Western Digital’s Revenue Breakdown by End Market (2016-2023)

This statistic highlights Western Digital’s Revenue Breakdown by End Market, split across Client Devices, Client Solutions, and Data Centre Devices & Solutions, reported on a quarterly basis from Q1 2016 onwards.

Western Digital’s Revenue Breakdown by End Market

The total revenue of the company decreased by 5.5% to $3,943.0 million in Q2 2021 compared from $4,175.0 in Q3 2020, and then rose 5% quarterly, to $4,137.0 million in Q3 2021. The revenue witnessed a year-on-year decline of 0.91%, from $4,175 million in Q3 2020 to $4,137 million in Q3 2021. An increase in revenue is related to a higher exabyte volume of flash sold, largely offset by a lower average selling price per gigabyte. Q3 2020 proved to be better in terms of total revenue generated as compared to Q2 2021.
The revenue of Western Digital can be further bifurcated into the following end-markets.

(All figures are in millions, except percentages)

Client Devices
The company provides numerous data solutions that the company incorporates into their client’s devices, which consist of HDD and SSD desktop and notebook PCs, smart video systems, gaming consoles, and set-top boxes. It also includes flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, industrial and connected home applications.

The major revenue of Western Digital comes from Client Devices, which accounts for 49% of the total revenue in Q3 2021. Revenue from client devices rose from $2,131.0 million in Q2 2021 to $2,012.0 million in Q3 2021, indicating a decrease of 5.5% on a quarterly basis. It increased by 9.88% on a yearly basis, as compared to $1,831.0 million in Q3 2020.

Client Solutions
The company provides consumers with a portfolio of HDDs and SSDs embedded into external storage products and removable flash-based products, which include cards, USB flash drives, and wireless drives, through their retail and channel routes to market. Their external HDD storage products in both mobile and desktop form provide affordable, high-quality, reliable storage for backup and capacity expansion that is designed to keep digital content secure.

Client Solutions accounts for 21% of the revenue of Western Digital. Revenue from client solutions fell from $1005.0 million in Q2 2021 to $888.0 million in Q3 2021, indicating a decline of 11.5% quarterly. It rose by 8.16% yearly, when compared to $821.0 million in Q3 2020.

Data Center Devices & Solutions
The company provides an array of high-capacity enterprise HDDs and high-performance enterprise SSDs, and platforms. Their capacity enterprise helium hard drives provide high capacity storage needs and a low total cost of ownership per GB for the growing cloud data center market. These drives are primarily to be used in data storage systems, in tiered storage models, and where data must be stored reliably for years.

Data Center Devices & Solutions accounts for 30% of the revenue of Western Digital. Revenue from Data Center Devices & solutions rose by 53.28% quarterly, from $807.0 million in Q2 2021 to $1,237.0 million in Q3 2021. It decreased by 18.77% yearly, when compared to $1,523.0 million in Q3 2020.

About Western Digital Corporation

Western Digital Corporation is a leading developer, manufacturer, and provider of knowledge storage devices and solutions that address the evolving needs of the knowledge technology (“IT”) industry and therefore the infrastructure that permits the proliferation of knowledge in virtually every other industry.
The company offers a broad range of knowledge storage products that include Client Devices, Data Center Devices and Solutions, and Client Solutions. Client Devices contains hard disc drives (“HDDs”) and solid-state drives (“SSDs”) for computing devices; flash-based embedded storage products; and flash-based memory wafers. Data Center Devices and Solutions contains high-capacity enterprise HDDs and high-performance enterprise SSDs, Data Center Software, and system solutions. Client Solutions contains HDDs and SSDs embedded into auxiliary storage products and removable flash-based products. The Company also generates license and royalty revenue related to its IP patent licenses.

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