Western Digital (WDC) Tops Q2 EPS by 4c; Guides Q3 Revs/EPS Above the Street

Western Digital (NASDAQ: WDC) reported Q2 EPS of $0.62, $0.04 better than the analyst estimate of $0.58. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.22 billion.

“The December quarter results reflect strong execution in our product roadmap, success in increasing our hard drive gross margin, and an improving flash market,” said Steve Milligan, chief executive officer, Western Digital. “We expect an accelerated recovery in our flash gross margins, which coupled with ongoing strength in demand for both hard drives and flash, positions us well for continued profitable growth in calendar year 2020.”

GUIDANCE:

Western Digital sees Q3 2020 revenue of $4.1-4.3 billion, versus the consensus of $4.06 billion. Sees EPS of $0.85-$1.05 versus the consensus of $0.73.

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

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