WDC Q1 2022 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q1 2022 Earnings

Technology Computer Hardware

Income Statement

Revenue

$5.1B+28.8% YoY

Gross Profit

$1.7B33.0% margin

Operating Income

$778M15.4% margin

Net Income

$610M12.1% margin

EPS (Diluted)

$1.93

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$521M

Free Cash Flow

$276M

Stock-Based Comp.

$76M

Balance Sheet

Total Assets

$26.4B

Total Liabilities

$15.0B

Stockholders' Equity

$11.4B

Cash & Equivalents

$3.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$3.9B	+28.8%
Gross Profit	$1.7B	$904M	+84.2%
Operating Income	$778M	$70M	+1011.4%
Net Income	$610M	-$60M	+1116.7%

Revenue Segments

Cloud

$2.2B44%

Client Devices

$1.9B37%

Retail Products

$973M19%

Geographic Segments

Asia

$2.7B53%

Americas

$1.6B32%

Europe Middle East And Africa

$762M15%