Revenue segments as reported by the company.

Flash

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Employee termination, asset impairment and other charges

Business separation costs

Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Western Digital

SanDisk is a manufacturer of flash memory products, including memory cards and readers, USB flash drives, and solid state drives. As of February 2015, SanDisk is the third-largest manufacturer of flash memory. On May 12, 2016, SanDisk was acquired by hard drive manufacturer Western Digital in a US$19 billion deal.

SanDisk

HGST is a wholly owned subsidiary of Western Digital that sells hard disk drives, solid-state drives, and external storage products and services.

HGST

Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Western Digital faces revenue decline but anticipates improvement and cost reduction

Western Digital's Q3 performance reflects a mixed picture with revenue and margin improvements in certain segments but overall decline in total revenue. The company is focused on proactive cost management, investment decisions, and automation to address ongoing financial challenges. Despite the current market environment, there are opportunities for improvement in the second half and cost reduction with BiCS8.

Western Digital faces revenue decline and operational challenges in Q2

Western Digital's Q2 performance reflects revenue decline, operational challenges, and strategic actions to reset the business. Despite facing headwinds in the cloud segment, the company is strengthening its financial position and focusing on cost reduction. Opportunities exist in market stabilization, product demand improvement, and strategic financial management.

Western Digital exceeds Q3 expectations amidst demand stabilization signs

Western Digital's Q3 performance showed resilience with signs of demand stabilization and strategic actions yielding positive results in both HDD and Flash businesses. While facing revenue challenges and margin pressures, the company remains focused on addressing network security incidents and optimizing cost management strategies.

Western Digital reports Q4 revenue growth and anticipates technology opportunities

Western Digital's Q4 performance showcased revenue growth in flash shipments, operational optimization, and stabilization of hard drive demand.
The company's strengths lie in executing an innovative product roadmap, enhancing liquidity, and anticipating growth in data center technologies.
Challenges include underutilization charges, margin management concerns, and the impact of lower CapEx on future investments.
Opportunities include expected growth in 26 terabyte drives, SMR technology adoption, and recovery in nearline units, presenting avenues for business expansion.

Western Digital plans to spin off flash business for growth

Western Digital's Q1 performance exceeded revenue expectations but reported a non-GAAP loss per share, with sequential growth in flash revenue and challenges in HDD revenue.
The company's strategic decision to spin off the flash business aims to unlock shareholder value and capitalize on the flash market's growth potential.
Opportunities lie in the HDD business's innovation and growth prospects, while challenges include underutilization charges and market weaknesses in China.
Dynamic management of wafer starts and a focus on profitability and free cash flow are key strategies moving forward for Western Digital.

Western Digital meets Q2 expectations, eyes NAND market growth

Western Digital's Q2 performance met expectations with strengths in flash business management and sequential revenue growth.
Challenges include operating losses, cash outflow, and client revenue decline due to flash ASP increase.
Opportunities lie in the growing demand for NAND bits at the edge, cost reduction trends, and emerging enterprise SSD market.
Overall, Western Digital's focus on product leadership and profitability improvement positions it for long-term success.

Western Digital exceeds Q3 expectations, focuses on AI growth

Western Digital's Q3 2024 earnings call showcased strong financial performance, exceeding revenue and EPS expectations.
The company is strategically positioned to capitalize on increasing AI demand, with a focus on profitability and market leadership.
Challenges include managing bit growth, monitoring AI impact on HDD demand, and maintaining gross margin targets.
Opportunities lie in leading technology development, tailored product offerings, and partnerships for market advantage.

Western Digital reports strong Q4 earnings, eyes growth opportunities

Western Digital's Q4 performance reflects solid revenue and earnings, driven by growth in Flash and HDD segments.
The company's strengths in innovation, market positioning, and strategic planning position it well for future growth.
While facing challenges such as dis-synergy costs and industry dynamics, Western Digital has opportunities to capitalize on market trends and drive further revenue growth.

