HDD Shipments Up about 6.0% Q/Q

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3Q24 HDD Industry Update

Total HDD shipments in 3Q24 were up about 6.0% compared with 2Q24 (32.1 million vs; 30.3 million). Total exabytes shipped in 3Q24 were up about 17% from 2Q24, driven by greater sales of mass storage HDDs, such as nearline drives. HDD revenues (estimated at $4.51 billion) were up about 12.1% from 2Q24. 3Q24 continued the upward trend in unit and exabyte shipments as well as revenues, that started three quarters ago.