Welcome to our dedicated page for Western Digital news (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital stock.
Western Digital Corporation (WDC) is a renowned innovator in the storage technology industry, established in 1970 and headquartered in Irvine, California. The company specializes in manufacturing reliable and high-performance hard disk drives (HDDs) and solid-state drives (SSDs), catering to a broad range of applications. These include desktop and mobile computers, enterprise computing systems, embedded systems, and consumer electronics.
As a leading vertically integrated supplier of data storage solutions, Western Digital operates in a practical duopoly with Seagate in the HDD market. Additionally, it holds the position of the largest global producer of NAND flash chips for SSDs, achieved through a joint venture with Kioxia. This extensive product portfolio empowers users worldwide to seamlessly save, store, protect, share, and experience their digital content across multiple devices.
The company's innovative spirit is reflected in its recent projects and achievements. Western Digital continues to push the boundaries of storage technology, delivering advanced solutions designed to meet the evolving needs of both consumers and enterprises. The company’s products are widely recognized for their performance, reliability, and cutting-edge technology.
Western Digital's robust financial condition and strategic partnerships further cement its position as a leader in the storage industry. The company's networking products, media players, and software solutions complement its hardware offerings, providing a comprehensive ecosystem for data management and storage.
For the latest updates and detailed information about Western Digital Corporation, please visit their official website at www.wd.com.
Sandisk has previewed its new corporate branding and creative direction, which it describes as a 'Mindset of Motion.' This new branding reflects a philosophy focused on resilient data expression, aimed at facilitating aspirations and possibilities. Sandisk plans to re-launch as a standalone Flash and memory technology innovator in early 2025. The new wordmark highlights mobility and versatility, symbolizing a seamless world of data expression and storage.
Joel Davis, Sandisk's Vice President of Creative, stated that the new visual brand philosophy is inspired by the future and diverse ways customers consume data. The new logo, featuring clean lines and minimalist design, represents the speed and efficiency of Flash technology. The design includes an open D and a pixel-driven S, symbolizing collaboration and partnership. For more details, visit Sandisk.com.
Western Digital (NASDAQ: WDC) has announced its participation in four major investor conferences in December 2024. The company will present at the UBS Global Technology and AI Conference (Dec 3), Wells Fargo TMT Summit (Dec 4), Nasdaq 51st Investor Conference (Dec 10), and Barclays Global Technology Conference (Dec 12). All management presentations will be accessible through live webcasts on Western Digital's Investor Relations website, with archived replays available after each event.
Western Digital CEO David Goeckeler has been elected Chair of the Semiconductor Industry Association (SIA) Board of Directors for 2025. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Goeckeler, who leads Western Digital as a prominent data storage producer, brings extensive experience from semiconductors, global networking, and enterprise software sectors. Previously, he served as Executive VP at Cisco's Networking and Security Business and began his career at Bell Laboratories. He was also recently appointed Chairman of the U.S.-Japan Business Council.
Western Digital (WDC) reported strong fiscal Q1 2025 results with revenue of $4.10 billion, up 9% quarter-over-quarter and 49% year-over-year. Cloud revenue increased 17% QoQ to $2.208 billion, while Client and Consumer segments remained flat. The company achieved GAAP EPS of $1.35 and Non-GAAP EPS of $1.78.
For Q2 2025, WDC expects revenue between $4.20-4.40 billion and Non-GAAP EPS of $1.75-2.05. The company faces a recent $316 million patent infringement verdict, which is under evaluation and not reflected in current financial results.
Western Digital (NASDAQ: WDC) has announced the shipping of the world's highest capacity UltraSMR HDD with up to 32TB and the highest-capacity ePMR CMR HDD with up to 26TB. These new drives feature the industry's first commercially available 11-disk design and utilize energy-assisted PMR (ePMR) recording technology.
The new HDDs are designed to meet the growing nearline demand for hyperscale, cloud, and enterprise data center customers, offering superior Total Cost of Ownership (TCO). Key innovations include OptiNAND™, ArmorCache™, and a triple-stage actuator (TSA). The 32TB Ultrastar DC HC690 SMR HDD provides up to 257 MiB/s sequential performance, while the 26TB Ultrastar DC HC590 CMR HDD offers up to 288 MiB/s sustained transfer rate.
Western Digital is also introducing 26TB WD Gold® SATA HDDs for system integrators and resellers, available in the channel. These drives are designed for heavy, continuous read-write workloads in enterprise environments.
Western Digital Corp. (NASDAQ: WDC) announced that its PCIe® Gen5 DC SN861 E.1S enterprise-class NVMe™ SSDs have been certified to support the NVIDIA® GB200 NVL72 rack-scale system. This certification addresses the growing needs of the AI market for high-speed accelerated computing combined with low latency in compute-intensive environments.
The DC SN861 SSD is designed to support AI model training, interface & prompting, and AI inference engine stages of Western Digital's AI Data Cycle framework. It offers up to 16TB capacity, delivering up to 3x random read performance increase over the previous generation with ultra-low latency for LLM training, inferencing, and AI service deployment. The SSD also provides a low power profile, reducing overall TCO.
Western Digital Corp. (NASDAQ: WDC) has announced its plans to release its first quarter fiscal year 2025 financial results on Thursday, October 24, 2024, after the market closes. The company will host an investment community conference call to discuss these results on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. Investors and interested parties can access a live audio webcast of the conference call, as well as a webcast replay, through the company's investor relations website at investor.wdc.com.
Western Digital Corp. (NASDAQ: WDC) has announced its participation in two upcoming investor conferences. The first event is Citi's 2024 Global TMT Conference on Wednesday, September 04, 2024, at 4:30 a.m. PT / 7:30 a.m. ET. The second event is the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024, at 7:30 a.m. PT / 10:30 a.m. ET.
Both management presentations will be available as live webcasts through Western Digital's Investor Relations website at investor.wdc.com. Archived replays will be accessible on the website shortly after the conclusion of each presentation, providing investors with opportunities to stay informed about the company's latest updates and strategies.
Western Digital (WDC) reported its fiscal Q4 and full-year 2024 financial results. Q4 revenue was $3.76 billion, up 9% sequentially and 41% year-over-year. Cloud revenue increased 21% QoQ, Client revenue rose 3% QoQ, while Consumer revenue decreased 7% QoQ. For the full fiscal year 2024, revenue was $13.00 billion, up 6% from 2023. Q4 GAAP EPS was $0.88, and Non-GAAP EPS was $1.44. The company expects Q1 2025 revenue to be between $4.00 billion and $4.20 billion, with Non-GAAP EPS projected at $1.55 to $1.85. CEO David Goeckeler highlighted the company's diverse portfolio and structural changes, positioning WDC to benefit from the broad market recovery and AI-driven growth opportunities.
Western Digital (NASDAQ: WDC) is set to announce its Q4 and fiscal year 2024 financial results on July 31, 2024, following the market close. An investment community conference call will be held on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern to discuss the results. Both a live audio webcast and a replay of the conference call will be accessible on their investor relations website.
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