WDC Q3 2024 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q3 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$1.8B-37.5% YoY

Gross Profit

$519M29.6% margin

Operating Income

$94M5.4% margin

Net Income

$127M7.2% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

-42.2%

Cash Flow

Operating Cash Flow

$58M

Free Cash Flow

-$39M

Stock-Based Comp.

$77M

Balance Sheet

Total Assets

$23.8B

Total Liabilities

$13.7B

Stockholders' Equity

$10.1B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$2.8B	-37.5%
Gross Profit	$519M	$286M	+81.5%
Operating Income	$94M	-$472M	+119.9%
Net Income	$127M	-$571M	+122.2%

Revenue Segments

Cloud

$1.6B45%

Client Devices

$1.2B34%

Retail Products

$730M21%

Geographic Segments

Asia

$1.7B50%

Americas

$1.2B33%

Europe Middle East And Africa

$563M16%