Seagate recently reported q2 results for the fiscal year ended Jan. 3, with revenue of $2.696 billion, down 0.7 percent from a year earlier, up 4.6 percent from a year earlier, and net profit of $318 million, down 17 percent from the same period last year and up 59 percent from the same period last year. Unlike Western Digital, Seagate’s main revenue is HDD drives. HDD hard drive business contributed $2.482 billion in revenue in the last quarter, while products such as SSD contributed only $215 million in revenue, a little change over the past year.
Without the flash supply, Seagate doesn’t seem to have much interest in the SSD hard drive business, but has been strengthening HDD drives.
Seagate HDD hard drive business is divided into traditional and large capacity two parts, of which the traditional refers to 2.5 inch hard disk, large capacity is the main 3.5 inch hard disk, Q2 q2 in the shipment of high-capacity hard disk capacity of 71.3EB, the average capacity of 6.4TB, the total capacity of traditional hard disk 35.6EB, the average capacity of 1.6TB.
Seagate also stopped announcing the number of HDD drives shipped, but from a total capacity of 106.9 exabytes and an average capacity of 3.3TB, the number of HDD drives shipped in the quarter was about 32.4 million, down 15% year-on-year and down 9% from the previous quarter .
It’s worth noting that Seagate mentioned that more than 1 million of their 16TB of ultra-large-capacity hard drives shipped, more than tripling in revenue, and that’s what supports Seagate’s growth.
At the same time as Western Digital, Seagate’s 18TB and 20TB hard drives have already been sold to customers, but the official launch should be the same year, pending Seagate’s official announcement of the final launch date.