Western Digital Q3: revenue $3.46B, GAAP EPS $0.34, non-GAAP EPS $0.63; Q4 guidance $3.6-3.8B revenue, $0.90-$1.20 EPS

WESTERN DIGITAL CORP

2024-Q3 EPS reported -$2.72 revenue$9,239,000,000

Q3 revenue $3.46B (+14% QoQ, +23% YoY); GAAP EPS $0.34 (vs $(0.93) Q2, $(1.82) YoY). Non-GAAP EPS $0.63.
Cloud revenue $1.55B, up 45% QoQ, driven by higher nearline shipments and improved per-unit pricing.
Q4 FY2024 guidance: revenue $3.60-3.80B, non-GAAP EPS $0.90-$1.20, gross margin 32-34% non-GAAP.
Revised prior-period financials for immaterial errors related to Flash Ventures equity method accounting.

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 third quarter ended March 29, 2024 results: revenue $3,457, net income $113, EPS $0.34. Guidance raised.

Period: fiscal third quarter ended March 29, 2024
Revenue: $3,457
Net income: $113
EPS: $0.34
Guidance: raised
Result: reported results

Exact text from the filing

Western Digital Reports Fiscal Third Quarter 2024 Financial Results Page 2 Q3 2024 Financial Highlights GAAP Non-GAAP Q3 2024 Q2 2024 Q/Q Q3 2024 Q2 2024 Q/Q Revenue ($M) $3,457 $3,032 up 14% $3,457 $3,032 up 14% Gross Margin 29.0% 16.2% up 12.8 ppt 29.3% 15.5% up 13.8 ppt Operating Expenses ($M) $728 $702 up 4% $632 $561 up 13% Operating Income (Loss)

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Source: SEC EDGAR

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