Description
In the latest earnings, Western Digital confident of its portfolio strategy given its significant outperformance across Flash and HDD businesses. The company reported revenue of $3 billion, a non-GAAP gross margin of 15.5%, and a non-GAAP loss per share of $0.69. These numbers met or exceeded the guidance range provided in October. Western Digital also highlighted emerging trends in the storage market. Expecting a multiyear growth period, the company stated that generative AI has emerged as another growth driver, transforming industries thus creating a refresh cycle in client and consumer devices. Flash and HDD markets both have started their recovery, with the edge now representing approximately 80% of total NAND bit shipments, up from 75% in 2022.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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