Western Digital (WDC) Tops Q4 EPS by 4c, Guidance Misses
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Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results
August 5, 2022 8:01 AM EDTNews Summary
Fourth quarter revenue was $4.53 billion, down 8% year-over-year (YoY). Cloud revenue increased 5%, Client revenue declined 14%, and Consumer revenue declined 23% YoY. Fiscal year 2022 revenue was $18.79 billion, up 11% YoY. Fourth quarter GAAP earnings per share (EPS) was $0.95 and Non-GAAP EPS was $1.78. Fiscal year 2022 GAAP EPS was $4.75 and non-GAAP EPS was $8.22. Generated operating cash flow of $295 million and free cash flow of $(97) million in the fourth quarter. Generated operating cash flow of $1.88 billion and free cash flow of $0.68 billion in fiscal year 2022. Expect fiscal first quarter 2023 revenue to be in the... More