Western Digital (WDC) Misses Q1 EPS by 21c, Guidance Misses

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Go back to Western Digital (WDC) Misses Q1 EPS by 21c, Guidance Misses

Western Digital Reports Fiscal First Quarter 2023 Financial Results

October 27, 2022 8:00 AM EDT

 News Summary

First quarter revenue was $3.74 billion, above the midpoint of guidance. First quarter GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $0.20, non-GAAP EPS was impacted by higher tax rate. First quarter GAAP operating income was $158 million and Non-GAAP operating income was $307 million. Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion with Non-GAAP EPS in the range of $(0.25) to $0.05.

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