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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.1B | 0.4% |
| Gross Profit | 1.55B | 14.6% |
| Cost of Revenue | 2.92B | 1.9% |
| Operating expense | 809M | 28.8% |
| Net Income | 493M | 1164.1% |
| EBITDA | 877M | 147.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 24.8B | 2.4% |
| Total Liabilities | 12.9B | 1.8% |
| Total Equity | 11.6B | 7.6% |
| Shares Outstanding | 346M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 34M | 90.7% |
| Cash from investing | -45M | 22.4% |
| Cash from financing | -102M | 68% |
EPS
Financial Highlights for Western Digital in Q3 '24
Western Digital reported a revenue of 4.1B, which is a 0.4% 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 1.55B, marking a 14.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.92B, a 1.9% 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 809M, showing a -28.8% 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 493M, showing a 1164.1% 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 877M, showing a 147.7% 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. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
