From Barchart: 2025-01-30 11:33:00

Western Digital (NASDAQ:WDC) posted mixed Q2 results, beating revenue estimates but missing on earnings. Revenue rose 41% YoY to $4.29 billion, slightly above the expected $4.28 billion. However, adjusted EPS of $1.77 fell short of analysts’ $1.88 forecast.

The company’s Q3 outlook disappointed investors, with revenue guidance of $3.75-3.95 billion below the $4.02 billion consensus. Expected adjusted EPS of $0.90-1.20 also missed estimates of $1.51.

In Q2, cloud revenue increased 6% to $2.35 billion, accounting for 55% of total sales. Client revenue fell 3% to $1.17 billion, while consumer revenue grew 14% to $771 million. Despite strong revenue growth, Western Digital faces challenges in the data storage market.



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