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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