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) announced participation in key upcoming investor conferences. The first event is the Goldman Sachs Technology & Internet Conference on February 11, 2021, at 12:40 p.m. PT / 3:40 p.m. ET. The second is the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 8:45 a.m. PT / 11:45 a.m. ET. These presentations will be available via live webcast on the company's Investor Relations website.
Western Digital Corp. (Nasdaq: WDC) reported fiscal Q2 2021 results with revenue declining 7% year-over-year to $3.943 billion, primarily due to a 46% drop in Data Center Devices revenue. However, gross margin improved to 24.3%, and operating income surged 216% to $158 million. Net income was $62 million compared to a loss of $139 million in Q2 2020. Looking ahead, the company expects Q3 revenue between $3.85 billion and $4.05 billion, with diluted earnings per share guidance of $0.55 to $0.75. Strong demand in Client Devices and retail supports growth despite challenges in data center segments.
Western Digital Corp. (NASDAQ: WDC) has partnered with the Institute for Health Metrics and Evaluation (IHME) and Qumulo to enhance COVID-19 research using its Ultrastar DC HC550 18TB HDDs and Ultrastar DC SN640 NVMe SSDs. This collaboration aims to more effectively manage and analyze extensive data sets crucial for public health decisions. With Qumulo's hybrid storage technology, IHME has improved data visualization and analytics, enabling better insights for policymakers during the vaccine rollout. The partnership highlights Western Digital's commitment to support vital health initiatives.
Western Digital Corp. (NASDAQ: WDC) is set to release its second quarter fiscal 2021 financial results after market close on January 28, 2021. A conference call to discuss these results will take place at 1:30 p.m. Pacific / 4:30 p.m. Eastern on the same day. Investors can access a live audio webcast and a replay of the call at investor.wdc.com.
Western Digital Corp. (NASDAQ: WDC) has launched a new range of 4TB portable SSDs designed to meet the growing demands of gamers and content creators. The new drives, including the SanDisk Extreme Pro and WD_Black P50 Game Drive, offer high-speed performance with read and write speeds up to 2000MB/s. Pricing starts at $679.99 and availability is expected later this quarter. The company emphasizes its commitment to delivering innovative storage solutions that cater to the storage needs of professionals and consumers worldwide.
Western Digital Corp. (NASDAQ: WDC) announced its participation in two upcoming virtual investor conferences. The events include the Wells Fargo TMT Summit 2020 on December 1, 2020, at 9:40 a.m. PT and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 10:30 a.m. PT. Both presentations will be accessible via the company's Investor Relations website, with archived replays available shortly after each event.
Western Digital specializes in data infrastructure solutions, enhancing data management across various platforms.
Western Digital (NASDAQ: WDC) has launched three special edition storage drives in collaboration with Call of Duty: Black Ops Cold War. The products include the WD_BLACK P10 Game Drive (2TB for $109.99), the WD_BLACK P50 Game Drive SSD (1TB for $249.99), and the WD_BLACK SN850 NVMe SSD (1TB for $239.99). Each drive comes with in-game Call of Duty points, enhancing value for gamers. The products aim to enhance gaming experiences by optimizing storage solutions, with availability expected in December 2020.
Western Digital (NASDAQ: WDC) introduced new NVMe SSDs at the Flash Memory Summit, aimed at enhancing data-centric architectures for data centers, industrial IoT, and automotive applications. Key products include the Ultrastar DC ZN540 ZNS NVMe SSD, offering up to 8TB capacity and 4x performance improvements, and the IX SN530 Industrial SSD designed for extreme environments. The WD Blue SN550 NVMe SSD was launched in a 2TB capacity, targeting content creators. These innovations reflect Western Digital's commitment to advancing storage technology to meet growing data demands.
Western Digital Corp. (WDC) reported fiscal Q1 2021 results with revenue down 3% year-over-year to $3.9 billion, largely due to macroeconomic uncertainties and shifts in customer purchasing patterns. Client Devices revenue rose 20% to $1.9 billion, fueled by remote work trends and gaming growth. However, Data Center Devices revenue fell 26% to $1.1 billion. Operating income improved significantly to $70 million from a loss of $129 million, while net income rose to $196 million, up 94%. For Q2 2021, WDC forecasts revenue between $3.75 billion and $3.95 billion, with adjusted EPS guidance of $0.40 to $0.60.
Western Digital Corp. (Nasdaq: WDC) appoints Ashley Gorakhpurwalla as executive vice president and general manager of its HDD business unit. Gorakhpurwalla, a 20-year veteran of Dell Technologies, previously led a $20 billion unit at Dell EMC. His role focuses on HDD portfolio strategy, product development, and engineering leadership. With almost 30 years in technology, he aims to enhance innovation in data storage solutions, supporting the company's growth strategy alongside Rob Soderbery, who leads the Flash business unit. This management change aims to drive more coordinated advancements in HDD and Flash technologies.
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