Tape Media

Tape Drives

Ethernet LTO Tape Drives

Tandberg Data RDX QuikStor

Tandberg Data RDX QuikStation

HP RDX Removable Disk

Quantum SuperLoader 3

Quantum Scalar i3 LTO

Qualstar LTO Tape Libraries

Qualstar Q8 Tape Autoloader

Qualstar Q24 Tape Autoloader

Qualstar Q48 Tape Autoloader

Qualstar Q40 Tape Library

Qualstar Q80 Tape Library

Qualstar Tape Libraries

Overland NEO Tape Libraries

Overland NEOs StorageLoader

Overland NEOs T24 Loader

Overland NEOs T48 Library

Overland NEOxl 40 Series

Overland NEOxl 80 Series

Tape Drive Autoloaders

HP StoreEver Tape Libraries

HP StoreEver MSL3040

Archiware P5 Software

XenData LTO Archive

Facilis Technology

SnapServer XSR NAS Series

Nexsan Storage

ATTO SAS / Thunderbolt

Cables & Terminators

Barcode Labels

Turtle Storage Cases

Removable Disk Storage

Imation RDX

Imation RDX Bundles

Tandberg RDXLock WORM

Quantum RDX

HP RDX+ Bundles


Dell RD1000

Reconditioned Tape Drives

Custom Sequence Barcode Labels for all your Tape Media - DLT, SDLT AIT and LTO FREE LTO BARCODE LABELS

LTO-9 Tape Drives LTO-9 Tape Libraries Now Available

SymplyPro LTO Archiving Solutions LTO-8 and LTO-9

Browse by Manufacturer
Mailing Lists

Western Digital: Fiscal 3Q20 Financial Results

$4,2 billion revenue down 1% Q/Q and up 14% Y/Y, Q/Q sales at -12% for HDDs and +12% for SSDs

(in $ million)



9 mo. 19

9 mo. 20











Net income (loss)






  • 3FQ20 revenue was $4.2 billion, up 14% Y/Y. Data center devices and solutions revenue grew 22%, client devices grew 13%, and client solutions grew 2% Y/Y.
  • 3FQ20 GAAP earnings-per-share (EPS) was $0.06 and non-GAAP EPS was $0.85. Both GAAP and non-GAAP EPS include $13 million cost of revenue impact due to Covid-19.
  • Generated operating cash flow of $142 million and free cash flow of $176 million. Suspending our dividend to strengthen our reinvestment in growth and innovation and to support our ongoing deleveraging efforts.
  • Expecting 4FQ20 revenue to be in the range of $4.25 to $4.45 billion with non-GAAP EPS in the range of $1.00 to $1.40. Non-GAAP EPS outlook anticipates the impacts due to Covid-19.

“I joined Western Digital a little over a month ago because I have strong conviction in the digital transformation that is reshaping every industry, every company and how all of us live our daily lives,” said David Goeckeler, CEO. “While I couldn’t have anticipated the unprecedented series of events that have transpired, I’m very proud of how the company has responded to an extremely dynamic environment with dedicated focus both on our employees’ safety as well as delivering our market leading technology to our customers. As the only company in the world to provide a broad array of NAND flash, SS and HDDs solutions, I’m confident our innovation will drive significant new value for customers around the world.”

The company generated $142 million in cash from operations during 3FQ20 and ended the quarter with $2.9 billion of total cash and cash equivalents. It returned $149 million to shareholders through dividends and used $212 million to reduce debt. On February 13, 2020, it declared a cash dividend of $0.50 per share of common stock, which was paid to shareholders on April 17, 2020.

Going forward, it is suspending its dividend to strengthen its reinvestment in growth and innovation and to support our ongoing deleveraging efforts. It will reevaluate dividend policy as leverage ratios improve.

The firm is bringing next gen energy-assisted drives to market, as it recognized revenue for its 16TB and 18TB drives during the quarter. Customer interest in these products, specifically 18TB drive, is high, and the ramp is on schedule.

Customer acceptance of enterprise SSDs continued to grow. Latest 96-layer NVMe-based SSDs have completed more than 20 qualifications, with well over 100 qualifications in progress at multiple cloud and OEM customers worldwide.

Demand for notebook solutions was greater than expected due to the shift to working from home and e-learning. The firm experienced record client SSD revenue during 3FQ20 and expect continued growth in 4FQ20.

Desktop HDD revenue was down due to normal seasonality and the shift towards notebook solutions. In addition, smart video HDD demand was softer than expected as a result of Covid-19.

Mobile flash bit shipments remained modest in the quarter as the company strategically managed its exposure to this part of the market.

Retail was particularly affected by Covid-19, in a typically seasonally weaker quarter. As the firm approached the end of the quarter, it experienced a decline in demand from traditional brick and mortar retailers as they started to temporarily close their stores. While many retailers shifted to curbside pickup and began pushing sales through their online channels, it is expected that physical store closures will create a headwind in 4FQ20.

Shopping Cart
Your cart is empty.

Tandberg Data RDX Quikstor Removable Disk Cartridges

RDX 10 Pack Promotion - celebrating 10 Years of RDX Technology

SnapSever XSR120 and XSR40 Available

Quantum Scalar i3 LTO-9 Now Available and Shipping

Free Shipping UPS Ground - $500 min. order

Repair Services - 6 Month Warranty Fast Turnaround

Outlet Center - Refurbished Tape Drives - 6 Month Warranty