Latest news with #HAMR
Express Tribune
2 days ago
- Business
- Express Tribune
Seagate confirms shipping of 40TB HAMR HDDs
Seagate has quietly shipped limited samples of its new 40-terabyte hard drives, marking a significant step forward in storage technology. The 40TB drives use Heat-Assisted Magnetic Recording (HAMR) technology, specifically Seagate's Mozaic 4+ platform, achieving 4TB per platter across ten platters. This innovation promises substantial gains in storage capacity and efficiency, especially for data centres handling large-scale operations. At a recent investor conference, Seagate's Chief Technology Officer, Dr John Morris, confirmed that engineering samples have already been delivered to select customers. 'We do plan to initiate qualifications next quarter, continuing into 2026, where we will bring a broad portion of our customer base onto the Mozaic 4 platform,' he said. Full production and commercial availability depend on the pace at which data centres integrate and validate the new drives. The company aims to shift a significant proportion of its exabyte-level shipments to HAMR-based drives, which offer improved capacity and operational efficiency. Seagate CEO Dr Dave Mosley highlighted the benefits for data centres: 'Ten disks give you 40 terabytes, offering better efficiencies at the fleet level, which is how our customers think.' Looking ahead, Seagate plans to expand capacity further, targeting 44TB drives by 2027 and 50TB models by 2028. These ambitions reflect ongoing challenges in scaling HAMR technology, with the 50TB drive launch delayed from an original 2017 projection to 2026. These ultra-high-capacity drives primarily target enterprise and data centre clients, rather than typical consumer markets, due to their specialised nature and cost. Seagate's early shipments underscore its technical lead in the race for the largest hard disk drives, though commercial rollout remains cautious amid the complexities of advanced storage technologies.
Yahoo
5 days ago
- Business
- Yahoo
BofA Maintains Buy on Seagate Technology Holdings (STX) Stock, Raises PT
On May 28, BofA Securities exhibited a positive stance on Seagate Technology Holdings plc (NASDAQ:STX)'s stock by increasing the price target from $125.00 to $135.00, while maintaining a 'Buy' rating. The analyst demonstrated confidence in numerous aspects of Seagate Technology Holdings plc (NASDAQ:STX)'s business. A technician configuring a network-attached storage drive. These include the roadmap for areal density, capability to balance supply and demand across market cycles because of its customer base having few very large clients, and its cost management capabilities in future downcycles. Furthermore, the firm's analyst mentioned the long-term demand for hard disk drives (HDDs) in data centers and the expectation for elevated margin levels because of a product mix transition towards Heat-Assisted Magnetic Recording (HAMR) technology, which can be achieved without the need for incremental unit capacity investments. Overall, the optimism from BofA Securities on Seagate Technology Holdings plc (NASDAQ:STX)'s stock is mainly backed by the secular demand trends from Cloud services. The company's strong emphasis on innovation, mainly in HAMR technology, can help strengthen its competitive edge. Seagate Technology Holdings plc (NASDAQ:STX) provided new financial targets for the period through FY 2028, which are aided by HAMR technology adoption. Over FY 2025 – FY 2028, it expects revenue to see low-to-mid teens CAGR. Seagate Technology Holdings plc (NASDAQ:STX) provides data storage technology and infrastructure solutions. While we acknowledge the potential of STX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Techday NZ
25-05-2025
- Business
- Techday NZ
Seagate raises share buyback to USD $5 billion, sets 2028 goals
Seagate has outlined its long-term strategy for value growth, new financial targets through fiscal year 2028, and an expansion of its share repurchase programme. At its 2025 Investor and Analyst Event, Seagate set out its approach to capitalising on data storage demand and driving both profitability and shareholder value. Dave Mosley, Seagate's Chief Executive Officer, stated, "Technology innovation and AI are fueling exponential data growth and driving demand for the hard drive storage industry." "Seagate today is uniquely positioned to capture this opportunity with our Mozaic portfolio powered by market-leading HAMR technology. Our differentiated portfolio addresses critical data centre challenges, including cost, scale and sustainability, enabling us to deliver storage solutions for customers from cloud to edge." He continued, "Since our last Investor and Analyst Event in 2021, we have made structural improvements to extend demand visibility, maintain supply