Recent Insider Transactions • Jun 03
Key Executive recently sold €1.2m worth of stock On the 1st of June, Vidyadhara Gubbi sold around 2k shares on-market at roughly €479 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.4m. Vidyadhara has been a net seller over the last 12 months, reducing personal holdings by €12m. 공시 • Jun 02
Western Digital Corporation Demonstrates Storage Innovations and Platforms for Scaling Persistent Ai Workloads Western Digital Corporation announced its presence at Computex 2026 to help the industry understand that AI infrastructure is fundamentally a data system, not just a compute system. WD is at Computex addressing this reality with a forum session keynote, booth demonstrations and new storage innovations. WD's exhibit brings this data-centric architecture to life, demonstrating how storage underpins AI systems at scale. Visitors will see WD's Ultrastar HDD high-capacity storage portfolio spanning UltraSMR, ePMR and HAMR. The company will also be highlighting its two industry-first advanced HDD innovations: High Bandwidth Drive Technology and Dual Pivot Drive Technology, which together project a 4x increase in HDD throughput while maintaining the relative I/O per TB rate customers enjoy today. This reduces the need for customers to increase SSD deployment or rearchitect services as capacity scales. WD’s Platform solutions highlighted will include the Ultrastar Data Series JBODs, OpenFlex EBOF, and RapidFlex NVMe-oF controller. These solutions help cloud, neo cloud and HPC companies accelerate adoption by optimizing capacity and performance, reducing costs, and improving time to value without requiring costly infrastructure designs. WD is also showcasing its new Ultrastar Data 3000 series JBODs, delivering the scalable capacity required for AI data growth. Using ArcticFlow multizone cooling and patented IsoVibe vibration isolation technologies, the Ultrastar Data 3000 series optimizes performance and reliability by reducing drive return rates by up to 62% in a platform designed for dependable operation at scale. The 3000 series also offers 12 ports of 24 Gb/s SAS-4 host connectivity, enabling customers to stay ahead of bandwidth demands as capacity and workload intensities grow. WD will also share tiered storage solutions, including architectures built on Ceph and others developed with IBM Storage Scale and XTAO, that align performance and economics to each stage of the AI data lifecycle, increasing GPU efficiency while lowering cost at scale through tiered system-level architectures. The globally recognized WD Color portfolio including WD Gold, WD Red, and WD Purple, as well as the rebranded G-DRIVE family of external storage solutions designed for content creators, will also be on display. Together, these innovations position WD as a key foundational layer in AI infrastructure, enabling the persistence, movement, and scalability of data across environments. Upcoming Dividend • May 29
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 17 June 2026. Payout ratio is a comfortable 2.4% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.5%). 공시 • May 28
Western Digital Corporation Announces Appointment of Manuvir Das to Board of Directors, Effective May 26, 2026 Western Digital Corporation announced the appointment of Manuvir Das to its board of directors, effective May 26, 2026. Das previously held senior leadership roles at NVIDIA, Dell EMC, and Microsoft, and brings deep expertise in enterprise AI, data infrastructure, and cloud computing. He currently serves as an Operating Partner in the Digital Infrastructure group at Stonepeak Partners LP, a position he assumed in April 2025. Das most recently served as Head of Enterprise Computing at NVIDIA, where he led the company’s enterprise AI strategy, launched the NVIDIA AI Enterprise software suite, and worked to make AI more accessible and production-ready for enterprise customers worldwide. Prior to NVIDIA, Das led Dell EMC’s unstructured data storage business, overseeing the scale-out Isilon NAS platform and the scale-out ECS Object platform. Earlier in his career, he spent 14 years at Microsoft where he was an original engineering leader behind the development of Microsoft Azure. Das earned his master’s and doctoral degrees in Computer Science from the University of Wisconsin and his bachelor’s degree in Computer Science and Engineering from the Indian Institute of Technology Bombay. With this appointment, Western Digital's board is comprised of nine directors, eight of whom are external and independent. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €458, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Tech industry in Europe. 공시 • May 21
Western Digital Corporation Advances Next-Generation Trusted Infrastructure With Industry’s First Post-Quantum Cryptography Hard Drives Western Digital Corporation announced a significant step in next-generation infrastructure security with the integration of post-quantum cryptography (PQC) into its newest high-capacity Ultrastar UltraSMR hard disk drives. Ultrastar HDDs currently in customer qualification introduce PQC-ready secure boot and firmware protection, establishing a new standard for device trust in the Quantum Era. These drives are currently in qualification with multiple hyperscale customers, reflecting strong early interest in quantum-resilient storage architectures. WD's launch of the first hard drives to implement NIST-approved quantum-resistant algorithms marks a definitive industry transition — from theoretical planning to deployed hardware-level defense. By hardening the root of trust, WD provides a critical safeguard against threats like harvest now, decrypt later (HNDL) and similar attacks. This helps protect the massive data lakes fueling today’s AI innovations against the cryptographic protection-breaking power of tomorrow’s quantum computers. WD is among the first to bring post-quantum cryptography into production storage infrastructure, helping lead the industry’s quantum transition with deployed, standards-aligned, infrastructure-level protection, setting a new baseline for trust in AI-era data systems. AI data systems generate and retain massive, long-lived data sets. Securing that data over decades, not just years, must be a core requirement of modern infrastructure. Long data lifecycles and extended IT service windows widen vulnerabilities. Enterprise storage infrastructure typically remains in service for five years or longer, a timeframe that may overlap with the emergence of cryptographically relevant quantum computers. As decryption capabilities advance, so do the strategies of sophisticated adversaries. HNDL is a present-day threat. Adversaries may collect encrypted or signed data with the intent to decrypt or forge security signatures once quantum capabilities mature. Organizations must begin to prepare for long-term cryptographic resilience today. Firmware-level attacks present a critical risk. Device-level trust is becoming increasingly important as security architectures evolve. A quantum-enabled adversary could potentially forge digital signatures on firmware updates, allowing malicious code to appear authentic and compromising drive security. WD's PQC implementation on the new Ultrastar DC HC6100 UltraSMR is designed to help protect device trust chains from manufacturing through field service. This implementation represents more than a feature enhancement; it reflects a broader shift toward embedding quantum-resilient security directly into the foundation of data infrastructure. The focus is on securing device-level trust, including firmware integrity and key management, rather than data-at-rest encryption. Key elements include: Algorithm selection: ML-DSA-87 (NIST FIPS 204) for high-assurance code signing, with dual-signing using RSA-3072 combining proven and emerging cryptographic standards to ensure strong, resilient security; Infrastructure readiness: PQC-capable public key infrastructure (PKI) and hardware security module (HSM) workflows deployed to support key issuance, rotation, and lifecycle management; Operational continuity: Dual-signing and rollback safeguards designed to support deployment across diverse fleets without disrupting current operations. As quantum security requirements advance, data protection at the infrastructure layer is becoming a baseline requirement for AI-driven enterprises. WD is helping define the next baseline for trust in AI infrastructure, where security is embedded at the foundation of the system, not added as an afterthought. WD expects to expand PQC capabilities across additional enterprise hard drive product lines over time. