WDC Q3 2022 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q3 2022 Earnings

Technology Computer Hardware

Income Statement

Revenue

$4.4B+5.9% YoY

Gross Profit

$1.2B27.0% margin

Operating Income

$324M7.4% margin

Net Income

$25M0.6% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-9.4%

Cash Flow

Operating Cash Flow

$398M

Free Cash Flow

$108M

Stock-Based Comp.

$86M

Balance Sheet

Total Assets

$25.7B

Total Liabilities

$13.7B

Stockholders' Equity

$12.0B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.4B	$4.1B	+5.9%
Gross Profit	$1.2B	$1.1B	+8.2%
Operating Income	$324M	$317M	+2.2%
Net Income	$25M	$197M	-87.3%

Revenue Segments

Cloud

$1.8B40%

Client Devices

$1.7B40%

Retail Products

$875M20%

Geographic Segments

Asia

$2.4B55%

Americas

$1.4B31%

Europe Middle East And Africa

$604M14%