UPDATE: Summit Insights Upgrades Western Digital Corp. (WDC) to Buy, Sees Storage Fundamentals Continuing to Improve Through 2021

Western Digital Reports Fiscal Second Quarter 2021 Financial Results

January 28, 2021 4:01 PM EST

News Summary

Second quarter revenue was $3.9 billion, down 7% year-over-year (YoY). Client Devices revenue increased 19%, Data Center Devices and Solutions revenue declined 46%, and Client Solutions revenue increased 6% YoY. Second quarter GAAP earnings per share (EPS) was $0.20 and non-GAAP EPS was $0.69. Generated operating cash flow of $425 million and free cash flow of $149 million in the second quarter. Expecting fiscal third quarter 2021 revenue to be in the range of $3.85 billion to $4.05 billion with non-GAAP EPS in the range of $0.55 to $0.75.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (Nasdaq:... More