Western Digital Corporation (WDC)
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- Investor's Business Daily
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- GuruFocus.com
Western Digital Corp (WDC) Surpasses Quarterly Revenue Expectations, Reports Strong Earnings Growth
Comprehensive Analysis of Fiscal Q3 2024 Performance
- Reuters
Western Digital tops profit expectations on demand from cloud-computing customers
The results are the latest sign that demand for memory chips is improving, after earnings of larger rivals Micron Technology and Samsung Electronics also showed a rebound in prices of the semiconductors following a severe downturn. "We are in the early innings of unlocking the full potential of this company, and as industry supply and demand dynamics continue to improve, we will remain disciplined around our capital spending," said Western Digital CEO David Goeckeler. Western Digital said its revenue rose 23% to $3.46 billion in the three months ended March 29, beating LSEG estimates of $3.36 billion.
