WDC - Western Digital Non-GAAP EPS of -$1.98 beats by $0.04 revenue of $2.67B beats by $150M

2023-07-31 16:09:38 ET

• Western Digital press release ( NASDAQ: WDC ): Q4 Non-GAAP EPS of -$1.98 beats by $0.04 .
• Revenue of $2.67B (-41.1% Y/Y) beats by $150M .
• Cloud revenue decreased 18% (QoQ), Client revenue increased 6% and Consumer revenue increased 3% (QoQ). Fiscal year 2023 revenue was $12.3 billion.
• Expect fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion.
• Expect Non-GAAP EPS in the range of $(2.10) to $(1.80) which includes $200 to $220 million of underutilization charges in Flash and HDD.
• Shares -2.14% .

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