Revenue segments as reported by the company.

Flash

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Research and development

Selling, general and administrative

Employee termination, asset impairment and other charges

Business separation costs

Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Western Digital

SanDisk is a manufacturer of flash memory products, including memory cards and readers, USB flash drives, and solid state drives. As of February 2015, SanDisk is the third-largest manufacturer of flash memory. On May 12, 2016, SanDisk was acquired by hard drive manufacturer Western Digital in a US$19 billion deal.

SanDisk

HGST is a wholly owned subsidiary of Western Digital that sells hard disk drives, solid-state drives, and external storage products and services.

HGST

Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Western Digital faces revenue decline but anticipates improvement and cost reduction

Western Digital's Q3 performance reflects a mixed picture with revenue and margin improvements in certain segments but overall decline in total revenue. The company is focused on proactive cost management, investment decisions, and automation to address ongoing financial challenges. Despite the current market environment, there are opportunities for improvement in the second half and cost reduction with BiCS8.

Western Digital faces revenue decline and operational challenges in Q2

Western Digital's Q2 performance reflects revenue decline, operational challenges, and strategic actions to reset the business. Despite facing headwinds in the cloud segment, the company is strengthening its financial position and focusing on cost reduction. Opportunities exist in market stabilization, product demand improvement, and strategic financial management.

Western Digital exceeds Q3 expectations amidst demand stabilization signs

Western Digital's Q3 performance showed resilience with signs of demand stabilization and strategic actions yielding positive results in both HDD and Flash businesses. While facing revenue challenges and margin pressures, the company remains focused on addressing network security incidents and optimizing cost management strategies.

Western Digital reports Q4 revenue growth and anticipates technology opportunities

Western Digital's Q4 performance showcased revenue growth in flash shipments, operational optimization, and stabilization of hard drive demand.
The company's strengths lie in executing an innovative product roadmap, enhancing liquidity, and anticipating growth in data center technologies.
Challenges include underutilization charges, margin management concerns, and the impact of lower CapEx on future investments.
Opportunities include expected growth in 26 terabyte drives, SMR technology adoption, and recovery in nearline units, presenting avenues for business expansion.

Western Digital plans to spin off flash business for growth

Western Digital's Q1 performance exceeded revenue expectations but reported a non-GAAP loss per share, with sequential growth in flash revenue and challenges in HDD revenue.
The company's strategic decision to spin off the flash business aims to unlock shareholder value and capitalize on the flash market's growth potential.
Opportunities lie in the HDD business's innovation and growth prospects, while challenges include underutilization charges and market weaknesses in China.
Dynamic management of wafer starts and a focus on profitability and free cash flow are key strategies moving forward for Western Digital.

Western Digital meets Q2 expectations, eyes NAND market growth

Western Digital's Q2 performance met expectations with strengths in flash business management and sequential revenue growth.
Challenges include operating losses, cash outflow, and client revenue decline due to flash ASP increase.
Opportunities lie in the growing demand for NAND bits at the edge, cost reduction trends, and emerging enterprise SSD market.
Overall, Western Digital's focus on product leadership and profitability improvement positions it for long-term success.

Western Digital exceeds Q3 expectations, focuses on AI growth

Western Digital's Q3 2024 earnings call showcased strong financial performance, exceeding revenue and EPS expectations.
The company is strategically positioned to capitalize on increasing AI demand, with a focus on profitability and market leadership.
Challenges include managing bit growth, monitoring AI impact on HDD demand, and maintaining gross margin targets.
Opportunities lie in leading technology development, tailored product offerings, and partnerships for market advantage.

Western Digital reports strong Q4 earnings, eyes growth opportunities

Western Digital's Q4 performance reflects solid revenue and earnings, driven by growth in Flash and HDD segments.
The company's strengths in innovation, market positioning, and strategic planning position it well for future growth.
While facing challenges such as dis-synergy costs and industry dynamics, Western Digital has opportunities to capitalize on market trends and drive further revenue growth.

Western Digital excels in Q1 2025 earnings, anticipates sequential growth

Western Digital's Q1 performance reflects a robust financial position with strong revenue and earnings growth. The company's strategic focus on Flash and HDD businesses, along with the ongoing separation process, positions it well for future opportunities and growth.

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Minority interest

Total liabilities & equity

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Book value per share

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Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Western Digital has two new offerings for it's gamer focused WD Black line of hardware; an internal SSD and a portable SSD.

Western Digital is releasing two new gamer focused SSDs

Activist hedge fund Elliott Management is on the hunt for cheap technology stocks.

This Investor Thinks Western Digital Can Nearly Double if It Does This 1 Thing

The memory maker delivered a solid earnings report and above-consensus guidance, and attracted an activist investor.

How Western Digital Rose 6.9% During a Terrible April for the Markets

The activist investor said Western Digital's share price may go up if it separates its NAND flash memory business.

