Summary by Moomoo AI
Western Digital reported fiscal Q1 2025 revenue of $4.10 billion, up 9% QoQ and 49% YoY. GAAP EPS was $1.35, while Non-GAAP EPS reached $1.78. Cloud revenue surged 17% QoQ, driven by higher nearline HDD and enterprise SSD shipments to data centers.The company's gross margin improved to 37.9% GAAP and 38.5% Non-GAAP. Operating cash inflow was $34 million, with $1.71 billion in total cash and cash equivalents at quarter-end. Western Digital expects Q2 2025 revenue between $4.20 billion and $4.40 billion, with Non-GAAP EPS projected at $1.75 to $2.05.CEO David Goeckeler highlighted the company's operational excellence and strategic positioning in AI and data center markets. Western Digital is evaluating the accounting impact of a recent $316 million patent infringement verdict, which may affect its upcoming 10-Q filing but is not expected to change Non-GAAP results.
