Western Digital gains 2.2% AH on Q3 beats that saw revenue down 4% Y/Y to $3.9B and $0.65 EPS.
Segments: Client Devices increased 20% Y/Y to $1.95B. Data Center Devices and Solutions dropped 26% to $1.1B. Client Solutions fell 5% to $847M.
Western Digital attributes the overall and segment revenue declines to "the global economic contraction and geopolitical headwinds, which resulted in shifts in customer buying patterns."
Operating cash flow totaled $363M with FCF of $196M.
Gross margin improved 4.2 percentage points on the year to 23%.
Operating expenses dropped 6% to $834M.
Q2 guidance includes $3.75-3.95B in revenue (consensus: $3.86B) and $0.40-$0.60 (consensus: $0.55).