Western Digital Corp. reported its fiscal third quarter 2025 financial results on April 30, 2025, with revenue of $3.85 billion, marking a 31% increase year-over-year. Non-GAAP diluted earnings per share was $1.36, exceeding analyst expectations.
The company's non-GAAP gross margin for the quarter was 32.5%, reflecting continued operational improvements. Western Digital also provided an upbeat outlook for the fiscal fourth quarter of 2025, projecting revenue between $2.55 billion and $2.75 billion, and non-GAAP diluted earnings per share between $1.39 and $1.59.
In a significant move for shareholders, Western Digital's Board of Directors adopted a quarterly cash dividend program and declared a cash dividend of $0.10 per share of common stock. This dividend will be paid on June 18, 2025, to stockholders of record as of the close of business on June 4, 2025, signaling confidence in the company's sustained profitability and cash flow generation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.