Western Digital Corporation (NASDAQ:WDC) Q4 2024 Earnings Conference Call July 31, 2024 4:30 PM ET

Company Participants

Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations
David Goeckeler - Chief Executive Officer
Wissam Jabre - Executive Vice President & Chief Financial Officer

Conference Call Participants

C.J. Muse - Cantor Fitzgerald
Joe Moore - Morgan Stanley
Grant Joslin - UBS
Aaron Rakers - Wells Fargo
Karl Ackerman - BNP Paribas
Amit Daryanani - Evercore
Vijay Rakesh - Mizuho
Wamsi Mohan - Bank of America
Toshiya Hari - Goldman Sachs
Steven Fox - Fox Advisors
Asiya Merchant - Citigroup

Operator

Good afternoon and thank you for standing by. Welcome to Western Digital's Fourth Quarter and Fiscal 2024 Conference Call. Presently, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, today's call is being recorded.

I'd now like to turn the conference over to Mr. Peter Andrew, Vice President, Financial Planning and Analysis and Investor Relations. You may begin.

Peter Andrew

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 based upon management's current assumptions and expectations and as such, does include risks and uncertainties. These forward-looking statements include expectations for our product portfolio, our business plans and performance, the separation of our Flash and HDD businesses, ongoing market trends and our future financial results. We assume no obligation to update these statements. Please refer to our most recent financial report on Form 10-K and our other filings with the SEC for more information on the risks and uncertainties that could cause actual results to differ materially from expectations. 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

Thanks, Peter. Good afternoon, everyone and thank you for joining the call to discuss our fourth quarter and fiscal year 2024 performance.

Western Digital delivered strong results with fiscal fourth quarter revenue of $3.8 billion, non-GAAP gross margin of 36.3% and non-GAAP earnings per share of $1.44. For the fiscal year 2024, revenue totaled $13 billion. We have maintained our strategic focus on aligning our portfolio of industry-leading products with growth opportunities across a broad range of end markets to mitigate volatility while structurally improving our through-cycle profitability for both Flash and HDD.