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Dec 31, 2021
Western Digital Q2 2022 Earnings Report
Reported strong results exceeding guidance, despite ongoing supply chain disruptions and COVID-related challenges.
Key Takeaways
Western Digital reported a strong fiscal second quarter with revenue of $4.83 billion, up 23% year-over-year. GAAP EPS was $1.79 and non-GAAP EPS was $2.30. The company generated $666 million in operating cash flow and $407 million in free cash flow.
Second quarter revenue was $4.83 billion, up 23% year-over-year.
Cloud revenue increased by 89%, Client revenue declined by 1%, and Consumer revenue remained flat year-over-year.
Second quarter GAAP earnings per share was $1.79 and non-GAAP EPS was $2.30, including $70 million in COVID-related expenses.
Generated operating cash flow of $666 million and free cash flow of $407 million.
Western Digital
Western Digital
Forward Guidance
Western Digital expects fiscal third quarter 2022 revenue to be in the range of $4.45 billion to $4.65 billion with non-GAAP EPS in the range of $1.50 to $1.80.