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Western Digital (WDC) guides in prepared remarks for its FQ2 earnings call for FQ3 revenue of...

Western Digital (WDC) guides in prepared remarks for its FQ2 earnings call for FQ3 revenue of $3.55B-$3.65B, in-line with a $3.59B consensus. Gross margin is expected to be 28%, nearly even with FQ2's 28.7%. Industry hard drive shipments are expected to be flat to slightly down in the seasonally weak quarter following a difficult calendar Q4. Demand from cloud services firms is strong, but PC demand remains soft. A "voluntary separation program" is being implemented. WDC -1.2% AH. STX -1.7%.

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