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Western Digital - WDC STOCK NEWS

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.

Company Overview

Western Digital (WDC) is an established innovator in the storage technology industry, recognized for its comprehensive portfolio of high-performance hard disk drives (HDDs) and solid state drives (SSDs). As a vertically integrated supplier, Western Digital controls design, production, and distribution processes to deliver reliable storage devices for a wide range of applications. This includes consumer electronics, desktop and mobile computing, enterprise systems, and embedded environments. With decades of experience, the company has cemented its reputation as one of the most enduring and trusted names in data storage solutions.

Core Business Areas and Operations

At its core, Western Digital focuses on the design and manufacture of advanced storage devices that underpin modern computing and data management infrastructures. The company generates revenue by directly supplying storage solutions to original equipment manufacturers (OEMs), system integrators, and enterprise data centers. Its robust operations extend to developing networking products, media players, and software solutions which enhance the storage experience across diverse digital environments.

Market Position and Competitive Landscape

Western Digital occupies a significant position in the global storage market, particularly within the practical duopoly of HDD manufacturers, where it contends with established competitors such as Seagate. The company differentiates itself through its vertically integrated supply chain and a consistent track record of technological innovation. Its products are specifically designed to meet the rigorous demands of data centers and enterprise systems, ensuring reliability and high performance in mission-critical applications. This competitive positioning has allowed Western Digital to remain relevant and adaptable in an ever-evolving industry landscape.

Technological Innovation and Product Portfolio

Technological innovation is at the heart of Western Digital’s operations. The company consistently works on enhancing the performance and reliability of its storage solutions. Its portfolio encompasses robust HDDs suitable for high-capacity data centers and SSDs that address the need for speed and energy efficiency in mobile and desktop applications. By integrating cutting-edge technology with rigorous quality controls, Western Digital ensures its products offer long-term durability and performance across various computing environments.

Manufacturing and Global Supply Chain

Western Digital’s manufacturing processes are a critical component of its operational excellence. Much of its production is accomplished in Asia, where it benefits from deep industry expertise and well-established supply chain networks. The company operates a highly integrated manufacturing system that enables rapid innovation, precise quality control, and efficient cost management. This integration is vital for maintaining the steadfast quality and reliability expected of its storage products across global markets.

Applications and Industry Relevance

The extensive range of applications for Western Digital’s storage solutions highlights the company’s versatility. Its HDDs and SSDs are key components in a variety of sectors, including enterprise computing, consumer electronics, and industrial applications. Data centers, in particular, rely heavily on the high-capacity, reliable storage systems that Western Digital supplies, underscoring the critical role the company plays in modern digital infrastructures. Additionally, by offering networking products and media management software, Western Digital empowers users to efficiently save, store, protect, and share digital content across multiple devices.

Expertise and Industry Impact

With a history of pioneering innovations since its establishment in 1970, Western Digital has consistently set benchmarks in storage performance and reliability. The company not only meets the current needs of data-intensive applications but also fosters technological advancements that shape the future of data storage. Its commitment to continuous improvement and operational excellence is reflected in the design of storage products that are both robust and adaptable to various technological contexts. This expert-level focus on quality and integration reinforces its status as a trusted partner for a diverse global clientele.

Summary

Western Digital stands as a pillar in the storage technology sector, renowned for its durable and innovative HDDs and SSDs catering to both enterprise and consumer markets. With a vertically integrated model and a strong global manufacturing base, the company delivers high-quality storage solutions that enable efficient data management in an increasingly digital world. Its comprehensive product portfolio and precise operational strategies reflect deep industry expertise, making Western Digital a fundamental component in the ecosystem of modern data storage and computing.

Rhea-AI Summary

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.

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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.

