Former Chief Executive Officer & Director, Western Digital
Search every verified David Goeckeler interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Goeckeler, former CEO of Western Digital, has been focused on navigating the company through a period of significant market volatility and product transitions. In fiscal Q2 2023, he reported revenue of $3.1 billion and a non-GAAP operating loss of $119 million, with the company expecting further revenue declines in the next quarter. Goeckeler stated that the company was managing for profitability and noted that its 22-terabyte drive had shipped in significant volume. He also announced that Western Digital had secured $900 million in convertible preferred equity investments from Apollo Global Management and Elliott Investment Management, and an additional $875 million in financing, to provide financial flexibility during its strategic review. Goeckeler said the company had reduced capital expenditures, cut wafer starts by 30% in flash, and idled certain hard drive production lines to moderate supply. Earlier in his tenure, Goeckeler emphasized the company's focus on innovation and debt reduction. He stated that Western Digital had paid down $2.7 billion in debt over three years and was working to settle a tax dispute. He described the company as a diversified storage provider, with hard drives serving as a proxy for cloud growth and flash storage addressing endpoint markets like gaming consoles. Goeckeler noted that the company's next-generation 3D NAND node, Bix8, had entered the productization phase. He also commented on industry challenges, including supply chain disruptions and demand softness from major customers, and described the pandemic as having accelerated the adoption of cloud-connected devices.
“We reported second quarter revenue of $3.1 billion; our non‑GAAP operating loss was $119 million and non‑GAAP loss per share was $0.42.”
“Western Digital has entered into agreements with Apollo Global Management and Elliott Investment Management for convertible preferred equity investments totaling $900 million; Reed Raymond, a partner at Apollo, will join our board starting immediately.”
“On January 25th we secured access to $875 million of financing through a delayed draw term loan; when combined with the actions we undertook to structurally lower our cost structure these financings provide valuable financial optionality and flexibility to Western Digital as we continue our strategic review.”
“Regardless of the outcome of the strategic review, our goal is to ensure the business is in a solid financial position to invest in innovation and create long‑term shareholder value; given the ongoing nature and confidentiality of the process we will not be answering any questions about the strategic review or making c...”
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Western Digital stock plunged more than 12 percent in after-hours trading Wednesday following a weak forecast for the hard-drive maker's new fiscal year. Western Digital CEO David Goeckeler joins "Squawk Alley" to discuss earnings and the company's forecast. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. F…
Western Digital CEO David Goeckeler joins "Squawk Alley" to discuss the company's earnings and revenue amid the coronavirus ...
Jim Cramer chats witch newly installed Western Digital CEO David Goeckeler about his first days on the job and how the company is mitigating the coronavirus outbreak.
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The PC space has been stuck in the penalty box for ages, but recently it has roared, with Western Digital leading the charge. Jim Cramer spoke with the CEO on what triggered its transformation. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about Western Digital here: http://cnb.cx/2hLQAtk "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities…
David Goeckeler welcomes Lancope to Cisco Security at the 2015 VISION User Conference.
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