Western Digital (WDC) Tops Q2 EPS by 17c

Western Digital (NASDAQ: WDC) reported Q2 EPS of $2.30, $0.17 better than the analyst estimate of $2.13. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.76 billion.

“We reported strong financial performance in the December quarter enabled by excellent operational execution by our team in a favorable market environment,” said Steve Milligan, chief executive officer. “We saw healthy demand for capacity enterprise hard drives, all NAND based products and hard drives in client applications. We also achieved targeted cost and efficiency improvements and improved our liquidity position with continued strong cash flow performance.

“We continue to execute well on key strategic priorities, including the integration of HGST, SanDisk and WD, and the ramp of 3D NAND technology. We are achieving our planned synergy targets and are progressing with our transition to 3D NAND technology with the ramp of our 64 layer architecture.”

For earnings history and earnings-related data on Western Digital (WDC) click here.

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