Capital Allocation Framework
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WESTERN DIGITAL CONFIDENTIAL
© 2022 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED
Fiscal Fourth Quarter Executive Summary
Financial Results
Revenue of $4.5B
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Operating cash flow of $295M
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Non-GAAP diluted net earnings per share of $1.78
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Free cash flow of $(97)M
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Non-GAAP gross margin of 32.3%
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Cash and cash equivalents of $2.3B
Corporate
Flash
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Our longstanding and growing relationships with hyperscale and OEM customers across the world, coupled with our
leadership in commercializing innovations for capacity enterprise hard drives and momentum with NVMe enterprise SSD
for datacenter, have made us a trusted partner.
Enterprise SSD revenue more than doubled sequentially in the quarter and for fiscal year 2022.
Gaming exabyte shipment grew nearly 70% year-over-year. WD_BLACK SSD certified for Sony PS5 game consoles.
BiCS5 represented approximately half of Flash revenue, and we are preparing to ramp BiCS6 late this calendar year and
into 2023.
Hard Drives
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Strong demand from our cloud customers for our latest generation energy assisted drives drove a near record nearline
shipment of 111 exabytes.
Shipping 22-terabyte CMR drives, and qualification of our 26-terabyte SMR drive is underway.
Ramping a second cloud customer with SMR technology this quarter and remain on track to lead the industry's transition
to SMR based drives for the cloud.
Confident in our multi-year product roadmap of capacity enterprise drives, which combine ePMR, OptiNAND, UltraSMR
and triple stage actuators to deliver a cutting-edge portfolio of drives, in commercial volumes, at a wide variety of capacity
points.
See Appendix for GAAP to non-GAAP Reconciliations.View entire presentation