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Seagate Technology Reports Fiscal First Quarter 2025 Financial Results

Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal first quarter ended September 27, 2024. "Seagate is off to an outstanding start to the fiscal year, highlighted by gross margin expanding to the highest level in more than a decade," said Dave Mosley, Seagate's chief executive officer.

"We executed on our plans to aggressively ramp our 28-terabyte nearline drives and broaden the number of cloud customers entering qualification on HAMR-based Mozaic products. We are excited by the strong product momentum which positions us well to address customer demand while delivering profitable growth. Our confidence in Seagate's future opportunities is reflected in the decision to raise the quarterly dividend as announced today," Mosley concluded.

Toshiba Successfully Demonstrates Nearline HDDs with Massive Capacity of Over 30TB

Toshiba Electronic Devices & Storage Corporation (Toshiba) has successfully achieved storage capacities of over 30 TB with two next-generation large capacity recording technologies for hard disk drives (HDDs): Heat Assisted Magnetic Recording (HAMR) and Microwave Assisted Magnetic Recording (MAMR). The demonstration drives represent a major milestone in the advance toward commercial products based on each of these emerging recording formats.

HAMR, one of the two technologies that are driving forward next-generation high-capacity data recording, boosts magnetic recording capabilities by locally heating the disk with near-field light. Toshiba achieved 32 TB on 10 disks and adoption of Shingled Magnetic Recording (SMR) technology. Toshiba plans to start shipping test sample HDDs with HAMR technology in 2025.

Seagate Technology Reports Fiscal Third Quarter 2024 Financial Results

Seagate Technology Holdings plc (NASDAQ: STX), the leading innovator of mass-capacity storage solutions, today reported financial results for its fiscal third quarter ended March 29, 2024. "Seagate's March quarter revenue grew 6% and non-GAAP EPS more than doubled over the December quarter as we benefit from improving cloud demand, our strong operating discipline and price execution. This combination sets the foundation for a return to target margin performance as the markets recover," said Dave Mosley, Seagate's chief executive officer.

"This constructive demand backdrop is well-timed as we prepare to ramp our Mozaic products, anchored by industry-leading HAMR technology. HAMR-based products offer compelling economic value for our customers and position Seagate to drive further financial performance gains, as well as capitalize on favorable long-term demand for mass capacity storage."

Seagate Exos CORVAULT 4U106 Mass Data Storage System Now Available in 2.5 PB Capacity

Seagate Technology, a world leader in mass data storage infrastructure solutions, today announced the latest Seagate Exos CORVAULT 4U106 mass data storage system. Offering capacity of 2.5 PB, the high-performing multi-petabyte block storage system offers higher rack density, extended lifecycles, and less power per petabyte, lowering total cost of ownership (TCO).

The Seagate Exos CORVAULT 4U106 features Seagate's high capacity Exos hard drives, which, combined with self-healing technology, create the most efficient petabyte storage building block for scale-out data center architecture, reducing storage networking resources up to 50% and improving total rack power efficiency up to 30%. The self-healing capabilities of Seagate's Autonomous Drive Regeneration (ADR) and Advanced Distributed Autonomic Protection Technology (ADAPT) help reduce downtime and optimize data center resources such as maintenance and human intervention and, in turn, carbon footprint and e-waste.

Seagate Announces New Exos 24TB Hard Drives for Hyperscalers and Enterprise Data Centers

Seagate Technology Holdings plc, a world leader in data storage technology and solutions, introduced the new Seagate Exos X24 hard drives. With 10 disks delivering 2.4 TB each, the Exos X24 is Seagate's highest density hard drive, offering industry leading total cost of ownership (TCO) for hyperscale customers and enterprises with scale-out data centers. The conventional magnetic recording (CMR)-based 24 TB Exos X24 delivers market-leading capacity, high performance, and enterprise-class reliability. Seagate also continues to offer limited cloud customers the flexibility of a shingled magnetic recording (SMR) Exos X24 configuration at a capacity of up to 28 TB.

