WDC Q1 2024 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2.8B-26.4% YoY

Gross Profit

$99M3.6% margin

Operating Income

-$596M-21.7% margin

Net Income

-$685M-24.9% margin

EPS (Diluted)

$-2.17

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

-$626M

Free Cash Flow

-$750M

Stock-Based Comp.

$77M

Balance Sheet

Total Assets

$24.0B

Total Liabilities

$13.0B

Stockholders' Equity

$11.0B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$3.7B	-26.4%
Gross Profit	$99M	$981M	-89.9%
Operating Income	-$596M	$158M	-477.2%
Net Income	-$685M	$27M	-2637.0%

Revenue Segments

Client Devices

$1.1B42%

Cloud

$872M32%

Retail Products

$731M27%

Geographic Segments

Asia

$1.6B56%

Americas

$662M24%

Europe Middle East And Africa

$537M20%