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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 3.35B | 14.5% |
Gross Profit | 1B | 103.5% |
Cost of Revenue | 2.66B | 2.9% |
Operating expense | 728M | 3.7% |
Net Income | 135M | 147% |
EBITDA | 426M | 5425% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 23.8B | 2.4% |
Total Liabilities | 12.8B | 4.7% |
Total Equity | 10.1B | 0.5% |
Shares Outstanding | 326M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 58M | 163% |
Cash from investing | 7M | 111.7% |
Cash from financing | -645M | 208% |
EPS
Financial Highlights for Western Digital in Q1 '24
Western Digital reported a revenue of 3.35B, which is a 14.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1B, marking a 103.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.66B, a -2.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 728M, showing a 3.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 135M, showing a 147% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 426M, showing a 5425% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Western Digital with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.