Revenue segments as reported by the company.

Flash

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Employee termination, asset impairment and other charges

Business separation costs

Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Western Digital

SanDisk is a manufacturer of flash memory products, including memory cards and readers, USB flash drives, and solid state drives. As of February 2015, SanDisk is the third-largest manufacturer of flash memory. On May 12, 2016, SanDisk was acquired by hard drive manufacturer Western Digital in a US$19 billion deal.

SanDisk

HGST is a wholly owned subsidiary of Western Digital that sells hard disk drives, solid-state drives, and external storage products and services.

HGST

Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Western Digital faces revenue decline but anticipates improvement and cost reduction

Western Digital's Q3 performance reflects a mixed picture with revenue and margin improvements in certain segments but overall decline in total revenue. The company is focused on proactive cost management, investment decisions, and automation to address ongoing financial challenges. Despite the current market environment, there are opportunities for improvement in the second half and cost reduction with BiCS8.

Western Digital faces revenue decline and operational challenges in Q2

Western Digital's Q2 performance reflects revenue decline, operational challenges, and strategic actions to reset the business. Despite facing headwinds in the cloud segment, the company is strengthening its financial position and focusing on cost reduction. Opportunities exist in market stabilization, product demand improvement, and strategic financial management.

Western Digital exceeds Q3 expectations amidst demand stabilization signs

Western Digital's Q3 performance showed resilience with signs of demand stabilization and strategic actions yielding positive results in both HDD and Flash businesses. While facing revenue challenges and margin pressures, the company remains focused on addressing network security incidents and optimizing cost management strategies.

Western Digital reports Q4 revenue growth and anticipates technology opportunities

Western Digital's Q4 performance showcased revenue growth in flash shipments, operational optimization, and stabilization of hard drive demand.
The company's strengths lie in executing an innovative product roadmap, enhancing liquidity, and anticipating growth in data center technologies.
Challenges include underutilization charges, margin management concerns, and the impact of lower CapEx on future investments.
Opportunities include expected growth in 26 terabyte drives, SMR technology adoption, and recovery in nearline units, presenting avenues for business expansion.

Western Digital plans to spin off flash business for growth

Western Digital's Q1 performance exceeded revenue expectations but reported a non-GAAP loss per share, with sequential growth in flash revenue and challenges in HDD revenue.
The company's strategic decision to spin off the flash business aims to unlock shareholder value and capitalize on the flash market's growth potential.
Opportunities lie in the HDD business's innovation and growth prospects, while challenges include underutilization charges and market weaknesses in China.
Dynamic management of wafer starts and a focus on profitability and free cash flow are key strategies moving forward for Western Digital.

Western Digital meets Q2 expectations, eyes NAND market growth

Western Digital's Q2 performance met expectations with strengths in flash business management and sequential revenue growth.
Challenges include operating losses, cash outflow, and client revenue decline due to flash ASP increase.
Opportunities lie in the growing demand for NAND bits at the edge, cost reduction trends, and emerging enterprise SSD market.
Overall, Western Digital's focus on product leadership and profitability improvement positions it for long-term success.

Western Digital exceeds Q3 expectations, focuses on AI growth

Western Digital's Q3 2024 earnings call showcased strong financial performance, exceeding revenue and EPS expectations.
The company is strategically positioned to capitalize on increasing AI demand, with a focus on profitability and market leadership.
Challenges include managing bit growth, monitoring AI impact on HDD demand, and maintaining gross margin targets.
Opportunities lie in leading technology development, tailored product offerings, and partnerships for market advantage.

Western Digital reports strong Q4 earnings, eyes growth opportunities

Western Digital's Q4 performance reflects solid revenue and earnings, driven by growth in Flash and HDD segments.
The company's strengths in innovation, market positioning, and strategic planning position it well for future growth.
While facing challenges such as dis-synergy costs and industry dynamics, Western Digital has opportunities to capitalize on market trends and drive further revenue growth.

Western Digital excels in Q1 2025 earnings, anticipates sequential growth

Western Digital's Q1 performance reflects a robust financial position with strong revenue and earnings growth. The company's strategic focus on Flash and HDD businesses, along with the ongoing separation process, positions it well for future opportunities and growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Intel

Companies can often boost their stock prices when they decide to spin off different divisions of the business. Oftentimes, this can mean shedding a non-core business or even a money-losing business into a separate entity.

2 Stocks Spinning Off Divisions to Boost Shareholder Value

Western Digital (WDC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search Western Digital Corporation (WDC): Here is What You Need to Know

Shares of Western Digital Corp WDC were spiking in early trading on Friday, after the company reported upbeat fiscal first-quarter earnings.

Western Digital Shares Jump Despite Revenue Miss, Ready To Spin Off NAND Business: Q4 Guidance 'Much Better Than Feared,' Analyst Says

WDC's fiscal Q1 2025 performance is driven by continued momentum in the cloud segment amid a slowdown in the consumer business.

