Looking at the numbers for the quarter, Seagate is reporting revenue of nearly $3 billion, up from last quarter’s $2.8 billion and up 14% from the same time last year. The company is reporting a GAAP net income of $450 million (or $1.54 diluted earning per share), an increase of 148% year over year. For non-GAAP net income, Seagate saw $496 million (or $1.70 diluted EPS) a 77% increase in year over year. Seagate is reporting gross margin of 30.5% GAAP and 31% non-GAAP and free cash flow of $410 million, up considerably form last year’s $113 million.
Seagate Reports 1Q19 Earnings