Seagate has unveiled its financial performance for the second quarter of fiscal year 2026, disclosing revenue amounting to $2.825 billion (roughly equivalent to RMB 19.68 billion). This figure marks a substantial 21.5% year-on-year surge and a 7.5% increase from the previous quarter. During the December quarter, the company's GAAP gross margin stood at 41.6%, while its Non-GAAP gross margin reached 42.2%. Additionally, the GAAP operating profit margin was 29.8%, and the Non-GAAP operating profit margin climbed to 31.9%.

Seagate has completely exhausted its nearline mechanical hard drive production capacity for the current calendar year. Looking ahead, it expects to commence accepting orders for the first half of 2027 in the upcoming months. In the preceding quarter, the average storage capacity of nearline mechanical hard drives witnessed a 22% uptick. The cutting-edge HAMR platform, Mozaic 4, is set to commence mass production later this quarter. Furthermore, it is projected to secure certification from numerous cloud service providers in the months ahead. Seagate foresees that the robust demand for mechanical hard drives will persist for an extended duration.