Western Digital Q1 Earnings Beat on Solid Revenue Growth, Stock Jumps

Western Digital Corporation (NASDAQ:WDC ) Q1 2025 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Joe Moore - Morgan Stanley Karl Ackerman - BNP Paribas Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Wamsi Mohan - Bank of America Harlan Sur - JPMorgan Krish Sankar - TD Cowen Amit Daryanani - Evercore Thomas O'Malley - Barclays Srini Pajjuri - Raymond James Ananda Baruah - Loop Capital Asiya Merchant - Citigroup Steven Fox - Fox Advisors Vijay Rakesh - Mizuho Matthew Bryson - Wedbush Operator Good afternoon and thank you for standing by.

Western Digital Corporation (WDC) Q1 2025 Earnings Call Transcript

While the top- and bottom-line numbers for Western Digital (WDC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Western Digital (WDC) Q1 Earnings: A Look at Key Metrics

Western Digital (WDC) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to loss of $1.76 per share a year ago.

Western Digital (WDC) Q1 Earnings Surpass Estimates

Western Digital Corp topped Wall Street estimates for quarterly profit on demand for its data-storage products from cloud service providers, sending its shares up 9% in extended trading on Thursday.

Western Digital tops quarterly profit estimates on demand from cloud computing customers

Western Digital stock jumped late Thursday, after the data storage company reported a September quarter earnings beat.

Western Digital Stock Jumps On Better-Than-Expected Earnings

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal first quarter financial results. “Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven by industry leading innovation and a diversified portfolio, has allowed us to target the most attractive end markets to improve profitability,” said David Goeckeler, Wes.

Western Digital Reports Fiscal First Quarter 2025 Financial Results

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Brokers Suggest Investing in Western Digital (WDC): Read This Before Placing a Bet

WDC's fiscal first-quarter top-line performance is likely to have been driven by strength in the cloud segment, especially higher nearline shipments.

Western Digital Gearing Up for Q1 Earnings: Here's What to Expect

Beyond analysts' top -and-bottom-line estimates for Western Digital (WDC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Gear Up for Western Digital (WDC) Q1 Earnings: Wall Street Estimates for Key Metrics

Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner's rights in data security technology, a jury in California federal court said on Friday.

Western Digital owes $315.7 million for infringing data security patent, US jury says

Recently, Zacks.com users have been paying close attention to Western Digital (WDC). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock

Western Digital (WDC) reachead $67.79 at the closing of the latest trading day, reflecting a +1.25% change compared to its last close.

Western Digital (WDC) Outperforms Broader Market: What You Need to Know

WDC's enterprise-grade SSDs are certified to drive the NVIDIA GB200 NVL72 rack-scale system, meeting the rising demands of AI-powered environments.

Western Digital SSDs Certified for NVIDIA GB200 NVL72 for AI Systems

Apple

However, lower interest rates and increased government spending won't only help Chinese companies, Evercore ISI says.

Apple, Western Digital, and 3 Other U.S. Stocks to Play China Stimulus

SAN JOSE, Calif.--(BUSINESS WIRE)--More than just storage, Western Digital HDDs are key enablers for businesses looking to optimize their infrastructure, lower TCO and future-proof their data strategies. Constantly innovating to meet the needs of our data-driven world, Western Digital (NASDAQ: WDC) today announced that it is now shipping the world's highest capacity UltraSMR HDD with up to 32TB 1 leveraging the time-tested, reliable energy-assisted PMR (ePMR) recording technology for hyperscale.

Western Digital Delivers World's Highest Capacity ePMR HDDs to Meet Growing Nearline Demand

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced that its PCIe® Gen5 DC SN861 E.1S enterprise-class NVMe™ SSDs have been certified to support the NVIDIA® GB200 NVL72 rack-scale system. The rapid rise of AI, ML, and large language models (LLMs) is creating a challenge for companies with two opposing forces. Data generation and consumption are accelerating, while organizations face pressure to quickly derive value from this data. Performance, scalability, and.

Western Digital Enterprise SSDs Certified to Support NVIDIA GB200 NVL72 System for Compute-Intensive AI Environments

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its first quarter fiscal year 2025 financial results after the market closes on Thursday, October 24, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the.

Western Digital to Announce First Quarter Fiscal Year 2025 Financial Results on October 24, 2024

In the latest trading session, Western Digital (WDC) closed at $64.05, marking a -0.67% move from the previous day.

Western Digital (WDC) Suffers a Larger Drop Than the General Market: Key Insights

Western Digital (WDC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock Western Digital Corporation (WDC) a Buy Now?

The latest trading day saw Western Digital (WDC) settling at $66.58, representing a +0.09% change from its previous close.

Western Digital (WDC) Advances While Market Declines: Some Information for Investors

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

News for Western Digital Stock (WDC)