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Western Digital (WDC)
NASDAQ:WDC
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.79Last Year’s EPS
-0.69Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 2.58%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with strong performance and growth in the HDD segment, including record revenue and shipments, alongside challenges in the Flash segment due to pricing pressure and reduced revenue outlook. The progress in the business separation is a strategic highlight, but the overall sentiment is tempered by the financial challenges in the Flash segment.Company Guidance
During the second quarter of fiscal year 2025, Western Digital reported revenue of $4.3 billion, with a non-GAAP gross margin of 35.9% and non-GAAP earnings per share of $1.77. The HDD business achieved a 12-quarter revenue high, driven by strong demand for high-capacity enterprise drives and innovative Ultra SMR technology, resulting in a record non-GAAP gross margin. In contrast, the Flash segment faced challenges due to pricing pressure, despite stable revenue and a sequential 50% growth in external SSD drive shipments. The company is focused on separating its Flash and HDD businesses, expecting completion in the upcoming fiscal third quarter. For the fiscal third quarter, Western Digital anticipates revenue between $3.75 billion and $3.95 billion, with gross margins ranging from 31.5% to 33.5%, and earnings per share projected between $0.90 and $1.20.Record HDD Revenue
The HDD business delivered another quarter of strong performance with data center revenue hitting an all-time high. This underscores the strength of nearline storage solutions with a record level of 154 exabytes in nearline bit shipments.
Revenue Growth
Total revenue for the quarter was $4.3 billion, up 5% sequentially and 41% year-over-year, driven by strong performance in the HDD segment.
Successful Business Separation Progress
Achieved two crucial milestones in the separation of Flash and HDD businesses, completing the Form-10 filing and finalizing key financing activities.
Flash SSD Growth
External SSD drive shipments grew 50% sequentially, indicating solid consumer demand.
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WDC 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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WDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $62.80 | $65.78 | +4.75% |
| Oct 24, 2024 | $66.32 | $69.45 | +4.72% |
| Jul 31, 2024 | $67.05 | $60.53 | -9.72% |
| Apr 25, 2024 | $69.44 | $71.36 | +2.76% |
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 (WDC) report earnings?
Western Digital (WDC) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Western Digital (WDC) earnings time?
Western Digital (WDC) earnings time is at Jan 29, 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 WDC EPS forecast?
WDC EPS forecast for the fiscal quarter 2025 (Q2) is 1.79.
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