Overview
Seagate Technology Holdings plc is a data-storage company focused on designing and manufacturing hard disk drives (HDDs), storage systems and related solutions. Its core markets include data centers—serving cloud and enterprise customers—and Edge and Internet of Things applications in industrial and consumer markets. The company describes its purpose as “accelerating the world’s ability to harness the full value of data.” [1]
Seagate has operations across the United States, Northern Ireland, China, Malaysia, Singapore and Thailand.[2] In fiscal 2026, it generated approximately $12.2 billion in revenue [3] and reported approximately 30,000 employees worldwide.[4] [1][2][3][4][4]
Products & services
Seagate’s hard-drive products serve data-center and Edge/IoT uses. Its Mozaic platform uses heat-assisted magnetic recording (HAMR); Mozaic 4+ drives with capacities up to 44TB were qualified and shipping in volume to two hyperscale providers. Seagate also offers data-center storage systems, including Exos CORVAULT, a self-healing block-storage system listed in a 4U106 configuration with capacity up to 2.5PB.[5][6][7]
Named drive families include Exos for enterprise and data-center storage; IronWolf Pro for NAS, with a 32TB, 3.5-inch CMR model using a SATA 6Gb/s interface; and SkyHawk AI for video-surveillance and AI-NVR systems, with models up to 32TB and support for up to 64 HD video streams plus 32 AI streams. Seagate’s Edge/IoT and consumer offerings also include portable One Touch SSDs up to 2TB and external and gaming storage products.[5][8][9][10][11][12]
Related services include Lyve Cloud, S3-compatible object storage; Lyve Mobile, an edge-storage and data-transfer service; and Rescue data-recovery services for eligible products. In its FY2026 fourth-quarter presentation, Seagate reported that about 90% of HDD shipment capacity went to Data Center markets; this is shipment mix, not a revenue share by product family.[13][14][15][16] [5][16][6][7][8][9][10][11][12][13][14][15]
Geographic presence
In FY2026, Seagate Technology Holdings plc reported component manufacturing, subassembly, and final test and assembly operations in China, Malaysia, Northern Ireland, Singapore, Thailand, and the United States. Its principal executive offices are in Singapore, and its principal product-development facilities are in California, Colorado, Minnesota, and Singapore.[17][18]
For FY2026, revenue was attributed by bill-from location: 50% Americas, 40% Asia Pacific, and 10% EMEA.[19] Seagate had approximately 30,000 full-time employees worldwide as of July 3, 2026, including approximately 25,000 in Asia.[20] [17][18][19][20]
Business segments
For FY2026, Seagate Technology Holdings plc reported one operating and reportable segment: the manufacture and distribution of storage solutions. It does not report separate segment contributions; the single segment therefore represents 100% of consolidated revenue, with no official revenue split among distinct business segments.[21] Its reported business focus includes mass-capacity hard disk drives, storage systems and related solutions for Data Center and Edge IoT markets; these end markets are not reported as separate revenue segments.[1]
As alternative revenue views—not segment reporting—FY2026 sales by channel were OEMs, $9.819 billion (about 80.5% of revenue); distributors, $1.638 billion (13.4%); and retailers, $738 million (6.1%).[22] By customer bill-from country, revenue was attributed to the United States, $6.146 billion (about 50.4%); Singapore, $4.880 billion (40.0%); the Netherlands, $1.165 billion (9.6%); and other locations, $4 million (less than 0.1%).[23][24] [21][1][22][22][22][23][23][23][23][24]
Company history
Seagate was founded in 1979 as Shugart Technology by Alan Shugart, Tom Mitchell, Doug Mahon, Finis Conner and Syed Iftikar. It shipped its first hard drive, the ST-506, in 1980. The company expanded rapidly through the 1980s and 1990s, reaching capacity to manufacture 200,000 drives per month in 1986 and shipping its 100-millionth drive in 1996.[25][26]
Seagate completed its merger with Conner Peripherals in 1996. A 2000 transaction made the company a subsidiary of Veritas, and its operating business returned to public markets in 2002 through an initial public offering. Seagate acquired Maxtor in 2006 and completed the acquisition of Samsung’s hard-disk-drive business in 2011; it also acquired a controlling interest in LaCie in 2012.[27][28][29][30][31][32]
Stephen Luczo became CEO in 1998 and returned to the role in 2009; Dave Mosley succeeded him in 2017. Seagate announced its first 15,000-rpm drive, the Cheetah X15, in 2000, demonstrated a one-terabit-per-square-inch recording milestone in 2012, and announced in 2013 that it had shipped two billion hard drives. In 2024 it introduced its Mozaic 3+ HAMR drive platform, followed in 2026 by the announcement of next-generation Mozaic 4+ drives.[33][34][35][36][37] [25][26][27][28][29][30][31][32][33][34][35][36][37]
Sources
- Seagate Technology Holdings plc — Full financial report (2026 Y)
- www.seagate.com[4]
- www.seagate.com[6]
- www.seagate.com[7]
- www.seagate.com[8]
- www.seagate.com[9]
- www.seagate.com[10]
- www.seagate.com[11]
- www.seagate.com[12]
- www.seagate.com[13]
- www.seagate.com[14]
- www.seagate.com[15]
- www.seagate.com[25]
- www.seagate.com[26]
- www.seagate.com[27]
- www.seagate.com[28]
- investors.seagate.com[29]
- investors.seagate.com[30]
- investors.seagate.com[31]
- investors.seagate.com[32]
- investors.seagate.com[33]
- investors.seagate.com[34]
- investors.seagate.com[35]
- www.seagate.com[36]
- investors.seagate.com[37]
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