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €439, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Tech industry in Europe. Declared Dividend • May 11
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 5th June 2026 Payment date: 17th June 2026 Dividend yield will be 0.1%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 7%. Recent Insider Transactions • May 08
Key Executive recently sold €1.8m worth of stock On the 4th of May, Vidyadhara Gubbi sold around 5k shares on-market at roughly €379 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.4m. Vidyadhara has been a net seller over the last 12 months, reducing personal holdings by €11m. New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (€7.8m sold). Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: US$9.26 (vs US$2.17 in 3Q 2025) Third quarter 2026 results: EPS: US$9.26 (up from US$2.17 in 3Q 2025). Revenue: US$3.34b (up 46% from 3Q 2025). Net income: US$3.17b (up 320% from 3Q 2025). Profit margin: 95% (up from 33% in 3Q 2025). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Tech industry in Europe. 공시 • May 03
Western Digital Corporation Announces Increase Quarterly Cash Dividend on Common Stock, Payable on June 17, 2026 Western Digital Corporation announced 20% increase in the quarterly cash dividend on the company’s common stock to $0.15 per share of the company’s common stock, which will be paid on June 17, 2026 to stockholders of record as of the close of business on June 5, 2026. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €354, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €521 per share. 공시 • Apr 14
Western Digital Corporation to Report Q3, 2026 Results on Apr 30, 2026 Western Digital Corporation announced that they will report Q3, 2026 results at 4:00 PM, Eastern Standard Time on Apr 30, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €262, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €494 per share. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €273, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €238 per share. Recent Insider Transactions • Mar 12
Key Executive recently sold €1.9m worth of stock On the 6th of March, Vidyadhara Gubbi sold around 9k shares on-market at roughly €220 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vidyadhara has been a net seller over the last 12 months, reducing personal holdings by €6.6m. Upcoming Dividend • Feb 26
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 05 March 2026. Payment date: 18 March 2026. Payout ratio is a comfortable 2.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.6%). 공시 • Feb 19
Western Digital Corporation Unifies Its Professional Content Creator Storage Portfolio Under the G-DRIVE®? Brand Western Digital Corporation announced the re-launch of its G-DRIVE®? brand as the unified identity for its content creator and creative professional external storage product portfolio. The brand consolidation brings together high-capacity, high-performance storage solutions under a single name brand - G-DRIVE®? - known for its quality, performance, and reliability.WD re-launches the G-DRive®? brand. The G-DRIVE®?®? brand, also represented by the iconic "G" logo, will replace SanDisk Professional branding across WD's creator storage lineup, including desktop drives, portable drives and multi-bay RAID systems purpose-built for the creative community's most demanding workflows: high-resolution photography, video production, graphic design, and audio engineering. Supporting individuals, businesses and production studios, G-DRIVE®? solutions support the full creative lifecycle, from on-set capture and real-time editing to backup and postproduction. Products currently branded as SanDisk Professional will transition to the G-DRIVE®? brands by the end of this month. G-DRIVE: High-capacity desktop drive with an enterprise-class Ultrastar®? HDD up to 26TB capacity delivering fast transfer speeds and sustained performance for video editing, photo libraries, backup and content archiving at the workstation. G-DRIVE PROJECT: Single-bay Thunderbolt®? 3 desktop solution with high-capacity, high- performance, enterprise-class Ultrastar™? HDD storage up to 26TB for demanding workloads. G-RAID PROJECT 2:Compact two-bay Thunderbolt®? 3 RAID system shipping in RAID 0, with field-swappable enterprise-class Ultrastar ®? drives up to 52TB* for accelerated post-production performance. G-RAID®? SHUTTLE 4 and SHUTTLE 8: Transportable storage arrays (4-bay and 8-bay) with hot-swappable enterprise grade Ultrastar®? drives up to 208TB, shipping in default RAID 5, and high-speed connectivity for on-set data management and multi-camera productions. Existing SanDisk Professional HDD-based products will continue to receive full support and warranty coverage by WD. Products with new G-DRIVE®? branding have already begun shipping. The brand transition follows Western Digital's separation into a standalone HDD company in late February 2025. WD will also continue offering HDD products in its color portfolio including WD Gold®? for enterprise, WD Purple®? for smart video, WD Red®? for NAS, WD Blue®? for PC productivity, and WD_BLACK®? for gaming. Recent Insider Transactions • Feb 08
Executive VP recently sold €1.6m worth of stock On the 6th of February, Cynthia Tregillis sold around 7k shares on-market at roughly €229 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.2m. Insiders have been net sellers, collectively disposing of €7.4m more than they bought in the last 12 months. 공시 • Feb 04
