Western Digital Q3 2021 Earnings Report
Key Takeaways
Western Digital reported Q3 2021 revenue of $4.1 billion, a 1% decrease year-over-year. GAAP EPS was $0.63, and non-GAAP EPS was $1.02. The company generated $116 million in operating cash flow and a negative $11 million in free cash flow. They are expecting Q4 2021 revenue between $4.40 billion and $4.60 billion, with non-GAAP EPS between $1.30 and $1.60.
Third quarter revenue was $4.1 billion, down 1% year-over-year.
Client Devices revenue increased 10%, Data Center Devices and Solutions revenue declined 19%, and Client Solutions revenue increased 8% year-over-year.
Third quarter GAAP earnings per share was $0.63 and non-GAAP EPS was $1.02.
Generated operating cash flow of $116 million and free cash flow was negative $11 million in the third quarter.
Western Digital
Western Digital
Forward Guidance
Expecting fiscal fourth quarter 2021 revenue to be in the range of $4.40 billion to $4.60 billion with non-GAAP EPS in the range of $1.30 to $1.60.