Western Digital Q3 GAAP EPS -$1.82, Non-GAAP -$1.37; revenue $2.8B (-36% YoY)

WESTERN DIGITAL CORP

2023-Q3 EPS reported -$3.14 revenue$9,646,000,000

Revenue of $2.8B, at high end of guidance; down 10% Q/Q and 36% YoY from $4.38B.
GAAP operating loss of $472M; Non-GAAP operating loss of $304M; includes $200M underutilization charges.
GAAP EPS -$1.82, Non-GAAP EPS -$1.37; prior Q Non-GAAP -$0.42, year-ago +$1.65.
Q4 guidance: revenue $2.40–2.60B, Non-GAAP EPS -$2.20 to -$1.90; underutilization charges $220–240M.
Cloud revenue $1.2B (-32% YoY), Client $975M (-44%), Consumer $623M (-29%); all segments declined.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTERN DIGITAL CORP reported fiscal third quarter ended March 31, 2023 results: revenue $2.8 billion, net income $(572) million, EPS $(1.82). Guidance lowered.

Period: fiscal third quarter ended March 31, 2023
Revenue: $2.8 billion
Net income: $(572) million
EPS: $(1.82)
Guidance: lowered
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Western Digital Reports Fiscal Third Quarter 2023 Financial Results News Summary • Third quarter revenue was $2.8 billion, at the high end of the guidance range. • Third quarter GAAP earnings per share (EPS) was $(1.82) and Non-GAAP EPS was $(1.37), which includes $200 million of underutilization

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WESTERN DIGITAL CORP filing history →

Source: SEC EDGAR

accession 0000106040-23-000014

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