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C4Q 2024 HDD Industry Update [Forbes]

Western Digital Corporation (WDC) More Company Research Source: Forbes

Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report

US:NASDAQ Investor Relations: investor.wdc.com

Total HDD shipments in C4Q 2024 were down about 1.3% compared with C2Q 2024 (31.7M versus 32.1M). Total exabytes shipped in C4Q 2024 were up about 7.2% from C3Q 2024, driven by greater sales of mass storage HDDs, such as nearline drives. HDD revenues (estimated at $5.7B) were up about 8.6% from the prior quarter. This quarter continued the upward trend in exabyte shipments as well as revenues, that started four quarters ago, although total unit shipments were down in Q4 due to reduced demand for legacy HDDs. Nearline HDD shipments were up from the prior quarter. For calendar year 2024, total HDD shipments were 123.9M units, up 1.6% from 2023. This was the first increase in HDD annual unit shipments since 2014, driven by the growth in nearline storage. Total Exabytes shipped in 2024 were 1,337EB (1.34ZB), up 49% from 2023. HDD revenues in 2024 were $19.8B, up 48% from 2023, in line with the growth of higher priced nearline drives. PROMOTED Seagate said their HDD revenue was $2,1 [Read more]

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