Western Digital Corporation develops, manufactures, and sells data storage devices and solutions. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and flash products. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; and data storage platforms and systems. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and still and action video cameras; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, and retailers. It operates in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: westerndigital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | Buy → Hold | The Benchmark Company | |
| 9/13/2024 | $95.00 → $80.00 | Buy | TD Cowen |
| 8/1/2024 | Buy → Hold | Summit Insights | |
| 5/14/2024 | $90.00 | Buy | Citigroup |
| 4/26/2024 | $85.00 | Hold → Buy | The Benchmark Company |
| 4/22/2024 | Outperform → Mkt Perform | Raymond James | |
| 4/5/2024 | $65.00 → $115.00 | Neutral → Buy | Rosenblatt |
| 3/27/2024 | $80.00 | Outperform | Evercore ISI |
| 1/26/2024 | $50.00 → $75.00 | Outperform | TD Cowen |
| 1/23/2024 | $70.00 | Overweight | Cantor Fitzgerald |
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4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
4 - WESTERN DIGITAL CORP (0000106040) (Issuer)
Momentum Continues Across Broad Scope of Transaction Activities Company Appoints Key Executive Leaders for Flash and HDD Companies Western Digital Corp. (NASDAQ:WDC) ("Western Digital" or "the Company") today provided an update on its previously announced plan to separate into two independent, publicly traded companies. On track for the second half of calendar year 2024, significant progress towards the completion of the separation is underway with key transactional projects including global legal entity establishment, customer and supplier contract transfers, final stage preparation for government filings, and initial executive leadership appointments for both HDD and Flash companies p
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced the Company's Board of Directors has appointed Scott Graziano as Global General Counsel; he will be based at the Company's Gardena, California, main campus near Los Angeles, effective immediately. In his new role, Mr. Graziano will report to the CEO of FF, and will serve on the Company's executive leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925744903/en/Faraday Future Appoints Scott Graziano, Senior Legal Executive wi
Western Digital Corp. (NASDAQ:WDC) today announced that Dr. Thomas (Tom) Caulfield and Miyuki Suzuki have been appointed to its board of directors effective July 6, 2021. Caulfield, currently CEO of GLOBALFOUNDRIES® and Suzuki, a Japanese-based, Fortune 100 business leader, bring semiconductor and global operating experience that complements Western Digital's growth and innovation strategy. "With semiconductor operations across the Asia-Pacific region including our joint venture with Kioxia in Japan, Western Digital makes significant investment in developing memory technology that is extremely complex. This innovation is foundational to the data infrastructure that people around the world
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Western Digital Corp. (NASDAQ:WDC) plans to announce its second quarter fiscal year 2025 financial results after the market closes on Wednesday, January 29, 2025. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the w
Sandisk previews new corporate branding defined by a ‘Mindset of Motion' Creative philosophy reflects a world of resilient data expression that moves aspirations and possibilities forward Sandisk Corporation today previewed its new corporate branding and creative direction, signaling a bold debut of the company's comeback launch as a standalone Flash and memory technology innovator, planned for early 2025. Defined by a ‘Mindset of Motion,' Sandisk's new creative direction represents a future forward philosophy where by creating paths and possibilities for people to go without limits, the company unites the current moment and their aspirations. This mindset brings people closer to thei
Western Digital Corp. (NASDAQ:WDC) today announced management participation in the following upcoming investor conferences: Event: UBS Global Technology and AI Conference Date: Tuesday, December 3, 2024 at 3:55 p.m. PT / 6:55 p.m. ET Event: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 at 9:30 a.m. PT / 12:30 p.m. ET Event: Nasdaq 51st Investor Conference Date: Tuesday, December 10, 2024 at 7:30 a.m. PT / 10:30 a.m. ET Event: Barclays 22nd Annual Global Technology Conference Date: Thursday, December 12, 2024 at 9:15 a.m. PT / 12:15 p.m. ET The management presentations will be available as live webcasts, accessible through Western Digital's Investor Relations
