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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Cost of revenue

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SG&A

Other

Operating income

EBITDA

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Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

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Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Western Digital (NASDAQ: WDC) stock price dropped around 45% from $80 in 2017 end to around $43 currently, primarily due to unfavorable changes in its P/S multiple.

Why Has Western Digital Stock Underperformed The S&P Since 2017?

Alto Ingredients

APA Corporation

When seeking value opportunities, investors could be interested in the following stocks since their prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based discounted cash flow calculator.

3 Potential Value Opportunities

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Skyworks Solutions

The semiconductor industry has been hammered in 2022. Early in the year, lingering effects of a supercharged growth spurt turned sour.

BNP Paribas Sifts Through 6 Tech Stocks, Names a Top Pick and an Underperformer

Western Digital Corporation (NASDAQ:WDC ) Goldman Sachs Communacopia + Technology Conference September 12, 2022 12:15 PM ET Company Participants Dave Goeckeler – Chief Executive Officer Wissam Jabre – Executive Vice President and Chief Financial Officer Conference Call Participants Toshiya Hari – Goldman Sachs Toshiya Hari Okay. I think we're ready to go.

Western Digital Corporation (WDC) Goldman Sachs Communacopia + Technology Conference Transcript

Western Digital Corporation (NASDAQ:WDC ) Evercore ISI 2nd Annual TMT Conference September 8, 2022 1:30 PM ET Company Participants David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants C.J. Muse - Evercore ISI C.J.

Western Digital Corporation (WDC) Presents at Evercore ISI 2nd Annual TMT Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC ) Citi 2022 Global Technology Conference September 7, 2022 12:15 PM ET Company Participants Wissam Jabre – Chief Financial Officer David Goeckeler – Chief Executive Officer Conference Call Participants Jim Suva – Citi Jim Suva Hello everyone. Thank you so much.

Western Digital Corporation (WDC) Citi 2022 Global Technology Conference

The stock price of Western Digital (WDC) fell by 2.54% in the most recent trading session. This is why.

Western Digital (WDC) Stock: Why It Fell 2.54%

Western Digital Corp. WDC, -2.54% shares fell 3.4% in premarket trades Thursday after a profit warning from Seagate Technology Holdings STX, -3.54% reduced expectations for data center technology providers. Benchmark cut its rating on Western Digital to sell from hold, with a price target of $34 a share.

Western Digital cut to sell at Benchmark, shares fall

Western Digital Corporation (NASDAQ:WDC ) Deutsche Bank 2022 Technology Conference August 31, 2022 11:15 AM ET Company Participants Siva Sivaram - President & Head, Technology & Strategy Conference Call Participants Sidney Ho - Deutsche Bank Sidney Ho Okay. Good morning everyone.

Western Digital Corporation (WDC) Deutsche Bank 2022 Technology Conference (Transcript)

Western Digital Corp (NASDAQ: WDC) shares are trading lower by 2.14% to $42.43 Wednesday morning after Seagate Technology Holdings PLC (NASDAQ: STX) lowered its guidance. What Happened?

Western Digital Corp. (WDC) – Why Western Digital Stock Is Falling

Intel

NVIDIA

Many semiconductor stocks are retreating this morning after a prominent name in the sector, Nvidia (NASDAQ: NVDA ), preannounced weaker-than-expected second-quarter revenue yesterday. NVDA stock fell 7% on the news yesterday.

Why Are Semiconductor Stocks Down Today?

Western Digital Corp., which is considering a breakup of its hard disk drive and flash businesses, is also wrestling with a tough macroeconomic environment.

Could a tough macro environment speed up Western Digital's breakup?

Western Digital delivered an overall acceptable June quarter 2022 performance, but the stock did not react. Investors should detach from quarterly results and look at the company from a more high-level perspective: WDC trades at deep value multiples.

Western Digital: Trading At 60% Discount To Peers

Disappointing earnings and guidance plagued this memory and storage maker.

Why Western Digital Fell Today

Western Digital (WDC) fiscal fourth-quarter top line was affected by weakness in Client and Consumer segments' performance. However, higher cloud revenues were a positive.

Western Digital (WDC) Q4 Earnings Beat Estimates, Revenues Miss

Western Digital (WDC) delivered earnings and revenue surprises of 0.56% and 1.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Western Digital (WDC) Tops Q4 Earnings Estimates

Western Digital Corporation (NASDAQ:WDC ) Q4 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Peter Andrew - Vice President, FP&A & Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants C.J. Muse - Evercore Aaron Rakers - Wells Fargo Joe Moore - Morgan Stanley Patrick Ho - Stifel Wamsi Mohan - Bank of America Sidney Ho - Deutsche Bank Toshiya Hari - Goldman Sachs Tom O'Malley - Barclays Timothy Arcuri - UBS Mehdi Hosseini - SIG Operator Good day and thank you for standing by.

Western Digital Corporation (WDC) CEO David Goeckeler on Q4 2022 Results - Earnings Call Transcript

The company is forecasting first-quarter adjusted earnings per share to range between 35 cents and 65 cents, well below consensus estimates for $1.88,

Western Digital Tumbles as Guidance Comes in Well Below Expectations

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2022 financial results. "I am proud of our team for driving strong fiscal year 2022 performance, during which revenue grew 11% and non-GAAP EPS increased 81%, demonstrating progress in unlocking the earnings potential of our business,” said David Goeckeler, Western Digital CEO. “In addition to strong financial performance, fiscal year 2022 was a hallmark year for Western D

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results

Canopy Growth

DraftKings

The three major U.S. equity indexes closed lower Tuesday. The Dow Jones industrials dropped 1.23%, the S&P 500 slipped by 0.67%, and the Nasdaq dipped by 0.16%.

Earnings Previews: Canopy Growth, DraftKings, Western Digital

Western Digital's (WDC) Q4 performance is likely to gain from strong demand from cloud customers. However, uncertain macroeconomic conditions and supply chain woes are likely be headwinds.

What's in Store for Western Digital (WDC) Ahead of Q4 Earnings

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital (NASDAQ: WDC) applauds the passage of the Bipartisan Innovation Act (BIA). The BIA will help accelerate strategic investments in the next generation of advanced technology innovation and development. Congress with the support and leadership of President Biden and Commerce Secretary Raimondo have delivered concrete action to strengthen our semiconductor-technology supply chains. “We are pleased that Congress and the Biden administration have mad

Western Digital Applauds Passage of Bipartisan Innovation Act

Memory tech peers of Seagate's are tumbling after the company blames weak earnings and a sour outlook on a rough economic environment.

Micron and Western Digital Stocks Drop After Seagate's Earnings Miss. It's the Economy.

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2022 financial results before the market opens on Friday, August 5, 2022. The investment community conference call to discuss these results will be held that day at 5:30 a.m. Pacific / 8:30 a.m. Eastern. The 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 t

Western Digital to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on August 5, 2022

In the latest trading session, Western Digital (WDC) closed at $46.35, marking no change from the previous day.

News for Western Digital Stock (WDC)