Western Digital Unveils New Customer-Centric Storage Roadmap and Introduces Next-Generation Hard Drives and Platform Innovations for AI Western Digital (WD) unveiled a new customer-centric storage roadmap that reinvents the hard drive for AI needs, reinforcing its position as a strategic storage infrastructure partner for the AI-driven data economy. The announcements reflect how WD's fundamental business transformation has enabled a new generation of storage technologies spanning scalable capacity, breakthrough performance optimizations, power efficiency innovations and an intelligent platform API with cost-effective economics. During its Innovation Day, WD showcased technologies that address these essential customer requirements and will deliver them at scale. Capacity Innovation: Clear Path to 100TB+Reinforcing its dual ePMR and HAMR technology leadership approach, WD announced that the world's highest capacity 40TB UltraSMR ePMR HDD is in qualification with two hyperscale customers with volume production planned for the second half of 2026. WD HAMR HDD qualifications are also underway with two hyperscale customers with ramp production in 2027. WD will extend ePMR to 60TB by leveraging HAMR innovations without increasing power consumption, while HAMR will scale to 100TB by 2029. This dual-path approach is a critical advantage as both ePMR and HAMR are built on a common architecture, enabling greater manufacturing efficiencies, yields, and a smoother customer product transition. The result is unprecedented flexibility. Hyperscalers and enterprises can adopt either technology on their own timelines with predictable capacity planning and seamless scaling – no forced technology transitions, no infrastructure disruptions, just continuous and accelerating capacity growth built on architecture they already trust. HDD Performance Architecture: Closing the QLC Flash GapAddressing the performance demands of AI workloads, WD introduced two industry-first innovations that fundamentally reset HDD performance. These innovations address workloads previously considered flash-only, creating a new performance tier that balances speed and capacity without compromising economics, which is critical as flash faces persistent cost premiums (6-10x vs. HDD) and endurance limitations: High Bandwidth Drive Technology enables simultaneous reading and writing from multiple heads on multiple tracks delivering up to 2x the bandwidth of conventional HDDs without power penalties. The technology has a clear path to scale up to 8x bandwidth gains and is already in customer hands for validation. Dual Pivot Technology adds a second set of independently operating actuators on a separate pivot and will deliver up to 2x sequential IO gain within a 3.5-inch drive. This differs from previous dual actuator designs that sacrificed capacity and required extensive customer software changes. Dual Pivot enables reduced spacing between disks, allowing for more platters per drive and higher overall capacity. When combined, these technologies will enable WD to increase sequential IO to 4x overall, delivering 100TB HDDs while maintaining the relative IO per TB rate customers enjoy today. This reduces the need for customers to increase SSD deployment or rearchitect services as capacity scales. High Bandwidth Drive Technology is already with customers today. HDDs with Dual Pivot Technology are currently in the lab and will become available in 2028. Power-Optimized HDDs: Bridging the Gap Between Warm and Cold AI Data TiersAI training and inference is creating massive amounts of valuable cold data that still needs to be accessed in seconds, not hours, rendering this data too active for tape but also too expensive for traditional capacity drives. WD's power-optimized HDDs address this challenge with a purpose-built solution that reduces power consumption, and therefore customer operating costs, while maintaining a sub-second access storage tier with the same 3.5-inch form factor customers use today. These drives will trade minimal random IO for higher capacity and substantially lower power – an optimal design for cold data – shrinking the gap between warm and cold storage tiers and enabling economically sustainable AI data storage at scale. Power-optimized drives are expected to be in customer qualification in 2027. Platforms Expansion: Reducing Complexity to Improve Customer Time-to-ValueUnderstanding that mid-scale customers face hyperscale challenges without hyperscale resources, WD announced the expansion of its Platforms business to extend hyperscale storage economics to a broader set of customers. This expansion includes the development of an intelligent software layer, through an open API, expected to launch in 2027, that will enable companies at 200+ petabyte scale to achieve the same storage efficiency and economics that hyperscalers enjoy today. This intelligent software layer will accelerate storage innovation adoption across WD’s UltraSMR, ePMR and HAMR HDD, and flash platforms while dramatically reducing time-to-production and lowering qualification risk across storage tiers. By simplifying the deployment of storage infrastructure for AI-scale workloads, WD will transform time-to-value without requiring architectural disruption – giving up-and-coming cloud and enterprise WD customers a clear path to hyperscale economics. New Risk • Feb 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€4.3m sold). Buy Or Sell Opportunity • Jan 30
Now 24% undervalued Over the last 90 days, the stock has risen 75% to €218. The fair value is estimated to be €287, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €234, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €258 per share. 공시 • Jan 13
Western Digital Corporation to Report Q2, 2026 Results on Jan 29, 2026 Western Digital Corporation announced that they will report Q2, 2026 results After-Market on Jan 29, 2026 Buy Or Sell Opportunity • Jan 08
Now 21% undervalued Over the last 90 days, the stock has risen 57% to €157. The fair value is estimated to be €199, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €184, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €248 per share. Recent Insider Transactions • Dec 09
Key Executive recently sold €3.2m worth of stock On the 5th of December, Vidyadhara Gubbi sold around 23k shares on-market at roughly €140 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vidyadhara has been a net seller over the last 12 months, reducing personal holdings by €4.7m. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €140, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €223 per share. Upcoming Dividend • Nov 27
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 04 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 2.7% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.4%). 공시 • Nov 14
Western Digital Showcases Next-Gen Innovation At Supercomputing 2025 Western Digital is unveiled next-generation solutions and partnerships at Supercomputing 2025 that can fundamentally transform performance, capacity, flexibility and scalability for AI and HPC customers. Western Digital is expanding access to high-capacity storage through strategic partnerships, bringing advanced UltraSMR technology to customers beyond traditional hyperscalers. Through an expanded Open Composable Compatibility Lab (OCCL) ecosystem with new participants, Western Digital enables organizations of all sizes to accelerate innovation. This comprehensive approach gives customers flexibility and reduces total cost of ownership at scale to unlock new revenue opportunities with reliable, scalable storage foundations. Western Digital will highlight how its storage platforms integrate with leading AI infrastructure providers to reduce bottlenecks and accelerate breakthrough discoveries. Working with PEAK:AIO's high-performance software-defined storage solution, Western Digital will be exhibiting how modern NVMe-oF™? architectures can eliminate traditional storage bottlenecks that constrain AI model development and deployment. The solution demonstrate real-world performance scenarios where storage can scale separately from compute, giving organizations more flexibility to maximize resources and GPU utilization and reduce time-to-insight across demanding AI and HPC applications. Western Digital will demonstrate how specialized file system optimizations can unlock SMR's value beyond hyperscale environments, enabling organizations of all sizes to leverage SMR's superior capacity advantages and reduced