Filing Flows › Western Digital (WDC) › Q3 FY25
Western Digital (WDC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Western Digital (WDC) reported revenue of $2.3B for the third quarter fiscal 2025 (Q3 FY25), +31% from a year earlier and -46% from the quarter before. Operating margin was 33.1%, net earnings $520M (22.7% of revenue).
Western Digital, Q3 FY25: revenue $2.3B (+31% year over year), operating margin 33.1%, net earnings $520M, operating cash flow $508M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -46% | +31% |
| Operating profit | $760M | — | — |
| Net earnings | $520M | — | — |
| Operating cash flow | $508M | +26% | +776% |
| Free cash flow | $379M | +32% | — |
What changed
Revenue was $2.3B in Q3 FY25, up 31% year over year and down 46% from the previous quarter. Cloud was the largest line at 87% of revenue. Cloud added $0.55B year over year (up 38%), 102% of the total change. Consumer declined 4%.
Gross margin was 39.8%, up 10.1 points from a year earlier. Operating profit was $0.76B, a 33.1% margin (up 27.8 points year over year). Of the extra revenue versus a year earlier, 123% reached operating profit, above the 5% margin then. Operating expenses fell 64% while revenue rose 31%. Net earnings were $0.52B, up 285% year over year.
Operating cash flow was $0.51B (up 776% year over year), 98% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.13B left free cash flow of $0.38B.
Questions
What was Western Digital's revenue in the third quarter fiscal 2025?
Western Digital (WDC) reported revenue of $2.3B for the third quarter fiscal 2025 (Q3 FY25), +31% from a year earlier and -46% from the quarter before.
Was Western Digital profitable in the third quarter fiscal 2025?
Operating profit was $760M (33.1% of revenue) and net earnings $520M.
Source: Western Digital 10-Q on SEC EDGAR.