Welcome to our dedicated page for Western Digital news (Ticker: WDC), a resource for investors and traders seeking the latest updates and insights on Western Digital stock.
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 Corp. (WDC) reported fiscal Q1 2021 results with revenue down 3% year-over-year to $3.9 billion, largely due to macroeconomic uncertainties and shifts in customer purchasing patterns. Client Devices revenue rose 20% to $1.9 billion, fueled by remote work trends and gaming growth. However, Data Center Devices revenue fell 26% to $1.1 billion. Operating income improved significantly to $70 million from a loss of $129 million, while net income rose to $196 million, up 94%. For Q2 2021, WDC forecasts revenue between $3.75 billion and $3.95 billion, with adjusted EPS guidance of $0.40 to $0.60.
Western Digital Corp. (Nasdaq: WDC) appoints Ashley Gorakhpurwalla as executive vice president and general manager of its HDD business unit. Gorakhpurwalla, a 20-year veteran of Dell Technologies, previously led a $20 billion unit at Dell EMC. His role focuses on HDD portfolio strategy, product development, and engineering leadership. With almost 30 years in technology, he aims to enhance innovation in data storage solutions, supporting the company's growth strategy alongside Rob Soderbery, who leads the Flash business unit. This management change aims to drive more coordinated advancements in HDD and Flash technologies.
Western Digital Corp. (NASDAQ: WDC) has announced that Dropbox Inc. (NASDAQ: DBX) is one of the first companies to qualify its Ultrastar DC HC650 20TB shingled magnetic recording (SMR) hard disk drives (HDD). This partnership will enhance Dropbox's storage capabilities while reducing total cost of ownership (TCO) for its multi-exabyte storage platforms. The SMR HDDs offer unmatched storage densities, leading to improved power efficiency and lower costs, benefiting Dropbox's 600 million+ customers. This collaboration reinforces Western Digital's leadership in providing cutting-edge data infrastructure solutions.
Western Digital Corp. (NASDAQ: WDC) will report its first quarter fiscal 2021 financial results after market close on October 28, 2020. 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 call will be available via live audio webcast as well as a replay on the company's investor relations website. Western Digital is a leader in data infrastructure, offering solutions under its recognized brands, including Western Digital, G-Technology, SanDisk, and WD.
Western Digital Corp. (NASDAQ: WDC) has unveiled two new SanDisk portable SSDs, the SanDisk Extreme and SanDisk Extreme PRO, boasting nearly double the speed of previous models. These SSDs cater to professionals needing reliable, high-capacity storage for demanding tasks, supporting up to 2TB. Key features include read/write speeds of up to 2000MB/s for the Extreme PRO and 1050MB/s for the Extreme. The drives offer robust design with drop protection and IP55 rating, along with 256-bit AES hardware encryption. Available now, prices range from $119.99 to $499.99.