Western Digital Q1 FY2024 revenue $2.75B, GAAP EPS $(2.17), guides Q2 rev $2.85-3.05B

WESTERN DIGITAL CORP

2024-Q1 EPS reported -$2.17 revenue$2,750,000,000

Q1 revenue $2.75B, up 3% QoQ but down 26% YoY; cloud revenue fell 12% QoQ, client up 11%, consumer up 14%.
GAAP net loss $685M ($2.17 loss per share); Non-GAAP net loss $554M ($1.76 loss per share).
Includes $225M in underutilization charges in Flash and HDD; operating cash outflow $626M.
Q2 FY2024 guidance: revenue $2.85-3.05B; Non-GAAP EPS loss $(1.35) to $(1.05) including $110-130M underutilization charges.
Cash and equivalents $2.03B at quarter end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WESTERN DIGITAL CORP reported fiscal second quarter of 2024 results: revenue $2.85 - $3.05 billion, EPS $(1.35) - $(1.05). Guidance reaffirmed.

Period: fiscal second quarter of 2024
Revenue: $2.85 - $3.05 billion
EPS: $(1.35) - $(1.05)
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Expect fiscal second quarter 2024 revenue to be in the range of $2.85 billion to $3.05 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WESTERN DIGITAL CORP reported fiscal first quarter ended September 29, 2023 results: revenue $2.75 billion, net income $(685) million, EPS $(2.17).

Period: fiscal first quarter ended September 29, 2023
Revenue: $2.75 billion
Net income: $(685) million
EPS: $(2.17)
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Western Digital Reports Fiscal First Quarter 2024 Financial Results News Summary • First quarter revenue was $2.75 billion, up 3% sequentially (QoQ). Cloud revenue decreased 12% (QoQ), Client revenue increased 11% (QoQ) and Consumer revenue increased 14% (QoQ). • First quarter GAAP earnings per share

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WESTERN DIGITAL CORP filing history →

Source: SEC EDGAR

accession 0000106040-23-000032

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