Western Digital's (WDC) fiscal third-quarter top-line performance is driven by strength in the cloud segment, especially higher near-line shipments.
Q3 2024 Western Digital Corp Earnings Call
Western Digital Corporation (NASDAQ:WDC) reported third-quarter financial results after the bell on Thursday. Here's a look at the highlights. Western Digital reported earnings of 63 cents per share, which is not comparable to the consensus of 20 cents. It clocked quarterly sales of $3.46 billion, beating the $3.36 billion analyst consensus estimate. Cloud revenue of $1.55 billion represented 45% of total revenue, with its growth primarily attributed to higher nearline shipments and improved nea