Revenue segments as reported by the company.

Flash

Revenue Segments

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

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

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Litigation matter

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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

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Earnings data Q4 2022

Earnings data Q1 2023

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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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Western Digital announced better-than-feared fiscal first-quarter results today. The digital storage solutions specialist also announced plans to spin off its flash and HDD segments into two separate, public companies.

Why Western Digital Stock Popped Today

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) today announced a proposed offering of $1.3 billion aggregate principal amount of convertible senior notes due 2028 (the “notes”), subject to market and other conditions. The notes will be senior unsecured obligations of Western Digital and will be guaranteed, jointly and severally, on a senior unsecured basis by each of Western Digital's wholly-owned subsidiaries from time to time guaranteeing West.

Western Digital Announces Proposed $1.3 Billion Convertible Notes Offering

Western Digital will separate its flash-memory and traditional hard-drive businesses, the company said Monday. WDC stock jumped on the news.

Western Digital Stock Jumps On Plan To Split Businesses

Shares of Western Digital Corp. (WDC) surged more than 10% in early trading Monday before giving back some gains after the computer hard drive manufacturer said it would spin off its flash memory business.

Western Digital Shares Soar as Company Splits Off Flash Memory Business

Western Digital's (WDC) fiscal first-quarter performance is affected due to weak performance across Cloud and Client end markets.

Western Digital (WDC) Q1 Earnings Beat, Revenues Fall Y/Y

Western Digital Corporation (NASDAQ:WDC ) Q1 2024 Earnings Conference Call October 30, 2023 8:30 AM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants Joe Moore - Morgan Stanley Aaron Rakers - Wells Fargo Krish Sankar - TD Cowen Wamsi Mohan - Bank of America Sidney Ho - Deutsche Bank Tom O'Malley - Barclays Srini Pajjuri - Raymond James Karl Ackerman - BNP Paribas Timothy Arcuri - UBS Vijay Rakesh - Mizuho Harlan Sur - JPMorgan Mehdi Hosseini - SIG Toshiya Hari - Goldman Sachs Operator Good morning, ladies and gentlemen and welcome to the Western Digital First Quarter Fiscal 2024 Earnings Call. All participants will be in a listen-only mode.

Western Digital Corporation (WDC) Q1 2024 Earnings Call Transcript

Western Digital (NASDAQ: WDC ) stock is in the news Monday as investors react to the data storage company announcing plans to split into two businesses. According to a press release from Western Digital, the company's Board of Directors has approved a plan to split its HDD and Flash businesses into two separate companies.

WDC Stock Alert: Western Digital Will Split Into 2 Companies

Western Digital (WDC) came out with a quarterly loss of $1.76 per share versus the Zacks Consensus Estimate of a loss of $1.88. This compares to earnings of $0.20 per share a year ago.

Western Digital (WDC) Reports Q1 Loss, Tops Revenue Estimates

Western Digital Corp (NYSE:WDC) shares started Monday strongly as quarterly financials exceeded market forecasts and the memory maker told investors it intends to split off and spin out its flash memory business. The Western Digital brand will retain its core hard drive business whilst shares in a new vehicle holding the flash business will be issued to shareholders.

Western Digital stock rallies as it opts for a flash spin-out

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Western Digital stock surged on Monday after it said it intends to split its disk-drive and flash memory businesses into two independent companies.

Western Digital to Separate Flash-Memory Business. The Stock Is Rising.

Western Digital Corp.'s stock WDC, +1.86% was up 12.3% in premarket trading on Monday after the San Jose, Calif., data-storage company said it would spin off its flash memory businesses into a separate public company in the second half of 2024.

Western Digital's stock jumps on plan to spin off flash memory unit to shareholders

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal first quarter 2024 financial results. “Western Digital's fiscal first quarter results exceeded our expectations as the team's efforts to bolster business agility and develop differentiated and innovative products across a broad range of end-markets have resulted in sequential margin improvement across flash and HDD businesses,” said David Goeckeler, Western Digital CEO. “Our Consumer and Client end mark.

Western Digital Reports Fiscal First Quarter 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) (“Western Digital” or “the Company”) today announced its Board of Directors has unanimously approved a plan to separate its HDD and Flash businesses. Creating two independent, public companies with market-specific, strategic focus, the company's separation will better position each franchise to execute innovative technology and product development, capitalize on unique growth opportunities, extend respective leadership posit.

Western Digital to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets

Western Digital's (WDC) fiscal first-quarter performance is likely to have been affected by soft consumer demand due to prevailing global macroeconomic uncertainties and rising inflation.

Western Digital (WDC) to Post Q1 Earnings: Key Factors to Note

Western Digital's merger with Kioxia was scuttled. Interestingly, a large competitor was able to nix the deal.

Why Western Digital Plunged Today

Among the more volatile stocks in the market this year, Western Digital (NASDAQ: WDC ) continues to excite investors. Shares of WDC stock sank more than 10% in today's session.

Western Digital's Deal With Kioxia Is Off. WDC Stock Is Sinking.

WDC stock fell after Nikkei reported that Western Digital notified Kioxia Holdings that it would exit merger talks

Western Digital Stock Tumbles On Report Of Called-Off Merger Talks

Reports have circulated that Western would combine its flash business with Kioxia, separating it from its disk drive operation.

Western Digital Drops on Report Kioxia Merger Talks Have Ended

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its first quarter fiscal year 2024 financial results before the market opens on Monday, October 30, 2023. 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. 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 po.

Western Digital to Announce First Quarter Fiscal 2024 Financial Results on October 30, 2023

Western Digital Corp (NASDAQ:WDC) stock is flat this morning despite a bull note from Deutsche Bank.

Western Digital Stock Nabs Bull Note After Merger

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Only four stocks in the Technology Select Sector SPDR Fund NYSEARCA: XLK posted gains on October 13, as the spooky specter of higher interest rates sent tech stocks lower.

Economic Angst Shakes Up Techs: Chip Stocks Lead the Plunge

Expedia

Given its better prospects, we believe Western Digital stock (NYSE: WDC) is a better pick than Expedia stock (NASDAQ: EXPE).

Which Is A Better Pick – Western Digital Stock Or Expedia?

A 7% pop yesterday was enough to take shares of Western Digital Corp NASDAQ: WDC  to their highest level in over a year. It is, so far, the culmination of a 50% and more rally that's been underway since the first week of the year.

A Tech Stock You've Never Heard Of Just Hit The Rally Button

Western Digital Corp (NASDAQ:WDC) hit a fresh 52-week high today, after Bloomberg reported Kioxia Holdings' lenders are planning to refinance 2 trillion yen ($13.5 billion) in loans to support a potential merger with the former's flash memory business.

News for Western Digital Stock (WDC)