---
schema_version: "secwatch.filing_event.v1"
accession: "0000106040-23-000014"
form_type: "8-K"
ticker: "WDC"
cik: "0000106040"
company_name: "WESTERN DIGITAL CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:01:07.047959+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000106040-23-000014
- form_type: 8-K
- ticker: WDC
- cik: 0000106040
- company_name: WESTERN DIGITAL CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106040/000010604023000014/0000106040-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106040/000010604023000014/wdc-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000106040-23-000014
- JSON: https://secwatch.observer/filing/0000106040-23-000014.json
- Plain text: https://secwatch.observer/filing/0000106040-23-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/106040/000010604023000014/0000106040-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.