Western Digital Q1 2023 Earnings Report
Key Takeaways
Western Digital reported fiscal first quarter 2023 financial results with revenue at $3.74 billion, above the midpoint of guidance. GAAP EPS was $0.08 and Non-GAAP EPS was $0.20. The company generated $6 million in cash flow from operations and ended the quarter with $2.05 billion of total cash and cash equivalents.
First quarter revenue was $3.74 billion, above the midpoint of guidance.
First quarter GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $0.20, non-GAAP EPS was impacted by higher tax rate.
First quarter GAAP operating income was $158 million and Non-GAAP operating income was $307 million.
Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion with Non-GAAP EPS in the range of $(0.25) to $0.05.
Western Digital
Western Digital
Western Digital Revenue by Segment
Forward Guidance
Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion with Non-GAAP EPS in the range of $(0.25) to $0.05.
Revenue & Expenses
Visualization of income flow from segment revenue to net income