Western Digital builds storage infrastructure centered on hard disk drives for hyperscalers, cloud service providers, enterprises, and other data-intensive customers. Company news commonly covers operating and financial results, demand tied to AI-driven data growth, balance-sheet actions, dividend updates, and customer engagement across end markets.
Updates also address WD's sustainability reporting, energy-efficient storage density, responsible business practices, and product portfolio changes. Recent company materials describe WD as a standalone HDD company after the completed separation of its Flash business into Sandisk, with branded HDD and external storage offerings including G-DRIVE, WD Gold, WD Purple, WD Red, WD Blue, and WD_BLACK.
Western Digital Corporation (NASDAQ: WDC) has successfully closed its public offering of $1 billion in senior unsecured notes, consisting of $500 million at 2.850% due 2029 and $500 million at 3.100% due 2032. The net proceeds, approximately $988 million, will be used to refinance existing debt and cover offering expenses. The company recently attained a second investment grade corporate rating from Fitch, reflecting strong cash flow and a commitment to debt reduction. This milestone positions Western Digital to assess future capital allocation strategies.
Western Digital Corp. (NASDAQ: WDC) informed investors about its participation in several upcoming virtual investor conferences. Key events include the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, the Nasdaq Investor Conference on December 1, 2021, the UBS Global TMT Virtual Conference on December 6, 2021, and the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021. Presentations will be available as live webcasts and archived on their Investor Relations website.
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.