power consumption per terabyte. Taking a leading role in the industry, ecosystem partners Leil Storage and Swiss Vault have developed software that takes full advantage of SMR's sequential write benefits while managing its unique operational requirements to the host. Leveraging these partnerships, Western Digital Ultrastar®? Data60 and Data102 JBODs with Ultrastar SMR drives deliver significantly higher storage density compared to conventional drives. With Western Digital's latest 32TB1 UltraSMR HDDs, the Data102 delivers up to 3.26 PB of capacity in a single enclosure, making exabyte-scale data analysis more sustainable and efficient for specialized HPC applications across research institutions, universities, and mid-market enterprises running AI, HPC, and research workloads. Western Digital will showcase significant expansion of its OCCL ecosystem, now including new participants ASUS, Leil Storage, Open-E, Solidigm, and Swiss Vault. This expanded ecosystem helps eliminate vendor lock-in and accelerates deployment timelines by providing pre-validated, interoperable solutions that customers can deploy with confidence. The lab's newly validated SSDs include solutions from existing participants likeapuStor, Phison and Sandisk as well as a new participant, Solidigm, enabling organizations to selectively optimize performance, cost, and supply chain resilience while building modern disaggregated storage infrastructure. By serving as a vendor-neutral proving ground that simulates real-world environments, OCCL reduces integration risk and provides customers the flexibility to scale storage and compute independently without being locked into proprietary architectures. 공시 • Nov 04
Western Digital Corporation Announces Executive Changes, Effective November 14, 2025 On October 31, 2025, the Board of Directors of Western Digital Corporation (the Company) unanimously appointed Brad Feller as Senior Vice President and Chief Accounting Officer of the Company, effective November 14, 2025, to succeed Gene M. Zamiska, who currently serves as the Company’s Senior Vice President, Global Accounting and Chief Accounting Officer. Mr. Feller will also assume the role of principal accounting officer at that time. Mr. Feller, 51, served as senior director of financial operations at Sacred Heart Community Service, a non-profit organization, from March 2024 to October 2025. From January 2023 to April 2023, he served as chief financial officer of Bright Machines Inc., a factory automation software company, and from April 2021 to December 2022, he served as chief financial officer of Flex Logix Technologies Inc., a semiconductor chip designing company. From 2014 to 2019, he served as the chief financial officer of Infinera Corporation, an optical networking equipment company, and from 2012 to 2013, he served as interim chief financial officer of Marvell Semiconductor Inc. Prior to 2012, Mr. Feller served in various finance positions of increasing responsibility at Marvell Semiconductor Inc. and Integrated Device Technology Inc. Mr. Feller began his career at Ernst & Young LLP. Reported Earnings • Nov 02
First quarter 2026 earnings released: EPS: US$3.34 (vs US$0.43 in 1Q 2025) First quarter 2026 results: EPS: US$3.34 (up from US$0.43 in 1Q 2025). Revenue: US$2.82b (up 27% from 1Q 2025). Net income: US$1.15b (up US$1.00b from 1Q 2025). Profit margin: 41% (up from 6.7% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Tech industry in Europe. Buy Or Sell Opportunity • Oct 29
Now 29% overvalued The stock has been flat over the last 90 days, currently trading at €121. The fair value is estimated to be €93.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €121, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €106 per share. 공시 • Oct 15
Western Digital Corporation to Report Q1, 2026 Results on Oct 30, 2025 Western Digital Corporation announced that they will report Q1, 2026 results After-Market on Oct 30, 2025 공시 • Oct 07
Western Digital Corporation, Annual General Meeting, Nov 20, 2025 Western Digital Corporation, Annual General Meeting, Nov 20, 2025. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €111, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Tech industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €99.03 per share. 공시 • Aug 01
Western Digital Corporation Provides Earnings Guidance for the Fiscal First Quarter of 2025 Ending September 27, 2024 Western Digital Corporation provided earnings guidance for the fiscal first quarter of 2025 ending September 27, 2024. For the period, the company expects Revenue to be in the range of $4.00 billion to $4.20 billion. 공시 • Jul 12
Western Digital Corporation to Report Q4, 2024 Results on Jul 31, 2024 Western Digital Corporation announced that they will report Q4, 2024 results After-Market on Jul 31, 2024 공시 • Jun 08
Western Digital Introduces New AI Data Cycle Storage Framework to Help Customers Capture the Value of AI Western Digital introduced a six-stage AI Data Cycle framework that defines the optimal storage mix for AI workloads at scale. This framework will help customers plan and develop advanced storage infrastructures to maximize their AI investments, improve efficiency, and reduce the total cost of ownership (TCO) of their AI workflows. AI models operate in a continuous loop of data consumption and generation – processing text, images, audio and video among other data types while simultaneously producing new unique data. As AI technologies become more advanced, data storage systems must deliver the capacity and performance to support the computational loads and speeds required for large, sophisticated models while managing immense volumes of data. Western Digital has strategically aligned its Flash and HDD product and technology roadmaps to the storage requirements of each critical stage of the cycle, and introduced a new industry-leading, high-performance PCIe® Gen5 SSD to support AI training and inference; a high-capacity 64TB SSD for fast AI data lakes; and the highest capacity ePMR, UltraSMR 32TB* HDD for cost-effective storage at scale. The new Ultrastar DC SN861 SSD is Western Digital’s first enterprise-class PCIe Gen 5.0 solution with leading random read performance and projected best-in-class power efficiency for AI workloads. With capacities up to 16TB, it delivers up to 3x random read performance increase versus the previous generation with ultra-low latency and incredible responsiveness for large language model (LLM) training, inferencing and AI service deployment. In addition, the low power profile delivers higher IOPS/Watt, reducing overall TCO. The increased PCIe Gen5 bandwidth addresses the growing needs of the AI market for high-speed accelerated computing combined with low latency to serve compute-intensive environments of AI. Built for mission-critical workloads, the Ultrastar DC SN861 provides a rich feature set, including NVMe® 2.0 and OCP 2.0 support, 1 and 3 DWPD, and a 5-year limited warranty1. The Ultrastar DC SN861 E1.S is now sampling. The U.2 will begin sampling this month and will begin volume shipments in CQ3’24. More details on E1.S and E3.S form factors will follow later this year. Complementing the Ultrastar DC SN861 is the expanded Ultrastar DC SN655 enterprise-class SSD range designed for storage-intensive applications. The new options for the U.3 SSD will reach up to 64TB, driving higher performance and capacity for AI data preparation and faster, larger data lakes. These new DC SN655 variants are now sampling. More details about the drives will be released later this year when volume shipments begin. Western Digital is also now sampling the industry’s highest-capacity, 32TB ePMR enterprise-class HDD to select customers. Designed for massive data storage in hyperscale cloud and enterprise data centers, the new Ultrastar DC HC690 high-capacity UltraSMR HDD will play a vital role in AI workflows where large-scale data storage and low TCO are paramount. Leveraging proven designs from generations of highly successful products, the new 32TB drive delivers unbeaten capacity with seamless qualification and integration for rapid deployment, while maintaining superior dependability and reliability. More details about the drive will be available later this summer. 공시 • Apr 27
