Western Digital Q3 2023 Earnings Report
Key Takeaways
Western Digital reported Q3 2023 financial results, with revenue at $2.8 billion, GAAP EPS of $(1.82), and Non-GAAP EPS of $(1.37). The company expects Q4 2023 revenue to be between $2.40 billion and $2.60 billion.
Third quarter revenue was $2.8 billion, at the high end of the guidance range.
Third quarter GAAP earnings per share (EPS) was $(1.82) and Non-GAAP EPS was $(1.37), which includes $200 million of underutilization related charges in Flash and HDD.
Third quarter GAAP operating loss was $472 million and Non-GAAP operating loss was $304 million.
Expect fiscal fourth quarter 2023 revenue to be in the range of $2.40 billion to $2.60 billion.
Western Digital
Western Digital
Western Digital Revenue by Segment
Forward Guidance
Western Digital expects fiscal fourth quarter 2023 revenue to be in the range of $2.40 billion to $2.60 billion and Non-GAAP EPS in the range of $(2.20) to $(1.90).
Revenue & Expenses
Visualization of income flow from segment revenue to net income