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    Seagate Technology
    Computer storage media

    Seagate Technology

    United States flagUnited States

    "Mass-capacity data storage leader powering the AI era"

    Founded 1979 Fremont, California
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    About

    Seagate Technology Holdings plc has spent over four decades building the world's digital backbone. Founded in 1978 as Shugart Technology by Alan Shugart and Finis Conner, the company shipped its first drive, the ST-506, in 1980. That 5.25-inch hard disk drive, with a then-roomy 5 megabytes, caught the eye of IBM, which chose it for the IBM XT in 1983. The decision helped ignite the microcomputer boom and put Seagate on the map.

    Since then, Seagate has grown through a series of strategic moves. It absorbed Control Data's Imprimis division in 1989, Conner Peripherals in 1996, Maxtor in 2006, and Samsung's HDD business in 2011. Today, the company is incorporated in Dublin, Ireland, with operational headquarters in Fremont, California. It employs tens of thousands of people worldwide and has delivered more than four and a half billion terabytes of storage capacity over its history.

    Seagate's product line spans hard disk drives and solid-state drives for personal computers, enterprise data centers, and everything in between. The company's big bet is on heat-assisted magnetic recording (HAMR), a technology that uses a laser to write data at higher densities. HAMR is already shipping in volume and has enabled drives with capacities that seemed impossible a decade ago. The company plans to launch 50TB HAMR drives in 2027, a move that could reshape the economics of mass storage.

    Products & Sub-brands

    Hard disk drives (HDDs)Solid-state drives (SSDs)HAMR technologyExos enterprise drivesIronWolf NAS drivesBarracuda consumer drivesFireCuda gaming drivesLaCie external storage

    Frequently Asked Questions

    Who owns Seagate Technology?
    Seagate Technology Holdings plc is a publicly traded company listed on NASDAQ under the ticker STX. It is owned by its shareholders, with institutional investors holding the majority of shares. The company is incorporated in Dublin, Ireland, with operational headquarters in Fremont, California.
    Who is the CEO of Seagate?
    Seagate's leadership has evolved beyond the previously listed CEO Stephen J. Luczo. The current executive team has been guiding the company through its AI-driven growth phase, delivering record earnings and advancing HAMR technology development.
    How much is Seagate worth?
    Seagate's market valuation has surged following its blowout fiscal Q4 2026 earnings. The company reported net income of $1.29 billion for the quarter, and analysts have raised price targets to as high as $1,624 per share, reflecting strong market confidence in the company's AI-driven growth trajectory.
    Seagate vs Western Digital: which is better?
    Both Seagate and Western Digital are the dominant players in the HDD market. Seagate has gained a competitive edge with its HAMR technology, which is delivering faster than expected and enabling higher-capacity drives, including planned 50TB models by 2027. The choice often depends on specific use cases, with Seagate leading in enterprise mass-capacity storage innovation.
    Is Seagate still in business?
    Yes, Seagate is not only still in business but experiencing a major growth phase. The company recently reported blowout earnings driven by AI demand, saw its stock rally double-digits, and announced plans to launch 50TB HAMR hard drives in 2027. Seagate has delivered more than four and a half billion terabytes of storage capacity over its four-decade history.

    Keywords

    Seagatehard disk driveHDDsolid-state driveSSDHAMRdata storageAI infrastructure

    Sources

    Company Info

    Founded
    1979
    Founder
    Alan Shugart
    Headquarters
    Fremont, California
    Industry
    Computer storage media
    Incorporated
    Dublin, Ireland
    Ticker
    NASDAQ: STX

    Official Website

    www.seagate.com

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