Mediaboss Marketing

Western Digital (NYSE: WDC) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended March 30 (Q3), Western Digital crushed expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.

Margins expanded across the board.

Revenue detailsWestern Digital tallied revenue of $3.04 billion. The 16 analysts polled by S&P Capital IQ anticipated revenue of $2.42 billion on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $2.25 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at $2.52. The 19 earnings estimates compiled by S&P Capital IQ predicted $1.55 per share. GAAP EPS of $1.96 for Q3 were 216% higher than the prior-year quarter's $0.62 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 32.2%, 1,400 basis points better than the prior-year quarter. Operating margin was 18.4%, 1,090 basis points better than the prior-year quarter. Net margin was 15.9%, 940 basis points better than the prior-year quarter.

Looking aheadNext quarter's average estimate for revenue is $4.41 billion. On the bottom line, the average EPS estimate is $2.48.

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