Seagate FQ3: Data Center Growth Accelerates to 12% QoQ, Mozaic4+ Ramping

There was much to like from Seagate’s FQ3 report, with the company reporting a material acceleration in Data Center growth, with QoQ growth stepping up from 5% in FQ2 to 12% this quarter. Pricing looked to improve this quarter with Seagate confirming a mid-single digit increase in revenue per TB this quarter, while strong demand trends and the Mozaic4+ ramp present tailwinds for pricing strength into 2027.

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