Western Digital Q4 2022 Earnings Report
Key Takeaways
Western Digital reported Q4 2022 revenue of $4.53 billion, a decrease of 8% year-over-year. GAAP EPS was $0.95 and non-GAAP EPS was $1.78. The company generated $295 million in cash flow from operations and had $2.33 billion in cash and cash equivalents at the end of the quarter.
Fourth quarter revenue was $4.53 billion, down 8% year-over-year.
Cloud revenue increased 5%, Client revenue declined 14%, and Consumer revenue declined 23% year-over-year.
Fourth quarter GAAP earnings per share (EPS) was $0.95 and Non-GAAP EPS was $1.78.
Generated operating cash flow of $295 million and free cash flow of $(97) million in the fourth quarter.
Western Digital
Western Digital
Western Digital Revenue by Segment
Forward Guidance
Western Digital expects fiscal first quarter 2023 revenue to be in the range of $3.60 billion to $3.80 billion with Non-GAAP EPS in the range of $0.35 to $0.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income