WASHINGTON, Nov. 21, 2024 /PRNewswire/ -- The Semiconductor Industry Association (SIA) today announced Western Digital (NASDAQ:WDC) CEO David Goeckeler has been elected Chair of the SIA Board of Directors. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. "We are thrilled to welcome our new chair for 2025, David Goeckeler of Western Digital," said SIA President and CEO John Neuffer. "David possesses years of experience in the technology and semiconductor industries, and is an outstanding advocate for our work. He wil
News Summary First quarter revenue was $4.10 billion, up 9% sequentially (QoQ). Cloud revenue increased 17% (QoQ), Client and Consumer revenue remained flat (QoQ). First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78. Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion. Expect Non-GAAP EPS in the range of $1.75 to $2.05. Western Digital Corp. (NASDAQ:WDC) today reported fiscal first quarter financial results. "Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven
Company Leads Industry with New 11-disk UltraSMR HDDs up to 32TB and CMR HDDs up to 26TB, Offering Superior TCO for Hyperscale, Cloud and Enterprise Data Center Customers More than just storage, Western Digital HDDs are key enablers for businesses looking to optimize their infrastructure, lower TCO and future-proof their data strategies. Constantly innovating to meet the needs of our data-driven world, Western Digital (NASDAQ:WDC) today announced that it is now shipping the world's highest capacity UltraSMR HDD with up to 32TB 1 leveraging the time-tested, reliable energy-assisted PMR (ePMR) recording technology for hyperscalers, CSPs and enterprises. For those who want a drop-in ready HDD
Western Digital Corp. (NASDAQ:WDC) today announced that its PCIe® Gen5 DC SN861 E.1S enterprise-class NVMe™ SSDs have been certified to support the NVIDIA® GB200 NVL72 rack-scale system. The rapid rise of AI, ML, and large language models (LLMs) is creating a challenge for companies with two opposing forces. Data generation and consumption are accelerating, while organizations face pressure to quickly derive value from this data. Performance, scalability, and efficiency are essential for AI technology stacks as storage demands rise. Certified to be compatible with the GB200 NVL72 system, Western Digital's enterprise SSD addresses the growing needs of the AI market for high-speed accelerate
Western Digital Corp. (NASDAQ:WDC) plans to announce its first quarter fiscal year 2025 financial results after the market closes on Thursday, October 24, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world
Western Digital Corp. (NASDAQ:WDC) today announced management participation in the following upcoming investor conferences: Event: Citi's 2024 Global TMT Conference Date: Wednesday, September 04, 2024 at 4:30 a.m. PT / 7:30 a.m. ET Event: Goldman Sachs Communacopia + Technology Conference Date: Tuesday, September 10, 2024 at 7:30 a.m. PT / 10:30 a.m. ET The management presentations will be available as live webcasts, accessible through Western Digital's Investor Relations website at investor.wdc.com. Archived replays will be accessible through the website shortly after the conclusion of the presentations. About Western Digital Western Digital is on a mission to unlock the potentia
News Summary Fourth quarter revenue was $3.76 billion, up 9% sequentially (QoQ). Cloud revenue increased 21% (QoQ), Client revenue increased 3% (QoQ) and Consumer revenue decreased 7% (QoQ). Fiscal year 2024 revenue was $13.00 billion. Fourth quarter GAAP earnings per share (EPS) was $0.88 and Non-GAAP EPS was $1.44. Fiscal year 2024 GAAP EPS was $(1.72) and Non-GAAP EPS was $(0.20). Expect fiscal first quarter 2025 revenue to be in the range of $4.00 billion to $4.20 billion. Expect Non-GAAP EPS in the range of $1.55 to $1.85. Western Digital Corp. (NASDAQ:WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. "Our fourth quarter and fiscal year
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Western Digital Corp. (NASDAQ:WDC) plans to announce its second quarter fiscal year 2025 financial results after the market closes on Wednesday, January 29, 2025. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the w
News Summary First quarter revenue was $4.10 billion, up 9% sequentially (QoQ). Cloud revenue increased 17% (QoQ), Client and Consumer revenue remained flat (QoQ). First quarter GAAP earnings per share (EPS) was $1.35 and Non-GAAP EPS was $1.78. Expect fiscal second quarter 2025 revenue to be in the range of $4.20 billion to $4.40 billion. Expect Non-GAAP EPS in the range of $1.75 to $2.05. Western Digital Corp. (NASDAQ:WDC) today reported fiscal first quarter financial results. "Western Digital's performance in the fiscal first quarter demonstrates our commitment to operational excellence and disciplined capital investment as our focus on lasting quality and reliability, driven
