Seagate FY2026 Sales Surge 34% on AI Infrastructure Demand

Key Facts

1Seagate's FY2026 sales rose 34% to $12.2 billion, driven by AI infrastructure demand.

2The company achieved adjusted operating margins of 36.5% and free cash flow grew 3.8x year-over-year.

3Seagate plans to offer 100TB drives by 2032 leveraging its advanced HAMR technology.

Seagate's FY2026 sales rose 34% to $12.2 billion, driven by robust demand for AI infrastructure. Seeking Alpha reported that the company achieved adjusted operating margins of 36.5%, while free cash flow grew 3.8x compared to the previous year.

The company's long-term strategy focuses on data center efficiency, with plans to offer 100TB drives by 2032 leveraging its advanced HAMR technology. This financial recovery highlights the increasing global need for high-capacity storage solutions to support the buildout of artificial intelligence systems.