TradingKey – Seagate Technology (STX) ended up 4.85% at $919.84 on Tuesday, extending its September rebound. Its most recent quarter resulted in $3.63 billion in revenue. Margins improved. Seagate’s Data Center business, which is its hyperscale storage business, accounts for the bulk of its revenue. Finally, Seagate’s Mozaic 4+ architecture, which is its latest storage architecture and is targeted at hyperscale data storage, is also in production. The question is how long Seagate can command these strong margins.
Data Center Is Reshaping Seagate’s Revenue Mix
According to Seagate’s recent financial filings, revenue from Data Center was 80% of total revenue for fiscal 2026 compared to 75% for fiscal 2025.
Nearline hard-drive exabytes…
