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

Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000106040-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Digital Q1 rev $4.1B, GAAP EPS $1.35, non-GAAP $1.78; guides Q2 $4.2-4.4B
--------------------------------------------------------------------------------

- Revenue $4,095M, up 9% QoQ and 49% YoY; GAAP diluted EPS $1.35 vs $0.08 prior Q.
- Non-GAAP diluted EPS $1.78 vs $1.44 prior Q; non-GAAP operating income $884M vs $666M.
- Cloud revenue $2,208M (+17% QoQ, +153% YoY) driven by nearline HDD and enterprise SSD.
- Q2 FY2025 guidance: revenue $4.2-4.4B, non-GAAP EPS $1.75-2.05.
- On Oct 18, jury returned $316M patent verdict against Western Digital; company contests, expects to prevail; accounting assessment pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000037/0000106040-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604024000037/wdc-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000106040-24-000037

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