Western Digital excels in Q1 2025 earnings, anticipates sequential growth

Western Digital's Q1 performance reflects a robust financial position with strong revenue and earnings growth. The company's strategic focus on Flash and HDD businesses, along with the ongoing separation process, positions it well for future opportunities and growth.

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EBITDA

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Non-current assets

Net PPE

Intangibles

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Current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

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Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

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Cash from other sources

Net change in cash

Free cash flow

Western Digital (WDC) implements an incident response plan and initiates an investigation to address the security breach.

Western Digital (WDC) Reports Network Security Breach

Data storage giant Western Digital has confirmed that hackers exfiltrated data from its systems during a “network security incident” last week. The California-based company said in a statement on Monday that an unauthorized third party gained access to “a number” of its internal systems on March 26.

Western Digital says hackers stole data in ‘network security' breach

Data storage devices maker Western Digital Corp on Monday said it is looking into a network security incident, after a breach in some systems disrupted parts of its business operations.

Western Digital reports network security incident

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today provided information regarding a network security incident involving some of its systems and the Company's active response to this matter. On March 26, 2023, Western Digital identified a network security incident involving Western Digital's systems. In connection with the ongoing incident, an unauthorized third party gained access to a number of the Company's systems.

Western Digital Provides Information on Network Security Incident

Western Digital (WDC) and Kioxia Corporation unveil new 3D flash memory technology with improved performance and reliability.

Western Digital (WDC) & Kioxia Launch New 3D Flash Memory

TOKYO & SAN JOSE, Calif.--(BUSINESS WIRE)--Demonstrating continued innovation, Kioxia Corporation and Western Digital Corp. (NASDAQ: WDC) today announced details of their newest 3D flash memory technology. Applying advanced scaling and wafer bonding technologies, the 3D flash memory delivers exceptional capacity, performance and reliability at a compelling cost, which makes it ideal for meeting the needs of exponential data growth across a broad range of market segments.

Kioxia and Western Digital Announce Newest 3D Flash Memory

Western Digital (WDC) will leverage Adeia's intellectual property portfolio to expand its footprint in the semiconductor industry.

Western Digital (WDC) & Adeia Sign Semiconductor License Deal

Illumina

Microsoft

Twist Bioscience Corp

SAN DIEGO--(BUSINESS WIRE)--The DNA Data Storage Alliance, a SNIA Technology Affiliate, formed in 2020 by Illumina, Inc. (NASDAQ: ILMN), Microsoft (Nasdaq: MSFT), Twist Bioscience Corporation (NASDAQ: TWST) and Western Digital (NASDAQ: WDC) to create and promote an interoperable storage ecosystem based on DNA as a data storage medium, today announced the appointments of CATALOG Technologies and Quantum Corporation to the governing board of the Alliance.

DNA Data Storage Alliance Announces Board Appointments

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (NASDAQ: WDC) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World's Most Ethical Companies. Western Digital has been recognized five times and is one of only six honorees in the technology industry. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries.

Ethisphere Names Western Digital as One of the 2023 World's Most Ethical Companies® for the Fifth Time

Western Digital Corporation (NASDAQ:WDC ) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 11:35 AM ET Company Participants Dave Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants Joe Moore - Semiconductor Industry Analyst Joe Moore Hi, everybody. I'm back. I'm Joe Moore from Morgan Stanley.

Western Digital Corporation (WDC) Presents at Morgan Stanley Technology, Media & Telecom Conference

Western Digital (WDC) reported earnings 30 days ago. What's next for the stock?

Why Is Western Digital (WDC) Down 12% Since Last Earnings Report?

Amkor Technology

Cognizant Technology Solutions

Fiserv

Global Payments

Kulicke & Soffa Industries

UiPath

While the new year generally delivered a sense of optimism, it's important for investors not to ignore overlooked tech stocks to buy. Of course, the broader technology space inherently commands significant attention.

