Western Digital(WDC) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Western Digital Reports Fiscal Third Quarter 2024 Financial Results News Summary • Third quarter revenue was $3.46 billion, up 14% sequentially (QoQ). Cloud revenue increased 45% (QoQ), Client revenue increased 5% (QoQ) and Consumer revenue decreased (13)% (QoQ). • Third quarter GAAP earnings per share (EPS) was $0.34 and Non-GAAP EPS was $0.63, which includes underutilization- related charges in HDD. • Expect fiscal fourth quarter 2024 revenue to be in the range of $3.60 billion to $3.80 billi ...