secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000106040-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital Q2 FY2024 GAAP loss per share $(0.87); revenue $3.03B, up 10% QoQ
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- Revenue $3,032M, up 10% QoQ; down 2% YoY; Cloud revenue up 23% QoQ, Client down 2%, Consumer up 15%.
- GAAP net loss $268M ($(0.87)/share); Non-GAAP net loss $210M ($(0.69)/share).
- Guidance for Q3 FY2024: revenue $3.20-$3.40B, Non-GAAP EPS $(0.10) to $0.20.
- Operating cash outflow $92M; cash and equivalents $2.48B.
- Results include $156M of underutilization-related charges in Flash and HDD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000003/0000106040-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000003/wdc-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000106040-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer