Western Digital Stock Price, News & Analysis

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.

Western Digital Corp. (NASDAQ: WDC) is set to release its second quarter fiscal 2021 financial results after market close on January 28, 2021. A conference call to discuss these results will take place 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 of the call at investor.wdc.com.

Western Digital Corp. (NASDAQ: WDC) has launched a new range of 4TB portable SSDs designed to meet the growing demands of gamers and content creators. The new drives, including the SanDisk Extreme Pro and WD_Black P50 Game Drive, offer high-speed performance with read and write speeds up to 2000MB/s. Pricing starts at $679.99 and availability is expected later this quarter. The company emphasizes its commitment to delivering innovative storage solutions that cater to the storage needs of professionals and consumers worldwide.

Western Digital Corp. (NASDAQ: WDC) announced its participation in two upcoming virtual investor conferences. The events include the Wells Fargo TMT Summit 2020 on December 1, 2020, at 9:40 a.m. PT and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 10:30 a.m. PT. Both presentations will be accessible via the company's Investor Relations website, with archived replays available shortly after each event.

Western Digital specializes in data infrastructure solutions, enhancing data management across various platforms.

Western Digital (NASDAQ: WDC) has launched three special edition storage drives in collaboration with Call of Duty: Black Ops Cold War. The products include the WD_BLACK P10 Game Drive (2TB for $109.99), the WD_BLACK P50 Game Drive SSD (1TB for $249.99), and the WD_BLACK SN850 NVMe SSD (1TB for $239.99). Each drive comes with in-game Call of Duty points, enhancing value for gamers. The products aim to enhance gaming experiences by optimizing storage solutions, with availability expected in December 2020.

Western Digital (NASDAQ: WDC) introduced new NVMe SSDs at the Flash Memory Summit, aimed at enhancing data-centric architectures for data centers, industrial IoT, and automotive applications. Key products include the Ultrastar DC ZN540 ZNS NVMe SSD, offering up to 8TB capacity and 4x performance improvements, and the IX SN530 Industrial SSD designed for extreme environments. The WD Blue SN550 NVMe SSD was launched in a 2TB capacity, targeting content creators. These innovations reflect Western Digital's commitment to advancing storage technology to meet growing data demands.