Investor Presentaiton

Non-GAAP Financial Results ($ in millions, except for EPS) © 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED Q1 2023 Q4 2023 Q1 2024 QoQ YOY Revenue Gross Margin % $ 3,736 $ 2,672 $ 2,750 up 3% down 26% 26.7% 3.9% 4.1% up 0.2 ppt down 22.6 ppt Operating Expenses $ 689 $ 582 $ 555 down 5% down 19% Operating Income (Loss) $ 307 $ (478) $ (443) * Interest and Other Expense, net $ 75 $ 86 $ 86 down 0% up 15% EPS - Diluted $ 0.20 $ (1.98) $ (1.76) * * Operating Cash Flow $ 6 $ (68) $ (626) * * Free Cash Flow $ (215) $ (219) $ (544) * * See Appendix for GAAP to Non-GAAP Reconciliations. * Not a meaningful figure

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