Western Digital (WDC) Tops Q2 EPS by 44c, Guidance Tops Consensus
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Western Digital Reports Fiscal Second Quarter 2024 Financial Results
January 25, 2024 4:05 PM ESTNews Summary
Second quarter revenue was $3.03 billion, up 10% sequentially (QoQ). Cloud revenue increased 23% (QoQ), Client revenue decreased 2% (QoQ) and Consumer revenue increased 15% (QoQ). Second quarter GAAP earnings per share (EPS) was $(0.87) and Non-GAAP EPS was $(0.69), which includes $156 million of underutilization-related charges in Flash and HDD. Expect fiscal third quarter 2024 revenue to be in the range of $3.20 billion to $3.40 billion. Expect Non-GAAP EPS in the range of $(0.10) to $0.20, which includes $30 to $40 million of underutilization-related charges in HDD.SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (Nasdaq:... More
