Insight Guru: Seagate AI data center demand tightens nearline hard-disk supply, fueling stock surge

• Insight Guru analysis flagged Seagate’s AI-linked rally as a storage shortage driven by cloud data center buildouts.
• Management pointed to a lead cloud customer on Oct. 22, 2024, nearly a year before the stock’s run.
• Revenue rose 49.1% in fiscal Q1 2025; nearline revenue nearly doubled in the December 2024 quarter.
• Data center revenue reached $2.9 billion of $3.6 billion in the June 2026 quarter, up 57% year over year.
• July 28, 2026 guidance targeted $4.1 billion revenue; most nearline output is committed into calendar 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Insight Guru Inc. published the original content used to generate this news brief on October 05, 2026, and is solely responsible for the information contained therein.