Investor Presentaiton
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© 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED
Supplemental Operating Segment Results
Q3F23
Q4F23
In millions, except percentages; unaudited
Q1F23
Q2F23
Q1F24
Net Revenue
Flash
HDD
Total Net Revenue
Gross Profit By Segment
Flash
HDD
Total Gross Profit for Segments
$ 1,722
2,014
$ 1,657
1,450
$ 3,736
$ 3,107
$ 1,307
$ 2,803
$ 1,377
1,496
1,295
$2,672
$1,556
1,194
$ 2,750
Unallocated corporate items:
Stock-based compensation expense
Amortization of acquired intangible assets
Other
Total unallocated corporate items
Consolidated Gross Profit
$ 422
$ 240
574
$ 996
$ 540
(14)
(12)
300
$ (65)
363
$ 298
(12)
$ (164)
268
$ 104
(11)
$ (161)
273
$ 112
(13)
(1)
(2)
(15)
(12)
(12)
(12)
(13)
$ 981
$ 528
$ 286
$ 92
$99
Gross Margin
Flash(1)
HDD(2)
Total gross margin for segments (3)
Consolidated total(4)
24.5%
14.5%
(5.0%)
(11.9%)
(10.3%)
28.5%
20.7%
24.3%
20.7%
22.9%
26.7%
17.4%
10.6%
3.9%
4.1%
26.3%
17.0%
10.2%
3.4%
3.6%
Consolidated total gross margin is calculated by dividing consolidated gross profit by total revenue.
Note: In the table above, Total gross profit for segments and Total gross margin for segments are Non-GAAP financial measures, which are also referred to herein as Non-GAAP gross profit and Non-GAAP gross margin, respectively.
1.
Flash gross margin is calculated by dividing Flash gross profit by Flash revenue.
2.
HDD gross margin is calculated by dividing HDD gross profit by HDD revenue.
3.
Total gross margin for segments is calculated by dividing total gross profit for segments by total revenue.
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