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 |
|---|---|---|---|
| 5/1/2025 | $57.00 | Overweight | Analyst |
| 5/1/2025 | $80.00 → $58.00 | Buy | TD Cowen |
| 4/30/2025 | Hold → Buy | Summit Insights | |
| 4/16/2025 | $46.00 | Overweight | Morgan Stanley |
| 4/10/2025 | $55.00 | Hold → Buy | The Benchmark Company |
| 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 |
From Expanded Open Composable Compatibility Lab Capabilities to New Storage Platforms and Broader SSD Qualifications, Western Digital is the Partner of Choice for Interoperability and Customer-centric Designs for Modern Datacenter Architectures Computex 2025 – Western Digital (NASDAQ:WDC) is redefining what's possible in storage infrastructure for AI/ML, disaggregated storage and software-defined storage (SDS) for CSPs, enterprises and STaaS providers. From massive-capacity, reliable JBODs (Just a Bunch of Disks) to ultra-fast EBOF (Ethernet Bunch of Flash) NVMe-oF™ disaggregated storage solutions for AI, the company's Platforms Business delivers world-class HDD- and SSD-based solutions th
(Computex 2025) – Western Digital (NASDAQ:WDC) and Ingrasys, a subsidiary of Foxconn Technology Group, the world's largest electronics manufacturer, today announced a strategic collaboration to deliver a new flagship Top-of-Rack (TOR) switch with embedded storage. This new TOR EBOF (Ethernet Bunch of Flash) will provide distributed storage at the network edge for lower latency storage access, reducing the need for separate storage networks and avoiding trips to centralized storage arrays. In this joint effort, Ingrasys will manufacture the high-density TOR EBOF, leveraging Western Digital's RapidFlex™ NVMe-oF™ bridge technology. Western Digital will collaborate with Ingrasys on the architec
Western Digital Corp. (NASDAQ:WDC) today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. "The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business," said Irving Tan, Chief Executive Officer of Western Digital. "At our Investor Day, we laid out the three pillars of our shareholder-friendly capital allocation strategy: reinvesting in the
Enabling Permanent Accessible Data Storage for Next-Generation Active Archives Cerabyte, the pioneer of ceramic-based data storage solutions, today announced a strategic investment from Western Digital Corp. (NASDAQ:WDC), a leading developer and manufacturer of storage solutions, including hard disk drives. The partnership will accelerate the development of Cerabyte's ground-breaking ceramic data storage technology, designed to meet the growing demand for permanent accessible long-term data storage in existing and new use cases. Next-generation active archives will combine multiple storage technologies optimizing permanent data retention and accessibility for the digital age as the indust
Western Digital (NASDAQ:WDC) announced today that it has hired Kris Sennesael as Chief Financial Officer (CFO) effective May 12, 2025. With more than 25 years of experience in finance and general management across the semiconductor and technology industries, Sennesael most recently served as CFO at Skyworks Solutions. "I am excited for Kris to join Western Digital. His tenure of being a hands-on leader and experience across all global markets will further strengthen our position moving forward," said Irving Tan, Western Digital's Chief Executive Officer. "I'm looking forward to his expertise and leadership as we build the future of Western Digital together, balancing investment for innovat
Western Digital Corp. (NASDAQ:WDC) today announced management participation in the following upcoming investor conference: Event: JP Morgan Global Technology, Media and Communications Conference Date: Tuesday, May 13, 2025 at 12:10 p.m. PT / 3:10 p.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 empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted
News Summary Third quarter revenue was $2.29 billion, down 5% sequentially (QoQ). Cloud revenue decreased 4% (QoQ), Client revenue decreased 2% (QoQ) and Consumer revenue decreased 13% (QoQ). Third quarter GAAP earnings per share (EPS) was $2.11 and Non-GAAP EPS was $1.36. Expect fiscal fourth quarter 2025 revenue to be in the range of $2.45 billion +/- $150 million. Expect Non-GAAP EPS in the range of $1.45 +/- $0.20. The company's Board of Directors authorized the adoption of a quarterly cash dividend program and declared a cash dividend of $0.10 per share. Western Digital Corp. (NASDAQ:WDC) today reported fiscal third quarter 2025 financial results. "Western Digital executed
Western Digital, Microsoft and others collaborate in rare earth element recovery and circular recycling program using environmentally friendly chemistry to help build up critical rare earth element reserves and enhance supply chains Essential to cloud data center infrastructure, hard disk drives (HDDs) are complex devices that blend material science, mechanical engineering and physics. As part of its innovation, HDDs use a range of rare earth elements (REEs) like Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy), prized for their magnetic properties to help HDDs precisely read and write data. Yet, traditional recycling methods recover only a fraction of these valuable materials, often
Western Digital Corp. (NASDAQ:WDC) plans to announce its third quarter fiscal year 2025 financial results before the market opens on Wednesday, April 30, 2025. The company will host a conference call with the investment community to discuss these results on April 30, 2025, at 5:30 a.m. Pacific / 8:30 a.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 empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers ar
