Western Digital Corp. reported its fiscal second quarter 2025 financial results on January 29, 2025, with revenue of $4.285 billion, an increase of 41% year-over-year and 5% sequentially. Non-GAAP diluted earnings per share was $1.77, slightly below the previous quarter's $1.78.
The Cloud end market continued its strong performance, with revenue increasing 119% year-over-year and 6% sequentially to $2.346 billion. The company's non-GAAP gross margin was 35.9%, a decrease of 2.6 percentage points sequentially but a significant increase of 20.4 percentage points year-over-year.
For the fiscal third quarter of 2025, Western Digital forecast revenue in the range of $3.75 billion to $3.95 billion, which was below Wall Street estimates. Non-GAAP diluted earnings per share is expected to be between $0.90 and $1.20, reflecting anticipated decreased demand from cloud and corporate customers.
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