Seagate Technology Holdings PLC - Company Overview

Business Focus

Seagate Technology is a leading provider of data storage technology and infrastructure solutions that enable enterprises and end users to securely store, manage, and unlock the value of their data.

Core Products

• Hard Disk Drives (HDDs): Devices that digitally store data on rapidly spinning magnetic disks, remaining the primary mass storage medium due to their performance, reliability, high capacity, quality, and cost-effectiveness.
• Solid State Drives (SSDs): Use NAND flash memory for faster data access and robust performance; complement HDDs in various applications.
• Storage Solutions & Systems: Include enterprise storage arrays, cloud storage systems, and storage subsystems for data centers, CSPs (Cloud Service Providers), and OEMs.
• Lyve Portfolio: Offers a secure, simple, and cost-efficient platform for managing large volumes of data across distributed enterprise environments. It includes:
  • Data transfer shuttles for moving data from endpoints to cloud
  • Storage-as-a-service cloud platform (Lyve Cloud) providing frictionless mass-capacity storage at the metro edge

Market and Industry

• Focuses on mass capacity storage markets such as cloud, enterprise, VIA (Video and Image Applications), NAS, and edge-to-cloud infrastructure.
• Serves legacy markets including consumer electronics, client devices, and mission-critical enterprise applications.
• Addresses rapidly growing demand driven by the proliferation of data, media-rich content, AI, IoT, autonomous vehicles, and smart city applications.
• Industry includes component manufacturers, storage device manufacturers, system integrators, cloud data centers, and storage service providers.

Customers & Revenue

• Number of Shareholders: Approximately 447 record owners of its ordinary shares as of July 29, 2025.
• Major Customers: Includes large hyperscale data center companies and CSPs with long-term purchase agreements.
• Revenue (Fiscal Year 2025): ~$9.1 billion, a 39% increase from 2024.
• Revenue Channel Breakdown (2025):
  • OEMs: 80%
  • Distributors: 12%
  • Retailers: 8%
• Geographic Breakdown (2025):
  • Asia Pacific: 41%
  • Americas: 49%
  • EMEA: 10%
• Market Segments:
  • Mass capacity storage: 81%
  • Legacy markets (consumer, client, mission-critical): 12%
  • Other markets: 7%

Operational Highlights

• Employees: Approximately 30,000 full-time employees worldwide, with around 25,000 located in Asia.
• Net Income (Fiscal Year 2025): ~$1.5 billion
• Gross Margin: 35%, improved from 23% in 2024, driven by product mix and pricing strategies.
• Market Capitalization (as of last reporting): Approximately $18.4 billion (market value of voting and non-voting ordinary shares held by non-affiliates as of December 27, 2024).

Key Technologies & Innovations

• Focus on increasing areal density and storage capacity via advanced recording technologies such as HAMR (Heat-Assisted Magnetic Recording), SMR (Shingled Magnetic Recording), and MACH.2 multi-actuator tech.
• Produces HDDs with capacities up to 35TB and SSDs up to 30TB.
• Designed for fast performance, high reliability, energy efficiency, security, and modular scalability to support data centers, cloud environments, and enterprise applications.

Summary

Seagate supplies data storage hardware and solutions primarily to enterprise, cloud, and legacy markets globally, supporting the exponential growth of data driven by AI, IoT, media content, and digital transformation initiatives. Its diversified product portfolio includes HDDs, SSDs, and integrated storage systems, with a significant presence in the mass capacity storage ecosystem and a global workforce of 30,000 employees. The company reported revenues of approximately $9.1 billion and net income of around $1.5 billion for fiscal year 2025.