Categories AlphaGraphs, Earnings, Technology
Western Digital Corp. (WDC) Earnings: A snapshot of Q1 2024 results
Western Digital Corp. (NASDAQ: WDC) announced financial results for the first quarter of 2024, reporting lower revenues, and a net loss compared to profit last year.
The tech firm reported revenue of $2.75 billion for the first quarter, which is down 26% year-over-year. Cloud revenue decreased 52% and Client revenue dropped 7%.
Net loss was $685 million or $2.17 per share in the September quarter, compared to net income of $27 million or $0.08 per share in the prior-year quarter. Adjusted loss per share came in at $1.76 in Q1, compared to earnings of $0.20 in the corresponding period of 2023.
“Our Consumer and Client end markets continue to perform well and we now expect our Cloud end market to grow going forward. Our improved cost structure positions Western Digital to capitalize on enhanced earnings power as market conditions continue to improve,” said David Goeckeler, Western Digital’s CEO.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
