secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000106040-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/0000106040-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604023000020/wdc-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000106040-23-000020

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