Western Digital Announces Financial Results for First Fiscal Quarter 2018

Western Digital Corp. today reported revenue of $5.2 billion, operating income of $905 million and net income of $681 million, or $2.23 per share, for its first fiscal quarter ended Sept. 29, 2017. The GAAP net income for the period includes charges associated with the company's acquisitions. Excluding these charges and after other non-GAAP adjustments, first quarter non-GAAP operating income was $1.4 billion and non-GAAP net income was $1.1 billion, or $3.56 per share. In the year-ago quarter, the company reported revenue of $4.7 billion, operating income of $232 million and net loss of $366 million, or $(1.28) per share. Non-GAAP operating income in the year-ago quarter was $736 million and non-GAAP net income was $448 million, or $1.54 per share.