Western Digital Corporation announced unaudited consolidated earnings results for the second quarter and first six months ended January 1, 2016. For the quarter, the company announced revenue, net of $3,317 million compared to $3,888 million for the same period a year ago. Operating income was $251 million compared to $466 million for the same period a year ago. Income before income taxes was $244 million compared to $458 million for the same period a year ago. Net income was $251 million compared to $438 million for the same period a year ago. Diluted income per common share, were $1.07 compared to $1.84 for the same period a year ago. Net cash provided by operating activities was $598 million compared to $243 million for the same period a year ago. Purchases of property, plant and equipment was $149 million compared to $146 million for the same period a year ago. Non-GAAP net income was $374 million compared to $539 million for the same period a year ago. Non-GAAP diluted net income per common share, were $1.60 compared to $2.26 for the same period a year ago. Free cash flow was $449 million compared to $97 million for the same period a year ago. EBITDA was $503 million compared to $756 million for the same period a year ago. Non-GAAP pre-tax income was $395 million compared to $559 million for the same period a year ago.

For the six months, the company announced revenue, net of $6,677 million compared to $7,831 million for the same period a year ago. Operating income was $573 million compared to $935 million for the same period a year ago. Income before income taxes was $558 million compared to $918 million for the same period a year ago. Net income was $534 million compared to $861 million for the same period a year ago. Diluted income per common share, were $2.28 compared to $3.60 for the same period a year ago. Net cash provided by operating activities was $1,143 million compared to $1,070 million for the same period a year ago. Purchases of property, plant and equipment was $300 million compared to $306 million for the same period a year ago. Non-GAAP net income was $740 million compared to $1,043 million for the same period a year ago. Non-GAAP diluted net income per common share, were $3.16 compared to $4.36 for the same period a year ago. Free cash flow was $843 million compared to $764 million for the same period a year ago.

The company provided earnings guidance for the third quarter ending March 2016. For the quarter, the company expects revenue to be in the range of $2.8 billion to $2.9 billion. On a non-GAAP basis, the company expects gross margin percentage to be up from its December quarter, operating expenses of approximately $500 million, the company estimates non-GAAP earnings per share between $1.20 and $1.30.