Western Digital Stock Price, News & Analysis

Western Digital Corp. (NASDAQ: WDC) will release its third quarter fiscal 2021 financial results on April 29, 2021, after market close. A conference call for analysts and investors will be held the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern to discuss these results. Participants can access the live audio webcast and a subsequent replay through their investor relations website at investor.wdc.com.

Western Digital has launched the SanDisk® iXpand® Flash Drive Luxe, featuring dual Lightning and USB Type-C connectors. This device aims to simplify file sharing between various devices like iPhones, iPads, and Mac computers. It allows users to easily transfer files without needing email, and supports high-speed transfers via USB 3.0. Available in 64GB, 128GB, and 256GB, pricing starts at $44.99. The product includes features like password protection and automatic backups for enhanced privacy and convenience. It's available through the Western Digital Store, Amazon, and select retailers.

Western Digital Corp. (NASDAQ: WDC) is set to host a virtual investor event on March 18 at 1:00 p.m. PT. Led by Dr. Siva Sivaram, President of Technology and Strategy, the event will delve into flash technology and the company's strategic initiatives in product innovation. Key topics include the company's flash joint venture and advancements in technology development. Investors can register for the live webcast on Western Digital’s Investor Relations website, where an archived replay will be available post-event.

Western Digital Corp. (NASDAQ: WDC) will conduct a virtual investor event on March 18 at 1:00 p.m. PT / 4:00 p.m. ET. Led by Dr. Siva Sivaram, President of Technology and Strategy, the presentation will focus on advancements in flash technology, the company's strategic initiatives, and product innovation. It will also cover the company’s flash joint venture and technology development. Interested parties can register for the live webcast on Western Digital’s Investor Relations website, with an archived replay available post-presentation.

Western Digital Corp. (NASDAQ: WDC) and Kioxia Corporation have unveiled their sixth-generation, 162-layer 3D flash memory technology, marking a significant advancement in their 20-year partnership. This technology achieves a 40% reduction in die size compared to its predecessor, optimizing costs while increasing manufacturing efficiency by 70% bits per wafer. Furthermore, the new architecture enhances program performance by 2.4 times and improves read latency by 10%. This innovation is poised to support diverse applications, particularly in data-driven sectors.

Western Digital Corp. (NASDAQ: WDC) announced participation in key upcoming investor conferences. The first event is the Goldman Sachs Technology & Internet Conference on February 11, 2021, at 12:40 p.m. PT / 3:40 p.m. ET. The second is the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 8:45 a.m. PT / 11:45 a.m. ET. These presentations will be available via live webcast on the company's Investor Relations website.

Western Digital Corp. (Nasdaq: WDC) reported fiscal Q2 2021 results with revenue declining 7% year-over-year to $3.943 billion, primarily due to a 46% drop in Data Center Devices revenue. However, gross margin improved to 24.3%, and operating income surged 216% to $158 million. Net income was $62 million compared to a loss of $139 million in Q2 2020. Looking ahead, the company expects Q3 revenue between $3.85 billion and $4.05 billion, with diluted earnings per share guidance of $0.55 to $0.75. Strong demand in Client Devices and retail supports growth despite challenges in data center segments.

Western Digital Corp. (NASDAQ: WDC) has partnered with the Institute for Health Metrics and Evaluation (IHME) and Qumulo to enhance COVID-19 research using its Ultrastar DC HC550 18TB HDDs and Ultrastar DC SN640 NVMe SSDs. This collaboration aims to more effectively manage and analyze extensive data sets crucial for public health decisions. With Qumulo's hybrid storage technology, IHME has improved data visualization and analytics, enabling better insights for policymakers during the vaccine rollout. The partnership highlights Western Digital's commitment to support vital health initiatives.