Page 1

Western Digital News Summary First quarter revenue was $ 5.1 billion , up 29 % year - over - year ( YoY ) . Cloud revenue increased 72 % , Client revenue increased 6 % , and Consumer revenue increased 10 % YoY . First quarter GAAP earnings per share ( EPS ) was $ 1.93 and non - GAAP EPS was $ 2.49 . Non - GAAP EPS included $ 56 million in COVID - related expenses . ● Western Digital Reports Fiscal First Quarter 2022 Financial Results ● Generated operating cash flow of $ 521 million and free cash flow of $ 224 million . On October 22 , 2021 , repaid remaining Term - Loan B balance of $ 943 million . Expecting fiscal second quarter 2022 revenue to be in the range of $ 4.70 billion to $ 4.90 billion with non GAAP EPS in the range of $ 1.95 to $ 2.25 . SAN JOSE , Calif . , October 28 , 2021 2022 financial results . — Western Digital Corp. ( Nasdaq : WDC ) today reported fiscal first quarter " Strong demand across diverse end markets , particularly for our cloud products , combined with Western Digital's strong innovation engine , broad routes to market and sharpened execution , enabled us to deliver solid results within our guidance range , even in the face of significant COVID impacts and supply chain disruptions , " said David Goeckeler , Western Digital CEO . " While these disruptions are transitory , the long - term opportunities for Western Digital remain unchanged as the world's digital transformation continues to accelerate . We believe that the migration to the cloud and demand for storage solutions throughout the client and consumer markets will continue to drive a huge opportunity for Western Digital and our customers . "