Full-Time
Posted on 5/16/2026
Manufactures storage hardware and cloud services
$74.6k - $106.7k/yr
Shakopee, MN, USA + 1 more
More locations: Longmont, CO, USA
In Person
Master's
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Seagate Technology creates and sells data storage solutions for individuals and businesses. Its products include hard drives, solid-state drives, and external drives, plus cloud storage services like Lyve Cloud. How it works: storage devices physically hold data on magnetic or solid-state media, while Lyve Cloud provides scalable, multi-cloud cloud storage that lets organizations store large volumes of data and access it over the internet. How it stands out: Seagate combines a long history of shipping storage hardware with a broad product line and a cloud storage option designed for multicloud environments, offering reliability and scalable capacity for diverse needs from gaming to enterprise data management. The company’s goal is to help people and organizations store and manage data efficiently, enabling data-intensive applications and easy data access across different platforms.
Company Size
10,001+
Company Stage
IPO
Headquarters
Fremont, California
Founded
1979
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Health Insurance
Dental Insurance
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Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Sick Leave
Paid Holidays
Paid Parental Leave
401(k) Retirement Plan
Employee Stock Purchase Plan
Jim Cramer believes four memory chip stocks — Micron, SanDisk, Seagate, and Western Digital — can sustain their rallies despite substantial 2026 gains. The Mad Money host argues these companies have escaped their traditional boom-bust cycles due to persistent AI data centre-driven memory shortages. Micron has gained 242% this year, with gross margin jumping from 39% to 85% year over year. SanDisk leads with a 631% increase, whilst Seagate and Western Digital rose 252% and 202% respectively. Three firms authorised large buybacks: SanDisk at $15.5 billion, Seagate at $5 billion, and Western Digital at $4 billion. Multiyear supply agreements totalling $93.9 billion across eight clients support their improved margins. Cramer acknowledges risks, including potential Samsung capacity increases flooding the market.
Seagate Technology Holdings has seen its shares surge 926% over the past five years, driven by AI-fueled demand for data centre storage. The company's high-capacity hard disk drives offer cost-efficient storage solutions. For fiscal year 2026, Seagate's revenues jumped 34% year over year to $12.2 billion. Strong demand helped expand gross margins to 45.6% from 35.2% in the prior year. The company generated $3.1 billion in free cash flow and reduced debt by $1.4 billion to $3.6 billion. Revenues are expected to reach $4.1 billion in the fiscal first quarter of 2027. Recent gains have been more subdued, with shares up only 15.6% over the past three months, as investors worry about cyclical storage demand and potential technology displacement.
Seagate Technology Holdings has seen its shares surge 217.5% this year, vastly outperforming Nvidia's 19.8% gain. The hard disk drive manufacturer is benefiting from AI-driven data storage demand, which has boosted pricing and margins. In fiscal year 2026, Seagate's gross margin expanded to 45.6% from 35.2% year-over-year, whilst revenue grew roughly 34% to $12.2 billion. Fourth-quarter revenue jumped approximately 49% year-over-year to $3.63 billion. The company projects first-quarter fiscal 2027 revenue of $4.1 billion and non-GAAP earnings per share of $7.30, up from $5.71 in the previous quarter. Seagate generated $3.1 billion in free cash flow during fiscal 2026 and reduced its debt burden by $1.4 billion to $3.6 billion.
Seagate's Melyssa Banda recognized in Inc. Arabia's Women of Influence 2026. Melyssa Banda, Senior Vice President of Edge Storage and Services at Seagate Technology, has been recognized on Inc. Arabia's Women of Influence 2026 list, celebrating 60 exceptional women who are shaping the future of business, technology, and innovation across the Middle East and North Africa. The recognition highlights Banda's leadership in advancing edge storage technologies, driving product innovation, and leading business transformation in an increasingly data-driven digital economy. As Senior Vice President of Edge Storage and Services at Seagate Technology, Banda leads global teams responsible for delivering advanced storage solutions that help organizations manage, protect, and access data from the edge to the cloud. Her leadership spans business strategy, product innovation, customer engagement, and operational excellence, supporting enterprises as they navigate evolving technology demands. With more than a decade of executive leadership experience, Banda has played a key role in accelerating business growth while transforming multiple business units across Seagate. Throughout her tenure, she has held several senior leadership positions, including Vice President of Global Distribution, Vice President of Lyve Services, and Vice President of Seagate Storage Solutions, consistently driving innovation and expanding the company's global capabilities. Her work has focused on developing scalable storage and cloud-enabled solutions that empower businesses to unlock greater value from their data while supporting digital transformation initiatives across industries. Beyond technology innovation, Banda is recognized for her people-first leadership approach, championing collaboration, talent development, and organizational growth. She has consistently emphasized creating opportunities for teams to innovate, develop, and deliver meaningful business outcomes in an increasingly connected world. Her inclusion in Inc. Arabia's Women of Influence 2026 reflects the growing impact of female executives who continue to shape the future of technology through visionary leadership, operational excellence, and customer-focused innovation. As organizations increasingly rely on intelligent data infrastructure and edge computing to power the next generation of digital services, leaders like Melyssa Banda continue to play a critical role in driving technological progress while inspiring the next generation of women in leadership. Congratulations to Melyssa Banda on this well-deserved recognition.
Jim Cramer praised Seagate Technology Holdings' fiscal fourth quarter earnings in late July, though he questioned management's repeated assertions about sustained demand during the earnings call. The data storage company reported fiscal Q4 revenue of $3.6 billion, marking 48.5% annual growth, whilst margins expanded to 52.7% from 37.9% the previous year. Seagate's shares have surged 447% over the past year and 181% year-to-date. However, debate continues about whether the AI-driven demand boom is sustainable or cyclical. Bears warn that future growth may already be priced in and question the company's reliance on upcoming HAMR products. Hedge fund ownership increased from 74 to 93 funds between Q4 2025 and Q1 2026.