Seagate Technology secured nearline hard disk drive (HDD) orders through the end of 2027. These contracts establish fixed pricing and configurations to meet long-term needs. Rapid growth in artificial intelligence and cloud data centers drives this demand surge.
Morgan Stanley forecasts the global HDD shortage will persist through at least 2028. Analysts project that storage demand is currently outpacing supply growth.
Seagate is scaling its Heat-Assisted Magnetic Recording (HAMR) technology to increase drive capacity. HAMR technology will likely account for the majority of the company's nearline exabyte shipments by mid-2027.