Revenue segments as reported by the company.

Flash

Revenue Segments

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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Research and development

Selling, general and administrative

Employee termination, asset impairment and other charges

Business separation costs

Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Outstanding Shares

Market Cap

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

Revenue Multiple

Western Digital

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

SanDisk

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

HGST

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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Western Digital faces revenue decline but anticipates improvement and cost reduction

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

Western Digital faces revenue decline and operational challenges in Q2

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

Western Digital exceeds Q3 expectations amidst demand stabilization signs

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

Western Digital reports Q4 revenue growth and anticipates technology opportunities

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

Western Digital plans to spin off flash business for growth

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

Western Digital meets Q2 expectations, eyes NAND market growth

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

Western Digital exceeds Q3 expectations, focuses on AI growth

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

Western Digital reports strong Q4 earnings, eyes growth opportunities

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

Western Digital excels in Q1 2025 earnings, anticipates sequential growth

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

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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iShares PHLX Semiconductor ETF

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.

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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.

Western Digital Stock Surges on Loan Buzz, Upgrade

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Western Digital Corporation (NASDAQ:WDC ) Evercore ISI Semiconductor & Semiconductor Equipment Conference September 7, 2023 9:00 AM ET Company Participants David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants C.J. Muse - Evercore ISI Unidentified Company Representative Perfect.

Western Digital Corporation (WDC) Evercore ISI Semiconductor & Semiconductor Equipment Conference (Transcript)

Western Digital Corporation is an under-covered data storage device manufacturer that benefits from long-term trends in data storage technology. Despite the strong long-term trends, the company has some short-term headwinds, including low demand in all of its three end markets. Combined with known unknowns such as the Kioxia merger, this is a name to stay away from. Therefore, WDC stock gets a "Hold" rating.

Western Digital Struggles With Short-Term Headwinds

Western Digital Corporation (NASDAQ:WDC ) Goldman Sachs Communacopia & Technology Conference Call August 30, 2023 6:45 PM ET Company Participants Peter Andrew - VP, Financial Planning and Analyst and IR David Goeckeler - CEO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Okay, great. We'd like to get started.

Western Digital Corporation (WDC) Presents at Goldman Sachs Communacopia & Technology Conference Transcript

Western Digital shows strong indicators of potential M&A activity, including discussing separating its Flash and HDD business units. WDC's diverse portfolio and financial flexibility make it an attractive target for strategic M&A deals in the data storage industry. WDC's undervaluation, particularly in its EV/Sales ratio, highlights a significant room for upward revaluation.

Western Digital: The Unfolding M&A Narrative You Can't Afford To Ignore

An analyst issued a positive note on Western Digital on Thursday. NAND flash prices appear to have bottomed, at least in the near term.

Why Western Digital Rallied This Week

Western Digital Corporation (NASDAQ:WDC ) Deutsche Bank 2023 Technology Conference August 31, 2023 4:15 PM ET Company Participants David Goeckeler - CEO Peter Andrew - IR Conference Call Participants Sidney Ho - Deutsche Bank Sidney Ho Okay. Well, good afternoon, everyone.

Western Digital Corporation (WDC) Deutsche Bank 2023 Technology Conference (Transcript)

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Western Digital's (WDC) fourth-quarter performance is affected due to weak performance across all segments.

Western Digital (WDC) Q4 Earnings Beat, Revenues Fall Y/Y

Western Digital Corporation (NASDAQ:WDC ) Q4 2023 Earnings Conference Call July 31, 2023 4:30 PM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President and Chief Financial Officer Conference Call Participants Joseph Moore - Morgan Stanley C.J. Muse - Evercore ISI Tom O'Malley - Barclays Krish Sankar - Cowen Wamsi Mohan - Bank of America Sidney Ho - Deutsche Bank Toshiya Hari - Goldman Sachs Shannon Cross - Credit Suisse Timothy Arcuri - UBS Ananda Baruah - Loop Capital Karl Ackerman - BNP Paribas Operator Good afternoon, and thank you for standing by.

Western Digital Corporation (WDC) Q4 2023 Earnings Call Transcript

Western Digital (WDC) came out with a quarterly loss of $1.98 per share versus the Zacks Consensus Estimate of a loss of $2. This compares to earnings of $1.78 per share a year ago.

Western Digital (WDC) Reports Q4 Loss, Tops Revenue Estimates

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2023 financial results. “Throughout the fiscal fourth quarter and fiscal year, Western Digital continued to optimize our operations and successfully execute our innovative product roadmap, priming ourselves for greater profitability when demand rebounds across hard drives and flash. As a result of these efforts, we delivered revenue above our expectation and delivered a ra.

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results

Western Digital's (WDC) fiscal fourth-quarter performance is likely to have been affected by a challenging macro environment and inventory corrections by customers.

Western Digital (WDC) to Post Q4 Earnings: Key Factors to Note

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2023 financial results after the market closes on Monday, July 31, 2023. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. 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.

Western Digital to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on July 31, 2023

Seagate Technology Holdings PLC

Hard drives and flash memory are two types of storage that are essential parts of any computing system. This includes everything from your personal computer to huge cloud data centers.

2 Storage Stocks That Offer Cyclical Value

Western Digital has a 37% share in the hard drive market, and a possible merger of its Flash business with Kioxia could unlock shareholder value. The company's revenue has declined due to a cyclical pullback in industry demand, but it has beaten expectations for the top and bottom line. Activist firm Elliot management estimates following a merger or spin-off its equivalent share price could rise to over $100 per share, representing an ~150% upside.

Western Digital: Cyclical Value With Huge Merger Potential

The stock has gained 22% since September 2022 compared to the S&P 500, which gained about 20% during this period.

Will Western Digital Stock Rebound To Its Pre-Inflation Shock Highs?

The memory market is in one of its worst downturns, pushing two top players into merger discussions.

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Western Digital's (WDC) new goals focus on powering its entire operations using solely renewable energy sources by 2030.

Western Digital (WDC) Announces New Sustainability Goals

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

News for Western Digital Stock (WDC)