Seagate shipped about 47 million HDDs last quarter, of which Samsung contributed about 700,000, total revenue is currently estimated at 3.1-3.2 billion U.S. dollars, gross margin is expected to be at least 30.5% before determining the impact of the acquisition of Samsung, and the operating cost is 390 million. Dollars.
Seagateâ€™s HDD shipments during the previous quarter were 51 million. It seems that the impact of the flood in Thailand is not too obvious, but Western Digital may be so fortunate that Seagate should be able to temporarily regain its first place.
As of the second quarter, Seagateâ€™s total cash, cash equivalents, and marketable securities totaled more than US$2.1 billion.
Seagate CEO and chairman of the board of directors Steve Luczo said that the financial results of the second quarter were higher than expected, especially in the case of the floods in Thailand and the severely damaged supply chain, the average capacity of the shipped hard drives still rose to a new record of 635GB. Everyone is also working hard to help the industry recover from the huge damage caused by the floods in Thailand.
Seagate expects third-quarter hard drive shipments will increase, with revenue estimated at US$4.25 billion, gross margin at least 33%, and operating expenses of US$415 million.
Seagate will release a complete financial report on the 31st of this month.
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