Western Digital (WDC) Revenue — Quarter Ended Mar 29, 2024
Revenue for the reported quarter was negative. Both the sequential and year-over-year comparisons showed a decline.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q3
Revenue for the reported quarter was negative. Both the sequential and year-over-year comparisons showed a decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-132.0%
Change from the immediately preceding quarter.
Year-over-year
-152.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$922M
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 |
|---|---|---|
| Jun 30, 2023 | -$3.4B | -174.9% |
| Sep 29, 2023 | $1.2B | -68.0% |
| Dec 29, 2023 | $4.6B | +47.7% |
| Mar 29, 2024 | -$1.5B | -152.4% |
Revenue performance
Revenue turned negative in the reported quarter, a reversal from the positive revenue in the immediately preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue also decreased.
What to watch
The company faces ongoing tax-related obligations, with a remaining liability from prior-year settlements due within the next twelve months.