WDC Q1 2023 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q1 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$3.7B-26.0% YoY

Gross Profit

$981M26.3% margin

Operating Income

$158M4.2% margin

Net Income

$27M0.7% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-17.5%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

-$314M

Stock-Based Comp.

$86M

Balance Sheet

Total Assets

$25.7B

Total Liabilities

$13.6B

Stockholders' Equity

$12.1B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.7B	$5.1B	-26.0%
Gross Profit	$981M	$1.7B	-41.1%
Operating Income	$158M	$778M	-79.7%
Net Income	$27M	$610M	-95.6%

Revenue Segments

Cloud

$1.8B49%

Client Devices

$1.2B33%

Retail Products

$678M18%

Geographic Segments

Asia

$1.7B45%

Americas

$1.4B38%

Europe Middle East And Africa

$627M17%