Revenue Performance:
- Revenue: $2.16 billion, YoY +31%, QoQ -7%
- Gross Profit: $760 million, YoY +77.57%, QoQ -6.4%
- Operating Income: $431 million, YoY +179.87%, QoQ -11.68%
- Net Income: $340 million, YoY +1,260.00%, QoQ +1.19%
- Non-GAAP EPS: $1.90, YoY +1,236.48%, QoQ +1.50%
Profitability Ratios:
- Gross Margin: 36.2%
- Operating Margin: 20%
- Net Margin: 15.7%
Cash Flow Metrics:
- Cash provided by operating activities: $259 million
- Free Cash Flow: $216 million
Compared to key competitors such as NetApp and Western Digital, Seagate's gross margin and operating efficiency demonstrate a robust positioning in the market, particularly highlighted by its growth in high-capacity drives.