Western Digital Q4 2023 Earnings Report
Key Takeaways
Western Digital reported Q4 2023 revenue of $2.7 billion, a 5% decrease sequentially. GAAP EPS was $(2.27) and Non-GAAP EPS was $(1.98). The company expects Q1 2024 revenue to be between $2.55 billion and $2.75 billion.
Q4 revenue was $2.7 billion, down 5% sequentially.
Cloud revenue decreased 18% sequentially, while Client revenue increased 6% and Consumer revenue increased 3%.
GAAP EPS was $(2.27) and Non-GAAP EPS was $(1.98), including $211 million of underutilization related charges.
Expect fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion.
Western Digital
Western Digital
Western Digital Revenue by Segment
Forward Guidance
Western Digital expects fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion and Non-GAAP EPS in the range of $(2.10) to $(1.80).
Revenue & Expenses
Visualization of income flow from segment revenue to net income