Seagate's Revenue Skyrockets 30% as Cloud Demand Explodes – And Their New 'HAMR' Tech is Just Getting Started

FREMONT, Calif. – In a stunning display of financial power that has sent shockwaves through the tech sector, data storage titan Seagate Technology just unveiled fiscal fourth-quarter results that blew past all expectations. The company posted a jaw-dropping 30% surge in year-over-year revenue, a figure that underscores a period of explosive growth.

But the good news didn't stop there. Seagate also announced it achieved a record gross margin, proving that its growth is not just rapid, but also incredibly profitable.

So, what’s the secret sauce behind this incredible performance? The answer, in a word, is the cloud.

In a statement released today, CEO Dave Mosley pointed directly to the voracious appetite of cloud service providers. "These achievements reflect the structural enhancements we’ve implemented in our business and ongoing demand strength from cloud customers for our high-capacity drives," Mosley said. Every photo uploaded, every movie streamed, and every piece of data processed by AI models lives somewhere, and increasingly, that "somewhere" is a data center filled with Seagate's hardware.

While current demand is driving record profits, Seagate is already looking to the future with its secret weapon: HAMR (Heat-Assisted Magnetic Recording) technology. This isn't just an incremental update; it's a revolutionary approach to data storage. The company confirmed it is full-steam ahead on "HAMR product qualifications and ramp plans."

This cutting-edge tech uses a tiny laser to momentarily heat the drive disk, allowing for data to be written more densely than ever before. For data centers struggling with physical space and energy costs, HAMR is a game-changer, promising to solve the challenge of storing ever-growing mountains of data "across the cloud and at the edge."

The impressive top-line growth was backed by rock-solid fundamentals. The company's non-GAAP earnings per share (EPS) expanded to the very top of its own guidance range, a clear signal to investors that Seagate's leadership is executing its plan with precision. Mosley attributed this success to "structural enhancements" made to the business, indicating a leaner, more efficient operation that is primed for sustained profitability. It's not just about selling more drives; it's about maximizing the value of every single unit.

With a dominant position in today's booming market and a clear technological advantage for tomorrow, Seagate is radiating confidence. Mosley concluded that the company is perfectly positioned "to create exceptional value for our customers and shareholders over the long-term." For Wall Street and Silicon Valley alike, the message from Fremont is unmistakable: The data boom is here, and Seagate is cashing in big. This record-breaking quarter may not be an endpoint, but rather the launching pad for its next era of growth.