Western Digital (WDC) Tops Q4 EPS by 67c, Offers Q1 Guidance

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Go back to Western Digital (WDC) Tops Q4 EPS by 67c, Offers Q1 Guidance

Western Digital Reports Fourth Quarter and Fiscal Year 2021 Financial Results

August 4, 2021 4:01 PM EDT

News Summary

Fourth quarter revenue was $4.9 billion, up 15% year-over-year (YoY). Client Devices revenue increased 13%, Data Center Devices and Solutions revenue increased 6%, and Client Solutions revenue increased 42% YoY. Fiscal year 2021 revenue was $16.9 billion, up 1% YoY. Fourth quarter GAAP earnings per share (EPS) was $1.97 and non-GAAP EPS was $2.16. Fiscal year 2021 GAAP EPS was $2.66 and non-GAAP EPS was $4.55. Generated operating cash flow of $994 million and free cash flow of $792 million in the fourth quarter. Generated operating cash flow of $1.9 billion and free cash flow of $1.1 billion in fiscal year 2021. Expecting fiscal first... More