other material
confidence high
sentiment positive
materiality 0.70
WDC recast shows Q2 FY2025 continuing ops EPS $1.27, revenue $2.41B; Flash as discontinued ops
WESTERN DIGITAL CORP
- Separation completed Feb 21, 2025; Sandisk now trades as SNDK. Flash historical results reclassified as discontinued ops.
- Q2 FY2025 continuing ops revenue $2,409M, net income $466M, diluted EPS $1.27 (vs Q1: $2,212M rev, $155M NI, $0.42 EPS).
- FY2024 continuing ops revenue $6,317M, net loss $(765)M (including litigation charge of $291M). Non-GAAP operating income $343M.
- Continuing ops gross margin improved to 37.7% in Q2 FY2025 vs 36.4% in Q1 and 28.1% in FY2024.
- Capital expenditures for continuing ops: $29M in Q1, $68M in Q2 FY2025; cash conversion cycle improved to 61 days.