The company said third quarter fiscal 2024 revenue was $3.46 billion, up 14% from the prior quarter and up 23% from a year earlier. Cloud revenue rose 45% sequentially, Client revenue rose 5% sequentially, and Consumer revenue fell 13%.

1. 01

   The company said third quarter fiscal 2024 revenue was $3.46 billion, up 14% from the prior quarter and up 23% from a year earlier. Cloud revenue rose 45% sequentially, Client revenue rose 5% sequentially, and Consumer revenue fell 13%.

2. 02

   Western Digital said its GAAP gross margin for the fiscal third quarter of 2024 was 29.0% (16.2% in the prior quarter), its GAAP earnings per share (EPS) was $0.34, and its Non-GAAP EPS was $0.63. The company said Non-GAAP EPS includes underutilization-related charges in HDD.

3. 03

   The company said it had operating cash inflow of $58 million in the fiscal third quarter of 2024 and ended the quarter with $1.89 billion in cash and cash equivalents. Free cash flow for the same quarter was $91 million.

4. 04

   The company said it expects fiscal fourth quarter 2024 revenue of $3.60 billion to $3.80 billion and Non-GAAP EPS of $0.90 to $1.20. The quarter ends on June 28, 2024 and covers 3 months.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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