Seagate Sets January 27 Q2 Results Date, Launches 32TB Drives as Data Center Fuels 80% Revenue
Seagate will report fiscal Q2 2026 results on January 27 and hold a 5:00 PM ET investor call. The company has rolled out 32TB Exos, SkyHawk AI and IronWolf Pro drives and derived 80% of Q1 revenues from its data-center business, driving a 242% stock surge over the past year.
1. Fiscal Second Quarter 2026 Results Announcement
Seagate Technology Holdings plc will release its fiscal second quarter 2026 financial results after U.S. market close on January 27, 2026. The company has scheduled an investment community conference call at 2:00 PM PT / 5:00 PM ET the same day, which will be webcast live via Seagate’s Investor Relations website. Investors can expect management commentary on revenue drivers, gross margin trends and capital allocation plans, following Seagate’s practice of providing detailed segment breakdowns for its mass-capacity storage business.
2. Launch of 32TB HDDs for AI Video Analytics
Seagate has expanded its enterprise and edge storage portfolio with the introduction of 32TB hard disk drives across three product lines: Exos for hyperscale data centers, SkyHawk AI for video surveillance analytics, and IronWolf Pro for high-capacity network-attached storage. These drives leverage Seagate’s latest energy-assisted magnetic recording technology to support workloads requiring up to 4.7 petabytes per rack and sustain sequential transfer rates exceeding 300 MB/s, targeting customers deploying AI-driven video analytics and cloud-based media processing.
3. Data Center Business Drives Growth
In the first quarter of fiscal 2026, Seagate’s data center segment contributed approximately 80% of total revenue, supported by robust demand for exabyte-scale storage in public cloud and enterprise colocation environments. The company reported sequential increases in average selling price per drive and improved gross margins by over 150 basis points, reflecting a favorable mix shift toward higher-capacity and energy-efficient models. Seagate’s backlog for enterprise HDDs reached record levels, with headroom for capacity expansions through ramping of heat-assisted magnetic recording production lines.
4. Stock Performance Fueled by AI and HAMR Adoption
Seagate shares have gained nearly 242% over the past 12 months, driven by accelerating AI data growth, constrained HDD supply and early adoption of HAMR technology. Market analysts highlight that Seagate now ships more than four billion terabytes of storage capacity cumulatively since inception, and is on track to increase unit shipments by mid-single digits year-over-year in fiscal 2026. Continued expansion into hybrid storage services and potential share repurchase programs are cited as additional catalysts for investor confidence.