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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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Western Digital reported fiscal third quarter 2024 financial results with revenue of $3.46 billion, up 14% sequentially. Cloud revenue increased by 45%, Client revenue by 5%, and Consumer revenue decreased by 13%. GAAP EPS was $0.34, Non-GAAP EPS was $0.63. The company expects fiscal fourth quarter revenue between $3.60 billion to $3.80 billion.
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Western Digital Corp. (WDC) will announce its Q3 fiscal year 2024 financial results on April 25, 2024. An investor conference call will follow at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
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Western Digital Corp. (WDC) provides an update on its plan to separate into two independent, publicly traded companies by the second half of 2024. The company is making significant progress in various transactional activities, including legal entity establishment, customer and supplier contract transfers, and executive leadership appointments for the Flash and HDD companies post-separation.
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Western Digital Corporation (WDC) receives the 2024 World’s Most Ethical Companies® recognition by Ethisphere for the sixth time. The company is among five honorees in the technology industry, showcasing a commitment to ethical business practices and governance. The recognition spans 20 countries and 44 industries, emphasizing the company's dedication to embedding ethics into its organizational fabric.
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Western Digital Corp. (WDC) is participating in the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024. The live webcast can be accessed through the Investor Relations website, with an archived replay available post-event.
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Kioxia Corporation and Western Digital Corporation have received a 150 billion yen subsidy from the Japanese government for their joint venture manufacturing facilities at Yokkaichi and Kitakami plants to produce the latest generation of 3D flash memory and future generation advanced nodes. This is the second time the facilities have received this subsidy, with the previous one being up to 92.9 billion yen in 2022. The companies plan to continue enhancing the development and production capabilities of cutting-edge flash memory in Japan and contribute to the development of semiconductor-related industries and talent.
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Western Digital Corp. (Nasdaq: WDC) reported second quarter revenue of $3.03 billion, up 10% sequentially. Cloud revenue increased 23%, Client revenue decreased 2%, and Consumer revenue increased 15%. The GAAP earnings per share (EPS) was $(0.87) and Non-GAAP EPS was $(0.69). The company expects fiscal third quarter 2024 revenue to be in the range of $3.20 billion to $3.40 billion with Non-GAAP EPS in the range of $(0.10) to $0.20.
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FAQ

What is the current stock price of Western Digital (WDC)?

The current stock price of Western Digital (WDC) is $40.89 as of April 1, 2025.

What is the market cap of Western Digital (WDC)?

The market cap of Western Digital (WDC) is approximately 14.2B.

What is Western Digital's core business?

Western Digital specializes in designing and manufacturing high-performance storage solutions, including hard disk drives and solid state drives. Its products cater to a broad range of applications from consumer electronics to enterprise computing systems.

How does Western Digital generate revenue?

The company generates revenue primarily through direct sales of its storage devices to OEMs, system integrators, and enterprise customers. Additionally, it offers complementary networking products and software solutions that enhance its core storage offerings.

Which industries benefit most from Western Digital’s products?

Western Digital’s products are widely used in enterprise data centers, embedded systems, mobile computing, and desktop environments. Its storage solutions are critical in applications that require reliable, high-capacity data storage and fast data access.

How does Western Digital differentiate itself in the competitive landscape?

The company differentiates itself through a vertically integrated manufacturing process, extensive quality controls, and consistent technological innovation. This operational efficiency and reliable performance have helped it secure a strong position in a market dominated by key players like Seagate.

What are the key product categories offered by Western Digital?

Western Digital offers a broad range of storage products including high-performance hard disk drives and energy-efficient solid state drives. These products are designed for use in various sectors including enterprise, consumer electronics, and industrial applications.

Where are Western Digital's manufacturing operations primarily located?

A significant portion of Western Digital’s manufacturing operations takes place in Asia, where the company leverages advanced production techniques and a well-integrated supply chain to maintain product quality and innovation.

What is the significance of Western Digital in modern data storage?

Western Digital plays a key role in enabling data storage across multiple digital platforms. Its robust and reliable storage solutions support critical applications in data centers, enterprise systems, and consumer electronics, making it an essential part of modern digital infrastructures.

Who are Western Digital's main competitors?

Western Digital operates in a market where it competes closely with companies like Seagate. Despite the competitive landscape, its vertically integrated operations and continual innovation enable it to maintain a strong market presence.
Western Digital

Nasdaq:WDC

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WDC Stock Data

14.23B
345.24M
0.67%
98.97%
9.24%
Computer Hardware
Computer Storage Devices
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United States
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