AI storage boom is keeping Seagate's hard drives spinning

{
  "signal_id": "a28d1a3f-6847-08c9-e20d-ee979393f082",
  "signal_type": "news",
  "signal_subtype": "has_revenue",
  "detected_at": "2026-07-29T13:17:00+00:00",
  "company": {
    "name": "Seagate",
    "domain": "seagate.com"
  },
  "data": {
    "url": "https://www.theregister.com/storage/2026/07/29/ai-storage-boom-is-keeping-seagates-hard-drives-spinning/5280437",
    "title": "AI storage boom is keeping Seagate's hard drives spinning",
    "excerpt": "STORAGE Cloud operators have already claimed most of its nearline capacity through 2028 The AI infrastructure boom isn't just eating all the memory – it's also driving demand for storage, giving high-capacity hard drives a new lease of life, according to Seagate. The storage veteran says cloud operators are buying ever more mass-capacity hardware as AI applications generate and retain growing volumes of data. \"Datacenter demand now represents approximately 90 percent of our exabyte shipments,\" chairman and CEO Dave Mosley told analysts during a call to discuss Seagate's Q4 and full-year results. \"Based on the long-term supply agreements in place today, the vast majority of our nearline exabytes are now allocated into calendar 2028,\" he said. Back in February, Seagate warned that its production capacity of nearline drives was fully allocated for this year, and it had started accepting orders for 2027. \"Importantly, we are not seeing customers pull back on planning horizons,\" Mosley added, suggesting hyperscalers remain keen to reserve hard drive capacity years in advance. AI agents that carry out tasks with varying degrees of autonomy are the latest source of demand for nearline drives – at least according to Seagate's CEO. \"With the transition from AI model training to inference to agentic applications, more data is generated and retained for historical context, compliance and...",
    "summary": "Seagate reported full-year revenue of $12.2 billion, a 34 percent increase from $9.1 billion the previous year.",
    "planning": false,
    "image_url": "https://image.theregister.com/5280469.jpg?imageId=5280469&x=0&y=0&cropw=100&croph=100&panox=0&panoy=0&panow=100&panoh=100&width=1200&height=683",
    "confidence": 0.95,
    "published_at": "2026-07-29T13:17:00Z",
    "article_sentence": "All the same, demand for capacity helped lift Seagate's full-year revenue by 34 percent from $9.1 billion to $12.2 billion.",
    "amount_normalized": 12200000000
  }
}

curl https://signals.autobound.ai/v1/signals/a28d1a3f-6847-08c9-e20d-ee979393f082 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"seagate.com","limit":20}'