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. (WDC) reported Q2 2022 revenue of $4.83 billion, a 23% YoY increase. Cloud revenue surged by 89%, while Client revenue fell by 1%, and Consumer revenue remained flat. The GAAP earnings per share (EPS) was $1.79, with non-GAAP EPS of $2.30, including $70 million in COVID-related expenses. The company generated operating cash flow of $666 million and reduced its gross debt to $7.40 billion. Looking ahead, WDC expects Q3 revenue of $4.45 billion to $4.65 billion, with non-GAAP EPS guidance of $1.50 to $1.80.
Western Digital Corp. (NASDAQ: WDC) will announce its second quarter fiscal year 2022 financial results after market close on January 27, 2022. A conference call for discussing these results is scheduled for 1:30 p.m. Pacific / 4:30 p.m. Eastern on the same day, with a live audio webcast available on their investor relations website.
Western Digital is a leader in data infrastructure, providing innovative solutions for capturing, preserving, and accessing data across various platforms.
Western Digital Corporation (NASDAQ: WDC) has successfully closed its public offering of $1 billion in senior unsecured notes, consisting of $500 million at 2.850% due 2029 and $500 million at 3.100% due 2032. The net proceeds, approximately $988 million, will be used to refinance existing debt and cover offering expenses. The company recently attained a second investment grade corporate rating from Fitch, reflecting strong cash flow and a commitment to debt reduction. This milestone positions Western Digital to assess future capital allocation strategies.
Western Digital Corp. (NASDAQ: WDC) informed investors about its participation in several upcoming virtual investor conferences. Key events include the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, the Nasdaq Investor Conference on December 1, 2021, the UBS Global TMT Virtual Conference on December 6, 2021, and the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021. Presentations will be available as live webcasts and archived on their Investor Relations website.
Western Digital (WDC) reported strong fiscal Q1 2022 results with revenue of $5.1 billion, a 29% increase year-over-year. Cloud revenue surged 72%, while Client and Consumer revenues grew modestly by 6% and 10%, respectively. The company achieved a GAAP EPS of $1.93 and a non-GAAP EPS of $2.49, despite COVID-related expenses of $56 million. Operating cash flow reached $521 million. WDC anticipates Q2 revenue between $4.70 billion and $4.90 billion, with non-GAAP EPS expected between $1.95 and $2.25.
Western Digital (NASDAQ: WDC) will release its Q1 fiscal year 2022 financial results on October 28, 2021, after the market closes. The company will host an investment community conference call 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 through investor.wdc.com.
Western Digital announced its smart factories in Malaysia and Thailand have been accepted into the Global Lighthouse Network, recognizing innovation in manufacturing technology. This distinction highlights their commitment to Fourth Industrial Revolution practices, integrating AI and automation for sustainability and efficiency. The Malaysian facility achieved a 32% cost improvement, while the Thai operation increased output by 123%, reduced costs by 30%, and improved product returns by 43%. CEO David Goeckeler emphasized the importance of technology in driving sustainable growth.
Western Digital (NASDAQ: WDC) has announced its commitment to reduce operational emissions by 42% by 2030, aligning with the Paris Climate Agreement. The Science Based Targets initiative (SBTi) has approved these goals, which include a 50% reduction in product emissions intensity. Key actions include increasing energy efficiency, adopting on-site solar, and procuring renewable energy. As of mid-2021, facilities in Northern California run on 100% renewable energy. The company aims to play a significant role in combating climate change while enhancing its operational sustainability.
Western Digital Corp. (NASDAQ: WDC) announced its participation in two upcoming investor conferences. The Deutsche Bank Technology Conference is scheduled for September 10, 2021, at 11:45 a.m. PT, while the Citi 2021 Global Technology Virtual Conference will take place on September 14, 2021, at 8:20 a.m. PT. Both presentations will be available via live webcast on Western Digital's Investor Relations website, with archived replays accessible post-event.
Western Digital Corp. (NASDAQ: WDC) unveiled a new flash-enhanced drive architecture at its HDD Reimagine event, utilizing OptiNAND technology to improve HDDs with embedded flash. This innovation supports increased capacity, performance, and reliability, addressing the growing demand for data storage. New drives will offer 2.2TB per platter using nine-disk, 20TB ePMR technology. The integration of iNAND enables higher areal density and enhanced firmware algorithms. Availability of these drives is expected across the company’s portfolio, positioning Western Digital for future advancements in storage technology.
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