Designed for maximum storage capacity and the highest rack-space efficiency, Exos X24 is purpose-built for hyperscale with powerful performance and proven technology. The new helium 3.5-inch 7200 RPM nearline drive offers both SATA and SAS interfaces and delivers enhanced caching that performs up to three times better than solutions that only utilize read or write caching.

Seagate Starts Shipping Commercial Exos HAMR HDDs

Seagate has revealed that it has received revenue for Exos Corvault systems during a fourth quarter and fiscal year 2023 conference call—the latest server range is equipped with heat-assisted magnetic recording (HAMR) hard drives. We heard about evaluation samples being sent out to an important data center client around Spring time, but fresh corporate announcements have revealed that the first commercial HAMR-based systems have been picked up by paying customers. Gianluca Romano, the firm's chief financial officer stated: "Importantly, we shipped our first HAMR-based CORVAULT system for revenue as planned during the June quarter. We expect broader availability of these CORVAULT systems by the end of calendar 2023."

Seagate's chief executive, Dave Mosley, also revealed that higher capacity HAMR-based nearline hard drives have been sent out for testing in the field. He boasts that this was achieved during corporate cost cutting initiatives: "We reduced production output by approximately 25% compared with peak volume in order to drive better supply/demand dynamics and enhance profitability as the markets recover. And all of these accomplishments were made while delivering on our 30 TB+ HAMR product development and qualification milestones with volume ramp on track to begin in early calendar 2024...Initial customer qualifications are progressing well. We are on track to begin volume ramp in early calendar 2024. We are also preparing qualifications with a broader number of customers, including testing for lower capacity drives targeting VIA and enterprise OEM workloads." He also outlined plans to keep PMR and SMR hard drive technologies alive for another generation: "Development efforts on what may be our last PMR product are nearing completion and will extend drive capacities into the mid- to upper 20 TB range." Clients who are reluctant to jump onto HAMR could be offered some alternatives—24 TB+ models based on PMR+TDMR and SMR+TDMR configurations are roadmapped for release by the end of the year.

Seagate HAMR 32 TB Capacity Drives Arriving Later This Year, 40+ TB in 2024

Seagate has recently published a preview of its next generation product hard drive lineup that utilize heat-assisted magnetic recording (HAMR) technology. A company roadmap indicates that the first commercial release of 32 TB capacity HAMR Mach 2 drives is penciled in for a Q3 2023 window, with a short hop to increased storage (40 TB) models predicted for launch in 2024. Seagate is also expected to release 24 TB and 28 TB capacity HDDs - based on the older perpendicular magnetic recording (PMR) technology - at some point in the near future. Technology news outlets anticipate that these two product ranges will co-exist for a while, until Seagate decides to favor its more advanced thermal magnetic storage solution. A lucky data center client has been getting hands-on time with evaluation HAMR hardware, as reported in late April. Seagate has since supplied other enterprise customers with unspecified HAMR HDD models.

Executives at Seagate have been openly discussing their HAMR products - destined to sit in new Corvault server equipment. Gianluca Romano, the company's chief financial officer, mentioned several models during a presentation at the Bank of America 2023 Global Technology conference: "When you go to HAMR, our 32-terabyte (model) is based on 10 disks and 20 heads. So same number of disks and head of the current 20-terabyte PMR...So all the increase is coming through areal density. The following one, 40-terabyte, still (has) the same 10 disks and 20 heads. And also the 50 (TB model), we said at our earnings release, in our lab, we are already running individual disk at 5 terabytes."

Seagate Starts Shipment of Extra High Capacity HAMR HDDs to Data Center Client

Seagate is celebrating the debut shipment of very sophisticated storage solutions to a preferred client (dealing in the cloud data center sector). These 30+ terabyte hard drives are based on heat-assisted magnetic recording (HAMR) technology - the American data storage company is setting up its next generation Corvault range with the thermal magnetic recording methodology. The first shipment of HAMR-based drives is reported to consist of final qualification samples, but Seagate is anticipating that fully verified equipment - after trial customers give this new product lineup a thumbs-up - will be generating revenue in the coming weeks.

