Seagate sees a multi-year storage upcycle as long-term deals lock up supply through 2028

What happened

On its October 27 earnings call, Seagate Technology told investors it is 'still in the early days of a multi-year growth phase' for mass-capacity storage, with demand visibility 'extending beyond 2030' and most of its nearline hard drive output already committed for the next two years (the title frames this as long-term deals locking up supply through 2028). Chief executive Dave Mosley said the company expects strong sequential revenue growth and gross margin expansion throughout fiscal 2027. The source does not state the cause of this growth phase, and the revenue and margin outlook is management expectation, not an achieved result.

Impact and signal

Affected components and suppliers

Source and time

Source: DigiTimes Asia · 10/27/2026 · View original source