Western Digital (WDC) Revenue — Quarter Ended Sep 29, 2023
Revenue increased for the quarter compared to the immediately preceding period, reversing the prior downward trend. However, revenue was significantly lower than in the same quarter one year earlier.
Key takeaway
Quarter ended Sep 29, 2023 · FY2024 Q1
Revenue increased for the quarter compared to the immediately preceding period, reversing the prior downward trend. However, revenue was significantly lower than in the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+135.2%
Change from the immediately preceding quarter.
Year-over-year
-68.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
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 |
|---|---|---|
| Dec 30, 2022 | $3.1B | -35.7% |
| Mar 31, 2023 | $2.8B | -36.0% |
| Jun 30, 2023 | -$3.4B | -174.9% |
| Sep 29, 2023 | $1.2B | -68.0% |
Revenue performance
The reported revenue direction was upward versus the prior quarter, marking a positive sequential change after several consecutive declines.
Quarterly comparison
When compared with the immediately preceding quarter, revenue improved. In contrast, compared with the same quarter one year prior, revenue was substantially lower.
What to watch
The filing context notes significant tax payments and an IRS settlement that affected cash flow from operations during the quarter.