According to a transcript of a recent Seagate financial meeting conference call, CEO Dave Mosley mentioned a dip in business as well as a costly legal settlement, but expects company fortunes to rise due to client uptake of breakthrough storage technologies: "Beyond this cycle, we remain excited about the long-term opportunities presented by the secular growth of data and the relevance of mass capacity storage as new data-centric applications emerge and more workloads migrate to the cloud. We continue to make strong progress on our industry-leading technology road map, including launching HAMR-based products this quarter, which we believe put us in outstanding longer-term position."

Seagate Technology Reports Fiscal First Quarter 2023 Financial Results

Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate") today reported financial results for its fiscal first quarter ended September 30, 2022. "Global economic uncertainties and broad-based customer inventory corrections worsened in the latter stages of the September quarter, and these dynamics are reflected in both near-term industry demand and Seagate's financial performance. We have taken quick and decisive actions to respond to current market conditions and enhance long-term profitability, including adjusting our production output and annual capital expenditure plans, and announcing a restructuring plan that will deliver meaningful cost savings while maintaining investments in the mass capacity solutions driving our future growth," said Dave Mosley, Seagate's chief executive officer.

"We continue to meet our development milestones for the 30+ terabyte product family, which is based on industry leading HAMR technology. Our team is executing well on our innovation roadmap, and we are seeing strong engagement from cloud customers. Looking beyond the current macro uncertainties, we are confident in the secular demand for mass capacity storage driven by the underlying growth in data and believe Seagate is in a great position to capture growth opportunities over the long-term."

Researchers Deploy Graphene on HDDs to Enable up to 10x Density Increase With HAMR Technology

HDD manufacturers have tirelessly worked to reinvent the spinning drive technology (and sometimes topology) with increased storage density capabilities (potentiated by the development of technologies such as HAMR (Heat Assisted Magnetic Recording) and MAMR (Microwave Assisted Magnetic Recording). Researchers with the Cambridge Graphene Centre have collaborated with the University of Exeter, India, Switzerland, Singapore and the US to showcase how much life there might still exist in HDDs - if only graphene were to be used.

The research shows how a single graphene layer (researchers tested up to four layers) can be used as a replacement for multiple layers of carbon-based overcoats (COCs), which are deployed on platters to protect them from mechanical damages and corrosion. Current COC thickness stands at only 3 nm, but any existing space between platters presents a bottleneck to the number of platters (and thus storage density) that can be achieved in the HDD world. The researchers demonstrated that graphene enables a two-fold reduction in friction and provides better corrosion and wear protection than current state-of-the-art solutions. In fact, one single graphene layer reduces corrosion by 2.5 times. The researchers further demonstrated that graphene can still be deployed as protective layers in HAMR-totting HDDs - a feat that current carbon-based overcoats can't reproduce, as they fail at the high temperatures arising from the heat-assisted recording. Just one more feather on graphene's utility cap.

Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results

Seagate Technology plc (NASDAQ: STX) (the "Company" or "Seagate") today reported financial results for its fiscal second quarter ended January 1, 2021. "Seagate delivered strong, double-digit revenue, earnings and free cash flow growth in the December quarter supported by broad-based improvement across nearly every served market and geography, and we had solid customer demand for our mass capacity products," said Dave Mosley, Seagate's chief executive officer.

"We also achieved our technology milestone by shipping 20-terabyte HAMR drives in calendar 2020, paving the way for Seagate's continued success for years to come. As demand for data increases in both the cloud and at the edge, Seagate's new Lyve Storage Platform complements our HDD portfolio to help businesses address both the secular demand for mass capacity storage and the increasing complexity of managing data from edge-to-core cloud. We are well positioned to benefit from the tremendous opportunities we foresee ahead and remain focused on enhancing value for our customers, employees and shareholders."

