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.

Total Revenue

$5.05B

Previous year: $3.92B