Lake Forest-based disk drive maker Western Digital Corp. on Thursday reported results for the June quarter that beat expectations.
Western Digital reported $2 billion in revenue, up 43% from the same period a year earlier and just ahead of analysts’ expected $1.9 billion.
Including a $15 million charge for taxes related to licensing deals, the company posted profits of $213 million, up 5% from a year ago.
Without the charges, the company saw $198 million in profits, handily beating analysts’ expectation of roughly $182 million in profits.
The company has seen a slow and steady shift in the source of its sales in the past few years driven by demand for laptops around the world.
Roughly 63% of Western Digital’s June quarter sales came from what it calls “non-desktop” sources, meaning disk drives that go into notebook computers and other consumer devices such as digital video recorders and music players.
That number has been creeping up every quarter. A year ago, a little less than half of its sales came from non-desktop sources.
Sales of branded products, which are the company’s drives sold at stores as external storage devices, totaled $386 million in the June quarter, up 68% from a year earlier.
