GRIPS CUSTOMERS & RESEARCH PARTNERS
According to in-store data from Grips Intelligence, Seagate generated the majority of its revenue through Best Buy, which accounted for a dominant 77.2% revenue share during Q1 2026 (January–March), followed by Newegg at 17.4% and Amazon at just 5.4% across tracked retailers. The brand's average product price stood at $125.47 for the quarter, though pricing trended upward with an overall 18.8% increase during the period. Seagate's product range varied significantly by retailer, with Newegg featuring enterprise-grade drives like the IronWolf Pro 28TB priced at $666.96 and the Nytro 3031 SSD at $4,499.10. Despite the rising average prices, Seagate's overall revenue declined 19.4% over the quarter, suggesting shifting demand dynamics in the storage market. Best Buy's outsized share highlights the retailer's critical role as Seagate's primary sales channel for in-store consumer and prosumer storage solutions.
OVER TIME
Over the last three months, revenue on tracked retailers has declined by 19% from Jan to Mar.
OVER TIME
Over the last three months, average selling price on tracked retailers has increased by 19% from Jan to Mar.
REVENUE SHARE
Revenue distribution across product categories for Seagate on Best Buy.
REVENUE SHARE
Revenue distribution across tracked retailers for Seagate.
BY REVENUE
$666.96
Price
$44K
Revenue
$301.12
Price
$30K
Revenue
$499.99
Price
$20K
Revenue
$4,499.10
Price
$18K
Revenue
$103.70
Price
$11K
Revenue
