Press release
Western Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results
News Summary Fourth quarter revenue was $4.3 billion, up 18% year-over-year (YoY). Data Center Devices and Solutions revenue grew 32%, Client Devices grew
About this update from Western Digital Corporation
[{"type":"text","content":"\nNews Summary\n\n\n\nFourth quarter revenue was $4.3 billion, up 18% year-over-year (YoY). Data Center Devices and Solutions revenue grew 32%, Client Devices grew 19%, and Client Solutions declined 9% YoY. Fiscal year 2020 revenue was $16.7 billion, up 1.0% YoY.\n\n\nFourth quarter GAAP earnings-per-share (EPS) was $0.49 and non-GAAP EPS was $1.23. Both GAAP and non-GAAP EPS include $96 million in costs related to COVID-19 in the fourth quarter. Fiscal year 2020 GAAP EPS was ($0.84) and non-GAAP EPS was $3.04.\n\n\nGenerated operating cash flow of $172 million and free cash flow of $261 million in the fourth quarter. Generated operating cash flow of $824 million and free cash flow of $1.1 billion in fiscal year 2020.\n\n\nExpecting first fiscal quarter 2021 revenue to be in the range of $3.7 to $3.9 billion with non-GAAP EPS in the range of $0.45 to $0.65. Non-GAAP EPS outlook includes costs related to COVID-19.\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nWestern Digital Corp. (Nasdaq: WDC) today reported fourth quarter and fiscal year 2020 financial results.\n\n\n“I am extremely proud of the way our team has navigated the complexities and uncertainties inherent in this unprecedented environment, as we continue to adapt to provide supply continuity and high-quality products to our customers and drive value for our shareholders,” said David Goeckeler, Western Digital CEO. “While we continue to navigate through a dynamic environment, we remain focused on managing the business for the long-term, including ramping two important product lines to high volume: our SSD products and our energy-assisted capacity enterprise drives. We will continue to deliver the quality, performance and cost-effectiveness our customers rely on, and I am confident that our end market diversity and breadth, broad customer base, channel reach, and innovative leadership all position Western Digital to benefit from the multi-year growth in data creation and storage.”\n\n\n\n\nQ4 2020 Financial Highlights\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nQ4 2020 \n\n\n\n\nQ4 2019 \n\n\n\n\nvs. Q4 2019 \n\n\n\n \n\n\n\nQ4 2020 \n\n\n\n\nQ4 2019 \n\n\n\n\nvs. Q4 2019 \n\n\n\n\n\nRevenue ($M)\n\n\n\n \n\n\n\n$\n\n\n\n4,2...