Western Digital Corporation (NASDAQ:WDC) Q1 2024 Earnings Conference Call October 30, 2023 8:30 AM ET

Company Participants

Peter Andrew - Vice President, Financial Planning and Analyst and Investor Relations

David Goeckeler - Chief Executive Officer

Wissam Jabre - Chief Financial Officer

Conference Call Participants

Joe Moore - Morgan Stanley

Aaron Rakers - Wells Fargo

Krish Sankar - TD Cowen

Wamsi Mohan - Bank of America

Sidney Ho - Deutsche Bank

Tom O'Malley - Barclays

Srini Pajjuri - Raymond James

Karl Ackerman - BNP Paribas

Timothy Arcuri - UBS

Vijay Rakesh - Mizuho

Harlan Sur - JPMorgan

Mehdi Hosseini - SIG

Toshiya Hari - Goldman Sachs

Operator

Good morning, ladies and gentlemen and welcome to the Western Digital First Quarter Fiscal 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please also note today’s event is being recorded.

At this time I’d like to turn the floor over to Peter Andrew, VP of FP&A and Investor Relations. Sir, please go ahead.

Peter Andrew

Thank you, and good afternoon, everyone. Joining me today are David Goeckeler, Chief Executive Officer; and Wissam Jabre, Chief Financial Officer.

Before I begin, we have a lot of exciting items to discuss today. In addition to the earnings press release and slides, we also have a press release and slides regarding the conclusion of our strategic review. All of these materials will be posted in the investor relations section of our website shortly.

Let me remind everyone that today's discussion contains forward-looking statements based on management's current assumptions and expectations and as such does include risks and uncertainties. These forward-looking statements include expectations for our product portfolio, spending and cost reductions, business plans and performance, market trends, financial results, the outcome of a potential separation of our HDD and flash businesses, including the form, timing, and tax-free status of the transaction, our ability to complete the transaction, the future performance of our separated businesses, and the creation of shareholder value by separating our businesses.

We assume no obligation to update these statements. Please refer to our most recent financial report on Form 10-K and other filings with the SEC for more information on the risks and uncertainties that could cause actual results to differ materially.

We will also make references to non-GAAP financial measures today. Reconciliation between the non-GAAP and comparable GAAP financial measures are included in the press release and other materials that are being posted in the investor relations section of our website.