discipline, optimise product mix, and streamline cost structure. We are a stronger company today thanks to the dedicated efforts of our global team." "This is an incredibly exciting time at Seagate, and we are confident we have the right technology and strategy to lead the next era of storage in today's data-driven world, while delivering enhanced value to shareholders." The company presented new financial targets set through the fiscal year 2028, which, according to Seagate, are underpinned by the adoption of its HAMR (Heat-Assisted Magnetic Recording) technology. This approach, the company asserts, provides a pathway from its current Mozaic 3+TB/disk product towards future 10+TB/disk capacities, responding to increasing requirements for mass-capacity storage. Mozaic is highlighted as Seagate's portfolio leveraging HAMR technology, targeted to address growing needs for both scale and efficiency in data centre environments. The roadmap outlined at the event details Seagate's intention to incrementally increase areal density and drive advancements in storage capacities, aiming to outpace industry requirements for enterprises and cloud providers alike. In addition to its product and strategy updates, Seagate announced that its Board of Directors has authorised an increase in share repurchase capacity, lifting the authorisation to USD $5 billion. This expanded authorisation, which does not carry a time limit, demonstrates what the company says is an ongoing commitment to returning capital to shareholders and reflects its confidence in its strategic direction and financial health. The company noted that any share repurchases would be subject to Seagate's financial position, performance, cash availability, capital demands, distributable reserves, and other considerations evaluated by the board. The increased focus on long-term profitability is positioned around both continued execution and operational discipline, as well as targeted investment in storage technologies. Seagate referenced structural changes since 2021 as key drivers enhancing its capacity to address market cycles and project financial visibility. Seagate reinforced its view that exponential data growth, fuelled by technology and artificial intelligence, is creating new demands within the hard drive storage industry. The company asserts its Mozaic HAMR-based portfolio offers competitive advantages on cost, scalability, and environmental considerations, intended to support deployment across cloud and edge environments. The company's materials presented during the event confirm plans for a sequence of product launches that continue the expansion of its Mozaic line, with a strategic focus on capacity increases critical to both hyperscale and enterprise markets. Seagate reports it has shipped more than four billion terabytes of data capacity since its founding, and maintains a product portfolio that covers data storage requirements from edge compute locations to core cloud data centres.
TECHx
23-05-2025
- Business
- TECHx
Seagate Technology Reveals 2025 Strategy and Outlook
Home » Emerging technologies » Storage » Seagate Technology Reveals 2025 Strategy and Outlook Seagate Technology announced its 2025 Investor and Analyst Event, revealing a strategic plan to drive growth, boost profitability, and build long-term value for customers and shareholders. The company, listed on NASDAQ as STX, reported that technology innovation and artificial intelligence are driving rapid data growth. This trend is fueling demand in the hard drive storage industry. Seagate stated it is well-positioned to meet this demand with its Mozaic portfolio, powered by advanced HAMR (Heat-Assisted Magnetic Recording) technology. According to CEO Dave Mosley, the portfolio addresses key challenges such as cost, scale, and sustainability. Mosley noted that Seagate delivers end-to-end storage solutions from cloud to edge, designed to support customers in a data-driven world. Since its 2021 Investor and Analyst Event, Seagate has: Made structural changes to improve supply and cost efficiency Enhanced product mix and extended demand visibility Mosley emphasized the company's strengthened position, crediting the global team's dedication. He expressed confidence in Seagate's strategy and technology to lead the future of data storage. During the event, Seagate revealed new financial targets through FY2028. These targets are supported by broader adoption of its HAMR technology. In addition, the company announced a $5 billion increase in its share repurchase authorization. The Board of Directors approved this move to reinforce Seagate's focus on capital returns and long-term confidence. The authorization has no time limit. Future repurchases will depend on several factors, including financial performance, cash flow, and capital needs.
