WDC - Western Digital Non-GAAP EPS of -$0.42 misses by $0.29 revenue of $3.11B beats by $140M

• Western Digital press release ( NASDAQ: WDC ): Q2 Non-GAAP EPS of -$0.42 misses by $0.29 .
• Revenue of $3.11B (-35.6% Y/Y) beats by $140M .
• Second quarter GAAP operating loss was $321 million and Non-GAAP operating loss was $119 million.
• Expect fiscal third quarter 2023 revenue to be in the range of $2.60 billion to $2.80 billion.
• Expect Non-GAAP EPS in the range of $(1.70) to $(1.40) which includes underutilization charges in flash and HDD totaling $250 million, with flash driven by a 30% reduction in wafer starts beginning in January.
• Shares -6.37% .

For further details see: