contracts giving visibility through 2027.Seagate Technology Holdings plc’s ((STX) rapidly expanding data center demand is becoming the primary engine behind its revenue acceleration. As cloud service providers and enterprise customers scale i ...