Western Digital is considering options to separate its flash memory and hard drive businesses. Earlier, activist fund Elliott Management announced the acquisition of 6 percent of the company and called for a spin-off of the flash memory business. Elliott is willing to invest more than $1 billion in the business.

Western Digital's GAAP net income for 9 months of fiscal year 2022 was $25 million, down 7.88 times from $197 million the year before. Revenue increased 5.9% to $4.381 million from $4.137 million a year earlier.

Western Digital's GAAP net income for 6 months of fiscal year 2022 was $1.174 billion, up several times from $0.002 billion in the prior year. Revenue increased 25.7% to $9.884 billion from $7.865 billion a year earlier.

Western Digital's GAAP net income for 3M 2022 fiscal year was $610 mln, compared to a loss of $60 mln in the previous year. Revenue increased 28.8% to $5.051 billion from $3.922 billion a year earlier.