Western Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results
News Summary
— Fourth quarter revenue was $4.3 billion , up 18% year-over-year (YoY).
Data Center Devices and Solutions revenue grew 32%, Client Devices grew
19%, and Client Solutions declined 9% YoY. Fiscal year 2020 revenue was
$16.7 billion , up 1.0% YoY.

— Fourth quarter GAAP earnings-per-share (EPS) was $0.49 and non-GAAP EPS
was $1.23 . Both GAAP and non-GAAP EPS include $96 million in costs
related to COVID-19 in the fourth quarter. Fiscal year 2020 GAAP EPS was
($0.84) and non-GAAP EPS was $3.04 .

— Generated operating cash flow of $172 million and free cash flow of $261
million in the fourth quarter. Generated operating cash flow of $824
million and free cash flow of $1.1 billion in fiscal year 2020.

— Expecting first fiscal quarter 2021 revenue to be in the range of $3.7 to
$3.9 billion with non-GAAP EPS in the range of $0.45 to $0.65 . Non-GAAP
EPS outlook includes costs related to COVID-19.