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This statistic highlights Western Digital’s Revenue by Product Category, split between Flash Revenue and HDD Revenue, reported on a quarterly basis from Q1 2018 onwards.
|Product category||Q1 2021||Q4 2021||Q1 2022||Contribution in Q1 2022|
(All figures are in billions, except percentages)
Western Digital’s revenue from product category include Flash revenue and HDD revenue. The company earns nearly the same amount of revenue from both of its product categories. Its total revenue increased from $3.91 billion in Q1 2021 to $5.05 billion in Q1 2022, marking a 29.15% increase on a year-on-year basis. It also grew by 2.64% on a quarter-on-quarter basis, from $4.92 in Q1 2021 to $5.05 billion in Q1 2022.
Revenue from different product categories is discussed as follows:
Western Digital creates and manufactures solid-state storage products for a diversity of purposes, including enterprise as well as cloud storage, client storage, locomotive, mobile devices, and changeable memory devices. Flash-based storage products deliver non-volatile data storage, centered on flash technology. It is leveraging its expertise, sources including deliberate investments in non-volatile memories to discover a wide spectrum of incessant memory and storage-class memory technologies. It has also initiated, defined and created standards to endure new market needs and to promote wide recognition of flash storage standards.
In Q1 2022, revenue from Western Digital’s Flash Revenue product category earned $2.49 billion, which was a 20.28% increase on a yearly basis, when compared to $2.07 billion earned in Q1 2021 and a 2.9% quarterly increase when compared to $2.42 billion earned in Q4 2021. Flash Revenue accounted for 49.20% of Western Digital’s total revenue in Q1 2022.
HDD refers to Hard Disk Drives. HDDs provide non-volatile data storage by capturing magnetic information on a rotating disk. It has led the business in innovation to drive augmented areal density and high-performance characteristics. Its improvements in HDD capacity, which lowers product costs over time, has been enabled essentially through developments in the magnetic recording head and media technologies. It develops as well as manufactures majorly all of the recording heads and magnetic channels used in its HDD products. The recording heads work as “the brain” of the HDD and require semiconductor production tools and technology to produce them.
Western Digital’s HDD Revenue grew by 28.12% on a yearly basis, from $1.84 billion earned in Q1 2021 to $2.56 billion earned in Q1 2022. It also increased by 2.4% quarterly when compared to $2.50 billion earned in Q4 2021. The product category of HDD Revenue contributed 50.80% to Western Digital’s total revenue.
Western Digital Corporation (“Western Digital”) is a leading manufacturer, developer and provider of data storage devices and solutions that discourse the evolving needs of information technology (“IT”) and the infrastructure that assists the multiplying of data in virtually every industry. It is providing the innovation needed to assist customers in capturing, saving access, and transforming and always diversifying data.
Western Digital Corporation was founded in 1970 in Santa Ana, California. It operates in the data storage industry. The ability to use, store and share data from any place on any device is incessantly important to its customers. From the intelligent edge to the cloud, data storage is an essential component of supporting the global technology architecture. Western Digital’s strengths in invention and cost management, expansive product portfolio, and wide routes to market provide a foundation upon which it is congealing its position as a vital building block of the digital economy. There’s a terrific market opportunity rolling from the quick global adoption of the technology architecture built with cloud arrangement tied to intellectual endpoints, all connected by great performance networks. The common stock of the company is publicly traded on the NASDAQ under the symbol ‘WDC’.
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