Core Viewpoint - Western Digital has refocused on mechanical hard drives after the spin-off of its flash memory business, SanDisk, and reported strong financial performance for FY2025, indicating significant growth and confidence in its long-term cash generation capabilities [1][3]. Financial Performance - For FY2025, Western Digital achieved revenue of $9.52 billion (approximately ¥68.515 billion), a 51% increase compared to FY2024's revenue of $6.317 billion (excluding flash memory) [1]. - In Q4 FY2025, the company reported revenue of $2.605 billion (approximately ¥18.748 billion), representing a 30% year-over-year growth and a 14% quarter-over-quarter increase [3]. - The GAAP gross margin for FY2025 was 38.8%, with operating income of $2.334 billion, while the Non-GAAP gross margin was 39.4% with operating income of $2.336 billion [1]. - For Q4 FY2025, the GAAP gross margin was 41.0% with operating income of $680 million, and the Non-GAAP gross margin was 41.3% with operating income of $732 million [3]. Future Outlook - Western Digital expects revenue for Q1 FY2026 to be approximately $2.7 billion (around ¥19.432 billion), which would represent a year-over-year growth of about 22%, with a projected Non-GAAP gross margin of approximately 41.5% [3]. - The CEO expressed confidence in the company's long-term cash generation ability, highlighting the importance of mechanical hard drives in the global data infrastructure, especially in an AI-driven future [3].