Investor Presentaiton
3
© 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED
Fiscal Third Quarter Executive Summary
1.
Financial Results¹
.
Revenue of $ 2.8B
·
Non-GAAP EPS of $ (1.37)
·
Non-GAAP gross margin of 11%
Corporate
.
Flash
Hard Drive
.
•
Operating cash flow of $ (381)M
•
Free cash flow of $ (527)M
•
Cash and cash equivalents of $ 2.2B
Continued successful ramp of a series of industry-leading storage products and commercialized innovative technologies,
while concurrently right-sizing our cost structure, have positioned Western Digital favorably for the future as demand
gradually returns to normal levels.
Saw signs of demand stabilizing across various end markets.
•
Continued to see signs of content increase per unit in retail flash, led by WD_BLACK SSD optimized for gaming, as well
as Mobile, PC OEMs, and Channel within Client.
Announced BiCS8, a groundbreaking technology based on Circuit Bonded to Array architecture, which provides several
benefits including reduced cycle time, faster yield ramp, better lateral scaling and industry leading I/O performance.
.
22-terabyte CMR drive became the highest volume product among our 20-terabyte and above capacity points.
•
Delivered gross margin upside and profitable market share gain.
See Appendix for GAAP to non-GAAP Reconciliations.View entire presentation