Seagate sees storage upcycle as deals lock supply through 2028

Seagate told investors it is "still in the early days of a multi-year growth phase" for mass-capacity storage, with demand visibility extending beyond 2030 and most nearline HDD output already committed for the next two years.

• Seagate calls the current period the start of a multi-year mass-capacity storage upcycle
• Demand visibility extends beyond 2030
• Most nearline HDD output is locked up by long-term deals through 2028