Seagate Technology PLC (NASDAQ:STX) delivered better-than-expected results for its second quarter, driven by robust demand for its data storage solutions. Following the announcement, the company's shares rose around 7% in pre-market today.

For the quarter, Seagate reported adjusted earnings per share of $2.03, surpassing analyst expectations of $1.87. The company posted a net income of $336 million. Revenue for the quarter reached $2.33 billion, slightly above the consensus estimate of $2.32 billion.

Looking ahead, Seagate provided third-quarter revenue guidance of $2.10 billion, with a margin of $150 million, and projected non-GAAP diluted earnings per share in the range of $1.50 to $1.90.

The company is focusing on its heat-assisted magnetic recording (HAMR) technology to cater to the growing demand for higher-capacity data storage. As cloud providers and enterprises continue to expand their data infrastructure, Seagate is banking on this cutting-edge technology to maintain its competitive edge.

During the December quarter, Seagate began ramping up production of HAMR-based Mozaic products, delivering to a major cloud customer. The company also highlighted progress in sampling drives with capacities of up to 36 terabytes, signaling a leap forward in storage innovation.