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Seagate boosts growth with AI-driven storage and HAMR tech, projecting 50%+ revenue rise by 2032.

Company Fundamentals
14 Oct 2026
Seeking Alpha
View Source
Bullish
Seagate boosts growth with AI-driven storage and HAMR tech, projecting 50%+ revenue rise by 2032.

Seagate is capitalizing on AI expansion by providing advanced storage solutions tailored for large-scale data needs. Its HAMR technology allows for higher-capacity drives, currently offering 44TB models and planning 100TB drives by 2032, which helps reduce data center costs. Financially, Seagate reported a 34% sales increase to $12.2 billion in FY2026, with strong operating margins and free cash flow growth, supporting a Buy rating. Despite risks like industry cycles and competition, Seagate's valuation and expected revenue growth make it a compelling medium- to long-term investment opportunity.

Seagate Technology (STX) trades at USD 737.31 on Pluang as of Oct 14, 2026 13:01 WIB, down 1.28% in the past day. The stock holds a market cap of $171.28 billion and an enterprise value of $173.44 billion, with balanced order activity split evenly between buyers and sellers. This trading context highlights investor caution despite Seagate's reported strong sales growth and technological advancements in storage solutions.

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