Seagate Technology Public Limited Company provided earnings guidance for the third quarter ended March 2016. The company is planning for revenues to be approximately $2.7 billion, which reflects the high end of the seasonal demand trend, and operating expenses to be sequentially flat. The company is forecasting cash flow from operations for the March quarter to be sequentially higher at approximately $500 million. The company anticipates its non-GAAP gross margins will be sequentially flat in the March quarter.

Based on these factors and expected growth in the near line storage market, the company still expects that its gross margins will be in its target range of 27% to 32% for the June quarter.