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Western Digital (IT:1WDC)
:1WDC
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.8Last Year’s EPS
-0.67Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -1.80%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
Western Digital reported strong revenue growth driven by cloud and enterprise SSD demand, with record performance in the HDD segment. However, challenges remain in the consumer market and PC segments, and operating expenses increased due to business separation efforts.Company Guidance
During the Western Digital earnings call for Q1 2025, the company reported revenue of $4.1 billion, a non-GAAP gross margin of 38.5%, and non-GAAP earnings per share of $1.78. The guidance for the next quarter projects revenue between $4.2 billion and $4.4 billion, with a gross margin range of 37% to 39%. The company anticipates operating expenses to increase slightly to a range of $695 million to $715 million, with expected EPS of $1.75 to $2.05. Western Digital is progressing with its business separation plans, having completed a soft spin and planning to file the Form 10 in the upcoming months. The company aims for further enterprise SSD growth, projecting it will comprise over 15% of its overall portfolio shipments for fiscal year 2025. Additionally, the HDD segment achieved record revenue with strong demand for its UltraSMR technology, and anticipates continued momentum in data center growth.Record Revenue and Growth
Western Digital delivered revenue of $4.1 billion, up 9% sequentially and 49% year-over-year. Non-GAAP earnings per share was $1.78.
Strong Cloud and Enterprise SSD Performance
Cloud represented 54% of total revenue at $2.2 billion, up 17% sequentially and more than doubling year-over-year. Enterprise SSD applications grew 76% sequentially.
HDD Segment Achievements
Record HDD gross margin and highest revenue levels in 11 quarters, driven by UltraSMR technology adoption and record nearline exabyte shipments of 141.
Business Separation Progress
On track with the separation of Flash and HDD businesses, with the soft spin phase completed and financing activities anticipated to start soon.
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IT:1WDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IT:1WDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | €61.72 | €66.63 | +7.96% |
| Jul 31, 2024 | €60.95 | €55.16 | -9.50% |
| Apr 25, 2024 | €63.82 | €64.98 | +1.82% |
| Jan 25, 2024 | €55.37 | €54.00 | -2.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Western Digital (IT:1WDC) report earnings?
Western Digital (IT:1WDC) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Western Digital (IT:1WDC) earnings time?
Western Digital (IT:1WDC) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Western Digital stock?
The P/E ratio of Western Digital is N/A.
What is IT:1WDC EPS forecast?
IT:1WDC EPS forecast for the fiscal quarter 2025 (Q2) is 1.8.
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