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Sep 27, 2024

Western Digital Q1 2025 Earnings Report

Western Digital's performance demonstrated commitment to operational excellence and disciplined capital investment.

Key Takeaways

Western Digital reported a revenue of $4.10 billion for the fiscal first quarter 2025, a 9% sequential increase. GAAP EPS was $1.35, and Non-GAAP EPS was $1.78. The company expects fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion and Non-GAAP EPS in the range of $1.75 to $2.05.

First quarter revenue was $4.10 billion, up 9% sequentially (QoQ).

Cloud revenue increased 17% (QoQ).

Client and Consumer revenue remained flat (QoQ).

First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78.

Total Revenue
$4.1B
Previous year: $2.75B
+48.9%
EPS
$1.78
Previous year: -$1.76
-201.1%
Gross Margin
37.9%
Gross Profit
$1.55B
Previous year: $99M
+1466.7%
Cash and Equivalents
$1.71B
Previous year: $2.03B
-16.1%
Free Cash Flow
-$61M
Previous year: -$750M
-91.9%
Total Assets
$24.8B
Previous year: $24B
+3.2%

Western Digital

Western Digital

Western Digital Revenue by Segment

Forward Guidance

Western Digital expects fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion and Non-GAAP EPS in the range of $1.75 to $2.05.

Positive Outlook

  • Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion.
  • Expect Non-GAAP EPS in the range of $1.75 to $2.05.

Revenue & Expenses

Visualization of income flow from segment revenue to net income