Western Digital Corporation's Stock Analysis

Western Digital Appoints New Chief Accounting Officer Brad Feller

Western Digital Corporation has appointed Brad Feller as Senior Vice President and Chief Accounting Officer, effective November 14, 2025. Feller succeeds Gene M. Zamiska and will also take on the role of principal accounting officer. His previous experience includes positions as CFO at Bright Machines, Flex Logix Technologies, and Infinera Corporation, among others. He will receive an annual base salary of $425,000, a target bonus opportunity of 75% of his salary, and a signing bonus of $300,000, which is subject to repayment under certain conditions.

In addition to his salary and bonuses, Feller will receive a sign-on restricted stock unit award valued at $1,500,000, with a vesting schedule that begins in November 2026. He is also eligible for an annual equity award for fiscal year 2027 valued at $900,000, pending approval. The company will enter into a standard indemnification agreement with him and he will be eligible for participation in the Executive Severance Plan and Change in Control Severance Plan.

Nov 03, 2025 17:10:31

Western Digital Reports Q1 FY2026 Financial Results and Dividend

Western Digital Corporation announced its financial results for the fiscal first quarter ended October 3, 2025, reporting revenues of $2.82 billion, a 27% increase year over year. The company achieved a GAAP diluted EPS of $3.07 and a non-GAAP diluted EPS of $1.78, along with a cash flow from operations of $672 million and free cash flow of $599 million. The Board of Directors declared a quarterly cash dividend of $0.125 per share, reflecting a 25% increase, payable on December 18, 2025.

Looking ahead, Western Digital expects continued revenue growth driven by data center demand, with projected Q2 FY2026 revenues of $2.9 billion. The company anticipates a non-GAAP gross margin of 44.5% and non-GAAP EPS of $1.88 at the mid-point of its guidance. The ongoing demand for data storage solutions, particularly in cloud environments, positions Western Digital favorably in the market.

Oct 30, 2025 16:11:32

Western Digital Reports Strong Q4 and Fiscal Year Results

Western Digital Corporation announced its financial results for the fourth quarter and fiscal year 2025, reporting revenue of $2.61 billion for Q4, a 30% increase year over year, and total fiscal year revenue of $9.52 billion, up 51% year over year. The company achieved a GAAP diluted EPS of $0.67 and a non-GAAP diluted EPS of $1.66, alongside cash flow from operations of $746 million and free cash flow of $675 million for the quarter.

In addition to the positive financial performance, Western Digital reduced its debt by $2.6 billion and initiated a cash dividend of $0.10 per share, payable on September 18, 2025. The company also announced a $2.0 billion share repurchase program, indicating a commitment to returning value to shareholders. For the upcoming fiscal first quarter of 2026, Western Digital expects revenue to reach approximately $2.7 billion, representing a 22% increase year over year at the midpoint of its guidance.

Jul 30, 2025 16:14:55

Western Digital Appoints Kris Sennesael as New CFO

Western Digital has announced the appointment of Kris Sennesael as its Chief Financial Officer, effective May 12, 2025. Sennesael brings over 25 years of experience in finance and management from the semiconductor and technology sectors, having most recently served as CFO at Skyworks Solutions. In his new role, he will oversee the company's global finance organization, which includes finance, accounting, and investor relations, and will report directly to CEO Irving Tan.

Sennesael's previous experience includes CFO positions at Enphase Energy and Standard Microsystems, as well as leadership roles at ON Semiconductor and Alcatel Microelectronics. His background in collaborating with executive teams to drive strategic initiatives is expected to contribute to Western Digital's efforts in balancing innovation, growth, and operational efficiency. The company emphasizes its commitment to sustainability and aims to deliver high-quality storage solutions while addressing climate change.

May 08, 2025 16:10:17

Western Digital Declares Dividend Amid Mixed Financial Results

Western Digital Corporation reported revenue of $2.29 billion for the fiscal third quarter of 2025, reflecting a 5% decrease from the previous quarter. The decline was attributed to decreases in cloud, client, and consumer revenue. The company reported GAAP earnings per share (EPS) of $2.11 and Non-GAAP EPS of $1.36, with an operating cash inflow of $508 million. The company’s total cash and cash equivalents stood at $3.48 billion at the end of the quarter.

