secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000106040-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000020/0000106040-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000020/wdc-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000106040-24-000020

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