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.
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.
Western Digital (NASDAQ: WDC) has introduced a six-stage AI Data Cycle framework to optimize storage for AI workloads. The initiative aims to help businesses maximize AI investments, enhance efficiency, and reduce total cost of ownership (TCO).
Western Digital has aligned its Flash and HDD product roadmaps to meet the storage needs of each AI Data Cycle stage. Key product launches include a high-performance PCIe Gen5 SSD for AI training and inference, a 64TB SSD for AI data lakes, and a 32TB HDD for cost-effective storage at scale.
The Ultrastar DC SN861 SSD offers up to 3x random read performance and improved energy efficiency. The new Ultrastar DC SN655 SSD range aims for higher capacity and performance for AI data preparation. Also, the Ultrastar DC HC690 32TB HDD is designed for massive data storage in hyperscale cloud and enterprise data centers.
Western Digital's AI Data Cycle framework and new products aim to support AI's growing demands across various industries.
Western Digital Corp. (NASDAQ: WDC) will host a webcast titled 'New Era of NAND' on Monday, June 10, 2024, at 1:00 p.m. Pacific / 4:00 p.m. Eastern. This event will be led by Robert Soderbery, Executive Vice President and General Manager of the Flash business, along with other senior executives. The webcast will detail new dynamics in the NAND market and highlight Western Digital's innovation in NAND technology. A Q&A session will follow, offering attendees a chance to engage directly with the management team. The live event and replay will be accessible on Western Digital's Investor Relations website.
Western Digital Corp. (NASDAQ: WDC) will be participating in several upcoming investor conferences, including the J.P. Morgan Global Technology, Goldman Sachs Global Semiconductor, TD Cowen Technology, and Bank of America Global Technology Conferences. Management presentations will be live webcasts accessible through Western Digital's Investor Relations website, with archived replays available shortly after each event.
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