"We continue to execute our value-based pricing strategy, balancing a stronger demand environment with our objective of supporting sustainable, profitable growth over the long term," Mosley said.
"Our volume was a little bit higher in fiscal Q4," said Gianluca Romano, chief financial officer of Seagate, during the call. "We think can be maybe a little bit of output available in fiscal Q1. Of course, we are pricing that increased output at a very good price right now."
The key advantage of Seagate's high-capacity drives based on the company's Mozaic platforms is, of course, its HAMR technology, which is gradually increasing its share within the company's nearline HDD shipments. HAMR-based products accounted for a 40% exabyte share of Seagate's nearline HDDs as of early July and are on track to account for 70% of the company's nearline exabytes shipments by early July 2027. Moreover, nearly half of Seagate's nearline capacity will rely on its 40TB-class HDDs featuring its Mozaic 4 platform.
"We expect to achieve our next ramp milestone by exiting calendar 2026 with 50% of our HAMR exabytes on our Mozaic 4 platform," Mosley said.
For the fourth quarter of its fiscal 2026 ended on July 3, Seagate earned $3.629 billion, up from $2.444 billion it earned in the same quarter a year ago. The company's gross margin totaled 52.3%, up from 37.4% in Q4 FY2025, and its net income reached $1.294 billion. The company's FY2026 revenue was $12.195 billion, up from $9.097 billion in the prior year. The net income increased more than twice year-over-year to $3.184 billion, with gross margin reaching 45.6%.
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Anton Shilov is a contributing writer at Tom\u2019s Hardware. Over the past couple of decades, he has covered everything from CPUs and GPUs to supercomputers and from modern process technologies and latest fab tools to high-tech industry trends. ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-25/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Anton Shilov Social Links Navigation Contributing Writer Anton Shilov is a contributing writer at Tom’s Hardware. Over the past couple of decades, he has covered everything from CPUs and GPUs to supercomputers and from modern process technologies and latest fab tools to high-tech industry trends.
TheWerewolf 50TB storage but from a drive maker with notorious bad hardware reliability. Also, if it's still SATA, you're talking 6Gbps transfer or ~750MB/s. A full copy at 100% speed (which never happens) is 18.5 hrs. And yeah… this drive's price will hurt a LOT. Pass. Reply
Scott_Tx The only good news is there's a small chance for cheap refurbs when they swap them out. Reply
usertests TheWerewolf said: 50TB storage but from a drive maker with notorious bad hardware reliability. Also, if it's still SATA, you're talking 6Gbps transfer or ~750MB/s. A full copy at 100% speed (which never happens) is 18.5 hrs. And yeah… this drive's price will hurt a LOT. Pass. AFAIK only specific models have poor reliability, and that's been the case at Seagate, WD, and HGST. People hear about drive failures or experience one, then continue to hate on the manufacturer until the end of time. HDDs still have lower $/GB than SSDs, and some other attributes that might matter like superior data retention. Though it would be nice if something better with a lower failure rate came to displace HDDs. Reply
USAFRet TheWerewolf said: 50TB storage but from a drive maker with notorious bad hardware reliability. That was one or two specific models over the years. Just like all the others. Or maybe you have some other stats to show us? Reply
wwenze1 usertests said: AFAIK only specific models have poor reliability, and that's been the case at Seagate, WD, and HGST. People hear about drive failures or experience one, then continue to hate on the manufacturer until the end of time. Erm https://www.backblaze.com/blog/backblaze-drive-stats-for-q1-2026/ Reply
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