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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.

Western Digital Corporation (WDC) drives innovation in data storage solutions through its industry-leading HDD and SSD technologies. This news hub provides investors and technology professionals with essential updates on corporate developments, product advancements, and strategic initiatives shaping the storage industry.

Access curated press releases and analysis covering earnings announcements, partnership agreements, manufacturing innovations, and enterprise solution deployments. Our repository simplifies tracking of Western Digital's market positioning within competitive storage sectors including cloud infrastructure, consumer devices, and industrial applications.

Discover updates on capacity-optimized storage architectures, sustainability initiatives in manufacturing, and advancements in 3D NAND technology. Content spans operational milestones across Western Digital's global supply chain and product integration with major cloud service providers.

Bookmark this page for streamlined access to verified information about Western Digital's role in enabling next-generation computing environments. Check regularly for updates critical to understanding storage market dynamics and corporate performance indicators.

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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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Western Digital Corp. (WDC) will release its Q2 FY 2024 financial results on January 25, 2024, followed by an investor conference call. The call will be accessible via live audio webcast and webcast replay at investor.wdc.com.
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Western Digital (NASDAQ: WDC) is advancing its HDD technology roadmap to provide unmatched solutions for hyperscale, cloud, and enterprise customers. The company is shipping new 10-disk 24TB CMR HDDs and 28TB SMR HDDs, leveraging technology innovations like ePMR, OptiNAND™, and UltraSMR. These high-capacity, low-power, and reliable storage solutions are designed for data-intensive applications and are built with recycled content, contributing to sustainability targets. The new Ultrastar DC HC680 SMR HDD offers storage density for bulk storage, cloud storage, and big data storage, while the Ultrastar DC HC580 CMR HDD maximizes data density and power efficiency. These drives are being qualified by select hyperscalers and OEM customers and will be available in CYQ1’24 (FYQ3’24).
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Western Digital Corp. (NASDAQ: WDC) Announces Participation in Investor Conferences
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Western Digital Corporation has priced its offering of $1.4 billion aggregate principal amount of convertible senior notes due 2028, reflecting an increase of $100 million over the previously announced offering size. The sale of the notes is expected to be completed on November 3, 2023. The notes will bear interest at a rate of 3.00% per annum and will have an initial conversion rate of 19.1589 shares of Western Digital’s common stock per $1,000 principal amount of the notes.
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Western Digital Corporation (Nasdaq: WDC) has announced a proposed offering of $1.3 billion aggregate principal amount of convertible senior notes due 2028. The notes will be senior unsecured obligations and guaranteed by Western Digital's subsidiaries. Interest on the notes will be payable semiannually starting from May 15, 2024. The net proceeds will be used for various purposes including capped call transactions, refinancing existing convertible notes, and general corporate purposes.
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Western Digital Corp. reported first quarter revenue of $2.75 billion, up 3% sequentially. Cloud revenue decreased 12%, Client revenue increased 11%, and Consumer revenue increased 14%. First quarter GAAP earnings per share (EPS) was $(2.17), and Non-GAAP EPS was $(1.76). The company expects second quarter revenue to be in the range of $2.85 billion to $3.05 billion, with Non-GAAP EPS in the range of $(1.35) to $(1.05).
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Western Digital Corp. (NASDAQ: WDC) announced its plan to separate its HDD and Flash businesses into two independent, public companies. The separation aims to enhance strategic focus, capitalize on growth opportunities, and operate more efficiently. The transaction is targeted for the second half of calendar year 2024 and is intended to be tax-free. The company believes that spinning off its Flash business is the best alternative to create shareholder value.
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Western Digital Corp. to announce Q1 FY2024 financial results
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Nasdaq:WDC

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WDC Stock Data

12.70B
345.25M
0.67%
98.97%
9.24%
Computer Hardware
Computer Storage Devices
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United States
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