Earnings release
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Western Digital . Western Digital Reports Fiscal Third Quarter 2021 Financial Results News Summary • Third quarter revenue was $ 4.1 billion , down 1 % year - over - year ( YoY ) . Client Devices revenue increased 10 % , Data Center Devices and Solutions revenue declined 19 % , and Client Solutions revenue increased 8 % YoY . • Third quarter GAAP earnings per share ( EPS ) was $ 0.63 and non - GAAP EPS was $ 1.02 . • Generated operating cash flow of $ 116 million and free cash flow was negative $ 11 million in the third quarter . Expecting fiscal fourth quarter 2021 revenue to be in the range of $ 4.40 billion to $ 4.60 billion with non- GAAP EPS in the range of $ 1.30 to $ 1.60 . SAN JOSE , Calif . , — April 29 , 2021 — Western Digital Corp. ( Nasdaq : WDC ) today reported fiscal third quarter 2021 financial results . " We reported solid results above the guidance range , driven by increasing momentum of our energy - assisted drives and our second - generation NVMe enterprise SSDs , improving NAND flash pricing trends , along with the continued accelerated digital transformation across end markets , ” said David Goeckeler , Western Digital CEO . “ Western Digital's strengths in technology and cost leadership , expansive product portfolio and broad routes to market are providing a foundation upon which we are solidifying our position as an essential building block of the digital economy . These strengths , combined with our increased operational and strategic focus enabled by our new business unit structure , are driving results . As we continue to face a dynamic environment , we are seeing the benefits of the synergistic value in the breadth of Western Digital's portfolio , and our unique ability to deliver both hard drive and flash solutions to our diverse end - markets and customer base . ”