Q3 retained profits of Seagate increase by 149%, and HDD hard disk shipment also increased
As the Q3 financial report released by Western Digital at the end of last month, the revenue of NAND business finally exceeds HDD business. However, the gross margin of NAND slides due to hard haggle. Compared with Western Digital, Seagete is still focus on HDD. According to its Q1 report of 2019, HDD occupies $2.8 billion earnings of $2.991 billion, which increases 14% than same month of last year. The capacity of hard disk shipment reaches 98.8EB, with a 41% increase than a year ago. And the net profit is $4.5 hundred million, with a 149% surge than a year earlier.
Up to the first quarter on September 28 in fiscal 2019, Western Digital revenue is $2.991 billion, which increased 14% than the same month of last year and increased 5.5% from previous month. Its gross margin approaches 30.5% and net profit is $4.5 hundred million, with a 149% surge. Looking at financial data, although the revenue scale of Western Digital is far more larger than Seagate, Seagate’s situation in season is better than Western Digital, and its gross profit is fair and revenue holds steady. Meanwhile, Western Digital’s revenue approaches $50.3 hundred million with net profit is only $5.11 hundred million.