WDC Q2 2023 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q2 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$3.1B-35.7% YoY

Gross Profit

$528M17.0% margin

Operating Income

-$321M-10.3% margin

Net Income

-$451M-14.5% margin

EPS (Diluted)

$-1.40

QoQ Revenue Growth

-16.8%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

-$223M

Stock-Based Comp.

$86M

Balance Sheet

Total Assets

$25.0B

Total Liabilities

$12.9B

Stockholders' Equity

$12.1B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.1B	$4.8B	-35.7%
Gross Profit	$528M	$1.6B	-66.6%
Operating Income	-$321M	$727M	-144.2%
Net Income	-$451M	$564M	-180.0%

Revenue Segments

Cloud

$1.2B39%

Client Devices

$1.1B35%

Retail Products

$794M26%

Geographic Segments

Asia

$1.5B48%

Americas

$1.1B35%

Europe Middle East And Africa

$523M17%