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Western Digital Corporation (WDC) drives innovation in data storage solutions through its industry-leading HDD and SSD technologies. This news hub provides investors and technology professionals with essential updates on corporate developments, product advancements, and strategic initiatives shaping the storage industry.
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Discover updates on capacity-optimized storage architectures, sustainability initiatives in manufacturing, and advancements in 3D NAND technology. Content spans operational milestones across Western Digital's global supply chain and product integration with major cloud service providers.
Bookmark this page for streamlined access to verified information about Western Digital's role in enabling next-generation computing environments. Check regularly for updates critical to understanding storage market dynamics and corporate performance indicators.
Western Digital (WDC) reported strong fiscal Q1 2022 results with revenue of $5.1 billion, a 29% increase year-over-year. Cloud revenue surged 72%, while Client and Consumer revenues grew modestly by 6% and 10%, respectively. The company achieved a GAAP EPS of $1.93 and a non-GAAP EPS of $2.49, despite COVID-related expenses of $56 million. Operating cash flow reached $521 million. WDC anticipates Q2 revenue between $4.70 billion and $4.90 billion, with non-GAAP EPS expected between $1.95 and $2.25.
Western Digital (NASDAQ: WDC) will release its Q1 fiscal year 2022 financial results on October 28, 2021, after the market closes. The company will host an investment community conference call at 1:30 p.m. Pacific / 4:30 p.m. Eastern on the same day. Investors can access a live audio webcast and a replay through investor.wdc.com.
Western Digital announced its smart factories in Malaysia and Thailand have been accepted into the Global Lighthouse Network, recognizing innovation in manufacturing technology. This distinction highlights their commitment to Fourth Industrial Revolution practices, integrating AI and automation for sustainability and efficiency. The Malaysian facility achieved a 32% cost improvement, while the Thai operation increased output by 123%, reduced costs by 30%, and improved product returns by 43%. CEO David Goeckeler emphasized the importance of technology in driving sustainable growth.
Western Digital (NASDAQ: WDC) has announced its commitment to reduce operational emissions by 42% by 2030, aligning with the Paris Climate Agreement. The Science Based Targets initiative (SBTi) has approved these goals, which include a 50% reduction in product emissions intensity. Key actions include increasing energy efficiency, adopting on-site solar, and procuring renewable energy. As of mid-2021, facilities in Northern California run on 100% renewable energy. The company aims to play a significant role in combating climate change while enhancing its operational sustainability.
Western Digital Corp. (NASDAQ: WDC) announced its participation in two upcoming investor conferences. The Deutsche Bank Technology Conference is scheduled for September 10, 2021, at 11:45 a.m. PT, while the Citi 2021 Global Technology Virtual Conference will take place on September 14, 2021, at 8:20 a.m. PT. Both presentations will be available via live webcast on Western Digital's Investor Relations website, with archived replays accessible post-event.
Western Digital Corp. (NASDAQ: WDC) unveiled a new flash-enhanced drive architecture at its HDD Reimagine event, utilizing OptiNAND technology to improve HDDs with embedded flash. This innovation supports increased capacity, performance, and reliability, addressing the growing demand for data storage. New drives will offer 2.2TB per platter using nine-disk, 20TB ePMR technology. The integration of iNAND enables higher areal density and enhanced firmware algorithms. Availability of these drives is expected across the company’s portfolio, positioning Western Digital for future advancements in storage technology.
Western Digital Corp. (NASDAQ: WDC) will participate in the Nasdaq Virtual Investor Conference in Asia on August 10, 2021, at 7:00 p.m. PT / 10:00 p.m. ET. The event will feature a live webcast available on Western Digital’s Investor Relations website. Following the presentation, an archived replay will be accessible for those who missed it. As a leader in data infrastructure, Western Digital focuses on creating environments for data to thrive, offering solutions through its well-known brands, including Western Digital, G-Technology, SanDisk, and WD.
Western Digital Corp. (Nasdaq: WDC) reported strong fourth quarter and fiscal year 2021 results, with revenue reaching $4.92 billion, up 19% quarter-over-quarter and 15% year-over-year. The gross margin improved to 31.8%, reflecting a 5.4 percentage point increase. Diluted earnings per share (EPS) rose to $1.97, up 214%. The fiscal year revenue was $16.92 billion, marking a 1% increase. The company highlighted record shipments in its data center solutions and strong demand across client devices, including gaming and automotive sectors. Looking ahead, revenue guidance for Q1 2022 is between $4.90 billion and $5.10 billion.
Western Digital Corp. (NASDAQ: WDC) will release its fourth quarter and fiscal year 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The audio of the call will be accessible via investor.wdc.com.
Western Digital Corp. (NASDAQ: WDC) will host a virtual investor event on July 15 at 1:00 p.m. PT / 4:00 p.m. ET. Dr. Siva Sivaram, President of Technology and Strategy, will lead the presentation, focusing on the integration of flash and HDD storage technologies under one company to meet various market needs. He will emphasize the importance of leveraging these technologies for future data infrastructure development. Investors can register for the event on Western Digital’s Investor Relations website, with a replay available shortly after the presentation.
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