# Who are Seagate Technology's customers? Who does Seagate Technology earn revenue from?
Canonical: https://valuechain.wiki/seagate · Facet: customers · Updated: 2026-07-12T04:16:26.355926+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Seagate Technology's confirmed revenue counterparties include 아마존, 마이크로소프트 plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).

### 하이퍼스케일러 (니어라인 클라우드) (high)
- note: Nearline HDDs to hyperscalers (91% of mass capacity, 137EB).
- [confirms] AlphaStreet (EN, research, published 2026-01-01) https://news.alphastreet.com/seagate-stx-has-an-ai-storage-capacity-story-bigger-than-the-old-pc-drive-label/: "Nearline HDDs to hyperscalers (91% of mass capacity, 137EB)."
- [confirms] Blocks and Files (EN, news, published 2025-07-30) https://blocksandfiles.com/2025/07/30/seagate-q4-2025/: "Nearline HDDs to hyperscalers (91% of mass capacity, 137EB)."
- [confirms] Seagate (EN, filing, published 2025-07-29) https://investors.seagate.com/: "Seagate IR: nearline Q4 2025 +30%, 2026 sold out."

### 아마존 (mid)  → /amazon.md
- note: Supplies mass-capacity nearline HDDs to cloud like AWS — with nearline at 91% of mass-capacity exabytes, Amazon-scale hyperscaler demand is the center of Seagate's revenue.
- [confirms] VDURA (EN, research, published 2026-05-04) https://www.vdura.com/2026/05/04/hyperscaler-hdd-demand/: "Mass-capacity nearline HDDs to cloud like AWS."

### 마이크로소프트 (mid)  → /microsoft.md
- note: Supplies HAMR-qualified nearline HDDs to hyperscalers like Microsoft — AI-data accumulation flows into high-capacity drive demand, so hyperscaler qualification (3 of 8) is the gateway to volume visibility.
- [confirms] AlphaStreet (EN, research, published 2026-01-01) https://news.alphastreet.com/seagate-stx-has-an-ai-storage-capacity-story-bigger-than-the-old-pc-drive-label/: "Nearline HDDs to hyperscalers like Microsoft (HAMR qualified)."
- [confirms] Blocks and Files (EN, news, published 2025-07-30) https://blocksandfiles.com/2025/07/30/seagate-q4-2025/: "Nearline HDDs to hyperscalers like Microsoft (HAMR qualified)."

Reverse side: https://valuechain.wiki/seagate/suppliers.md · Ripple: https://valuechain.wiki/seagate/ripple.md

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Full node: https://valuechain.wiki/seagate.md · JSON: https://valuechain.wiki/seagate.json