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 Corp. (NASDAQ: WDC) has expanded its WD Purple family with the new WD Purple Pro product line, aimed at advanced AI-enabled recorders and servers. This product release comes as the global video surveillance camera market is projected to grow from $23.6 billion in 2019 to $44 billion by 2025. Key features include enhanced AllFrame AI technology, supporting up to 64 HD cameras and additional AI streams. The drives offer capacities from 8TB to 18TB and are designed for demanding workloads, making them suitable for AI and video analytics applications.
Western Digital Corp. (NASDAQ: WDC) will participate in several upcoming investor conferences, showcasing its commitment to data solutions. Key events include the J.P. Morgan 49th Annual Global Technology Conference on May 26, 2021, the Cowen Technology, Media & Telecom Conference on June 1, 2021, and the Stifel Virtual Cross Sector Insight Conference on June 8, 2021. Presentations will be accessible via live webcast on Western Digital's Investor Relations website, with archived replays available post-event.
Western Digital Corp. (NASDAQ: WDC) has been awarded the prestigious Pro Patria Award by the Employer Support of the Guard and Reserve (ESGR) for its outstanding support of National Guard and Reserve employees. Recognized in the Large Business category by California's ESGR committee, the award highlights the company's commitment to facilitating military service for its employees. Initiatives include the We.Salute group, care packages for deployed members, and partnerships with veteran organizations. This accolade adds to Western Digital's previous honors, underscoring its dedication to supporting military personnel.
Western Digital Corp. (WDC) reported fiscal Q3 2021 revenue of $4.137 billion, a slight decline of 1% year-over-year. Key drivers included strong demand in Client Devices, with revenue rising 10%. However, Data Center Devices & Solutions revenue fell 19%. Gross margin improved to 26.4%, up 2.3 percentage points. Net income surged 1059% to $197 million, with earnings per share of $0.63. For Q4 2021, the company expects revenue between $4.40B and $4.60B, with non-GAAP EPS guidance of $1.30 to $1.60, reflecting continued operational focus amidst market dynamics.
Western Digital Corp. (NASDAQ: WDC) will release its third quarter fiscal 2021 financial results on April 29, 2021, after market close. A conference call for analysts and investors will be held the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern to discuss these results. Participants can access the live audio webcast and a subsequent replay through their investor relations website at investor.wdc.com.
Western Digital has launched the SanDisk® iXpand® Flash Drive Luxe, featuring dual Lightning and USB Type-C connectors. This device aims to simplify file sharing between various devices like iPhones, iPads, and Mac computers. It allows users to easily transfer files without needing email, and supports high-speed transfers via USB 3.0. Available in 64GB, 128GB, and 256GB, pricing starts at $44.99. The product includes features like password protection and automatic backups for enhanced privacy and convenience. It's available through the Western Digital Store, Amazon, and select retailers.
Western Digital Corp. (NASDAQ: WDC) is set to host a virtual investor event on March 18 at 1:00 p.m. PT. Led by Dr. Siva Sivaram, President of Technology and Strategy, the event will delve into flash technology and the company's strategic initiatives in product innovation. Key topics include the company's flash joint venture and advancements in technology development. Investors can register for the live webcast on Western Digital’s Investor Relations website, where an archived replay will be available post-event.
Western Digital Corp. (NASDAQ: WDC) will conduct a virtual investor event on March 18 at 1:00 p.m. PT / 4:00 p.m. ET. Led by Dr. Siva Sivaram, President of Technology and Strategy, the presentation will focus on advancements in flash technology, the company's strategic initiatives, and product innovation. It will also cover the company’s flash joint venture and technology development. Interested parties can register for the live webcast on Western Digital’s Investor Relations website, with an archived replay available post-presentation.
Western Digital Corp. (NASDAQ: WDC) and Kioxia Corporation have unveiled their sixth-generation, 162-layer 3D flash memory technology, marking a significant advancement in their 20-year partnership. This technology achieves a 40% reduction in die size compared to its predecessor, optimizing costs while increasing manufacturing efficiency by 70% bits per wafer. Furthermore, the new architecture enhances program performance by 2.4 times and improves read latency by 10%. This innovation is poised to support diverse applications, particularly in data-driven sectors.
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