UPDATE: Western Digital (WDC) Tops Q3 EPS by 34c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

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Go back to UPDATE: Western Digital (WDC) Tops Q3 EPS by 34c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus

Western Digital Reports Fiscal Third Quarter 2021 Financial Results

April 29, 2021 4:01 PM EDT

News Summary

Third quarter revenue was $4.1 billion, down 1% year-over-year (YoY). Client Devices revenue increased 10%, Data Center Devices and Solutions revenue declined 19%, and Client Solutions revenue increased 8% YoY. Third quarter GAAP earnings per share (EPS) was $0.63 and non-GAAP EPS was $1.02. Generated operating cash flow of $116 million and free cash flow was negative $11 million in the third quarter. Expecting fiscal fourth quarter 2021 revenue to be in the range of $4.40 billion to $4.60 billion with non-GAAP EPS in the range of $1.30 to $1.60.

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