WDCWestern Digital Corporation

$94B

Q3 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2.8B-36.0% YoY

Gross Profit

$286M10.2% margin

Operating Income

-$472M-16.8% margin

Net Income

-$571M-20.4% margin

EPS (Diluted)

$-1.82

QoQ Revenue Growth

-9.8%

Cash Flow

Operating Cash Flow

-$381M

Free Cash Flow

-$491M

Stock-Based Comp.

$74M

Balance Sheet

Total Assets

$25.2B

Total Liabilities

$12.7B

Stockholders' Equity

$12.5B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$4.4B	-36.0%
Gross Profit	$286M	$1.2B	-75.8%
Operating Income	-$472M	$324M	-245.7%
Net Income	-$571M	$25M	-2384.0%

Revenue Segments

Cloud

$1.2B43%

Client Devices

$975M35%

Retail Products

$623M22%

Geographic Segments

Asia

$1.4B48%

Americas

$935M33%

Europe Middle East And Africa

$515M18%

WDC Q3 2023 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena