C3Q 2024 HDD Industry Update [Forbes]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Forbes
Total HDD shipments in C3Q 2024 were up about 6.0% compared with C2Q 2024 (32.1M versus 30.3M). Total exabytes shipped in C3Q 2024 were up about 17% from C2Q 2024, driven by greater sales of mass storage HDDs, such as nearline drives. HDD revenues (estimated at $4.51B) were up about 12.1% from the prior quarter. This quarter continued the upward trend in unit and exabyte shipments as well as revenues, that started three quarters ago. Seagate said their HDD revenue was $2.004B in the quarter with Mass Capacity HDDs accounting for 87% of this revenue. Total storage capacity shipped was 137.5EB with 128.0 for Mass Capacity and 109.1TB for Nearline HDDs, the balance of 9.5EB was shipped for legacy applications. The average HDD capacity was 10.6TB with Mass Capacity average capacity at 14.3TB and legacy average capacity at 2.4TB. The company shipped about 13M units in the quarter with an ASP of $154.51. Western Digital reported that their total HDD EB shipments increased by 14% from t
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News
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- Western Digital First Quarter 2025 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Barclays PLC from $80.00 to $90.00. They now have an "overweight" rating on the stock.MarketBeat
WDC
Earnings
- 10/24/24 - Beat
WDC
Sec Filings
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 4
- 10/29/24 - Form 144
- WDC's page on the SEC website