Q2FY25 Financial Performance - Revenue reached $2.33 billion [6], a 7% increase QoQ and a significant 50% increase YoY [8, 15] - Non-GAAP gross margin was 35.5% [6], up approximately 220 bps sequentially, marking the seventh consecutive quarter of expansion [8] - Non-GAAP operating margin improved to 23.1% [6], a sequential increase of approximately 270 bps [8] - Non-GAAP diluted earnings per share (EPS) was $2.03 [6], at the high end of the guidance range [8] - Adjusted EBITDA increased sequentially by 19% to $591 million [8] - Free cash flow improved significantly to $150 million [8], a substantial increase from $27 million in the previous quarter [8] HDD Capacity and Technology - Total HDD capacity shipped reached 151.8 EB [7, 18] - Average capacity per drive increased to 11.6 TB [7, 18], a 9% increase QoQ [7] - Mass Capacity revenue grew for the sixth consecutive quarter, representing 93% of total HDD exabytes [13] - Nearline revenue nearly doubled year-on-year [13] Q3FY25 Guidance - Revenue is projected to be $2.10 billion ± $150 million [21] - Non-GAAP diluted earnings per share are expected to be $1.70 ± $0.20 [21]