How Elliott Associates' proposal to split two businesses at Western Digital may build value

Subscribers to our Schaeffer's  Weekly Options Countdown services scored a 279% profit with our Western Digital Corp (NASDAQ:WDC) weekly May 6, 51-strike call recommendation in less than one week.

Tech Stock Helps Call Traders Nearly Quadruple Their Money

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SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced that it will host its 2022 Investor Day in San Francisco on Tuesday, May 10, 2022, from 8:00 a.m. to 12:15 p.m. Pacific Daylight Time. Western Digital's CEO David Goeckeler and other senior executives will discuss the company's long-term strategy with a question and answer session following the presentations. A live webcast of the event will also be available on the Investor Relations website, including a rep

Western Digital to Host its 2022 Investor Day in San Francisco

An activist investor wants to split up the data-storage leader.

Why Western Digital Stock Surged Today

These 2 Nasdaq PC Stocks Are Seeing Action Tuesday

Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip company to fully separate its flash and hard-disk-drive businesses and offered at least $1 billion in additional funds to help facilitate such a split.

MarketWatch: Western Digital stock shoots toward best day in two years after activist pushes for business split

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (“Western Digital”) (NASDAQ: WDC) today issued the following statement regarding a letter sent by Elliott Management to Western Digital's Board of Directors: “Western Digital maintains an ongoing dialogue with our shareholders and values constructive input on our business. We agree that Western Digital is an excellent, yet undervalued, company with strong positions in our flash and HDD businesses and look forward to engaging with Elliott

Western Digital Comments on Letter from Elliott Management

Shares of WDC stock are up over 10% after Elliott Management penned a letter to the company's board proposing a business split. The post Why Is Western Digital (WDC) Stock Climbing Higher Today?

Why Is Western Digital (WDC) Stock Climbing Higher Today?

Markets ticked higher today, as investors are anticipating the next moves by the Federal Reserve.

Stock Market Today: Dow Jones, S&P 500 Edges Higher; Western Digital Soars On Activist Investor Push For Spin-Off

Western Digital Corp (NASDAQ: WDC) shares are trading higher Tuesday after Elliott Investment Management sent a letter to Western Digital's board, calling for a full strategic review of the value that could be created by separating its flash unit. Elliott Investment Management, which.

Western Digital Stock Is Surging: Here's Why

Activist investor Elliott Investment Management urged Western Digital Corp on Tuesday to separate its Flash business and offered to invest $1 billion to facilitate a sale or a spin-off of the business.

Elliott offers $1 billion to help separate Western Digital's Flash business

Shares of the memory manufacturer spike Tuesday after Elliott Investment Management urges a strategic review.

Western Digital Pushed to Spin Off Flash Business by Activist Investor Elliott

Shares of Western Digital Corp. [S: WDC] were surging 10% in premarket trading Tuesday after Elliott Investment Management called for the company to split its business in two and offered at least $1 billion in capital to help with a separation. Elliott issued a letter to Western Digital's board of directors saying that while the company has "great potential" in both its hard-disk drive and flash businesses, it has "underperformed-operationally, financially and strategically.

Western Digital stock rockets after Elliott Management calls for a split of the business

Calls for Full Strategic Review, Separation of Flash Business Sees $100+ per Share by 2023, ~100% Potential Upside Offers $1+ Billion of Incremental Equity Capital to Facilitate Separation Full Letter Available at ElliottLetters.com/WesternDigital WEST PALM BEACH, Fla. , May 3, 2022 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Investment Management Sends Letter to the Board of Western Digital Corporation

Western Digital Corporation (NASDAQ:WDC ) Q3 2022 Earnings Conference Call April 28, 2022 4:30 PM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analysis and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants C.J. Muse - Evercore Aaron Rakers - Wells Fargo Joe Moore - Morgan Stanley Tom O'Malley - Barclays Patrick Ho - Stifel Mehdi Hosseini - SIG Nik Todorov - Longbow Research Nam Kim - Arete Research Jim Suva - Citigroup Steven Fox - Fox Advisors Christian Schwab - Craig-Hallum Mark Miller - The Benchmark Company Kevin Cassidy - Rosenblatt Securities Operator Good afternoon, and thank you for standing by.

Western Digital Corporation (WDC) CEO David Goeckeler on Q3 2022 Results - Earnings Call Transcript

Western Digital (WDC) delivered earnings and revenue surprises of 12.24% and 1.63%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Western Digital (WDC) Q3 Earnings and Revenues Top Estimates

Western Digital's (WDC) Q3 performance is likely to gain from continued strong demand from cloud customers amid reduced flash availability.

Factors to Note Ahead of Western Digital (WDC) Q3 Earnings

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Western Digital (WDC) and Kioxia jointly invest in adding a sixth flash memory manufacturing facility to the Yokkaichi Plant.

Western Digital (WDC), Kioxia Invest to Enhance Memory Output

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The Vanguard Mid-Cap Value ETF has outperformed the S&P 500 in the past year. Some iconic companies have lost over 30% of their value in the past year.

News for Western Digital Stock (WDC)