secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000106040-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital Q4 revenue $3.76B, up 41% YoY; guides Q1 rev $4.0-4.2B, Non-GAAP EPS $1.55-1.85
--------------------------------------------------------------------------------

- Q4 revenue $3.76B (+41% YoY); GAAP EPS $0.88 (vs -$2.26 YoY); Non-GAAP EPS $1.44 (vs -$1.99 YoY).
- Cloud revenue $1.88B (+21% QoQ) on higher nearline HDD and enterprise SSD shipments and pricing.
- FY2024 revenue $13.0B (+6% YoY); GAAP loss per share $(1.72) improved from $(5.37); Non-GAAP loss $(0.20).
- Q1 FY2025 guidance: revenue $4.0-4.2B; Non-GAAP EPS $1.55-1.85; Non-GAAP gross margin 37-39%.
- Discloses $262M jury verdict against subsidiary in patent case; plans appeal; accounting assessment pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000026/0000106040-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000026/wdc-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000106040-24-000026

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