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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) 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.

News

Western Digital Announces Upsize And Pricing Of $1.4 Billion Convertible Notes Offering

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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 Announces Proposed $1.3 Billion Convertible Notes Offering

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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 Reports Fiscal First Quarter 2024 Financial Results

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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 to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets

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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 to Announce First Quarter Fiscal 2024 Financial Results on October 30, 2023

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Western Digital Corp. to announce Q1 FY2024 financial results
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Faraday Future Appoints Scott Graziano, Senior Legal Executive with Extensive U.S. Public Company Experience, as Global General Counsel

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Faraday Future appoints Scott Graziano as Global General Counsel, strengthening the organization and capabilities of the global legal team.
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Western Digital to Participate in Upcoming Investor Conference

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Western Digital Corp. announces management participation in Goldman Sachs Communacopia + Technology Conference
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Western Digital to Participate in Upcoming Investor Conferences

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Western Digital Corp. (NASDAQ: WDC) will be participating in two upcoming investor conferences: Deutsche Bank 2023 Technology Conference on August 31, 2023, and Evercore ISI Semiconductor & Semiconductor Equipment Conference on September 7, 2023. The management presentations will be available as live webcasts on Western Digital's Investor Relations website, with archived replays accessible shortly after the presentations.
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Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results

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Western Digital Corp. reported fiscal fourth quarter revenue of $2.7 billion, down 5% sequentially. Cloud revenue decreased 18%, while Client revenue increased 6% and Consumer revenue increased 3%. The company's fiscal year 2023 revenue was $12.3 billion. Fourth quarter GAAP earnings per share (EPS) was $(2.27) and Non-GAAP EPS was $(1.98). Expect fiscal first quarter 2024 revenue to be in the range of $2.55 billion to $2.75 billion.
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Western Digital to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on July 31, 2023

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Western Digital Corp. (NASDAQ: WDC) will announce its Q4 and fiscal year 2023 financial results on July 31, 2023. The conference call to discuss these results will be held at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
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FAQ

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

The current stock price of Western Digital (WDC) is $47.01 as of March 3, 2025.

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

The market cap of Western Digital (WDC) is approximately 17.1B.

What does Western Digital Corporation specialize in?

Western Digital Corporation specializes in manufacturing high-performance hard disk drives (HDDs) and solid-state drives (SSDs) for various applications.

When was Western Digital Corporation established?

Western Digital Corporation was established in 1970.

Where is Western Digital Corporation headquartered?

Western Digital Corporation is headquartered in Irvine, California.

Who are the main competitors of Western Digital in the HDD market?

Western Digital's main competitor in the HDD market is Seagate.

What is Western Digital's role in the SSD market?

Western Digital is the largest global producer of NAND flash chips for SSDs, in collaboration with Kioxia.

What types of products does Western Digital offer?

Western Digital offers a range of products including HDDs, SSDs, networking products, media players, and software solutions.

How does Western Digital's product portfolio benefit users?

Western Digital's products enable users to save, store, protect, share, and experience their digital content seamlessly across multiple devices.

What makes Western Digital a leader in storage technology?

Western Digital is a leader due to its innovative solutions, reliable high-performance products, and strategic partnerships in the storage industry.

Where can I find more information about Western Digital Corporation?

More information about Western Digital Corporation can be found on their official website at www.wd.com.
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Western Digital

Nasdaq:WDC

WDC Rankings

#501 Ranked by Market Cap
N/A Ranked by Dividends

WDC Stock Data

17.11B
346.53M
0.32%
96.04%
6.33%
Computer Hardware
Computer Storage Devices
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United States
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