WDC News and Press, Western Digital Corporation From 10/27/22

Western Digital press release ( NASDAQ: WDC ): FQ1 Non-GAAP EPS of $0.20 misses by $0.19 . Revenue of $3.74B (-26.7% Y/Y) beats by $130M . Non-GAAP operating income was $307M. Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to ...

News Summary First quarter revenue was $3.74 billion, above the midpoint of guidance. First quarter GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $0.20, non-GAAP EPS was impacted by higher tax rate. First quarter GAAP operating income was $158 million an...

Summary Veeco Instruments Inc. has trended lower for much of 2022, but the stock may be trying to rebound and end the year on a high note. Veeco is still growing at a double-digit clip, but pockets of weakness have emerged, even if other segments are going strong. The data sto...

Western Digital ( NASDAQ: WDC ) is scheduled to announce FQ1 earnings results on Thursday, October 27th, before market open. The consensus EPS Estimate is $0.39 (-84.3% Y/Y) and the consensus Revenue Estimate is $3.61B (-29.2% Y/Y). Over the last 2 years, WDC has bea...

Kioxia Corporation and Western Digital Corporation (NASDAQ: WDC) today celebrated the opening of the state-of-the-art semiconductor fabrication facility, Fab7, at the Yokkaichi Plant in Mie Prefecture, Japan. Production capacity at Fab7 will ramp up in stages over time, in line ...

Western Digital ( WDC ) shares rose on Tuesday even as investment firm Morgan Stanley lowered estimates for the fifth time in five months and third time this quarter as volume and price declines for the NAND business are "much worse" than 2019. Analyst Joseph Moore now expects 2...

Western Digital Corp. (NASDAQ: WDC) plans to announce its first quarter fiscal year 2023 financial results before the market opens on Thursday, October 27, 2022. The investment community conference call to discuss these results will be held that day at 5:30 a.m. Pacific / 8:30 a.m. East...

Summary Based on DCF analysis, the fair value of the company is $41.69 per share. Analysis of multiples reveals that the company trades at a discount. The cloud storage market will continue to grow, which is a positive for Western Digital. Our investment call on this stock...

Summary AMD finally had the shoe drop as it pre-announced a substantial downward revision to guidance. However, all this does is join AMD to the ranks of its peers, peers who had the exact same troubles. But relatively speaking, AMD is the best suited to recover as growth rema...

Summary Western Digital is a leader in hard drives and flash memory. The company announced mixed financial results for the fiscal fourth quarter, beating adjusted earnings but missing revenue estimates. The PC industry is going through a cyclical downturn, but Data Center grow...