Western Digital Corporation Provides Earnings Guidance for the Fourth Quarter Ending June 28, 2024 Western Digital Corporation provided earnings guidance for the fourth quarter ending June 28, 2024. For the quarter, the company expects GAAP revenue to be in the range of $3.60 billion to $3.80 billion. 공시 • Apr 13
Western Digital Corporation Appoints Irving Tan as Chief Executive Officer Stanley Black & Decker Inc. announced that Mr. Irving Tan has recently been named the forthcoming Chief Executive Officer of Western Digital Corp., the standalone hard disk drives business that will exist following Western Digital Corp.’s separation of its hard disk drives and flash-based products businesses. 공시 • Apr 09
Western Digital Corporation to Report Q3, 2024 Results on Apr 25, 2024 Western Digital Corporation announced that they will report Q3, 2024 results After-Market on Apr 25, 2024 공시 • Feb 17
Kioxia Reportedly Offers SK Hynix Chipmaking Access in Japan to Revive Western Digital Merger Talks Japanese chipmaker Kioxia Holdings Corporation has offered its investor SK hynix Inc. (KOSE:A000660) the opportunity to produce semiconductors at its plants in Japan in a bid to revive its merger talks with Western Digital Corporation (NasdaqGS:WDC), the Jiji news agency reported on February 16, 2024. The talks stalled last year after South Korea's SK Hynix opposed to the plan to create an American-Japanese memory chip giant. Kioxia aims to court SK Hynix's approval of the merger in return for letting SK Hynix produce chips at Japanese plants co-operated by Kioxia and Western Digital, Jiji said. 공시 • Feb 09
Western Digital Corporation announced delayed 10-Q filing On 02/08/2024, Western Digital Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Feb 06
Kioxia and Western Digital's Joint Venture to Receive Up to ¥150 Billion Government Subsidy for Yokkaichi and Kitakami Plants Kioxia Corporation and Western Digital Corporation announced that their joint venture manufacturing facilities at Yokkaichi and Kitakami plants have been approved to receive an up to ¥150-billion subsidy, including facilities that will produce its latest generation of 3D flash memory based on the innovative wafer bonding technology and future generation advanced nodes. The subsidy will be granted under a designated government program aimed at facilitating corporate investment in cutting-edge semiconductor production facilities and securing stable production of semiconductors in Japan. This marks the second time that Kioxia's and Western Digital's joint venture manufacturing facilities are receiving this subsidy from the Japanese government. Previously, the joint venture manufacturing facility at Yokkaichi was approved to receive up to ¥92.9 billion subsidy from the Japanese government in 2022. Leveraging an over 20-year joint venture partnership, Kioxia and Western Digital will continue to enhance the development and production capabilities of cutting-edge flash memory at the Yokkaichi and Kitakami plants in Japan. In addition, the two companies will contribute to the development of semiconductor-related industries and talent. 공시 • Jan 29
Bain Capital Reportedly in Talks with SK Hynix to Restart Western Digital-Kioxia Merger Talks Bain Capital, LP is in talks with SK hynix Inc. (KOSE:A000660) to restart negotiations to merge memory chip makers Western Digital Corporation (NasdaqGS:WDC) and Japan's Kioxia Holdings Corporation, Kyodo newswire reported on January 27, 2024, citing unidentified sources. The South Korean chip maker is a rival to both companies and is also an investor in Kioxia. The merger talks, which have continued on and off since 2021, stalled in October because SK Hynix opposed the deal, citing the potential impact on the value of its investment in the Japanese company. 공시 • Jan 26
Western Digital Corporation Provides Earnings Guidance for Fiscal Third Quarter 2024 Western Digital Corporation provided earnings guidance for fiscal third quarter 2024. For the quarter, company expects revenue to be in the range of $3.20 billion to $3.40 billion. 공시 • Jan 13
Western Digital Corporation to Report Q2, 2024 Results on Jan 25, 2024 Western Digital Corporation announced that they will report Q2, 2024 results After-Market on Jan 25, 2024 공시 • Jan 05
Western Digital Corporation Announces Executive Changes, Effective on January 12, 2024 On December 28, 2023, Michael C. Ray, Executive Vice President, Chief Legal Officer and Secretary, notified Western Digital Corporation that he is leaving the Company effective January 12, 2024, to pursue another opportunity. Cynthia Lock Tregillis, Senior Vice President, Deputy General Counsel and Assistant Secretary, will assume the Chief Legal Officer role following Mr. Ray’s departure from the Company. 공시 • Nov 17
Western Digital Begins Volume Shipments of 24TB CMR HDDs; Industry Adoption of SMR Strengthens as 28TB SMR HDD Ramps Western Digital’s enterprise-class hard disk drives (HDDs) remain critical for helping data center customers design more cost-efficient, scalable and sustainable infrastructure. When combined with the emergence of generative AI and the multitude of innovative applications it is enabling, the demand for high-capacity, low-power and reliable storage is poised to surge. Western Digital leverages numerous technology innovations – ePMR, OptiNAND™, UltraSMR and more – to deliver predictable capacity growth in scalable, highly reliable products. Western Digital is now shipping its new 10-disk 24TB CMR HDD family for hyperscale, cloud and enterprise data center customers. Sampling since August, the new 28TB SMR HDD is also ramping, adding to the company’s SMR leadership position and momentum as its 26TB SMR HDD exabyte shipments reached nearly half of its data center exabytes shipped in the first quarter fiscal year 2024. This new generation of drives is built on a proven platform with technology innovations specifically designed for data center customers who are consistently looking for the highest capacity storage to help them achieve the lowest possible total cost of ownership (TCO). These high-capacity HDDs are also a significant step forward in meeting the company’s sustainability targets and toward helping data center customers meet theirs. Specifically, these 28TB and 24TB HDDs are built with 40% (by weight) recycled content, and are 10%+2 more energy efficient per terabyte, contributing to customers’ data center infrastructure power efficiency goals at scale. 