---
schema_version: "secwatch.filing_event.v1"
accession: "0000106040-23-000020"
form_type: "8-K"
ticker: "WDC"
cik: "0000106040"
company_name: "WESTERN DIGITAL CORP"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:42:55.807346+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Western Digital reports Q4 loss: GAAP EPS -$2.27, revenue $2.67B; Q1 guidance weak; President Sivaram leaves

## Summary
- Q4 FY2023 GAAP EPS -$2.27, non-GAAP -$1.98; revenue $2.67B down 41% YoY and 5% QoQ.
- FY2023 GAAP EPS -$5.44, non-GAAP -$3.59; revenue $12.3B down 34% YoY.
- Cloud revenue $994M down 18% QoQ; Client up 6% and Consumer up 3% sequentially.
- Q1 FY2024 guidance: revenue $2.55-2.75B, non-GAAP EPS -$2.10 to -$1.80, with $200-220M underutilization charges.
- President, Technology and Strategy Srinivasan Sivaram departing for another opportunity.

## SEC filing metadata
- accession: 0000106040-23-000020
- form_type: 8-K
- ticker: WDC
- cik: 0000106040
- company_name: WESTERN DIGITAL CORP
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/0000106040-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/wdc-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000106040-23-000020
- JSON: https://secwatch.observer/filing/0000106040-23-000020.json
- Plain text: https://secwatch.observer/filing/0000106040-23-000020.txt

## Key facts
- Earnings Releases
  WESTERN DIGITAL CORP updated its fiscal fourth quarter and year ended June 30, 2023 guidance (reaffirmed).
  - Period: fiscal fourth quarter and year ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On July 31, 2023, Western Digital Corporation (the “Company”) announced financial results for the fiscal fourth quarter and year ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/0000106040-23-000020-index.htm
- Executive change
  Srinivasan Sivaram departed as President, Technology and Strategy at WESTERN DIGITAL CORP.
  - Action: leaving
  - Role: President, Technology and Strategy
  source text: On July 31, 2023, the Company announced that Srinivasan Sivaram, the Company’s President, Technology and Strategy, is leaving the Company to pursue another opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/0000106040-23-000020-index.htm

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