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 Corporation (Nasdaq: WDC) is a data storage company that emphasizes hard disk drive (HDD) technology as the foundation of the data economy. The WDC news feed on Stock Titan aggregates company announcements, earnings releases, product and technology updates, governance disclosures and other material events drawn from official sources.
Investors following Western Digital news can see how the company communicates its role as the backbone of the AI-driven data economy and its focus on mass storage for cloud and enterprise workloads. Recent press releases have covered fiscal quarter results, business outlook commentary, capital allocation actions such as dividends and share repurchases, and the impact of the separation of its Flash business into Sandisk Corporation on reported financials.
News items also highlight Western Digital’s technology and operations, including demonstrations of next-generation storage platforms for AI and high-performance computing, expansion of its System Integration and Test Lab network, and collaborations that leverage its materials science and nanofabrication expertise. Governance-related news, such as participation in investor conferences, annual meeting outcomes and executive appointments disclosed via Form 8-K, provides additional context on leadership and oversight.
This page allows readers to review Western Digital’s historical and ongoing disclosures in one place, from earnings press releases incorporated by reference into SEC filings to corporate updates on strategy, sustainability and customer-focused initiatives. By monitoring WDC news, market participants can better understand how the company frames its HDD-focused strategy, responds to demand trends in cloud and AI, and reports on key financial and operational milestones over time.
Western Digital (WDC) reported its fiscal Q4 and full-year 2024 financial results. Q4 revenue was $3.76 billion, up 9% sequentially and 41% year-over-year. Cloud revenue increased 21% QoQ, Client revenue rose 3% QoQ, while Consumer revenue decreased 7% QoQ. For the full fiscal year 2024, revenue was $13.00 billion, up 6% from 2023. Q4 GAAP EPS was $0.88, and Non-GAAP EPS was $1.44. The company expects Q1 2025 revenue to be between $4.00 billion and $4.20 billion, with Non-GAAP EPS projected at $1.55 to $1.85. CEO David Goeckeler highlighted the company's diverse portfolio and structural changes, positioning WDC to benefit from the broad market recovery and AI-driven growth opportunities.
Western Digital (NASDAQ: WDC) is set to announce its Q4 and fiscal year 2024 financial results on July 31, 2024, following the market close. An investment community conference call will be held on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern to discuss the results. Both a live audio webcast and a replay of the conference call will be accessible on their investor relations website.
Western Digital (NASDAQ: WDC) has introduced a six-stage AI Data Cycle framework to optimize storage for AI workloads. The initiative aims to help businesses maximize AI investments, enhance efficiency, and reduce total cost of ownership (TCO).
Western Digital has aligned its Flash and HDD product roadmaps to meet the storage needs of each AI Data Cycle stage. Key product launches include a high-performance PCIe Gen5 SSD for AI training and inference, a 64TB SSD for AI data lakes, and a 32TB HDD for cost-effective storage at scale.
The Ultrastar DC SN861 SSD offers up to 3x random read performance and improved energy efficiency. The new Ultrastar DC SN655 SSD range aims for higher capacity and performance for AI data preparation. Also, the Ultrastar DC HC690 32TB HDD is designed for massive data storage in hyperscale cloud and enterprise data centers.
Western Digital's AI Data Cycle framework and new products aim to support AI's growing demands across various industries.
Western Digital Corp. (NASDAQ: WDC) will host a webcast titled 'New Era of NAND' on Monday, June 10, 2024, at 1:00 p.m. Pacific / 4:00 p.m. Eastern. This event will be led by Robert Soderbery, Executive Vice President and General Manager of the Flash business, along with other senior executives. The webcast will detail new dynamics in the NAND market and highlight Western Digital's innovation in NAND technology. A Q&A session will follow, offering attendees a chance to engage directly with the management team. The live event and replay will be accessible on Western Digital's Investor Relations website.
Western Digital Corp. (NASDAQ: WDC) will be participating in several upcoming investor conferences, including the J.P. Morgan Global Technology, Goldman Sachs Global Semiconductor, TD Cowen Technology, and Bank of America Global Technology Conferences. Management presentations will be live webcasts accessible through Western Digital's Investor Relations website, with archived replays available shortly after each event.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.