28TB Ultrastar® DC HC680 SMR HDD: Western Digital is driving the next big shift in cloud data center with SMR HDDs. At 28TB, the new Ultrastar DC HC680 SMR HDD provides the utmost in storage density for hyperscale, cloud and enterprise customers. Designed for sequential write workloads where storage density, watt/TB and $/TB are critical parameters, it targets environments such as bulk storage, online backup and archive, video surveillance, cloud storage, storage for regulatory compliance, big data storage, and other applications where data may be infrequently accessed. For the growing list of customers who have optimized their stacks to take advantage of the benefits of SMR, these drives enable continued time-to-market advantage of integrating the highest capacity HDDs on the market and scaling their product offerings in a lower-power footprint. 24TB Ultrastar DC HC580 CMR HDD: Continuing to deliver innovation at scale, the Ultrastar DC HC580 24TB CMR HDD with improved OptiNAND technology is the next leap in data density, allowing data center customers to maximize their storage within the same footprint, and in power-constrained environments. For better storage density, the HC580 can enable up to 612TB1 of raw storage per rack unit in a 4U 102-drive bay solution. These drives are also more power efficient, providing 12% less Watt/TB2 compared to the company’s previous 22TB version. The Ultrastar DC HC680 and HC580 HDDs are currently being qualified by select hyperscalers, CSPs and OEM customers, and are now available for large enterprise customers looking for the highest capacity with lower power per terabyte for designing more efficient storage systems and data centers. Ultrastar DC HC680 and HC580 SAS HDD versions will be available in CYQ1’24 (FYQ3’24). Ultrastar Data60 and Data102 Hybrid Storage Platforms: The new Ultrastar drives are also being qualified and integrated into the company’s Ultrastar Data60 and Data102 JBOD hybrid storage platforms, which are key building blocks for designing next-generation disaggregated storage and software-defined storage (SDS) infrastructure. Each storage platform comes with unique IsoVibe™ and ArcticFlow™ technologies for improved performance and reliability. Ultrastar Data60 and Data102 platforms with the new HDDs will be available beginning next month. WD Gold® 24TB1 CMR HDDs: Western Digital is also now shipping its 24TB WD Gold CMR SATA HDD into the channel. These drives are specifically designed for system integrators and resellers serving enterprises and SMBs who need more reliable storage for big data and enterprise storage workloads compared to traditional client HDDs. Leveraging innovations from the Ultrastar technology platform, the WD Gold 24TB HDD provides up to 2.5M hours MTBF (projected3), features vibration protection technology, is designed to handle workloads up to 550TB per year4 and comes with a 5-year limited warranty. 공시 • Oct 31
Western Digital Corporation Provides Earnings Guidance for the Second Quarter of 2024 Western Digital Corporation provided earnings guidance for the second quarter of 2024. For the second quarter of 2024, the company expects GAAP revenue of $2.85 billion to $3.05 billion. 공시 • Oct 27
Western Digital and Kioxia Reportedly Call Off Merger Talks Western Digital Corporation (NasdaqGS:WDC) and Kioxia Holdings Corporation have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on October 26, 2023. The U.S.-based company earlier in the day notified Kioxia it would exit the talks after the merger failed to secure approval from SK hynix Inc. (KOSE:A000660), an indirect shareholder in Kioxia, the newspaper said, without saying where it got the information. The companies were also unable to agree on conditions with top Kioxia shareholder Bain Capital, it added. Western Digital and Bain Capital did not immediately respond to Reuters' requests for comment. Shares of Western Digital sank 12% on the news. The companies were pursuing a merger in the face of a global chip glut and weak demand for flash memory chips, which have increased pressure on chipmakers to consolidate. Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues, including valuation discrepancies. 공시 • Oct 21
Kioxia Reportedly Reaches Out to JIC to Invest in Merger with Western Digital Kioxia Holdings Corporation has approached Japan Investment Corporation (JIC) about making a capital infusion to support its merger with Western Digital Corporation (NasdaqGS:WDC) and strengthen the combined company’s financial base, according to people familiar with the matter. Kioxia’s lenders are working toward submitting a commitment letter as soon as Friday to help facilitate the agreement, the people said, asking not to identified because the negotiations are private. The banks have signaled the new company’s capital is inadequate and called for addition investment to bolster its balance sheet. JIC, a state-backed investment fund established to boost Japan’s competitiveness in next-generation industries, is considering the request. 공시 • Oct 20
Western Digital Corporation to Report Q1, 2024 Results on Oct 30, 2023 Western Digital Corporation announced that they will report Q1, 2024 results Pre-Market on Oct 30, 2023 공시 • Oct 16
Western Digital, Kioxia in Talks on Memory Chip Merger Western Digital Corporation (NasdaqGS:WDC) is finalizing plans to spin off its semiconductor memory business and combine it with Japan's Kioxia Holdings Corporation in a bid to boost competitiveness, Nikkei has learned. Western Digital is working with financial institutions to set the loan terms and other conditions. It aims to reach a broad agreement this month but faces opposition from South Korean chipmaker SK Hynix, which is an indirect shareholder of Kioxia. Such a deal would need to be cleared by antitrust authorities. Whether it could gain approval in China is unclear. The idea of a merger between Kioxia and Western Digital arose around 2021 with an eye toward semiconductor collaboration between the two countries. The companies discussed consolidation under Western Digital's umbrella, but negotiations broke down over issues such as the location of the head office and which market to list on. The talks were later revived with Western Digital's spinoff plan. 공시 • Oct 06
Western Digital Corporation, Annual General Meeting, Nov 15, 2023 Western Digital Corporation, Annual General Meeting, Nov 15, 2023, at 08:00 Pacific Standard Time. Agenda: To consider Election of the nine director nominees named in the attached Proxy Statement to serve until next annual meeting of stockholders and until their respective successors are duly elected and qualified; Approval on an advisory basis of the named executive officer compensation disclosed in the attached Proxy Statement; Approval on an advisory basis of the frequency of future advisory votes on named executive officer compensation; Approval of the amendment and restatement of 2021 Long-Term Incentive Plan to increase by 2.35 million the number of shares of common stock available for issuance under that plan; Ratification of the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2024. 공시 • Aug 02
Western Digital Corporation Announces Resignation of Srinivasan Sivaram as President, Technology and Strategy On July 31, 2023, Western Digital Corporation announced that Srinivasan Sivaram, the Company’s President, Technology and Strategy, is leaving the Company to pursue another opportunity. 공시 • Aug 01
Western Digital Corporation Provides Earnings Guidance for the First Quarter of 2024 Western Digital Corporation provided earnings guidance for the first quarter of 2024. For the first quarter of 2024, the company expects revenue of $2.55 billion to $2.75 billion. 공시 • Jul 24
Western Digital Corporation to Report Q4, 2023 Results on Jul 31, 2023 Western Digital Corporation announced that they will report Q4, 2023 results After-Market on Jul 31, 2023 공시 • May 16
