WDC - Western Digital Corporation (WDC) Goldman Sachs Global Semiconductor Conference (Transcript)
2024-05-29 22:53:05 ET
Western Digital Corporation (WDC)
Goldman Sachs Global Semiconductor Conference
May 29, 2024 03:20 PM ET
Company Participants
David Goeckeler - CEO
Wissam Jabre - CFO
Conference Call Participants
Toshiya Hari - Goldman Sachs
Presentation
Toshiya Hari
All right. We'd like to get started. Welcome, everyone. My name is Toshiya Hari. I cover the U.S. semiconductor space for Goldman Sachs. Very excited to have the team from Western Digital with us for the session. We have David Goeckeler, CEO. We also have Wissam Jabre, EVP and CFO. As always, I have a long list of questions, but we'd love to keep this interactive. I will pause for questions. Please have your questions ready. First of all, thank you for coming.
David Goeckeler
Thanks for having us.
Wissam Jabre
Thank you for having us.
David Goeckeler
I think that you need to read the most exciting part of the presentation.
Wissam Jabre
Thank you. We will be making forward-looking statements in today's discussion based on management's current assumptions and expectations, including with respect to our product portfolio, business plans and performance, market trends and dynamics and future financial results. These forward-looking statements are subject to risks and uncertainties.
Please refer to our most recent financial report on Form 10-K and our filings with the SEC for more information on the risks and uncertainties that could cause actual results to differ materially from expectations. We will also be making references to non-GAAP financials and a reconciliation of our GAAP and non-GAAP results can be found on our website. Thankyou.
Question-and-Answer Session
Q - Toshiya Hari
Thank you for that. I wanted to kick off high level. David, it's been a busy few years. He joined the company March of 2020. We had the pandemic ups and downs from a cycle perspective, both in NAND and HDD. I'd like to think the environment is a little more normal, whatever that means. Where are some of the near-term and long-term goals you and your team are focused on now that perhaps you can be a little bit more proactive as opposed to reactive?
David Goeckeler
Yeah. It was an interesting time to start, but I think we've made an enormous amount of progress in the last four years. And the goals are really the same. It starts -- in our business, it starts with great products. Like, if you don't have great products, it's very hard to be in a technology business, and that's our first focus always. And in our business, especially, the way our markets work, you have to focus on the cost side of it and obviously, the value equation you're delivering to customers. And I think that the -- our technology portfolio is just in the best place it's been in a very, very long time....
Western Digital Corporation (WDC) Goldman Sachs Global Semiconductor Conference (Transcript)