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Western Digital Corp. - WDC STOCK NEWS

Welcome to our dedicated news page for Western Digital (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Western Digital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Western Digital's position in the market.

News
Western Digital to Announce Third Quarter Fiscal 2024 Financial Results on April 25, 2024
Rhea-AI Summary
Western Digital Corp. (WDC) will announce its Q3 fiscal year 2024 financial results on April 25, 2024. An investor conference call will follow at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
earnings
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News
Western Digital Announces Update on Company Separation
Rhea-AI Summary
Western Digital Corp. (WDC) provides an update on its plan to separate into two independent, publicly traded companies by the second half of 2024. The company is making significant progress in various transactional activities, including legal entity establishment, customer and supplier contract transfers, and executive leadership appointments for the Flash and HDD companies post-separation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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none
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News
Ethisphere Names Western Digital as One of the 2024 World's Most Ethical Companies® for the Sixth Time
Rhea-AI Summary
Western Digital Corporation (WDC) receives the 2024 World’s Most Ethical Companies® recognition by Ethisphere for the sixth time. The company is among five honorees in the technology industry, showcasing a commitment to ethical business practices and governance. The recognition spans 20 countries and 44 industries, emphasizing the company's dedication to embedding ethics into its organizational fabric.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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none
News
Western Digital to Participate in Upcoming Investor Conference
Rhea-AI Summary
Western Digital Corp. (WDC) is participating in the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024. The live webcast can be accessed through the Investor Relations website, with an archived replay available post-event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
conferences
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News
Kioxia and Western Digital’s Joint Venture To Receive Up To 150 Billion Yen Government Subsidy for Yokkaichi and Kitakami Plants
Rhea-AI Summary
Kioxia Corporation and Western Digital Corporation have received a 150 billion yen subsidy from the Japanese government for their joint venture manufacturing facilities at Yokkaichi and Kitakami plants to produce the latest generation of 3D flash memory and future generation advanced nodes. This is the second time the facilities have received this subsidy, with the previous one being up to 92.9 billion yen in 2022. The companies plan to continue enhancing the development and production capabilities of cutting-edge flash memory in Japan and contribute to the development of semiconductor-related industries and talent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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none
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News
Western Digital Reports Fiscal Second Quarter 2024 Financial Results
Rhea-AI Summary
Western Digital Corp. (Nasdaq: WDC) reported second quarter revenue of $3.03 billion, up 10% sequentially. Cloud revenue increased 23%, Client revenue decreased 2%, and Consumer revenue increased 15%. The GAAP earnings per share (EPS) was $(0.87) and Non-GAAP EPS was $(0.69). The company expects fiscal third quarter 2024 revenue to be in the range of $3.20 billion to $3.40 billion with Non-GAAP EPS in the range of $(0.10) to $0.20.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
earnings
News
Western Digital to Announce Second Quarter Fiscal 2024 Financial Results on January 25, 2024
Rhea-AI Summary
Western Digital Corp. (WDC) will release its Q2 FY 2024 financial results on January 25, 2024, followed by an investor conference call. The call will be accessible via live audio webcast and webcast replay at investor.wdc.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
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News
Western Digital Begins Volume Shipments of 24TB CMR HDDs; Industry Adoption of SMR Strengthens as 28TB SMR HDD Ramps
Rhea-AI Summary
<br>Western Digital (NASDAQ: WDC) is advancing its HDD technology roadmap to provide unmatched solutions for hyperscale, cloud, and enterprise customers. The company is shipping new 10-disk 24TB CMR HDDs and 28TB SMR HDDs, leveraging technology innovations like ePMR, OptiNAND™, and UltraSMR. These high-capacity, low-power, and reliable storage solutions are designed for data-intensive applications and are built with recycled content, contributing to sustainability targets. The new Ultrastar DC HC680 SMR HDD offers storage density for bulk storage, cloud storage, and big data storage, while the Ultrastar DC HC580 CMR HDD maximizes data density and power efficiency. These drives are being qualified by select hyperscalers and OEM customers and will be available in CYQ1’24 (FYQ3’24).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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none
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News
Western Digital to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Western Digital Corp. (NASDAQ: WDC) Announces Participation in Investor Conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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conferences
News
Western Digital Announces Upsize And Pricing Of $1.4 Billion Convertible Notes Offering
Rhea-AI Summary
Western Digital Corporation has priced its offering of $1.4 billion aggregate principal amount of convertible senior notes due 2028, reflecting an increase of $100 million over the previously announced offering size. The sale of the notes is expected to be completed on November 3, 2023. The notes will bear interest at a rate of 3.00% per annum and will have an initial conversion rate of 19.1589 shares of Western Digital’s common stock per $1,000 principal amount of the notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.96%
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none
Stock WDC logo
Western Digital Corp.

Nasdaq:WDC

WDC Rankings

#463 Ranked by Market Cap
#1131 Ranked by Stock Gains
N/A Ranked by Dividends

WDC Stock Data

23.52B
324.23M
0.34%
95.23%
4.91%
Computer Storage Device Manufacturing
Manufacturing
Link
US
San Jose

About WDC

wd, a western digital company, is a long-time innovator and storage industry leader. as a storage technology pacesetter, the company produces reliable, high-performance hard disk drives and solid state drives. these drives are deployed by oems and integrators in desktop and mobile computers, enterprise computing systems, embedded systems and consumer electronics applications, as well as by the company in providing its own storage products. wd’s leading storage devices and systems, networking products, media players and software solutions empower people around the world to easily save, store, protect, share and experience their content on multiple devices. wd was established in 1970 and is headquartered in irvine, calif. for more information, please visit the company’s website at www.wd.com.