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Jan 03, 2020

Western Digital Q2 2020 Earnings Report

Reported revenue of $4.2 billion, operating income of $50 million, and a net loss of $139 million.

Key Takeaways

Western Digital reported revenue of $4.2 billion for its second fiscal quarter ended January 3, 2020. The company's operating income was $50 million, with a net loss of $139 million, or ($0.47) per share. Excluding certain non-GAAP adjustments, the company achieved non-GAAP operating income of $333 million and non-GAAP net income of $187 million, or $0.62 per share.

Revenue was $4.2 billion.

Operating income was $50 million.

Net loss was $139 million, or ($0.47) per share.

Non-GAAP net income was $187 million, or $0.62 per share.

Total Revenue
$4.23B
Previous year: $4.23B
+0.0%
EPS
$0.62
Previous year: $1.45
-57.2%
Gross Profit
$935M
Previous year: $1.04B
-10.4%
Cash and Equivalents
$3.1B
Previous year: $4.01B
-22.8%
Free Cash Flow
$97M
Previous year: $246M
-60.6%
Total Assets
$25.9B
Previous year: $27.9B
-7.4%

Western Digital

Western Digital

Forward Guidance

For the third fiscal quarter of 2020, Western Digital expects revenue between $4.1 billion and $4.3 billion, and non-GAAP diluted earnings per share between $0.85 and $1.05.