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Jul 02, 2021

Western Digital Q4 2021 Earnings Report

Reported fourth quarter and fiscal year 2021 financial results, with revenue up 15% year-over-year and GAAP EPS of $1.97.

Key Takeaways

Western Digital reported strong Q4 2021 financial results, with revenue reaching $4.9 billion, a 15% increase year-over-year. GAAP EPS was $1.97 and non-GAAP EPS was $2.16. The company generated $994 million in operating cash flow and $792 million in free cash flow during the quarter.

Fourth quarter revenue increased by 15% year-over-year to $4.9 billion.

GAAP earnings per share (EPS) for the fourth quarter was $1.97, and non-GAAP EPS was $2.16.

The company generated $994 million in operating cash flow and $792 million in free cash flow during the fourth quarter.

Client Devices revenue increased 13%, Data Center Devices and Solutions revenue increased 6%, and Client Solutions revenue increased 42% year-over-year.

Total Revenue
$4.92B
Previous year: $4.29B
+14.8%
EPS
$2.16
Previous year: $1.23
+75.6%
Gross Profit
$1.57B
Previous year: $1.08B
+44.6%
Cash and Equivalents
$3.37B
Previous year: $3.05B
+10.6%
Free Cash Flow
$792M
Previous year: -$43M
-1941.9%
Total Assets
$26.1B
Previous year: $25.7B
+1.8%

Western Digital

Western Digital

Western Digital Revenue by Segment

Forward Guidance

Expecting fiscal first quarter 2022 revenue to be in the range of $4.90 billion to $5.10 billion with non-GAAP EPS in the range of $2.25 to $2.55.

Revenue & Expenses

Visualization of income flow from segment revenue to net income