Western Digital: Fiscal Second Quarter Earnings Overview

Western Digital Reports Strong Second-Quarter Earnings

Western Digital Corp., headquartered in San Jose, California, announced a net income of $1.84 billion for its fiscal second quarter.

The company recorded earnings of $4.73 per share, with adjusted earnings—excluding certain one-time items—totaling $2.13 per share.

These results exceeded analysts’ expectations. According to Zacks Investment Research, the consensus estimate among five analysts was $1.95 per share.

Western Digital, known for manufacturing hard drives for both enterprise and personal use, generated $3.02 billion in revenue during the quarter, surpassing the $2.95 billion forecasted by four analysts surveyed by Zacks.

Looking ahead to the quarter ending in March, the company anticipates earnings per share to fall between $2.15 and $2.45.

Projected revenue for the fiscal third quarter is expected to range from $3.1 billion to $3.3 billion.

This article was produced by Automated Insights using information from Zacks Investment Research.