Western Digital
Q3 2023 Earnings Call
May 08, 2023, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon and thank you for standing by. Welcome to Western Digital's fiscal third-quarter 2023 conference call. Presently, all participants are in listen-only mode. Later, we will conduct a question-and-answer session.
[Operator instructions] As a reminder, this call is being recorded. I would now like to turn the call over to Mr. Peter Andrew, vice president for financial planning and analysis of investor relations. You may begin.
Peter Andrew -- Vice President, Investor Relations
Thank you and good afternoon, everyone. Joining me today are David Goeckeler, chief executive officer, and Wissam Jabre, chief financial officer. Before we begin, let me remind everyone that today's discussion contains forward-looking statements, including expectations for our product portfolio, cost reductions, business plans and performance, demand and market trends, and financial results based on management's current assumptions and expectations and, as such, does include risks and uncertainties. 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. Reconciliations 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. With that, I will now turn the call over to David for introductory remarks.
David Goeckeler -- Chief Executive Officer
Thank you, Peter. Good afternoon and thank you for joining the call to discuss our 2023 third-quarter results. Western Digital's third-quarter performance exceeded expectations with core metrics at the high end of our guidance range, demonstrating the company's resilience in a challenging market environment. We reported third-quarter revenue of $2.8 billion, non-GAAP gross margin of 11%, and a non-GAAP loss per share of $1.37.
Over the last several years, our team is focused on enhancing business agility and delivering a range of innovative industry-leading products that address the increasing data storage demands of our customers. The groundwork we laid, combined with the actions we have taken since the beginning of this fiscal year to rightsize and refocus our business, have enabled us to navigate a dynamic environment. I am pleased that we delivered non-GAAP gross margin at the higher end of our guidance range due to strong execution across both our HDD and flash businesses. In HDD, our early actions to streamline our manufacturing footprint and focus our product offerings on delivering the best value for our data center customers have resulted in gross margin upside and profitable market share gains in HDD.