Seagate: 20 TB HAMR Drives Arrive in December, 50 TB Capacities in 2026

In its latest earnings call, Seagate, a manufacturer of high-capacity drives, has revealed several interesting points about its upcoming releases of next-generation hard drives. More specifically, the company has disclosed a shift to a new generation of HDDs based on so-called heat-assisted magnetic recording (HAMR) technology. This technology is set to bring many improvements compared to the one currently used by Seagate's rivals like Western Digital. The rivaling company uses energy-assisted perpendicular magnetic recording (ePMR) and microwave-assisted (MAMR) technologies and it already has a 20 TB drive in the offering. Seagate announced that they will unveil a 20 TB HDD in December this year, with the use of HAMR technology, which will bring many improvements like better speed and more efficient disk read/write.

"We remain on track to ship 20-TB HAMR drives starting in December, which is an important milestone, as we believe HAMR technology will be the industry's path to scaling a real density and increasing drive capacities," said Dave Mosley, CEO of Seagate. "Seagate will be the first to ship this crucial technology with a path to deliver 50-TB HAMR drives forecast in 2026."

Seagate Reveals Lyve Drive Mobile System

Seagate had plenty of things to show off at their CES booth, however, some things specially stuck out, like the Lyve Drive Mobile system. Developed to address the need for data movement between different endpoints, the Lyve Drive system comes in a few flavors. First in the line is a Lyve Drive Cards and Card Reader solution, which offers 1 TB CFexpress cards on the go, and a portable reader for them to read the data on the spot. Next up is the Lyve Drive Shutte which resembles an autonomous data storage and data transport solution that offers capacities of up to 16 TB of HDD or SSD storage.

Another Part of the Lyve Drive ecosystem is a Lyve Drive Mobile Array, which offers a sealed and ruggedized solution for carrying up to 6 of Seagate's 18 TB Exos HAMR (heat-assisted magnetic recording) hard drives for a total capacity of 108 TB. Next in the lineup is the Lyve Drive Modular Array - a 4-bay flexible solution that offers various configurations for business, so their deployment strategy of these devices varies. It uses Seagate's MACH.2 multi-actuator technology that transfers the data concurrently. Last but not least is a Lyve Drive Rackmount Reciver which is a 4U rackmount hub that allows for direct connection of Lyve Drive arrays into the data center, without a need to reconnect any of the data center networking specially for storage transfer.

Seagate's Roadmap Calls for 18 TB, 20 TB Drives in 2020, 50 TB by 2026

Seagate announced its roadmap for the coming years, and the company is naturally fighting tooth and nail for the relevance of HDD technology in the market. While the benefits of SSDs are already well understood by the entire industry, in some scenarios, it makes more sense to make use of high-density HDDs - particularly where deployment space is at a premium, and in scenarios where seek times for information stored on the media aren't all that important. This is why the company is aggressively pushing its new HAMR technology as a way to increase areal density on traditional platter-based media.

Plans to achieve 18 TB and 20 TB density HDDs in the first semester of 2020 seem to be well within reason, considering the company has recently shipped 16 TB HDDs. These HDD solutions will still make use of older technologies such as CMR (Conventional Magnetic Recording), for the 18 TB drives) and SMR (Shingled Magnetic Recording) for their 20 TB 2020 products. The company will later make use of their proprietary HAMR (Heat Assisted Magnetic Recording) technology in order to upgrade their 20 TB, and 20 TB+ HDDs with higher performance (and density) than can be achieved with the tried and true SMR. When it comes to performance improvements, a latent disadvantage in HDDs compared to solid state solutions, the company will eventually deploy HDDs which make use of two sets of read/write heads instead of a single one.

Seagate Achieves Milestone in HAMR HDDs: 16 TB Units Internally Tested

Seagate has been hyping their new HDD density-improvement technology, HAMR, for some time now. The basis of HAMR (Heat-Assisted Magnetic Recording) in Seagate's ypcoiming HDDs is to increase platter density without having to resort to other solutions so as to increase HDD capacity (increased number of platters, increased footprint, etc). The company says that internal tests of 16 TB HAMR-based HDDs are going well, with expected market release to partners by 2019.

