Seagate Technology

At the Six Five Summit, Seagate said AI increases the value of unstructured data and forces companies to revise retention, location and access strategies. The company emphasized that 80% of the world’s data currently resides on hard drives in data centers and that volume is growing rapidly due to AI applications. Seagate is prioritizing higher storage density, faster data access and stronger privacy and data sovereignty, and calls for a combined top-down and bottom-up data strategy. » More on de.investing.com

Rocket One has been admitted to Seagate’s partner program and will receive access to product information, training, and sales and marketing tools through the Seagate partner portal. The partnership is intended to support Rocket One’s expansion of infrastructure for AI, advanced computing and data storage. Rocket One stresses that the membership should not be understood as an authorized reseller or representative relationship with Seagate. » More on de.investing.com

Evercore sees Seagate in June 2026 with annual exabyte growth of 34% (218 EB) versus 22% at Western Digital (231 EB), and even stronger gains in the nearline segment. Seagate achieved incremental gross margins of over 90% and overall gross margins of 57–58%, while Western Digital had incremental gains of around 67% and gross margins of 55.5%. Seagate is ramping HAMR production (Mozaic 4) and used a larger share of its cash flow to pay down debt, while Western Digital is primarily conducting share buybacks and preparing to expand 40‑TB ePMR and HAMR products. » More on de.investing.com