Western Digital Stock Price, News & Analysis

Western Digital (WDC) and Ingrasys, a Foxconn subsidiary, have announced a strategic collaboration to develop a new Top-of-Rack (TOR) switch with embedded storage, targeted for 2027 availability. The new TOR EBOF (Ethernet Bunch of Flash) will feature Western Digital's RapidFlex™ NVMe-oF™ bridge technology and NVIDIA Spectrum™-4 switch ASIC.

The solution aims to provide distributed storage at the network edge, reducing latency and eliminating the need for separate storage networks. Key features include 100G Ethernet support, NVMe™/PCIe® Gen6 drive slots for E3.S/L SSD devices, and 400/800GbE cabling options. Western Digital's RapidFlex technology offers low-power, high-performance capabilities with minimal latency through hardware acceleration.

Western Digital (WDC) has announced a new $2.0 billion share repurchase program, effective immediately. The company can execute repurchases through open market or private transactions, potentially under a Rule 10b5-1 plan. CEO Irving Tan emphasized this program reflects confidence in Western Digital's future and product portfolio.

The buyback is part of Western Digital's three-pillar shareholder-friendly capital allocation strategy: business reinvestment, debt reduction, and shareholder returns. This initiative follows the recent introduction of a quarterly dividend, though the timing and amount of repurchases will depend on market conditions and other factors. The company maintains discretion to suspend or discontinue the program at any time.

Western Digital (NASDAQ: WDC) has made a strategic investment in Cerabyte, a pioneer in ceramic-based data storage solutions. The partnership aims to accelerate the development of Cerabyte's ceramic data storage technology, designed for permanent accessible long-term data storage. This technology offers potential advantages in total cost of ownership compared to current cold-tier solutions.

The collaboration focuses on commercializing technology for next-generation active archives, combining multiple storage technologies as the industry approaches the Yottabyte era. Cerabyte's solution promises rapid data retrieval within seconds, while being affordable, sustainable, and resilient to bit rot, requiring no periodic maintenance or environmental control.

Western Digital (WDC) has appointed Kris Sennesael as its new Chief Financial Officer, effective May 12, 2025. Sennesael brings over 25 years of finance and management experience in the semiconductor and technology sectors, most recently serving as CFO at Skyworks Solutions. In his new role, he will lead Western Digital's global finance organization, overseeing finance, accounting, tax, treasury, internal audit, corporate real estate, and investor relations.

Reporting directly to CEO Irving Tan, Sennesael's appointment aims to strengthen Western Digital's position by balancing innovation investment with operational efficiency. His track record includes successful collaboration with leadership teams to drive shareholder value and business scaling through organic and inorganic growth strategies. Prior to Skyworks, he held CFO positions at Enphase Energy and Standard Microsystems, along with leadership roles at ON Semiconductor, AMI Semiconductor, and Alcatel Microelectronics.

Western Digital (NASDAQ: WDC) has announced its participation in the upcoming JP Morgan Global Technology, Media and Communications Conference. The event is scheduled for Tuesday, May 13, 2025, at 12:10 p.m. PT / 3:10 p.m. ET. Management presentations will be accessible through live webcasts on Western Digital's Investor Relations website at investor.wdc.com. Archived replays will be made available shortly after the presentations conclude.

Western Digital reported its fiscal Q3 2025 results with revenue of $2.29 billion, marking a 5% sequential decrease but a 31% year-over-year increase. The company achieved a GAAP EPS of $2.11 and Non-GAAP EPS of $1.36.

Key performance highlights include:

• Cloud revenue at $2.0 billion (87% of total revenue), down 4% QoQ but up 38% YoY
• Client revenue at $137 million (6% of total), down 2% both QoQ and YoY
• Consumer revenue at $150 million (7% of total), down 13% QoQ and 4% YoY

The company introduced a quarterly dividend program, declaring a $0.10 per share dividend payable on June 18, 2025. Looking ahead, Western Digital expects Q4 2025 revenue between $2.3-2.6 billion with Non-GAAP EPS of $1.45 ±$0.20. The company ended Q3 with $3.48 billion in cash and reported an operating cash inflow of $508 million.

Western Digital (WDC) has successfully launched a groundbreaking rare earth element (REE) recovery program in collaboration with Microsoft, Critical Materials Recycling, and PedalPoint Recycling. The pilot program transformed ~50,000 pounds of end-of-life hard disk drives (HDDs) and related materials into valuable resources using eco-friendly processes.

The initiative achieved an impressive ~90% high-yield recovery of elemental and rare earth materials, including Neodymium, Praseodymium, and Dysprosium, while recapturing ~80% of feedstock mass. The program utilizes acid-free dissolution recycling technology, resulting in an estimated 95% reduction in greenhouse gas emissions compared to traditional mining.

This domestic recycling effort addresses critical supply chain challenges, considering that currently >85% of REE production occurs outside the U.S., with domestic recycling rates at <10%. The program demonstrates a sustainable approach to recovering valuable materials while strengthening the U.S. supply chain and supporting industries like electric vehicles, wind turbines, and advanced electronics.

Western Digital (Nasdaq: WDC) has scheduled to release its third quarter fiscal year 2025 financial results on April 30, 2025, before the market opens. The company will hold a conference call with investors to discuss the quarterly results on the same day at 5:30 a.m. Pacific / 8:30 a.m. Eastern. Investors can access both the live audio webcast and a replay of the conference call through the company's investor relations website at investor.wdc.com.

Western Digital (WDC) has appointed Ahmed Shihab as its new Chief Product Officer, bringing nearly 30 years of experience in storage and infrastructure design. Shihab joins WDC from his previous role as Corporate Vice President of Azure Storage at Microsoft, where he led engineering and operations teams for Object and Block storage.

In his new position, Shihab will lead product strategy and engineering, focusing on HDD products and solutions development. His extensive background includes serving as Vice President of Infrastructure Hardware at AWS, Vice President and Chief Architect at NetApp's File Systems Group, and over eight years at Xyratex.

CEO Irving Tan emphasized that Shihab's appointment comes at a important time for the HDD industry, citing increasing data generation, AI adoption, and growing demand for scalable storage solutions. The company aims to enhance its innovative storage solutions for hyperscalers, cloud service providers, and OEMs under Shihab's leadership.