HAMR does keep up with compatibility for enterprise customers, being a drop-in upgrade for other HDD-based storage solutions - they're just higher capacity, higher-performance solutions that don't need any special treatment from deployers. The plan is to release 20 TB solutions by 2020, and a staggering 48 TB in the standard 3.5" form-factor by 2024. Seagate further states that HAMR-based drives far exceed industry-required reliability parameters, so the company is bullish on the attention its technology will garner once available to customers in general. The HAMR tech will be deployed firstly on the company's

Seagate's Roadmap Shows How We Can Expect 100 TB HDDs in 2025

Do you know what's better than a 10 TB HDD? A 100 TB HDD. Seagate has published a product roadmap showing the evolution of their HDDs in the next few years. According to that roadmap, we'll be able to buy a 100 TB hard drive in 2025. Other makers such as Western Digital talked about 40 TB drives in 2025 thanks to MAMR (Microwave Assisted Magnetic Recording) technology, but it seems Seagate is even more optimistic, and in fact they'll use HDMR (Heated Dot Magnetic Recording), an evolution of the HAMR (Heat Assisted Magnetic Recording) technology.

Seagate expects to have 20 TB HAMR-HDDs by 2020, and from that moment on they'll continue to work on this technology to launch 36 TB HDDs by 2022, 48 TB drives before 2024 and that 100 TB units in 2025. HAMR will enable double areal density growth each 2.5 years according to Seagate. The current PMR (Perpendicular Magnetic Recording) technology could disappear in that future, and it seems HDDs will continue to be a valuable asset for those who look for the cheapest price per GB.

Seagate Unveils the 14TB Helium-Based Exos X14 Enterprise Hard Drive

Seagate Technology plc (NASDAQ: STX), a world leader in data storage solutions, today unveiled its 14TB helium-based ExosTM X14 enterprise drive at the OCP U.S. Summit 2018 in San Jose, Calif. The Seagate Exos X14 delivers high performance and greater capacity for hyperscale data centers looking to efficiently and cost-effectively manage increasing amounts of data.

Enterprises across the globe face the daunting challenge of managing a massive increase in data volume as the world is expected to create 163 zettabytes of data in 2025, according to a study by analyst firm IDC and sponsored by Seagate. As the need for hyperscale and cloud storage rises to unprecedented levels, Seagate's Exos X14 hard drive is a direct response to customer demand for increased enterprise storage capacity and efficiency.

Seagate Bringing RAID 0 Performance to Single HDD via Multi-Actuator Tech

Seagate may currently be one of the first tech companies in storage conversations due to their upcoming HAMR (Heat-Assisted Magnetic Recording) technology, which should enable 20 TB HDDs by 2020. And even though HDDs are better known for their high areal density and price/storage ratio, which is only bound to increase through the usage of HAMR, Seagate knows that areal density is hardly one of the principal bottlenecks in HDD technology. The bottleneck, as it usually is, is speed.

HDDs have an old design philosophy by now, where an actuator arm moves read/writing heads in parallel across the surface of the disk - nowadays, there are usually two heads per platter (one on the upper side, and one on the underside of it). As you might image, a given head can either read or write at one point in time - and all heads move in tandem, with different heads reading or writing across the multiple spinning discs that constitute the hard drive. This, however, means that HDD reading efficiency is lost - due to how small the 1s and 0s are on HDDs, only one head can be moved to an exact data path, with all the others moving with it, spending power and increasing the load on the actuator for nary a speed gain or minimal workload.

What is HAMR and How Does It Enable the High-Capacity Needs of the Future?

The following was posted by Seagate Senior Vice President and Chief Technology Officer Mark Re, in a Guest Blog Post on Backblaze: "Earlier this year Seagate announced plans to make the first hard drives using Heat-Assisted Magnetic Recording, or HAMR, available by the end of 2018 in pilot volumes. Even as today's market has embraced 10TB+ drives, the need for 20TB+ drives remains imperative in the relative near term. HAMR is the Seagate research team's next major advance in hard drive technology.

HAMR is a technology that over time will enable a big increase in the amount of data that can be stored on a disk. A small laser is attached to a recording head, designed to heat a tiny spot on the disk where the data will be written. This allows a smaller bit cell to be written as either a 0 or a 1. The smaller bit cell size enables more bits to be crammed into a given surface area - increasing the areal density of data, and increasing drive capacity.
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