Seagate energy group

Does Seagate have a sustainable future?

The report describes Seagate’s yearly progress towards meeting the company’s goals to power its global footprint with 100% renewable energy by 2030 and to achieve carbon neutrality by 2040. These goals were pledged last year in support of its commitment to a sustainable, inclusive, and ethical datasphere.

Who is Seagate Technology plc?

Seagate Technology PLC is a data storage company first founded in 1978 in the USA as Shugart Technology. The company was incorporated in the year 2010 in Dublin, Ireland, and headquartered in Cupertino, California. In 1980, Seagate was the first company to develop the 5.25-inch HDD (Hard Disk Drive).

Who is Seagate development group?

Seagate Development Group is a full service residential and commercial real estate development and construction company. Seagate was formed at the confluence of ingenuity and experience, bringing together the expertise and desire to deliver the highest quality product and a customer experience that exceeds all standards in the industry.

Where is Seagate headquartered?

Data storage company Seagate Technology, incorporated in the Republic of Ireland with executive offices in Cupertino, acquired the former Solyndra building, which serves as Seagate's headquarters since 2020.

What does Seagate Technology do?

Seagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity.

Is Seagate a profitable company?

Seagate has also seen its profitability improve lately. Its operating margin fell from 14% in 2021 to 1% in 2023, but recovered to 6% in 2024. Going forward, operating margin is expected to improve further. We expect Seagate’s revenue to rise at an average annual rate of around 21% from $6.6 billion in 2024 to $11.3 billion in 2027.