Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?

STX closed fiscal 2026 with 34% revenue growth, powered by cloud demand and AI adoption, with 90% of exabyte shipments going to data centers. The company expects fiscal 2027 revenue growth to exceed fiscal 2026 levels, signaling confidence in sustained AI infrastructure build-out.

WDC reported 36% revenue growth for fiscal 2026, with fourth-quarter growth accelerating to 44%, driven primarily by cloud services. MU is also capitalizing on AI-driven memory and storage demand, posting record results and securing strong customer agreements.

The convergence points to persistent enterprise and hyperscaler appetite for storage capacity as AI workloads scale. STX's data center concentration—90% of exabyte shipments—underscores its exposure to large-scale infrastructure projects, while WDC's accelerating quarterly momentum suggests demand may be intensifying rather than plateauing.