---
schema_version: "secwatch.filing_event.v1"
accession: "0000106040-23-000032"
form_type: "8-K"
ticker: "WDC"
cik: "0000106040"
company_name: "WESTERN DIGITAL CORP"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:33:09.935679+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000106040-23-000032
- form_type: 8-K
- ticker: WDC
- cik: 0000106040
- company_name: WESTERN DIGITAL CORP
- filed_at: 2023-10-30T23:59:59+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/106040/000010604023000032/0000106040-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106040/000010604023000032/wdc-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000106040-23-000032
- JSON: https://secwatch.observer/filing/0000106040-23-000032.json
- Plain text: https://secwatch.observer/filing/0000106040-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: Expect fiscal second quarter 2024 revenue to be in the range of $2.85 billion to $3.05 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106040/000010604023000032/0000106040-23-000032-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/106040/000010604023000032/0000106040-23-000032-index.htm

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