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

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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

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Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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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Net PPE

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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

Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

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Free cash flow

Micron Technology

Which of these NAND chipmakers is a better overall investment?

Better Buy: Micron Technology vs. Western Digital

I had a reader inquire about my opinions on the Western Digital Corporation. This isn't a dividend stock, so it's somewhat outside of my area. However, the company WAS a dividend stock and might be again - let's take a look at the company.

Some Ways To Make Money With Western Digital

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Goldman Sachs

Goldman Sachs analyst Toshiya Hari downgraded Western Digital Corp (NASDAQ:WDC) to Neutral from Buy with a price target of $62, down from $91, implying a 9.6% upside. The analyst expects cyclical pressures in the NAND business to more than offset the company's improving competitive position in nearline HDD and enterprise SSD.

Goldman Sachs Analyst Admits March Upgrade On Western Digital 'Wrong Call,' Downgrades This Time

Analyst Admits March Upgrade On Western Digital 'Wrong Call,' Downgrades This Time

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its first quarter fiscal year 2022 financial results after the market closes on Thursday, October 28, 2021. 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. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com. About Western Digital Western Digital creates environments for dat

Western Digital to Announce First Quarter Fiscal 2022 Financial Results on October 28, 2021

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SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Western Digital (NASDAQ: WDC) announced the World Economic Forum has named two of its smart factories in Asia to the Global Lighthouse Network, a community of world-leading companies that have succeeded in the adaptation of the Fourth Industrial Revolution (4IR) at scale. Of the 90 total sites within the World Economic Forum's Lighthouse network, Western Digital is the first company to receive this distinction for an intelligent factory in Malaysia. Add

The World Economic Forum Welcomes Western Digital to Prestigious Global Lighthouse Network

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Any merger of Japanese chipmaker Kioxia Holdings and U.S. rival Western Digital Corp should ensure critical operations are split equally between the two countries, a senior member of Japan's ruling party told Reuters.

Any Kioxia-Western Digital deal should ensure equal hubs in Japan, U.S. - senior lawmaker

Western Digital Corp (WDC) Presents at Citi Global Technology Virtual Broker Conference Call - (Transcript)

Deutsche Bank

Western Digital Corporation (WDC) Management Presents at Deutsche Bank 2021 Virtual Technology Conference (Transcript)

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital (NASDAQ: WDC) announced today that the Science Based Targets initiative (SBTi), has approved its greenhouse gas emissions reduction goals, which are in line with the Paris Agreement and SBTi criteria and requirements. Science-based targets are emissions reduction goals in line with what the latest climate science says is needed to prevent the worst impacts of climate change. “Committing to these aggressive science-based targets is the right thi

Western Digital's Ambitious Carbon Reduction Goals Approved by the Science Based Targets initiative

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Per a Reuters report, Western Digital's (WDC) potential merger with Kioxia may be supported by Japan's trade ministry only if the control of technology is retained by the country.

Western Digital (WDC)-Kioxia Deal May Get Japan's Support

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

Western Digital (WDC) Down 8.1% Since Last Earnings Report: Can It Rebound?

Western Digital Corp (NASDAQ:WDC) is in the spotlight this morning, after an update in regards to its potential merger with computer memory chip maker Kioxia.

Western Digital Stock in Spotlight on Kioxia Update

Japan's trade ministry is ready to back Western Digital's bid to merge with memory chipmaker Kioxia provided control of cutting edge technology stays in Japan, two sources with knowledge of the industry regulator's internal discussions said.

Exclusive-Tokyo ready to back Western Digital-Kioxia deal if key tech stays in Japan - sources

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SAN JOSE, Calif.--(BUSINESS WIRE)--At the company's HDD Reimagine event today, Western Digital Corp. (NASDAQ: WDC) introduced a new flash-enhanced drive architecture that breaks traditional boundaries of storage. Building on the company's unique ability to innovate with HDD and flash, the new storage architecture with OptiNAND™ technology optimizes and integrates HDDs with iNAND® embedded flash drives. This gives customers – like hyperscale cloud, CSPs, enterprises, smart video surveillance par

Western Digital Reimagines the Hard Drive

Western Digital's (WDC) potential acquisition of Kioxia could face several political and regulatory roadblocks, per sources.

Western Digital (WDC)-Kioxia Potential Deal Could Hit Roadblock

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A possible merger between storage hardware maker Western Digital Corp with its Japanese partner and chipmaker Kioxia Holdings could create a NAND memory chipmaking giant that rivals Samsung Electronics.

News for Western Digital Stock (WDC)