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 Corp. (NASDAQ: WDC) announced its participation in several upcoming investor conferences. These include the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 8:35 a.m. PT, and the Wells Fargo 6th Annual TMT Summit on the same day at 1:50 p.m. PT. Additionally, the UBS Global TMT Conference will occur on December 6, 2022, at 11:10 a.m. PT, followed by the Barclays Global TMT Conference on December 8, 2022, at 11:00 a.m. PT. Live webcasts of these presentations will be available on the company's Investor Relations website.
Western Digital Corp. reported fiscal Q1 2023 revenue of $3.74 billion, exceeding guidance midpoints, with GAAP EPS at $0.08 and Non-GAAP EPS at $0.20. The company faced a 17% revenue decline quarter-over-quarter and a 26% year-over-year drop. Operating income declined significantly to $158 million GAAP and $307 million Non-GAAP, reflecting 72% and 56% decreases respectively. For Q2 2023, revenue guidance is $2.90 billion to $3.10 billion with Non-GAAP EPS projected between ($0.25) and $0.05.
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Western Digital Corp (NASDAQ: WDC) is set to announce its first quarter fiscal year 2023 financial results before market opening on October 27, 2022. A conference call will follow at 5:30 a.m. Pacific / 8:30 a.m. Eastern to discuss these results, with a live audio webcast available on their investor relations website. The company emphasizes its commitment to innovative data storage solutions and carbon reduction goals.
Western Digital Corp. (NASDAQ: WDC) announced its management's participation in several upcoming investor conferences. Key events include the Deutsche Bank Technology Conference on August 31, 2022, the Citi Global Technology Conference on September 7, 2022, the Evercore ISI TMT Conference on September 8, 2022, and the Goldman Sachs Communacopia + Technology Conference on September 12, 2022. Live webcasts of the presentations will be available on Western Digital's Investor Relations website, with archived replays accessible shortly after each session.
Western Digital Corp. (WDC) reported fiscal Q4 2022 revenue of $4.53 billion, down 8% year-over-year. Cloud revenue rose 5%, while Client and Consumer revenues fell 14% and 23% respectively. GAAP EPS for the quarter was $0.95, with non-GAAP EPS at $1.78. For FY 2022, revenue totaled $18.79 billion, an 11% increase YoY. The company generated $295 million in operating cash flow but reported a free cash flow of $(97) million. Looking ahead, they expect Q1 2023 revenue between $3.60 billion to $3.80 billion with non-GAAP EPS guidance of $0.35 to $0.65.
Western Digital (NASDAQ: WDC) supports the passage of the Bipartisan Innovation Act (BIA), which aims to strengthen semiconductor technology supply chains and enhance national security. CEO David Goeckeler emphasized the Act's role in reinforcing U.S. leadership in the memory and data storage sectors. The company is committed to collaborating with the Biden administration to boost domestic semiconductor advancements, particularly in memory and data storage technologies, which are vital for economic growth and innovation.
Western Digital Corp (NASDAQ: WDC) is set to announce its fourth quarter and fiscal year 2022 financial results on August 5, 2022, before market opening. A conference call to discuss these results will follow at 5:30 a.m. Pacific / 8:30 a.m. Eastern. Interested stakeholders can access a live audio webcast and replay at investor.wdc.com. The company emphasizes its commitment to data potential and sustainable practices.
Western Digital Corporation (WDC) has initiated a review of strategic alternatives to enhance long-term shareholder value. This assessment, overseen by CEO David Goeckeler and the Executive Committee, includes evaluating options for separating its Flash and HDD businesses. Following discussions with major investor Elliott Investment Management, the company is open to considering Elliott’s proposal for additional investment in its Flash sector. Financial advisors Qatalyst Partners and Lazard will assist in this review.
Western Digital unveiled cutting-edge HDD and Flash innovations at its recent event in San Francisco, highlighting the launch of the industry's first 22TB CMR and 26TB UltraSMR HDDs. CEO David Goeckeler emphasized the importance of data storage in a world flooded with digital information. The company showcased solutions tailored for various sectors, including new high-capacity PCIe Gen4 NVMe SSDs and products designed for gaming and creative professionals. The focus remains on pushing boundaries in data usage and innovation, responding to the growing demand for storage in the digital age.
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