Seagate Technology Holdings plc has unveiled its strategic plans to build long-term value and drive growth at its 2025 Investor and Analyst Event. The data storage company shared updates on its technology roadmap, financial targets through FY2028, and a renewed focus on shareholder returns.
Technology-led roadmap to support industry growth
Speaking at the event, Seagate’s Chief Executive Officer, Dave Mosley, emphasised the rising demand for mass-capacity storage driven by technology innovation and artificial intelligence. He highlighted how Seagate is uniquely positioned to address these industry shifts with its Mozaic product line, which incorporates the company’s market-first HAMR (Heat-Assisted Magnetic Recording) technology.
“Technology innovation and AI are fuelling exponential data growth and driving demand for the hard drive storage industry. Seagate today is uniquely positioned to capture this opportunity with our Mozaic portfolio powered by market-leading HAMR technology,” said Mosley. “Our differentiated portfolio addresses critical data centre challenges, including cost, scale and sustainability, enabling us to deliver storage solutions for customers from cloud to edge.”
The company shared its vision for a product roadmap that extends from its current Mozaic drives with more than 3TB per disk, to future versions exceeding 10TB per disk. This progression marks a significant step in its commitment to developing storage technologies that can meet both present and future data needs.
Financial goals and operational progress
Seagate also revealed updated financial targets stretching to FY2028. These targets reflect the expected impact of widespread adoption of its HAMR technology and the operational improvements it has made in recent years.
Since its last Investor and Analyst Event in 2021, the company has focused on strengthening its business fundamentals. Efforts included enhancing demand visibility, maintaining disciplined supply practices, improving product mix, and streamlining its cost structure.
Mosley noted, “We are a stronger company today thanks to the dedicated efforts of our global team. This is an incredibly exciting time at Seagate, and we are confident we have the right technology and strategy to lead the next era of storage in today’s data-driven world, while delivering enhanced value to shareholders.”
Strengthened commitment to shareholder returns
To further demonstrate its confidence in the company’s direction, Seagate announced that its Board of Directors has authorised an increase in its share repurchase programme to US$5 billion. This expanded authorisation highlights Seagate’s continued focus on shareholder value.
The company confirmed that the repurchase authorisation does not carry a fixed expiry date. Any future repurchases will depend on several factors including financial performance, available cash, capital requirements, and overall market conditions.
The announcement underscores Seagate’s belief in its long-term strategy and its ability to generate consistent returns amid a rapidly evolving digital landscape.
