Revenue segments as reported by the company.

Flash

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Employee termination, asset impairment and other charges

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Litigation matter

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Western Digital

SanDisk is a manufacturer of flash memory products, including memory cards and readers, USB flash drives, and solid state drives. As of February 2015, SanDisk is the third-largest manufacturer of flash memory. On May 12, 2016, SanDisk was acquired by hard drive manufacturer Western Digital in a US$19 billion deal.

SanDisk

HGST is a wholly owned subsidiary of Western Digital that sells hard disk drives, solid-state drives, and external storage products and services.

HGST

Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Western Digital faces revenue decline but anticipates improvement and cost reduction

Western Digital's Q3 performance reflects a mixed picture with revenue and margin improvements in certain segments but overall decline in total revenue. The company is focused on proactive cost management, investment decisions, and automation to address ongoing financial challenges. Despite the current market environment, there are opportunities for improvement in the second half and cost reduction with BiCS8.

Western Digital faces revenue decline and operational challenges in Q2

Western Digital's Q2 performance reflects revenue decline, operational challenges, and strategic actions to reset the business. Despite facing headwinds in the cloud segment, the company is strengthening its financial position and focusing on cost reduction. Opportunities exist in market stabilization, product demand improvement, and strategic financial management.

Western Digital exceeds Q3 expectations amidst demand stabilization signs

Western Digital's Q3 performance showed resilience with signs of demand stabilization and strategic actions yielding positive results in both HDD and Flash businesses. While facing revenue challenges and margin pressures, the company remains focused on addressing network security incidents and optimizing cost management strategies.

Western Digital reports Q4 revenue growth and anticipates technology opportunities

Western Digital's Q4 performance showcased revenue growth in flash shipments, operational optimization, and stabilization of hard drive demand.
The company's strengths lie in executing an innovative product roadmap, enhancing liquidity, and anticipating growth in data center technologies.
Challenges include underutilization charges, margin management concerns, and the impact of lower CapEx on future investments.
Opportunities include expected growth in 26 terabyte drives, SMR technology adoption, and recovery in nearline units, presenting avenues for business expansion.

Western Digital plans to spin off flash business for growth

Western Digital's Q1 performance exceeded revenue expectations but reported a non-GAAP loss per share, with sequential growth in flash revenue and challenges in HDD revenue.
The company's strategic decision to spin off the flash business aims to unlock shareholder value and capitalize on the flash market's growth potential.
Opportunities lie in the HDD business's innovation and growth prospects, while challenges include underutilization charges and market weaknesses in China.
Dynamic management of wafer starts and a focus on profitability and free cash flow are key strategies moving forward for Western Digital.

Western Digital meets Q2 expectations, eyes NAND market growth

Western Digital's Q2 performance met expectations with strengths in flash business management and sequential revenue growth.
Challenges include operating losses, cash outflow, and client revenue decline due to flash ASP increase.
Opportunities lie in the growing demand for NAND bits at the edge, cost reduction trends, and emerging enterprise SSD market.
Overall, Western Digital's focus on product leadership and profitability improvement positions it for long-term success.

Western Digital exceeds Q3 expectations, focuses on AI growth

Western Digital's Q3 2024 earnings call showcased strong financial performance, exceeding revenue and EPS expectations.
The company is strategically positioned to capitalize on increasing AI demand, with a focus on profitability and market leadership.
Challenges include managing bit growth, monitoring AI impact on HDD demand, and maintaining gross margin targets.
Opportunities lie in leading technology development, tailored product offerings, and partnerships for market advantage.

Western Digital reports strong Q4 earnings, eyes growth opportunities

Western Digital's Q4 performance reflects solid revenue and earnings, driven by growth in Flash and HDD segments.
The company's strengths in innovation, market positioning, and strategic planning position it well for future growth.
While facing challenges such as dis-synergy costs and industry dynamics, Western Digital has opportunities to capitalize on market trends and drive further revenue growth.

Western Digital excels in Q1 2025 earnings, anticipates sequential growth

Western Digital's Q1 performance reflects a robust financial position with strong revenue and earnings growth. The company's strategic focus on Flash and HDD businesses, along with the ongoing separation process, positions it well for future opportunities and growth.

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Stockholders equity

Minority interest

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Book value per share

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Change in working capital

Cash from investing

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Purchase/sale of investments

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Other sources

Cash from financing

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Cash from other sources

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Free cash flow

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Subscribers to  Chart of the Week  received this commentary on Sunday, October 2.

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Western Digital is a leader in hard drives and flash memory. The company announced mixed financial results for the fiscal fourth quarter, beating adjusted earnings but missing revenue estimates.

