The Hard Drive Maker That Quietly Turned $1,000 Into $31,680 Over Ten Years

A $1,000 investment in Seagate Technology (NASDAQ: STX) made on October 7, 2016—and held with dividends reinvested—would be worth about $31,680 today, according to the article. That’s a 3,068.01% total return over ten years for the hard drive manufacturer. The piece attributes Seagate’s shift to data-center storage: by fiscal Q3 2026, data centers accounted for 88% of exabyte shipments and 80% of revenue, with nearline capacity “almost fully allocated through calendar 2027.” It also points to Mozaic, Seagate’s heat-assisted magnetic recording platform. Company figures cited include fiscal 2026 revenue of $12.195 billion (+34.06%) and net income up 116.75%.