Western Digital reported Q4 FY2024 revenue of $3.76B, up 41% YoY and 9% QoQ, with GAAP EPS of $0.88 and Non-GAAP EPS of $1.44. Cloud revenue, representing 50% of total revenue, surged 89% YoY and 21% QoQ driven by higher nearline shipments and improved pricing in both HDD and enterprise SSDs.The company achieved a GAAP gross margin of 35.9%, up 32.5 percentage points YoY, while operating income reached $507M compared to a loss of $650M in the year-ago quarter. For the full fiscal year 2024, revenue increased 6% to $13B, though GAAP net loss was $561M or $1.72 per share.Looking ahead, Western Digital expects Q1 FY2025 revenue between $4.0B-$4.2B with Non-GAAP EPS of $1.55-$1.85. The company faces a recent $262M patent infringement verdict which it plans to appeal, with the financial impact pending assessment in its upcoming 10-K filing.

Western Digital reported Q4 FY2024 revenue of $3.76B, up 41% YoY and 9% QoQ, with GAAP EPS of $0.88 and Non-GAAP EPS of $1.44. Cloud revenue, representing 50% of total revenue, surged 89% YoY and 21% QoQ driven by higher nearline shipments and improved pricing in both HDD and enterprise SSDs.The company achieved a GAAP gross margin of 35.9%, up 32.5 percentage points YoY, while operating income reached $507M compared to a loss of $650M in the year-ago quarter. For the full fiscal year 2024, revenue increased 6% to $13B, though GAAP net loss was $561M or $1.72 per share.Looking ahead, Western Digital expects Q1 FY2025 revenue between $4.0B-$4.2B with Non-GAAP EPS of $1.55-$1.85. The company faces a recent $262M patent infringement verdict which it plans to appeal, with the financial impact pending assessment in its upcoming 10-K filing.