Reported Q: Q3 2024 Rev YoY: +29.4% EPS YoY: +115.7% Move: +3.94%
Western Digital
0QZF.L
$291.77 3.94%
Exchange LSE Sector Technology Industry Hardware Equipment Parts
Q3 2024
Published: Mar 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0QZF.L

Reported

Report Date

Mar 31, 2024

Quarter Q3 2024

Revenue

3.46B

YoY: +29.4%

EPS

0.40

YoY: +115.7%

Market Move

+3.94%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $3.46B up 29.4% year-over-year
  • EPS of $0.40 increased by 115.7% from previous year
  • Gross margin of 29.0%
  • Net income of 135.00M
  • ""We are committed to enhancing our operational efficiency, which has allowed us to navigate through challenging market dynamics while increasing our profitability margins."" - CEO
0QZF.L
Western Digital Corporation

Executive Summary

In Q3 2024, Western Digital Corporation reported significant operational improvement, showcasing a net income of $135 million, a 118.88% increase year-over-year. The robust growth in gross profit, which surged by nearly 988.04% year-over-year to $1.001 billion, highlights effective cost management strategies and increased demand for its data storage solutions. Despite facing challenges such as elevated competition and market volatility, management remains optimistic about future growth trajectories fueled by innovations and strategic partnerships.
Moreover, the company's revenue held steady at $3.457 billion, reflecting resilience in demand for core products, including solid-state drives (SSDs) and hard disk drives (HDDs). Management’s commitment to R&D, with an allocation of $494 million this quarter, positions Western Digital to capitalize on emerging technologies and market trends, enhancing its competitive edge.

Key Performance Indicators

Revenue
Increasing
3.46B
QoQ: 0.00% | YoY: 29.38%
Gross Profit
Increasing
1.00B
28.96% margin
QoQ: 0.00% | YoY: 988.04%
Operating Income
Increasing
304.00M
QoQ: -10.20% | YoY: 142.00%
Net Income
Increasing
135.00M
QoQ: 0.00% | YoY: 118.88%
EPS
Increasing
0.41
QoQ: -14.63% | YoY: 115.70%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 2,818.00 3.07 -34.2% View
Q4 2025 2,605.00 0.00 -36.4% View
Q3 2025 2,294.00 1.49 -33.6% View
Q2 2025 4,285.00 1.63 +24.0% View
Q1 2025 4,095.00 1.35 +35.1% View
Q3 2024 3,457.00 0.40 +29.4% View