Seagate Technology will report its fiscal second quarter 2026 financial results on January 27, 2026, after the U.S. market close. The company has scheduled a conference call for investors at 2:00 PM PT / 5:00 PM ET, with a simultaneous live audio webcast available on its Investor Relations website. This marks Seagate’s first earnings release under its new strategic emphasis on high-capacity hard disk drives and enterprise storage solutions, following more than 45 years of market leadership and shipments totalling over four billion terabytes of data capacity.

Seagate has officially rolled out its 32TB hard disk drives across three key product lines—Exos, SkyHawk AI and IronWolf Pro—targeting edge-to-cloud AI video analytics applications. The Exos series is optimized for hyperscale data centers, SkyHawk AI is designed for multi-stream video processing in surveillance systems, and IronWolf Pro supports high-density NAS deployments. By leveraging Seagate’s heat-assisted magnetic recording technology, the new drives deliver a 14% capacity improvement over previous 28TB models, addressing surging data retention needs in AI workloads.

In the first quarter of fiscal 2026, Seagate’s data center segment accounted for approximately 80% of total revenue, driven by strong demand for high-capacity HDDs in public cloud environments. The company reported an exabyte shipment increase of over 30% year-over-year, contributing to a sequential uptick in gross margin to mid-teens levels. Management cited expanding deployments of hyperscale storage arrays and tighter industry supply as key factors bolstering both top-line growth and margin expansion.

Seagate’s shares have climbed nearly 242% over the past 12 months, propelled by accelerating AI-driven storage demand, constrained HDD supply, and the ramp of heat-assisted magnetic recording in high-capacity drives. Analysts note that the company’s drive capacity shipments are on track to exceed 1.5 exabytes per quarter by mid-2026, while ongoing capital investments in next-generation manufacturing are expected to support a sustained supply-demand imbalance. Investors will be watching Seagate’s ability to maintain pricing discipline as adoption of 32TB and higher-capacity products intensifies.