Western Digital (WDC) Revenue — Quarter Ended Dec 29, 2023
Revenue for the reported quarter rose sharply compared to the immediately preceding quarter. It also increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 29, 2023 · FY2024 Q2
Revenue for the reported quarter rose sharply compared to the immediately preceding quarter. It also increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+284.3%
Change from the immediately preceding quarter.
Year-over-year
+47.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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 |
|---|---|---|
| Mar 31, 2023 | $2.8B | -36.0% |
| Jun 30, 2023 | -$3.4B | -174.9% |
| Sep 29, 2023 | $1.2B | -68.0% |
| Dec 29, 2023 | $4.6B | +47.7% |
Revenue performance
The revenue improvement was driven by a strong rebound from the prior quarter's lower level. The trailing twelve-month revenue also reflected a positive trend.
Quarterly comparison
Revenue increased markedly from the prior quarter and also showed a solid gain from the same quarter last year.
What to watch
The company's filing highlights a tax settlement that may require significant cash outflows in the near term.