Friday, October 28, 2022

Western Digital Reports Fiscal First Quarter 2023 Financial Results

Western Digital today reported fiscal first quarter 2023 financial results.
  • 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 and Non-GAAP operating income was $307 million.
  • Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion with Non-GAAP EPS in the range of $(0.25) to $0.05.