WDC Q4 2023 Earnings — Western Digital Corporation Revenue & Financial Results | Market Cap Arena

WDCWestern Digital Corporation

$94B

Q4 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2.7B-41.0% YoY

Gross Profit

$92M3.4% margin

Operating Income

-$650M-24.3% margin

Net Income

-$715M-26.8% margin

EPS (Diluted)

$-2.27

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

-$68M

Free Cash Flow

-$187M

Stock-Based Comp.

$72M

Balance Sheet

Total Assets

$24.5B

Total Liabilities

$12.7B

Stockholders' Equity

$11.8B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.7B	$4.5B	-41.0%
Gross Profit	$92M	$1.4B	-93.6%
Operating Income	-$650M	$562M	-215.7%
Net Income	-$715M	$301M	-337.5%

Revenue Segments

Client Devices

$1.0B39%

Cloud

$994M37%

Retail Products

$643M24%

Geographic Segments

Asia

$1.5B65%

Europe Middle East And Africa

$435M19%

Americas

$362M16%