- Total revenue increased 12% year over year, with global product revenue up 31% and Hitachi Vantara storage revenue rising 45%
- High-end and midrange storage revenue grew 54% and 43%, respectively, while overall block revenue increased 49%
- Block revenue in the United States rose 24%, while product revenue increased 73% in Europe, the Middle East and Africa and 52% in Asia-Pacific
Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi Ltd. (TSE: 6501), today reported strong revenue growth for the first quarter of fiscal 2026, ended June 30, 2026. Total revenue increased 12% year over year, while global product revenue across Hitachi Vantara and third-party offerings grew 31%. Hitachi Vantara storage revenue rose 45%, driven by continued demand for its Virtual Storage Platform One (VSP One) portfolio as enterprises modernize mission-critical infrastructure and expand AI initiatives.
Enterprise demand for storage continues to accelerate. According to IDC, worldwide external OEM enterprise storage systems revenue grew 22.7% year over year in the first quarter of 2026, fuelled by AI infrastructure investments and deferred refresh spending. At the same time, organizations are contending with increasingly complex data environments, with recent global research finding that 55% of IT leaders believe complexity makes breach detection more difficult, while 57% say data loss would be catastrophic to their business.
VSP One Helps Enterprises Modernize Their Data Infrastructure
As enterprises scale AI, attention is increasingly shifting from the models themselves to the data infrastructure that supports them. Drawing on decades of experience supporting mission-critical data across financial services, telecommunications, manufacturing, healthcare, government and other industries, VSP One unifies block, file and object data within a common platform.
By bringing these capabilities together, VSP One helps organizations reduce infrastructure complexity, strengthen resilience and make critical data more accessible across on-premises and cloud environments.
“Every major business priority now has a data infrastructure requirement attached to it,” said Adrian Johnson, chief revenue officer, Hitachi Vantara. “As organizations expand their use of AI and modernize their most critical applications, they need infrastructure that delivers greater performance and resilience without adding another layer of complexity. Our Q1 results reflect the growing need for infrastructure that is easier to manage, keeps critical applications running and scales to support more data and workloads without requiring a major overhaul.”
Growth extended across Hitachi Vantara’s block portfolio and key regions. High-end and midrange storage revenue increased 54% and 43%, respectively, while overall block revenue grew 49%. In the United States, block revenue increased 24%. Product revenue also delivered strong growth internationally, rising 73% in Europe, the Middle East and Africa and 52% in Asia-Pacific.
VSP One Block High End Expands Support for Mission-Critical Workloads
The VSP One Block portfolio is designed to serve organizations ranging from midsize enterprises to the largest and most demanding IT environments. VSP One Block High End extends the portfolio to mission-critical applications, mainframe systems and AI workloads, enabling organizations to consolidate open systems and mainframe workloads on a common platform.
As AI environments increasingly depend on transactional and mainframe systems of record, VSP One Block High End provides the performance, availability and cyber resilience needed to operate these workloads at scale. VSP 360 adds centralized management and operational visibility, helping IT teams simplify management across the environment.
With support for up to 50 million IOPS, eight nines of availability, integrated cyber resilience capabilities and a 4:1 data reduction guarantee, VSP One Block High End is engineered to help enterprises maintain operational continuity while scaling demanding workloads. As part of the broader VSP One portfolio, it also provides a consistent approach to managing, protecting and accessing data across the enterprise.
“As organizations expand their use of AI while continuing to support mission-critical applications, they need storage infrastructure that can keep pace without increasing operational complexity,” said Scott Sinclair, practice director, Infrastructure, Cloud & DevOps, Omdia. “VSP One Block High End combines the performance, resilience and scale these workloads require in a unified platform, giving customers a practical path to modernize their data foundation while keeping complexity in check.”
Hitachi Vantara has recently received several industry awards and analyst recognitions for VSP One, including the 2026 Global Tech Award for Data Technology and the 2026 CloudX Award in the Cloud, Object and Data Storage category. The company was also named a Leader and Fast Mover in the 2026 GigaOm Radars for Object Storage and Unstructured Data Management, marking the sixth consecutive year Hitachi Vantara has earned the distinction.
For more information about Hitachi Vantara, please visit the company’s official website. Hitachi Vantara