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Investor Presentaiton

20 20 © 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED Net Revenue Flash HDD Total Net Revenue Gross Profit By Segment Flash HDD Total Gross Profit for Segments Unallocated corporate items: Stock-based compensation expense Amortization of acquired intangible assets Contamination related charges Total unallocated corporate items Consolidated Gross Profit Gross Margin Supplemental Operating Segment Results Q3F22 Q4F22 Q1F23 Q2F23 In millions, except percentages; unaudited $ 2,243 2,138 $ 2,400 2,128 $ 4,381 $ 4,528 $ 1,722 2,014 $ 3,736 $ 3,107 $1,657 1,450 Q3F23 $ 1,307 1,496 $ 2,803 $ 798 592 $ 1,390 $ 862 $ 422 $ 240 600 574 $ 1,462 $ 996 $ 540 (13) (203) Ê* (12) (14) (1) 三 (12) 300 $ (65) 363 $ 298 (12) (1) (4) Recoveries from a power outage incident 7 (209) (17) (15) (12) (12) $ 1,181 $ 1,445 $ 981 $ 528 $ 286 Flash(1) HDD(2) Total gross margin for segments (3) Consolidated total (4) 35.6% 35.9% 24.5% 14.5% (5.0%) 27.7% 28.2% 28.5% 20.7% 24.3% 31.7% 32.3% 26.7% 17.4% 10.6% 27.0% 31.9% 26.3% 17.0% 10.2% 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. 4. Consolidated total gross margin is calculated by dividing consolidated gross profit by total revenue.
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