Kioxia, Western Digital Reportedly Speed Up Merger Talks Kioxia Holdings Corp. and Western Digital Corporation (NasdaqGS:WDC) are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world’s No. 2 and No. 4 players. Japan’s Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea’s Samsung Electronics. Under the plan now being worked out, the merged entity would be 43% owned by Kioxia, 37% by Western Digital and the rest by existing shareholders of the companies, one of the sources said. Both sources declined to be identified as the talks are private. No decision has been made and the details could change, the sources said. The planned merger is also likely to draw anti-trust scrutiny in several countries, including the United States and China. A Kioxia spokesperson declined to comment on speculation. Western Digital did not respond immediately to a request for comment. 공시 • May 09
Western Digital Corporation Provides Revenue Guidance for the Fiscal Fourth Quarter Ending June 30, 2023 Western Digital Corporation provided earnings guidance for the fiscal fourth quarter ending June 30, 2023. For the quarter, the company expected revenue to be in the range of $2.40 billion to $2.60 billion. 공시 • Feb 01
Western Digital Corporation Appoints Reed Rayman to Board of Directors Western Digital Corporation announced that in connection with the Apollo funds’ investment, Reed Rayman was appointed to Western Digital’s Board of Directors. 공시 • Jan 23
Western Digital, Kioxia Reportedly in Advanced Talks for Merger Western Digital Corporation (NasdaqGS:WDC) and Kioxia Holdings Corporation are progressing in their merger talks and have figured out a rough structure that would eventually involve a dual-listing in Japan, according to people familiar with the matter. Under the terms being discussed, Western Digital would spin off its flash business and merge it with Kioxia, creating a publicly traded company in the US, the people said, asking not to be named because the matter is private. The company would also plan a second stock listing in Japan, they added. Western Digital management is expected to run the combined company, the people said. While the companies are working toward an announcement in the next few months, the details aren’t finalized and could still change. Representatives for Western Digital and Kioxia declined to comment. 공시 • Jan 14
Western Digital Corporation to Report Q2, 2023 Results on Jan 31, 2023 Western Digital Corporation announced that they will report Q2, 2023 results After-Market on Jan 31, 2023 공시 • Jan 06
Western Digital, Kioxia Reportedly Revive Merger Talks Western Digital Corporation (NasdaqGS:WDC) has restarted talks with Kioxia Holdings Corporation in a deal that could unite two technology storage providers, according to people familiar with the matter. While the structure of a potential deal remains fluid, the parties are discussing merging into one publicly traded company, said the people, who asked not to be identified because the talks are private. The current discussions, which revived late in 2022, are in the early stage and could also end without an agreement, the people said. The companies, which have a joint venture that produces flash chips, have been circling each other for years. Representatives for Western Digital and Kioxia declined to comment. 공시 • Jan 05
Western Digital, Kioxia Reportedly Said to Revive Merger Discussions Western Digital Corporation (NasdaqGS:WDC) has restarted talks with Kioxia Holdings Corporation in a deal that could unite two technology storage providers, according to people familiar with the matter. While the structure of a potential deal remains fluid, the parties are discussing merging into one publicly traded company, said the people, who asked not to be identified because the talks are private. The current discussions, which revived late last year, are in the early stage and could also end without an agreement, the people said. The companies, which have a joint venture that produces flash chips, have been circling each other for years. Talks between the competitors that were reported in 2021 failed to yield what could have been a $20 billion transaction. Closely held Kioxia, which is backed by Bain Capital and Toshiba Corp., also considered pursuing an initial public offering in 2021, though Chief Executive Officer Nobuo Hayasaka said in October it had no immediate plans for an IPO. Representatives for Western Digital and Kioxia declined to comment. 공시 • Oct 28
Western Digital Corporation Provides Revenue Guidance for the Second Quarter Ending December 30, 2022 Western Digital Corporation provided revenue guidance for the second quarter ending December 30, 2022. for the quarter, the company expects GAAP Revenue in the range of $2.90 Billion to $3.10 Billion. 공시 • Oct 11
Western Digital Corporation to Report Q1, 2023 Results on Oct 27, 2022 Western Digital Corporation announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on Oct 27, 2022 공시 • Oct 04
Western Digital Corporation, Annual General Meeting, Nov 16, 2022 Western Digital Corporation, Annual General Meeting, Nov 16, 2022, at 08:00 Pacific Standard Time. Agenda: To consider and approve the election of the eight director nominees named in the attached Proxy Statement to serve until company next annual meeting of stockholders and until their respective successors are duly elected and qualified; to consider and approve the advisory basis of the named executive officer compensation disclosed in the attached Proxy Statement; to consider and approve the Ratification of the appointment of KPMG LLP as our independent registered public accounting firm for fiscal 2023; and to consider other matters. 공시 • Aug 06
Western Digital Corporation Provides Earnings Guidance for the Three Months Ending September 30, 2022 Western Digital Corporation provided earnings guidance for the three months ending September 30, 2022. For the quarter, the company expected to report revenue of $3.60 billion to $3.80 billion. Reported Earnings • Aug 05
Full year 2022 earnings released: EPS: US$4.81 (vs US$2.69 in FY 2021) Full year 2022 results: EPS: US$4.81 (up from US$2.69 in FY 2021). Revenue: US$18.8b (up 11% from FY 2021). Net income: US$1.50b (up 83% from FY 2021). Profit margin: 8.0% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.5%, compared to a 2.1% growth forecast for the industry in Germany. 공시 • Jul 13
Western Digital Corporation to Report Q4, 2022 Results on Aug 05, 2022 Western Digital Corporation announced that they will report Q4, 2022 results Pre-Market on Aug 05, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €47.89, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Tech industry in Europe. Total loss to shareholders of 22% over the past year. 공시 • May 10
