Western Digital Q1 2021 Earnings Report
Key Takeaways
Western Digital reported first quarter revenue of $3.9 billion, a 3% decrease year-over-year. GAAP EPS was ($0.20) and non-GAAP EPS was $0.65. The company expects fiscal second quarter revenue to be between $3.75 billion and $3.95 billion, with non-GAAP EPS between $0.40 and $0.60.
First quarter revenue was $3.9 billion, down 3% year-over-year.
Client Devices revenue increased 20%, while Data Center Devices and Solutions revenue declined 26%, and Client Solutions declined 5% year-over-year.
GAAP earnings per share was ($0.20) and non-GAAP EPS was $0.65, including $28 million in COVID-19 related costs.
Generated operating cash flow of $363 million and free cash flow of $196 million in the first quarter.
Western Digital
Western Digital
Western Digital Revenue by Segment
Forward Guidance
Western Digital expects fiscal second quarter 2021 revenue to be in the range of $3.75 billion to $3.95 billion with non-GAAP EPS in the range of $0.40 to $0.60. Non-GAAP EPS outlook includes costs related to COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income