Western Digital Corp. (NASDAQ:WDC) plans to announce its first quarter fiscal year 2025 financial results after the market closes on Thursday, October 24, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world
News Summary Fourth quarter revenue was $3.76 billion, up 9% sequentially (QoQ). Cloud revenue increased 21% (QoQ), Client revenue increased 3% (QoQ) and Consumer revenue decreased 7% (QoQ). Fiscal year 2024 revenue was $13.00 billion. Fourth quarter GAAP earnings per share (EPS) was $0.88 and Non-GAAP EPS was $1.44. Fiscal year 2024 GAAP EPS was $(1.72) and Non-GAAP EPS was $(0.20). Expect fiscal first quarter 2025 revenue to be in the range of $4.00 billion to $4.20 billion. Expect Non-GAAP EPS in the range of $1.55 to $1.85. Western Digital Corp. (NASDAQ:WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. "Our fourth quarter and fiscal year
Western Digital Corp. (NASDAQ:WDC) plans to announce its fourth quarter and fiscal year 2024 financial results after the market closes on Wednesday, July 31, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the
News Summary Third quarter revenue was $3.46 billion, up 14% sequentially (QoQ). Cloud revenue increased 45% (QoQ), Client revenue increased 5% (QoQ) and Consumer revenue decreased (13)% (QoQ). Third quarter GAAP earnings per share (EPS) was $0.34 and Non-GAAP EPS was $0.63, which includes underutilization-related charges in HDD. Expect fiscal fourth quarter 2024 revenue to be in the range of $3.60 billion to $3.80 billion. Expect Non-GAAP EPS in the range of $0.90 to $1.20. Western Digital Corp. (NASDAQ:WDC) today reported fiscal third quarter 2024 financial results. "As evidenced by our excellent third quarter results, Western Digital continues improving through-cycle pro
Western Digital Corp. (NASDAQ:WDC) plans to announce its third quarter fiscal year 2024 financial results after the market closes on Thursday, April 25, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the world
News Summary Second quarter revenue was $3.03 billion, up 10% sequentially (QoQ). Cloud revenue increased 23% (QoQ), Client revenue decreased 2% (QoQ) and Consumer revenue increased 15% (QoQ). Second quarter GAAP earnings per share (EPS) was $(0.87) and Non-GAAP EPS was $(0.69), which includes $156 million of underutilization-related charges in Flash and HDD. Expect fiscal third quarter 2024 revenue to be in the range of $3.20 billion to $3.40 billion. Expect Non-GAAP EPS in the range of $(0.10) to $0.20, which includes $30 to $40 million of underutilization-related charges in HDD. Western Digital Corp. (NASDAQ:WDC) today reported fiscal second quarter 2024 financial results.
Western Digital Corp. (NASDAQ:WDC) plans to announce its second quarter fiscal year 2024 financial results after the market closes on Thursday, January 25, 2024. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital is on a mission to unlock the potential of data by harnessing the possibility to use it. With Flash and HDD franchises, underpinned by advancements in memory technologies, we create breakthrough innovations and powerful data storage solutions that enable the wo
News Summary First quarter revenue was $2.75 billion, up 3% sequentially (QoQ). Cloud revenue decreased 12% (QoQ), Client revenue increased 11% (QoQ) and Consumer revenue increased 14% (QoQ). First quarter GAAP earnings per share (EPS) was $(2.17) and Non-GAAP EPS was $(1.76), which includes $225 million of underutilization-related charges in Flash and HDD. Expect fiscal second quarter 2024 revenue to be in the range of $2.85 billion to $3.05 billion. Expect Non-GAAP EPS in the range of $(1.35) to $(1.05), which includes $110 to $130 million of underutilization-related charges in Flash and HDD. Western Digital Corp. (NASDAQ:WDC) today reported fiscal first quarter 2024 financ
The Benchmark Company downgraded Western Digital from Buy to Hold
TD Cowen reiterated coverage of Western Digital with a rating of Buy and set a new price target of $80.00 from $95.00 previously
Summit Insights downgraded Western Digital from Buy to Hold
Citigroup initiated coverage of Western Digital with a rating of Buy and set a new price target of $90.00
The Benchmark Company upgraded Western Digital from Hold to Buy and set a new price target of $85.00
Raymond James downgraded Western Digital from Outperform to Mkt Perform
Rosenblatt upgraded Western Digital from Neutral to Buy and set a new price target of $115.00 from $65.00 previously
Evercore ISI initiated coverage of Western Digital with a rating of Outperform and set a new price target of $80.00
TD Cowen reiterated coverage of Western Digital with a rating of Outperform and set a new price target of $75.00 from $50.00 previously
Cantor Fitzgerald initiated coverage of Western Digital with a rating of Overweight and set a new price target of $70.00