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EX - 99.1 2 ex991 - pressreleaseq221.htm EX - 99.1 Western Digital . ● Western Digital Reports Fiscal Second Quarter 2021 Financial Results News Summary Second quarter revenue was $ 3.9 billion , down 7 % year - over - year ( YoY ) . Client Devices revenue increased 19 % , Data Center Devices and Solutions revenue declined 46 % , and Client Solutions revenue increased 6 % YoY . Second quarter GAAP earnings per share ( EPS ) was $ 0.20 and non - GAAP EPS was $ 0.69 . Generated operating cash flow of $ 425 million and free cash flow of $ 149 million in the second quarter . Expecting fiscal third quarter 2021 revenue to be in the range of $ 3.85 billion to $ 4.05 billion with non - GAAP EPS in the range of $ 0.55 to $ 0.75 . ● Exhibit 99.1 SAN JOSE , Calif . , — January 28 , 2021 — Western Digital Corp. ( Nasdaq : WDC ) today reported fiscal second quarter 2021 financial results . " The team delivered solid results this quarter , especially as we continue adapting our business and technology portfolio to take advantage of the immense opportunities in the storage industry , " said , David Goeckeler , Western Digital CEO . “ During the quarter , we captured strength in the retail business and also delivered on our target outcome to complete qualification of our energy - assisted hard drives and second - generation enterprise SSD products with some of the world's largest data center operators . While there is still more work to be done , we remain extremely focused on meeting the needs of our customers and ramping our next - generation products throughout calendar 2021. "