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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.

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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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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 Corp. announces management participation in Goldman Sachs Communacopia + Technology Conference
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FAQ

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

The current stock price of Western Digital (WDC) is $41.78 as of April 2, 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

WDC Rankings

WDC Stock Data

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