secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000106040-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604023000014/0000106040-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604023000014/wdc-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000106040-23-000014

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