Western Digital (WDC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline continued a pattern of sequential reductions observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline continued a pattern of sequential reductions observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
-9.8%
Change from the immediately preceding quarter.
Year-over-year
-36.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $4.5B | -8.0% |
| Sep 30, 2022 | $3.7B | -26.0% |
| Dec 30, 2022 | $3.1B | -35.7% |
| Mar 31, 2023 | $2.8B | -36.0% |
Revenue performance
Reported revenue moved lower, reflecting a further contraction in the business.
Quarterly comparison
Compared with the prior quarter, revenue was lower, and the year-over-year comparison also showed a significant decline. The trailing twelve-month revenue was also reduced.
What to watch
The ongoing revenue decline trend warrants attention.