Forbes
23-05-2025
- Business
- Forbes
Seagate Shows Path To Over 100TB Hard Disk Drives
Hard disk drive getty At its Analyst Day event on May 23 Seagate CEO David Mosley reported that in the 12-month period ending March 28, 2025 that it had shipped 550EB of HDD storage. He also reported that 4TB Mozaic HDDs using HAMR technology had been sampled to data center customers and that qualification of these HDDs would start by next quarter with production starting by the first half of 2026. Over 50% of Seagate Exabyte shipments are expected to be on Mozaic HDDs by the second half of 2026. He also said that the company projected revenue growth into the mid-teens for the future with about a 10% expansion in gross margin and more than $4B generated free cash flow. Total data generation estimates for 2028 are 394ZB with estimates for data center storage demand at 2.4ZB by that year. As the chart below shows, Seagate expects that there will be a continued 20% cumulative annual growth rate exabyte storage growth but with revenue CAGR increasing from low double digits to the mid-teens out to 2028. Total data center storage revenue is estimated to grow from $13B in 2024 to $23B in 2028. HDD Projected EB and revenue growth Seagate Technology He talked about the value of the transition from PMR conventional HDDs to HAMR HDDs. By increasing the storage capacity per disk from 2.4TB with PMR to 4.0TB using HAMR the company can reduce HDD unit cost for a given storage capacity by 10-15% and that they would use this to reduce the number of HDD platforms the company offers its customers. There are additional disk, drive and data center advantages of the move to HAMR HDDs as indicated in the figure below. Comparision of PMR to HAMR HDDs Seagate Technology Over 1M Mozaic HDDs have been shipped with these products qualified at three major cloud service providers. The company believes that all CSPs will have qualified HAMR HDDs within the next 12 months. After the major recession in HDD and other storage and memory products in 2022 and 2023 Seagate and the other HDD companies have focused on long term contracts with major customers to avoid over production. Mosley said that 70% of the company's HDD production was built to order today. The remaining production allows the company flexibility to meet unanticipated market demand. John Morris, Seagate CTO, spoke about recent technical developments and technical advances that will lead to 100+TB HDDs in the near future. Seagate's first generation HAMR drives used third party lasers to heat the disks. The company has developed its own vertical laser integration technology, see slide image below, that bonds lasers created on one wafer to the heads created on another wafer, which should decrease costs, improve overall performance and improve production. Vertical integration of HAMR laser Seagate Technology Morris said that customer qualifications of 4TB Mozaic HDDs with storage capacities from 12-44TB will start in Q3 CY2025 with common head and media technologies and with up to 10-disk products. That implies 4.4TB capacity per disk. He presented a few slides providing a view of the Seagate technology roadmap. The slide below shows calendar year laboratory demonstrations and products and he indicated that products should follow the lab demonstrations by about 5 years. In 2024 Seagate made a laboratory demonstration of 6.5TB/disk with a demonstration of 10TB/disk expected in 2028. He also showed very preliminary data indicating the feasibility of 10TB per disk magnetic recording. The chart also indicates that 50TB+ HDDs should also be in production by 2028. He also provided a more detailed roadmap of product introductions, indicating that for a given Mozaic capacity family there will be an increasing maximum storage capacity during its production, e.g. with Mozaic 4 from 40-44TB. 80+TB HDDs are projected by 2031. Seagate HAMR platform introduction details Seagate Technology Going beyond 10TB/disk will require additional technology development into the next decade. The suggested developments to achieve more than 15TB/disk are shown in the figure below. These developments could include multilayer recording and media patterning, combined with HAMR. Seagate's path to more than 100TB HDDs Seagate Technology B. S. The, Chief Commercial Officer for Seagate said that 87% of all the data in data centers is on HDDs according to IDC. He also indicated that HDDs will remain the preferred solution for mass storage by maintaining the 6X capacity cost advantage versus SSDs as shown below and providing space, energy and cost-efficient storage for data centers. HDDs preferred for mass storage Seagate Technology He also provided an interesting comparison of DRAM, SSD and HDD costs, production, capex efficiency and embodied carbon, shown below. Comparison of DRAM, SSDs and HDDs Seagate Technology At its Analyst Day event Seagate showed how it will continue to provide the majority of digital storage in data centers with HAMR HDDs with over 100TB capacity in the next decade.
