Western Digital Corp. reported its fiscal first quarter 2025 financial results on October 24, 2024, with non-GAAP diluted net income per share of $1.78, surpassing the average analyst estimate of $1.74. Total revenue for the quarter was $4.095 billion, an increase of 49% year-over-year and 9% sequentially.
The Cloud end market was a primary growth driver, with revenue increasing 153% year-over-year and 17% sequentially to $2.208 billion. Non-GAAP gross margin improved significantly to 38.5%, up 34.4 percentage points year-over-year and 2.2 percentage points sequentially, reflecting operational excellence and a favorable product mix.
For the fiscal second quarter of 2025, Western Digital provided an upbeat outlook, projecting non-GAAP revenue between $4.20 billion and $4.40 billion, and non-GAAP diluted earnings per share between $1.75 and $2.05. The company noted that the financial information reported did not include any impact related to the recent $316 million patent infringement verdict, pending completion of its accounting assessment.
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