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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

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

Advanced Micro Devices

Equinix

NVIDIA

American Tower

Watch out for stocks like Equinix (EQIX), Western Digital (WDC), NVIDIA (NVDA), Advanced Micro Devices (AMD) and CoreSite Realty (COR) as digital transformation ramps up demand for data centers

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Western Digital (WDC) a Great Value Stock Right Now?

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) will host a virtual investor event on Thursday, July 15 beginning at 1:00 p.m. PT / 4:00 p.m. ET. The presentation will be hosted by Dr. Siva Sivaram, President of Technology and Strategy. In 2015, Western Digital made a key bet that the two large storage markets—flash and HDD—are best developed under one company, serving the diverging needs of multiple customers and market segments. Dr. Sivaram will also discuss how critica

Western Digital Announces Virtual Investor Event to Showcase the Benefits of Developing Flash and Hard Drive Technology on July 15, 2021

SAN JOSE, Calif.--(BUSINESS WIRE)--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 includi

Western Digital Appoints Dr. Thomas Caulfield and Miyuki Suzuki to Its Board of Directors

DocuSign

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Jazz Pharmaceuticals

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Align Technology

Applied Materials

Array Technologies

Baidu

Paya Holdings

Uber

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Western Digital's (WDC) iNAND MC EU551 is the first solution to be built on the company's UFS 3.1 platform.

Western Digital (WDC) Debuts Storage Solution for 5G Smartphones

Is (WDC) Outperforming Other Computer and Technology Stocks This Year?

Has Western Digital (WDC) Outpaced Other Computer and Technology Stocks This Year?

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital's second-gen UFS 3.1 mobile storage solution for 5G smartphones offers performance and capacity to support rich-media applications.

Western Digital Flash Innovations Unlock Powerful New Experiences for Next-Generation 5G Smartphone Users

Western Digital's (WDC) Ultrastar Edge servers are designed to boost speed and performance of latency-sensitive applications at the edge.

Western Digital (WDC) Unveils Ultrastar Edge: Key Takeaways

SAN JOSE, Calif.--(BUSINESS WIRE)--Providing the foundation for the world's essential data infrastructure, Western Digital (NASDAQ: WDC) today announced the availability of its new high-performance Ultrastar® Edge server family that brings compute closer to where data is generated for faster processing, lower latency and real-time decision making, even when disconnected. With the growing adoption of 5G, IoT and the cloud, businesses and consumers expect super-fast performance with their applica

Western Digital Fuels Faster Decision Making at the Edge and in Harsh Remote Environments

Western Digital (NASDAQ:WDC) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 3 4 1 Somewhat Bullish 1 0 2 0 Indifferent 0 0 1 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 16 analysts offering 12-month price targets in the last 3 months for Western Digital evaluate the company at an average price target of $91.19 with a high of $155.00 and a low of $63.00.

What 16 Analyst Ratings Have To Say About Western Digital

Western Digital Corporation (WDC) Management Presents at Bank of America Merrill Lynch 2021 Global Technology Conference (Transcript)

Illumina

Twist Bioscience Corp

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--The DNA Data Storage Alliance, an organization of more than 25 leading companies formed by Twist Bioscience Corporation (NASDAQ: TWST), Illumina, Inc. (NASDAQ: ILMN) and Western Digital (NASDAQ: WDC) together with Microsoft Research, today announced its first white paper titled “Preserving our Digital Legacy: An Introduction to DNA Data Storage.” The white paper, which can be found on the newly launched DNA Data Storage Alliance website, www.dnastor

DNA Data Storage Alliance Publishes First White Paper, Launches Website

Evercore

Western Digital Corporation (WDC) CEO David Goeckeler Presents at Evercore ISI Inaugural TMT Conference (Transcript)

Western Digital Corporation (WDC) Management Presents at Stifel 2021 Virtual Cross Sector Insight Conference (Transcript)

Is Western Digital (WDC) Stock Outpacing Its Computer and Technology Peers This Year?

Western Digital (WDC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Western Digital (WDC) Run Higher on Rising Earnings Estimates?

Western Digital Corporation (WDC) Presents at Cowen 49th Annual Technology, Media & Telecom Conference (Transcript)

Western Digital (NASDAQ:WDC) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 5 1 2 Somewhat Bullish 0 1 1 1 Indifferent 0 1 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 17 analysts have offered 12-month price targets for Western Digital. The company has an average price target of $85.24 with a high of $124.00 and a low of $63.00.

What 17 Analyst Ratings Have To Say About Western Digital

Western Digital Corp (WDC) CEO David Goeckeler Presents at JPMorgan's 49th Annual Technology Media and Communications Conference (Transcript)

SAN JOSE, Calif.--(BUSINESS WIRE)-- #wdblack--Today at its Flash Perspective event, Western Digital Corp. (NASDAQ: WDC) unveiled three new SSDs for its WD_BLACK™ portfolio of products, providing gamers around the world with fast, high-performance storage solutions to upgrade their PC and next-gen console gaming experience. “Our WD_BLACK brand delivers a clear and simple promise to gamers – fast and reliable storage that enhances their gameplay,” said Rob Soderbery, executive vice president and GM, Flash B

Western Digital Amps up Its WD_BLACK Gaming Portfolio With Three New SSD Solutions

SAN JOSE, Calif. & RALEIGH, N.C.--(BUSINESS WIRE)--Western Digital Corp. and Percona join to unlock support for ZNS SSDs in Percona servers with MySQL, the popular open-source transactional database.

Western Digital, Percona Join Forces to Extend the Zoned Storage Ecosystem, Targeting Popular MySQL Open-Source Transactional Database

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. announced its new embedded flash platform for Universal Flash Storage (UFS) 3.1 to enable mobile, automotive and IoT industries.

News for Western Digital Stock (WDC)