C3Q 2024 HDD Industry Update

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Hdd News

Hard Disk Drive,Seagate,Western Digital

I am the President of Coughlin Associates and a storage analyst and consultant. I have over 40 years in the data storage industry with multiple engineering and management positions. I have many publications and six patents to my credit.

Total HDD shipments in C3Q 2024 were up about 6.0% compared with C2Q 2024 . Total exabytes shipped in C3Q 2024 were up about 17% from C2Q 2024, driven by greater sales of mass storage HDDs, such as nearline drives. HDD revenues were up about 12.1% from the prior quarter. This quarter continued the upward trend in unit and exabyte shipments as well as revenues, that started three quarters ago.

Western Digital reported that their total HDD EB shipments increased by 14% from the prior quarter and that they had shipped 141EB of nearline storage. They also said that they shipped 2.3M client compute units, consumer shipped units were 1.9M and data center were 9.0M. That means the average capacity of their nearline HDDs was about 15.7TB. The company’s ASP was $164 . Total HDD revenue was $2.211B. Cloud storage was about 53% of the company’s revenue in this quarter .

 

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