Analysis of Reportable Segments
Western Digital Corp. operates in 2 segments: Flash-based products (Flash) and Hard disk drives (HDD).
Segment Profit Margin
Western Digital Corp., profit margin by reportable segment
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |
|---|---|---|---|---|---|---|
| Flash-based products (Flash) | 7.14% | 36.16% | 29.99% | 24.49% | — | — |
| Hard disk drives (HDD) | 24.06% | 29.44% | 27.03% | 29.02% | — | — |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Flash-based products (Flash) | Flash-based products (Flash) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Hard disk drives (HDD) | Hard disk drives (HDD) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Flash-based products (Flash)
Western Digital Corp.; Flash-based products (Flash); segment profit margin calculation
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 433) | 3,527) | 2,611) | 1,903) | —) | —) |
| Net revenue | 6,063) | 9,753) | 8,706) | 7,769) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 7.14% | 36.16% | 29.99% | 24.49% | — | — |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
1 2023 Calculation
Segment profit margin = 100 × Gross profit ÷ Net revenue
= 100 × 433 ÷ 6,063 = 7.14%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Flash-based products (Flash) | Flash-based products (Flash) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Hard disk drives (HDD)
Western Digital Corp.; Hard disk drives (HDD); segment profit margin calculation
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 1,505) | 2,661) | 2,221) | 2,602) | —) | —) |
| Net revenue | 6,255) | 9,040) | 8,216) | 8,967) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 24.06% | 29.44% | 27.03% | 29.02% | — | — |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
1 2023 Calculation
Segment profit margin = 100 × Gross profit ÷ Net revenue
= 100 × 1,505 ÷ 6,255 = 24.06%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Hard disk drives (HDD) | Hard disk drives (HDD) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net revenue
Western Digital Corp., net revenue by reportable segment
US$ in millions
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |
|---|---|---|---|---|---|---|
| Flash-based products (Flash) | 6,063) | 9,753) | 8,706) | 7,769) | —) | —) |
| Hard disk drives (HDD) | 6,255) | 9,040) | 8,216) | 8,967) | —) | —) |
| Total | 12,318) | 18,793) | 16,922) | 16,736) | —) | —) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
Gross profit
Western Digital Corp., gross profit by reportable segment
US$ in millions
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |
|---|---|---|---|---|---|---|
| Flash-based products (Flash) | 433) | 3,527) | 2,611) | 1,903) | —) | —) |
| Hard disk drives (HDD) | 1,505) | 2,661) | 2,221) | 2,602) | —) | —) |
| Total | 1,938) | 6,188) | 4,832) | 4,505) | —) | —) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).