Seagate Technology PLC
- Industry
- AI Storage
- Exchange
- US
- Country
- USA
- IPO date
- Dec 11, 2002
- Employees
- 30,000
- Website
- www.seagate.com
Composite valuation range · conservative $50–$70 / fair $95–$140 / optimistic $180–$260. At $816.99, Above the optimistic ceiling · future growth overdrawn.
At publication $733.35 (May 20, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
History
Seagate Technology was founded in 1978 and is headquartered in Singapore, providing data storage technology and infrastructure solutions across Singapore, the United States, the Netherlands, and internationally. The company completed an IPO on December 11, 2002. It offers mass capacity storage products such as enterprise nearline HDDs, SSDs, and systems, video and image HDDs, and network-attached storage drives, alongside external storage under the Seagate Ultra Touch, One Touch, Expansion, and Basics lines and the LaCie brand, desktop and notebook drives, and the Lyve edge-to-cloud platform. It employs around 30,000 people and sells primarily to original equipment manufacturers, distributors, and retailers.
Industry position
Seagate operates in a highly concentrated, near-oligopolistic HDD industry; based on a 2025 industry update, global HDD unit shipment share was roughly Western Digital 42.3%, Seagate 40.8%, and Toshiba 17%, with its main competitors being Western Digital and Toshiba. By the nine-month FY2026 Q3 measure, Data Center accounted for 80% of revenue and Edge IoT 20%, with total HDD shipments of 570.9 EB including 499.7 EB of nearline HDDs. In March 2026 the company announced that its 44TB Mozaic 4+ HAMR drives had begun mass-production shipments to two leading hyperscale cloud customers.