Western Digital (NASDAQ:WDC) announced today that it has hired Ahmed Shihab as Chief Product Officer. Shihab, a seasoned expert in cloud storage needs and requirements, most recently served as Corporate Vice President of Azure Storage at Microsoft. In this role, he led the engineering and operations teams for Object and Block storage, driving the design and development of Microsoft's cloud storage solutions. As Western Digital's new Chief Product Officer, Shihab is responsible for leading product strategy and engineering as the company accelerates innovation and development of HDD products and solutions. "Ahmed joins Western Digital at a pivotal time for the HDD industry with data generati
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Analyst resumed coverage of Western Digital with a rating of Overweight and set a new price target of $57.00
TD Cowen reiterated coverage of Western Digital with a rating of Buy and set a new price target of $58.00 from $80.00 previously
Summit Insights upgraded Western Digital from Hold to Buy
Morgan Stanley resumed coverage of Western Digital with a rating of Overweight and set a new price target of $46.00
The Benchmark Company upgraded Western Digital from Hold to Buy and set a new price target of $55.00
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
Western Digital (NASDAQ:WDC) announced today that it has hired Kris Sennesael as Chief Financial Officer (CFO) effective May 12, 2025. With more than 25 years of experience in finance and general management across the semiconductor and technology industries, Sennesael most recently served as CFO at Skyworks Solutions. "I am excited for Kris to join Western Digital. His tenure of being a hands-on leader and experience across all global markets will further strengthen our position moving forward," said Irving Tan, Western Digital's Chief Executive Officer. "I'm looking forward to his expertise and leadership as we build the future of Western Digital together, balancing investment for innovat
NEW YORK, Feb. 19, 2025 /PRNewswire/ -- SanDisk Corp. (NASD: SNDK) will replace Leslie Inc. (NASD: LESL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 25. S&P 500 constituent Western Digital Corp. (NASD: WDC) is spinning off SanDisk in a transaction expected to be completed on February 24. Western Digital will remain in the S&P 500 post spin-off. Leslie's market capitalization is no longer representative of the small cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Feb 25, 2025 S&P SmallCap 600 Additi
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
From Expanded Open Composable Compatibility Lab Capabilities to New Storage Platforms and Broader SSD Qualifications, Western Digital is the Partner of Choice for Interoperability and Customer-centric Designs for Modern Datacenter Architectures Computex 2025 – Western Digital (NASDAQ:WDC) is redefining what's possible in storage infrastructure for AI/ML, disaggregated storage and software-defined storage (SDS) for CSPs, enterprises and STaaS providers. From massive-capacity, reliable JBODs (Just a Bunch of Disks) to ultra-fast EBOF (Ethernet Bunch of Flash) NVMe-oF™ disaggregated storage solutions for AI, the company's Platforms Business delivers world-class HDD- and SSD-based solutions th
(Computex 2025) – Western Digital (NASDAQ:WDC) and Ingrasys, a subsidiary of Foxconn Technology Group, the world's largest electronics manufacturer, today announced a strategic collaboration to deliver a new flagship Top-of-Rack (TOR) switch with embedded storage. This new TOR EBOF (Ethernet Bunch of Flash) will provide distributed storage at the network edge for lower latency storage access, reducing the need for separate storage networks and avoiding trips to centralized storage arrays. In this joint effort, Ingrasys will manufacture the high-density TOR EBOF, leveraging Western Digital's RapidFlex™ NVMe-oF™ bridge technology. Western Digital will collaborate with Ingrasys on the architec
Western Digital Corp. (NASDAQ:WDC) today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. "The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business," said Irving Tan, Chief Executive Officer of Western Digital. "At our Investor Day, we laid out the three pillars of our shareholder-friendly capital allocation strategy: reinvesting in the
News Summary Third quarter revenue was $2.29 billion, down 5% sequentially (QoQ). Cloud revenue decreased 4% (QoQ), Client revenue decreased 2% (QoQ) and Consumer revenue decreased 13% (QoQ). Third quarter GAAP earnings per share (EPS) was $2.11 and Non-GAAP EPS was $1.36. Expect fiscal fourth quarter 2025 revenue to be in the range of $2.45 billion +/- $150 million. Expect Non-GAAP EPS in the range of $1.45 +/- $0.20. The company's Board of Directors authorized the adoption of a quarterly cash dividend program and declared a cash dividend of $0.10 per share. Western Digital Corp. (NASDAQ:WDC) today reported fiscal third quarter 2025 financial results. "Western Digital executed
Western Digital Corp. (NASDAQ:WDC) plans to announce its third quarter fiscal year 2025 financial results before the market opens on Wednesday, April 30, 2025. The company will host a conference call with the investment community to discuss these results on April 30, 2025, at 5:30 a.m. Pacific / 8:30 a.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 empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers ar
News Summary Second quarter revenue was $4.29 billion, up 5% sequentially (QoQ). Cloud revenue increased 6% (QoQ), Client revenue decreased 3% (QoQ) and Consumer revenue increased 14% (QoQ). Second quarter GAAP earnings per share (EPS) was $1.63 and Non-GAAP EPS was $1.77. Expect fiscal third quarter 2025 revenue to be in the range of $3.75 billion to $3.95 billion. Expect Non-GAAP EPS in the range of $0.90 to $1.20. Western Digital Corp. (NASDAQ:WDC) today reported fiscal second quarter 2025 financial results. "As we finalize the separation of our businesses, we are confident that both Western Digital and Sandisk will continue driving innovation and providing compelling st
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