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Western Digital is a multinational corporation that designs, produces, and distributes data storage products and services. With a weekly fluctuation rate of 6.8% compared to the industry's 7.2% during the last three months, the company's share price volatility has been comparatively lower than the industry's.

Western Digital: A Total Reset In Progress

Micron Technology

Seagate Technology Holdings PLC

Micron said late Thursday a board committee has approved plans to cut certain executives' salaries and suspended all executive bonuses in the fiscal year 2023.

Western Digital, Micron, Seagate All Get Upgrades. A 'Cyclical Bottom' Is Forming.

First Republic

Marathon Petroleum

Everest RE Group

Mill Street Research, an independent consulting and research company, released its weekly newsletter on Monday. The report includes buy ideas and sell ideas for the Russell 1000.

Top 2 stocks to buy and 2 to avoid: research company

Tesla

Warner Bros Discovery Inc

The broad market soared last month -- here were the big winners.

Should You Still Buy the S&P 500's Best-Performing January Stocks?

Applied Materials

Intel

Marvell Technology

NXP Semiconductors

QUALCOMM

Semiconductor stocks were among the most battered names in 2022. A supply glut coupled with slowing sales of personal computers, smartphones and other devices conspired to drag the stocks of nearly all semiconductor and microchip companies lower.

7 Sorry Semiconductor Stocks to Sell in February Before It's Too Late

Western Digital (WDC) fiscal second quarter top line was affected by challenging flash pricing environment.

Western Digital (WDC) Reports Loss in Q2, Revenues Beat

Western Digital Corporation (NASDAQ:WDC ) Q2 2023 Results Conference Call January 31, 2023 4:30 PM ET Company Participants Peter Andrew - Investor Relations David Goeckeler - CEO Wissam Jabre - CFO Conference Call Participants C.J. Muse - Evercore Aaron Rakers - Wells Fargo Securities Joe Moore - Morgan Stanley Krish Sankar - Cowen and Company Wamsi Mohan - Bank of America.

Western Digital Corporation (WDC) Q2 2023 Earnings Call Transcript

Western Digital (WDC) delivered earnings and revenue surprises of -425% and 3.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Western Digital (WDC) Reports Q2 Loss, Tops Revenue Estimates

Memory chip maker Western Digital Corp said on Tuesday it will receive $900 million through a convertible preferred stock deal from private equity firm Apollo Global Management Inc and hedge fund Elliott Management Corp.

Western Digital gets $900 million investment from Apollo, Elliot

Western Digital Corp. WDC, -0.66% shares fell in the extended session Tuesday after the data-storage device company's outlook fell below Wall Street expectations. Western Digital stock fell as much as 7% after hours, following a 0.7% decline to close the regular session at $43.95.

Western Digital stock drops as outlook disappoints

SAN JOSE, Calif.--( BUSINESS WIRE )--Western Digital Corp. (Nasdaq: WDC) today reported fiscal second quarter 2023 financial results.

Western Digital Reports Fiscal Second Quarter 2023 Financial Results

SAN JOSE, Calif.--( BUSINESS WIRE )--Western Digital Corporation (“Western Digital”) (Nasdaq: WDC) today announced that funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”) led the purchase of $900 million of convertible preferred stock of Western Digital, along with Elliott Investment Management L.P. (together with its affiliates, “Elliott”) who also invested in the convertible offering. The investment strengthens Western Digital's financial position and flexibility as the company continues its review of strategic alternatives aimed at further optimizing long-term value for its shareholders.

Western Digital Announces $900 Million Convertible Preferred Equity Investment Led by Apollo-Managed Funds

Western Digital stock is approaching its 200-day moving average as the maker of memory chips and disk drives gets ready to report earnings. The post Western Digital Earnings Arrive During Difficult Times In Memory Chips appeared first on Investor's Business Daily.

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