Western Digital Corporation (NASDAQ:WDC) Q1 2025 Earnings Conference Call October 24, 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 and Chief Financial Officer

Conference Call Participants

C.J. Muse - Cantor Fitzgerald
Joe Moore - Morgan Stanley
Karl Ackerman - BNP Paribas
Aaron Rakers - Wells Fargo
Timothy Arcuri - UBS
Wamsi Mohan - Bank of America
Harlan Sur - JPMorgan
Krish Sankar - TD Cowen
Amit Daryanani - Evercore
Thomas O'Malley - Barclays
Srini Pajjuri - Raymond James
Ananda Baruah - Loop Capital
Asiya Merchant - Citigroup
Steven Fox - Fox Advisors
Vijay Rakesh - Mizuho
Matthew Bryson - Wedbush

Operator

Good afternoon and thank you for standing by. Welcome to Western Digital's Fiscal First Quarter 2025 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.

Now I will turn the call 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 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, 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 will 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 first quarter fiscal year 2025 performance. Western Digital delivered revenue of $4.1 billion. Non-GAAP gross margin of 38.5% and non-GAAP earnings per share of $1.78.