Western Digital
Q1 2023 Earnings Call
Oct 27, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and welcome to the Western Digital first quarter fiscal 2023 earnings conference call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Peter Andrew. Please go ahead.
Peter Andrew -- Vice President, Investor Relations
Thank you, and good morning, 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 product portfolio expectations, business plans and performance, demand and market trends, and financial outlook 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 filed 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'll now turn the call over to David for introductory remarks.
David Goeckeler -- Chief Executive Officer
Thank you, Peter. Good morning, everyone, and thank you for joining the call to discuss our 2023 first quarter results. I am pleased to see the Western Digital team work together to deliver revenue at the upper half of the guidance range in the midst of an incredibly dynamic and challenging macroeconomic environment. We reported first quarter revenue of $3.7 billion and non-GAAP operating income of $307 million.
Our operating income performance was above the midpoint implied by our guidance and demonstrated our ability to actively respond and navigate this environment. Our non-GAAP earnings per share was $0.20 and included an approximately $0.30 impact due to higher than forecasted tax rate. Overall, the actions we have taken over the past few years are enabling us to manage through business cycle troughs more effectively and position the company to thrive as market conditions improve. These efforts have reinvigorated the Western Digital innovation engine and strengthened our product portfolio.