Western Digital roller coaster continues as Seagate brings down the HAMR
Blocks&Files, Friday, January 26th, 2024
The disk/SSD downcycle low point has been reached for Western Digital with its second successive sequential revenue growth quarter.
Revenues in the second quarter of its fiscal 2024, ended December 29, were $3.03 billion, two percent down yer-on-year but up 10 percent sequentially. There was a loss of $268 million, lower than the year-ago $446 million loss. The charted pattern of quarterly results clearly shows a trough has bottomed out: ...