Western Digital (WDC) Tops Q4 EPS by 2c, Q1 Guidance Misses Views
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Western Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results
August 5, 2020 4:01 PM EDTNews Summary
Fourth quarter revenue was $4.3 billion, up 18% year-over-year (YoY). Data Center Devices and Solutions revenue grew 32%, Client Devices grew 19%, and Client Solutions declined 9% YoY. Fiscal year 2020 revenue was $16.7 billion, up 1.0% YoY. Fourth quarter GAAP earnings-per-share (EPS) was $0.49 and non-GAAP EPS was $1.23. Both GAAP and non-GAAP EPS include $96 million in costs related to COVID-19 in the fourth quarter. Fiscal year 2020 GAAP EPS was ($0.84) and non-GAAP EPS was $3.04. Generated operating cash flow of $172 million and free cash flow of $261 million in the fourth quarter. Generated operating cash flow of $824 million and free cash... More