Press release
Western Digital Reports Fiscal Third Quarter 2025 Financial Results; Adopts Dividend Program and Declares Quarterly Cash Dividend on Common Stock
News Summary Third quarter revenue was $2.29 billion, down 5% sequentially (QoQ). Cloud revenue decreased 4% (QoQ), Client revenue decreased 2% (QoQ) and
About this update from Western Digital Corporation
[{"type":"text","content":"\nNews Summary\n\n\nThird quarter revenue was $2.29 billion, down 5% sequentially (QoQ). Cloud revenue decreased 4% (QoQ), Client revenue decreased 2% (QoQ) and Consumer revenue decreased 13% (QoQ).\n\n\nThird quarter GAAP earnings per share (EPS) was $2.11 and Non-GAAP EPS was $1.36.\n\n\nExpect fiscal fourth quarter 2025 revenue to be in the range of $2.45 billion +/- $150 million.\n\n\nExpect Non-GAAP EPS in the range of $1.45 +/- $0.20.\n\n\nThe company’s Board of Directors authorized the adoption of a quarterly cash dividend program and declared a cash dividend of $0.10 per share.\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nWestern Digital Corp. (Nasdaq: WDC) today reported fiscal third quarter 2025 financial results.\n\n“Western Digital executed well in its fiscal third quarter achieving revenue at the high end of our guidance range and gross margin over 40%,” said Irving Tan, CEO of Western Digital. “Even in a world marked by geopolitical uncertainty and shifting tariff dynamics, one thing remains constant: the exponential growth of data. When it comes to storing that data, at scale, no technology rivals the cost-efficiency and reliability of HDDs. With our rich portfolio of storage products, WD is uniquely positioned to meet our customers’ mass storage needs.”\n\nOn April 29, 2025, the company’s Board of Directors authorized the adoption of a quarterly cash dividend program beginning with the quarter ending June 27, 2025 and declared a cash dividend of $0.10 per share of the company’s common stock, payable on June 18, 2025 to shareholders of record as of June 4, 2025.\n\n\n\nQ3 2025 Financial Highlights\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n($ in millions, except per share amounts)\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n\n\n \n\n\n\n\nQ3 2025\n\n\n\n \n\n\n\nQ2 2025\n\n\n\n \n\n\n\nQ/Q\n\n\n\n \n\n\n\nQ3 2025\n\n\n\n \n\n\n\nQ2 2025\n\n\n\n \n\n\n\nQ/Q\n\n\n\n\n\nRevenue\n\n\n\n\n$2,294\n\n\n\n \n\n\n\n$2,409\n\n\n\n \n\n\n\ndown 5%\n\n\n\n \n\n\n\n$2,294\n\n\n\n \n\n\n\n$2,409\n\n\n\n \n\n\n\ndown 5%\n\n\n\n\n\nGross Margin\n\n\n\n\n39.8%\n\n\n\n \n\n\n\n37.7%\n\n\n\n \n\n\n\nup 2.1 ppt\n\n\n\n \n\n\n\n40.1%\n\n\n\n \n\n\n\n38.4%\n\n\n\n \n\n\n\nup 1.7 ppt\n\n\n\n\n\nOperating Expenses\n\n\n\n\n$152\n\n\n\n \n\n\n\n$347\n\n\n\n \n\n\n\ndown 56%\n\n\n\n \n\n\n\n$324\n\n\n\n \n\n\n\n$...