On August 5, 2022, Western Digital reported Q4 revenues of $4.53 billion (a decline of 8% year-over-year) on non-GAAP earnings per share (EPS) of $1.78.
Summary: Western Digital’s Q4 2022 revenues declined by 8% as compared to the same period in 2021. Western Digital reports its revenues across three segments: Client, Cloud, and Consumer.
The company reported earnings from operations of $562 million during Q4 2022, resulting in GAAP operating margins of 12%. On the bottom line, the company reported a GAAP EPS of $0.95, whereas the Non-GAAP earnings came to $1.78 per share.
Guidance: For the first quarter of the fiscal year 2023 the management has guided to:
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