secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K
Filed at:   2025-04-07T23:59:59+00:00
Accession:  0000106040-25-000016
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WDC recast shows Q2 FY2025 continuing ops EPS $1.27, revenue $2.41B; Flash as discontinued ops
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604025000016/0000106040-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604025000016/wdc-20250407.htm
  HTML page:      https://secwatch.observer/filing/0000106040-25-000016

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