SSDS are all well and good, but HDDS are still a must for companies that want to be large and low-cost. Seagate has started shipping a small number of 20TB hard drives, which are now very popular with customers and have increased the volume production rate in Q3.
Seagate (NYSE: Seagate) recently released its financial results for Q1 2022, which ended October 1 with combined revenue of $3.12 billion, up 35% year-over-year and 3% quarter-over-quarter. GAAP net income was $526 million, up 136% year-over-year and 9% quarter-over-quarter; Non-gaap net income was $544 million, up 125% year-over-year and 17% quarter-on-quarter.
Seagate noted a strong quarter for its mass-storage business, with revenue topping $2 billion for the first time.
Of these, 20TB drives are popular with customers, and Seagate says it is expanding capacity to meet customer demand.
Seagate's 20TB hard disk has a variety of technical routes, in addition to the traditional PMR vertical magnetic recording technology, the most important of course is the HAMR thermal magnetic assisted recording technology 20TB hard disk, mainly for large enterprise customers, including data centers and so on, because the technology is not mass production, high cost.
According to Seagate information released in September, the second generation of HAMR technology is also under development after the breakthrough of 20TB of hard drives, which is expected to reach 30TB capacity. It is expected to reach 50TB capacity by 2025, and the goal is to achieve 100TB capacity by 2030.