Western Digital (WDC) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reported quarter turned negative, marking a sharp reversal from the previous period. The figure also deteriorated significantly compared with the same quarter a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue for the reported quarter turned negative, marking a sharp reversal from the previous period. The figure also deteriorated significantly compared with the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-221.0%
Change from the immediately preceding quarter.
Year-over-year
-174.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
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 |
|---|---|---|
| Sep 30, 2022 | $3.7B | -26.0% |
| Dec 30, 2022 | $3.1B | -35.7% |
| Mar 31, 2023 | $2.8B | -36.0% |
| Jun 30, 2023 | -$3.4B | -174.9% |
Revenue performance
The company reported a negative revenue figure for the quarter, contrasting with positive revenues in all prior periods of the trailing twelve months.
Quarterly comparison
Revenue declined from the immediately preceding quarter, which had been positive. The year-over-year comparison also showed a substantial drop, as the prior year same quarter had generated positive revenue.
What to watch
The swing to negative revenue warrants close monitoring of the underlying drivers in future filings.