Western Digital Unleashes New Era of Growth for Cloud Market With World’s First 22TB CMR and 26TB UltraSMR HDDs Western Digital announced that it is sampling its new 22TB¹ and 26TB UltraSMR HDDs to select hyperscale cloud customers, further expanding its areal density leadership and delivering customer value by driving TCO lower. Western Digital’s HDD technology portfolio and areal density leadership puts it at the center of storage innovation. Leveraging its unique OptiNAND™ technology, energy-assisted PMR (ePMR), triple-stage actuator, HelioSeal® and now UltraSMR technologies, Western Digital is on a clear path to delivering 30+ TB with ePMR. The new ePMR drives leverage Western Digital’s OptiNAND technology to unlock unprecedented levels of capacity, performance and data resiliency. The 22TB CMR HDD incorporates OptiNAND to deliver areal-density leadership on a mature 2.2TB/platter HelioSeal platform with ten disks. Combining OptiNAND with proprietary firmware that leverages HDD system-level hardware advancements, Western Digital’s new UltraSMR technology introduces large block encoding along with an advanced error correction algorithm that increases tracks-per-inch (TPI) to enable higher capacity. The result is Western Digital's new 26TB Ultrastar® DC HC670 UltraSMR HDD that delivers 2.6TB per platter, offering 18% more capacity for cloud customers optimizing their stacks to take advantage of the benefits of SMR. With cloud service providers increasingly adding SMR to their datacenter roadmaps, the 26TB capacity serves as a tipping point to accelerate adoption. Uniquely capable with OptiNAND, the HDDs also include the ArmorCache™ write cache data safety feature, which gives customers the performance of write cache enable (WCE) combined with the data protection of write cache disable (WCD) for added data protection or resiliency in case of an emergency power off (EPO). For the first time in HDD history, this Write Cache Data Safety feature gives users both performance and data protection, no matter which mode is selected. OptiNAND gives the drives a significant performance increase also in WCD mode, which is greatest in random writes with larger block transfers. At common HDD application transfer lengths of 256KB or greater, IOPS and throughput improve by more than 40% relative to a non-OptiNAND drives, with a peak improvement of over 80% at 1MB transfer length. 22TB CMR and 26TB UltraSMR HDD Availability: The 22TB Ultrastar DC HC570 HDD and the new 26TB Ultrastar DC HC670 UltraSMR HDD are now sampling to select hyperscale customers. The DC HC570 HDD will begin volume shipments to the channel, and the UltraSMR HDD will begin shipping to select customers in the summer of 2022. The Ultrastar Data60and Data102JBODs will feature the new 22TB CMR Ultrastar HDDs this summer, delivering the industry’s highest storage density in a fully optimized platform for added durability and data reliability for software-defined storage. Extending OptiNAND innovations across its HDD portfolio, Western Digital will deliver 22TB WD Purple® Pro HDDs for smart video/surveillance, WD Red® Pro HDDs for NAS solutions, and WD Gold® HDDs for system integrators and resellers serving enterprises and SMBs. These drives will be available this summer. 공시 • May 06
Elliott Investment Management L P Sends Letter to Western Digital Corporation On May 3, 2022, Elliott Investment Management L P sent a letter to Western Digital Corporation, requesting the Company to conduct a full strategic review of the value that could be created by separating its two businesses, hard disk drives and NAND flash memory. Elliott Investment Management L P stated that in addition to its public investment in the Company, it is also offering $1+ billion of incremental equity capital into the NAND flash memory business at an enterprise value of $17 to $20 billion, to be utilized either in a spin-off transaction or as equity financing in a sale or merger with a strategic partner. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 21% share price gain to €58.66, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Tech industry in Europe. Total returns to shareholders of 2.3% over the past year. Reported Earnings • Apr 29
Third quarter 2022 earnings released: EPS: US$0.08 (vs US$0.64 in 3Q 2021) Third quarter 2022 results: EPS: US$0.08 (down from US$0.64 in 3Q 2021). Revenue: US$4.38b (up 5.9% from 3Q 2021). Net income: US$25.0m (down 87% from 3Q 2021). Profit margin: 0.6% (down from 4.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.3%, compared to a 3.5% growth forecast for the industry in Germany. 공시 • Apr 09
Western Digital Corporation to Report Q3, 2022 Results on Apr 28, 2022 Western Digital Corporation announced that they will report Q3, 2022 results After-Market on Apr 28, 2022 공시 • Mar 04
Western Digital Corporation Provides Revenue Guidance for the Fiscal Third Quarter Ending April 1, 2022 Western Digital Corporation provided revenue guidance for the fiscal third quarter ending April 1, 2022. For the quarter, the company expects revenue to be in the range of $4.20 billion to $4.40 billion. Recent Insider Transactions • Feb 05
Independent Director recently sold €192k worth of stock On the 31st of January, Paula Price sold around 4k shares on-market at roughly €46.27 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €511k more than they bought in the last 12 months. Reported Earnings • Jan 30
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: US$1.81 (up from US$0.20 in 2Q 2021). Revenue: US$4.83b (up 23% from 2Q 2021). Net income: US$564.0m (up US$502.0m from 2Q 2021). Profit margin: 12% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 공시 • Jan 29
Western Digital Corporation Provides Earnings Guidance for the Third Quarter Ending April 1, 2022 Western Digital Corporation provided earnings guidance for the third quarter ending April 1, 2022. For the period, the company expects revenue to be between $4.45 billion and $4.65 billion. Buying Opportunity • Jan 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be US$56.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €48.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Tech industry in Europe. Total returns to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €57.94 per share. Board Change • Dec 31
High number of new directors Independent Director Miyuki Suzuki was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Nov 04
Insider recently sold €124k worth of stock On the 2nd of November, Gene Zamiska sold around 3k shares on-market at roughly €47.48 per share. In the last 3 months, there was an even bigger sale from another insider worth €195k. Insiders have been net sellers, collectively disposing of €319k more than they bought in the last 12 months. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS US$1.97 (vs US$0.20 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$5.05b (up 29% from 1Q 2021). Net income: US$610.0m (up US$670.0m from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 공시 • Aug 26
Western Digital Reportedly in Advanced Talks to Merge with Kioxia in $20 Billion-Plus Deal Western Digital Corporation (NasdaqGS:WDC) is in advanced talks to merge with Japan’s Kioxia Holdings Corporation, according to people familiar with the matter, in a deal that could be valued at more than $20 billion and further reorder the global chip industry. Long-running discussions between the companies have heated up in the past few weeks and they could reach agreement on a deal as early as mid-September, the people said. Western Digital would pay for the deal with stock and the combined company would likely be run by its Chief Executive, David Goeckeler, the people said. There’s no guarantee Western Digital, which had a market value of around $19 billion Wednesday afternoon, will seal an agreement, and Kioxia could still opt for an initial public offering it had been planning or another combination. Recent Insider Transactions • Aug 11
Insider recently sold €195k worth of stock On the 6th of August, Lori Sundberg sold around 3k shares on-market at roughly €57.74 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 05
Full year 2021 earnings released: EPS US$5.08 (vs US$0.84 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$33.8b (up 102% from FY 2020). Net income: US$1.55b (up US$1.80b from FY 2020). Profit margin: 4.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue.