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WDC's fiscal Q2 2025 performance is driven by a 119% year-over-year increase in cloud business amid softness in the consumer business.
Western Digital delivered strong Q2 results, growing revenue at 41% y/y driven by record-breaking HDD demand and gross margins. Demand from enterprise/cloud buyers rose 119% y/y, demonstrating the healthy levels of investment in the race to build AI applications that require cheap, efficient data storage. The company will complete its spin-off of its flash segment, SanDisk, in the March quarter - a potential upside catalyst for Western Digital's depressed valuation multiples.
Western Digital Corporation. (NASDAQ:WDC ) Q2 2025 Earnings Conference Call January 29, 2025 4:30 PM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analysis and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President, Chief Financial Officer Irving Tan - Executive Vice President for Global Operations at Western Digital.
The headline numbers for Western Digital (WDC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Western Digital (WDC) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to loss of $0.69 per share a year ago.
Data storage products maker Western Digital Corp forecast third-quarter revenue below Wall Street estimates on Wednesday, as it expects decreased demand from cloud and corporate customers.
WDC's fiscal second-quarter performance is likely to have been driven by higher nearline demand amid a challenging pricing environment in the Flash business.
In the most recent trading session, Western Digital (WDC) closed at $68.63, indicating a +1.78% shift from the previous trading day.
Western Digital (WDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Western Digital's second-quarter fiscal 2025 revenues are expected to be at the mid-point of its previously issued guidance, but EPS is likely to hit the lower end.