Western Digital Corporation
Western Digital Reports Q2 2024 Financial Results and Guidance
Summary
Western Digital Corporation reported its fiscal second quarter 2024 financial results on January 25, 2024. The company announced a revenue of $3.03 billion, up 10% sequentially, driven by growth in Cloud and Consumer segments, while the Client segment saw a slight decline. The company reported a GAAP EPS of $(0.87) and a Non-GAAP EPS of $(0.69). Looking ahead, Western Digital expects fiscal third quarter 2024 revenue to be in the range of $3.20 billion to $3.40 billion.
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About Western Digital Corporation
Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.
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