Loading...
•
Oct 01, 2021
Western Digital Q1 2022 Earnings Report
Reported strong financial results driven by cloud products and solid execution amidst COVID impacts and supply chain disruptions
Key Takeaways
Western Digital reported a strong fiscal first quarter 2022 with revenue of $5.1 billion, up 29% year-over-year. Cloud revenue increased 72%, Client revenue increased 6%, and Consumer revenue increased 10% year-over-year. The company generated $521 million in operating cash flow and $224 million in free cash flow.
First quarter revenue was $5.1 billion, up 29% year-over-year.
Cloud revenue increased 72%, Client revenue increased 6%, and Consumer revenue increased 10% year-over-year.
First quarter GAAP earnings per share was $1.93 and non-GAAP EPS was $2.49.
Generated operating cash flow of $521 million and free cash flow of $224 million.
Forward Guidance
Expecting fiscal second quarter 2022 revenue to be in the range of $4.70 billion to $4.90 billion with non-GAAP EPS in the range of $1.95 to $2.25.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...