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Western Digital Reports $581 Million Quarterly Profit

By USinMinutes - Jan 29, 2025, 04:15 PM ET
Last Updated - Jan 29, 2025, 09:52 PM EST
Western Digital Reports $581 Million Quarterly Profit

The company records $4.3 billion revenue for Q2 ended Dec 27, 2024

WESTERN DIGITAL CORP [WDC] reported $581 million profit   for Q2 ended Dec 27, 2024, showing an increase of $100 million.

The company revealed in its 8-K filing to the SEC dated Jan 29, 2025 that it generated revenue of $4.3 billion   for the period, showing an increase of $190 million from the last quarter.

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Based in San Jose, Calif., the company reported $1.6   earnings per share for the period, compared to $1.4 in the last quarter.

The company's Profit increased by 21% from $481 million in the last quarter.

The revenue increased 41% from $3 billion in the same quarter of the previous year.

Dollars in millions
Jun 28, 2024    Mar 29, 2024    Dec 29, 2023    Sep 29, 2023   

Income Statement

Revenue $13,003.0  $3,457.0  $3,032.0  $2,750.0 
Operating Profit -$317.0  $273.0  -$210.0  -$596.0 
Net Income -$798.0  $135.0  -$287.0  -$685.0 
Net Cash -$144.0  -$129.0  $458.0  $9.0 
Gross Margin $2,945.0  $1,001.0  $492.0  $99.0 
Operating Margin -$0.0  $0.0  -$0.0  -$0.0 
Profit as % of Revenues-369.05 28.96 16.23 3.60 
Profit as % of Assets-4.29 0.56 -1.17 -2.83 
Profit as % of Stockholder Equity-7.38 1.33 -2.85 -6.77 
Return on Equity-7.38 0.42 -2.85 -6.77 
Return on Assets-3.30 0.18 -1.18 -2.85 
Turnover Ratio69.93 0.14 0.12 0.11 

Balance Sheet

Total Assets $24,188.0  $23,801.0  $24,385.0  $24,001.0 
Total Liabilities $13,141.0  $12,804.0  $13,441.0  $13,012.0 

Cash Flow Statement

Operating Cash Flow -$294.0  -$660.0  -$718.0  -$626.0 
Investing Cash Flow -$27.0  $31.0  $24.0  $84.0 
Financing Cash Flow $187.0  $506.0  $1,151.0  $554.0 
 
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