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Seagate bets on high-density drives to fuel 20%+ revenue growth amid AI data surge.

Company Fundamentals
11 Jun 2026
Forbes
View Source
Bullish
pluang ai news

Seagate projects a 47% sequential earnings jump and at least 20% annual revenue growth driven by AI data demand. Instead of increasing the number of hard drives produced, Seagate focuses on boosting storage density per drive, which has significantly improved profit margins. This strategy has propelled the stock up 46% since April 2026 and 575% over the past year, outperforming the market. However, the approach carries risks if supply chains or technology development falter amid high AI demand.

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