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Apr 01, 2022
Western Digital Q3 2022 Earnings Report
Reported revenue of $4.38 billion, up 6% year-over-year, with GAAP EPS of $0.08 and Non-GAAP EPS of $1.65.
Key Takeaways
Western Digital reported fiscal third quarter 2022 financial results with revenue of $4.38 billion, a 6% increase year-over-year. GAAP EPS was $0.08, and Non-GAAP EPS was $1.65. The company generated $398 million in operating cash flow and $148 million in free cash flow.
Revenue was $4.38 billion, up 6% year-over-year.
Cloud revenue increased by 25%, Client revenue declined by 2%, and Consumer revenue declined 8% year-over-year.
GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $1.65.
Generated operating cash flow of $398 million and free cash flow of $148 million.
Forward Guidance
Western Digital expects fiscal fourth quarter 2022 revenue to be in the range of $4.50 billion to $4.70 billion with Non-GAAP EPS in the range of $1.60 to $1.90.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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