Seagate reports Q2 EPS adjusted 16c, consensus 10c

Reports Q2 revenue $1.887B, consensus $1.83B. "Seagate is effectively managing through a tough macroeconomic environment. In the December quarter, we delivered revenue and non-GAAP EPS slightly above our guidance midpoint and extended a decade long trend of generating positive free cash flow," said Dave Mosley, Seagate’s chief executive officer. "We are executing our industry leading product roadmap, which positions us well as the markets ultimately recover. We expect to launch our 30-plus terabyte HAMR-based product family in the June quarter enabled by 3-plus terabyte per disk densities."