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LTO tape shipments jump 57% in Q1 2026 as AI data demands grow

The LTO Consortium, backed by HPE, IBM, and Quantum, reports that shipped capacity of LTO-compatible tape media rose 57% year-over-year in the first quarter of 2026. The surge follows a 9% dip in 2025 and comes after 2024's record 176.5 exabytes shipped, with LTO-9 tapes driving much of the latest growth. Quantum's CEO attributes the rebound to enterprises needing durable, cost-effective long-term storage as AI-driven data volumes explode.