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Western Digital | 10-Q: Q1 2025 Earnings Report

Western Digital | 10-Q: Q1 2025 Earnings Report

西部數據 | 10-Q:2025財年一季報
美股SEC公告 ·  10/31 19:33

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Western Digital Corporation reported robust financial results for Q1 fiscal 2025 ended September 27, 2024. Revenue surged 49% year-over-year to $4.1 billion, while net income reached $493 million, a significant turnaround from a $685 million loss in the prior year period. Gross margin improved substantially to 37.9% from 3.6% a year ago, driven by higher shipments, improved pricing, and favorable product mix.The company saw strong growth across its segments, with HDD revenue up 85% and Flash revenue increasing 21% year-over-year. Cloud revenue more than doubled, rising 153% due to higher shipments of high-capacity enterprise drives. Western Digital continued to make progress on its planned separation of HDD and Flash businesses, entering the soft-spin phase in Q2 2025.Management expressed optimism about future market conditions, citing digital transformation and AI as key drivers for data storage demand. The company expects cash capital expenditures in fiscal 2025 to be higher than in 2024 but remain below 2023 levels. Western Digital also made significant progress in resolving tax matters, making payments of $153 million related to settlements for tax years 2008 through 2015.
Western Digital Corporation reported robust financial results for Q1 fiscal 2025 ended September 27, 2024. Revenue surged 49% year-over-year to $4.1 billion, while net income reached $493 million, a significant turnaround from a $685 million loss in the prior year period. Gross margin improved substantially to 37.9% from 3.6% a year ago, driven by higher shipments, improved pricing, and favorable product mix.The company saw strong growth across its segments, with HDD revenue up 85% and Flash revenue increasing 21% year-over-year. Cloud revenue more than doubled, rising 153% due to higher shipments of high-capacity enterprise drives. Western Digital continued to make progress on its planned separation of HDD and Flash businesses, entering the soft-spin phase in Q2 2025.Management expressed optimism about future market conditions, citing digital transformation and AI as key drivers for data storage demand. The company expects cash capital expenditures in fiscal 2025 to be higher than in 2024 but remain below 2023 levels. Western Digital also made significant progress in resolving tax matters, making payments of $153 million related to settlements for tax years 2008 through 2015.
西部數據公司報告了截至2024年9月27日的2025財年第一季度強勁的財務業績。營業收入同比激增49%,達到41億,而凈利潤達到了49300萬,較上一年度同期的68500萬虧損實現了顯著扭轉。毛利率從一年前的3.6%大幅改善至37.9%,這得益於更高的出貨量、改善的定價和有利的產品組合。公司在各個業務領域都實現了強勁增長,硬盤驅動器(HDD)營業收入同比增長85%,閃存營業收入增長21%。雲業務營業收入翻了一番,增長了153%,這得益於高容量企業驅動器的出貨量增加。西部數據繼續推進其硬盤和閃存業務的分拆計劃,預計在2025財年第二季度進入軟分拆階段。管理層對未來市場條件表示樂觀,指出數字化轉型和人工智能是數據存儲需求的主要驅動因素。公司預計2025財年的現金資本支出將高於2024年,但仍低於2023年的水平。西部數據在解決稅務問題方面也取得了顯著進展,支付了15300萬與2008年至2015年稅務年度相關的和解款項。
西部數據公司報告了截至2024年9月27日的2025財年第一季度強勁的財務業績。營業收入同比激增49%,達到41億,而凈利潤達到了49300萬,較上一年度同期的68500萬虧損實現了顯著扭轉。毛利率從一年前的3.6%大幅改善至37.9%,這得益於更高的出貨量、改善的定價和有利的產品組合。公司在各個業務領域都實現了強勁增長,硬盤驅動器(HDD)營業收入同比增長85%,閃存營業收入增長21%。雲業務營業收入翻了一番,增長了153%,這得益於高容量企業驅動器的出貨量增加。西部數據繼續推進其硬盤和閃存業務的分拆計劃,預計在2025財年第二季度進入軟分拆階段。管理層對未來市場條件表示樂觀,指出數字化轉型和人工智能是數據存儲需求的主要驅動因素。公司預計2025財年的現金資本支出將高於2024年,但仍低於2023年的水平。西部數據在解決稅務問題方面也取得了顯著進展,支付了15300萬與2008年至2015年稅務年度相關的和解款項。
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