Western Digital Updates Guidance Following Agreement With Toshiba

In a SEC filing, Western Digital Corp. updates its guidance for the second financial quarter ended December 30, 2017.

Revenue will reach $5.3 billion. It was supposed to be between $5.2 billion and $5.3 billion or an increase of 0.3% to 2%.

Fiscal 2018 revenue guidance is at the high end of the company’s long-term model of 4% to 8% revenue growth from fiscal 2017 that was $19.1 billion.