Western Digital: Undervalued With Data Center Tailwinds

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Analysts at Mizuho lowered their price targets for the two stocks and changed the ratings to Neutral from Buy.

Micron and Western Digital Stocks Are Downgraded on Market Weakness

Western Digital Corp (NASDAQ:WDC) stock is down 4.2% at $35.06 at last glance, after Deutsche Bank downgraded the stock to "hold" from "buy," with a price-target cut to $40 from $56.

Western Digital Stock Hits 2-Year Low on Bear Notes

Deutsche Bank lowered its rating on the disk drive company's to Hold from Buy, forecasting quarterly earnings well below management's expectations.

Western Digital's 'Recovery Path Uncertain', Analyst Says. The Stock Gets a Downgrade.

The CEO gave a dour pre-announcement for the September quarter, and recession fears didn't help, either.

Why Western Digital Is Down 13.8% This Week

Western Digital (NASDAQ: WDC) stock price dropped around 45% from $80 in 2017 end to around $43 currently, primarily due to unfavorable changes in its P/S multiple.

Why Has Western Digital Stock Underperformed The S&P Since 2017?

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Western Digital Corporation (NASDAQ:WDC ) Goldman Sachs Communacopia + Technology Conference September 12, 2022 12:15 PM ET Company Participants Dave Goeckeler – Chief Executive Officer Wissam Jabre – Executive Vice President and Chief Financial Officer Conference Call Participants Toshiya Hari – Goldman Sachs Toshiya Hari Okay. I think we're ready to go.

Western Digital Corporation (WDC) Goldman Sachs Communacopia + Technology Conference Transcript

Western Digital Corporation (NASDAQ:WDC ) Evercore ISI 2nd Annual TMT Conference September 8, 2022 1:30 PM ET Company Participants David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants C.J. Muse - Evercore ISI C.J.

Western Digital Corporation (WDC) Presents at Evercore ISI 2nd Annual TMT Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC ) Citi 2022 Global Technology Conference September 7, 2022 12:15 PM ET Company Participants Wissam Jabre – Chief Financial Officer David Goeckeler – Chief Executive Officer Conference Call Participants Jim Suva – Citi Jim Suva Hello everyone. Thank you so much.

Western Digital Corporation (WDC) Citi 2022 Global Technology Conference

The stock price of Western Digital (WDC) fell by 2.54% in the most recent trading session. This is why.

Western Digital (WDC) Stock: Why It Fell 2.54%

Western Digital Corp. WDC, -2.54% shares fell 3.4% in premarket trades Thursday after a profit warning from Seagate Technology Holdings STX, -3.54% reduced expectations for data center technology providers. Benchmark cut its rating on Western Digital to sell from hold, with a price target of $34 a share.

Western Digital cut to sell at Benchmark, shares fall

Western Digital Corporation (NASDAQ:WDC ) Deutsche Bank 2022 Technology Conference August 31, 2022 11:15 AM ET Company Participants Siva Sivaram - President & Head, Technology & Strategy Conference Call Participants Sidney Ho - Deutsche Bank Sidney Ho Okay. Good morning everyone.

Western Digital Corporation (WDC) Deutsche Bank 2022 Technology Conference (Transcript)

Western Digital Corp (NASDAQ: WDC) shares are trading lower by 2.14% to $42.43 Wednesday morning after Seagate Technology Holdings PLC (NASDAQ: STX) lowered its guidance. What Happened?

Western Digital Corp. (WDC) – Why Western Digital Stock Is Falling

Many semiconductor stocks are retreating this morning after a prominent name in the sector, Nvidia (NASDAQ: NVDA ), preannounced weaker-than-expected second-quarter revenue yesterday. NVDA stock fell 7% on the news yesterday.

Why Are Semiconductor Stocks Down Today?

Western Digital Corp., which is considering a breakup of its hard disk drive and flash businesses, is also wrestling with a tough macroeconomic environment.

Could a tough macro environment speed up Western Digital's breakup?

Western Digital delivered an overall acceptable June quarter 2022 performance, but the stock did not react. Investors should detach from quarterly results and look at the company from a more high-level perspective: WDC trades at deep value multiples.

Western Digital: Trading At 60% Discount To Peers

Disappointing earnings and guidance plagued this memory and storage maker.

Why Western Digital Fell Today

Western Digital (WDC) fiscal fourth-quarter top line was affected by weakness in Client and Consumer segments' performance. However, higher cloud revenues were a positive.

News for Western Digital Stock (WDC)