The Board of Directors has approved a quarterly cash dividend program, declaring a cash dividend of $0.10 per share, payable on June 18, 2025, to shareholders of record as of June 4, 2025. Looking ahead, the company expects fourth quarter revenue to be in the range of $2.45 billion, with Non-GAAP EPS projected between $1.45 and $1.65. The company has also completed the separation of its Flash business unit, Sandisk, which is now an independent public company.

Apr 30, 2025 08:05:41

Western Digital Separates Flash Business, Reports Financial Changes

Western Digital Corporation completed the separation of its Flash business unit, now operating as Sandisk Corporation, which is no longer included in WDC's financial results. The company has reported a significant shift in its financial metrics, with total assets rising to $25.456 billion in Q2 2025, and an increase in cash and cash equivalents to $1.487 billion. Notably, the revenue for Q2 2025 reached $2.409 billion, up from $2.212 billion in the previous quarter, indicating a positive trend in sales performance.

Conversely, Western Digital reported a net loss from continuing operations of $246 million in Q1 2025, improving to a net income of $466 million in Q2 2025, yet the overall trend shows a challenging financial landscape with accumulated losses from previous quarters. Operating expenses have also seen fluctuations, with total operating expenses for Q2 2025 at $347 million, down from $472 million in the previous quarter. The company continues to face challenges with long-term debt and other liabilities, totaling $13.110 billion in Q2 2025.

Apr 07, 2025 16:59:44

Western Digital to Redeem $1.8 Billion in Senior Notes

Western Digital Corporation announced plans to redeem $1.8 billion of its 4.750% Senior Notes due 2026, effective April 14, 2025. Upon redemption, the company will have $500 million of the notes remaining outstanding, and the redemption will occur at 100% of the principal amount plus any accrued interest. A notice of redemption will be sent to registered holders of the notes.

The company highlighted its commitment to combat climate change and its mission to design storage technologies that meet data demands while being environmentally conscious. However, the press release included a disclaimer regarding forward-looking statements, indicating that there are risks and factors that could affect the company's goals and expectations.

Mar 13, 2025 16:52:54

Western Digital Completes Business Separation and Leadership Changes

Western Digital has successfully completed the planned separation of its Flash business, marking a significant organizational change for the company. The recent Investor Day event highlighted the company’s vision and strategy to maximize data value for its customers, while a new executive leadership team has been established, including new appointments to the Board of Directors and a transition in the Chief Financial Officer role.

On the downside, the announcement includes the departure of the outgoing Board Chair, and the position of Chief Product Officer remains to be filled. Additionally, the transition period may bring uncertainties as the company adapts to its new structure and leadership dynamics. The emphasis on climate-conscious design reflects a commitment to sustainability, which may require ongoing adjustments in operational practices.

Feb 24, 2025 16:10:41

Western Digital to Spin Off 80.1% of Sandisk Corporation

Western Digital Corporation (WDC) announced plans to separate its flash business, Sandisk Corporation (Spinco), from its hard disk drive operations through a spin-off transaction. This move aims to create two independent publicly traded companies, with WDC focusing on HDD solutions and Spinco expanding its portfolio of flash-based products. Each WDC stockholder will receive one-third of a share of Spinco for each share of WDC they hold, with the distribution expected to be tax-free for U.S. federal income tax purposes.

However, the announcement comes with potential risks as stockholders are advised to review the 'Risk Factors' section in the information statement. There is no current trading market for Spinco’s common stock, which is expected to be listed on Nasdaq under the ticker symbol ‘SNDK’ after the spin-off. The company has emphasized that stockholder approval is not required for the distribution, and shareholders do not need to take any action to receive their shares.

Feb 03, 2025 16:21:13

Western Digital Reports $4.29 Billion in Q2 Revenue

Western Digital Corp. reported a revenue of $4.29 billion for the second quarter of fiscal 2025, reflecting a 5% increase from the previous quarter. The company's cloud revenue rose by 6%, while consumer revenue saw a notable increase of 14%. The GAAP earnings per share (EPS) was $1.63, marking a 21% rise compared to the prior quarter, and the company ended the quarter with a total cash balance of $2.29 billion, showing a healthy cash inflow of $403 million.

However, the company faced challenges with its client revenue, which decreased by 3% sequentially, and its gross margin declined by 2.5 percentage points to 35.4%. The operating income increased by 15%, but the non-GAAP operating income saw a slight decrease of 2%. Additionally, the company anticipates lower revenue for the upcoming fiscal third quarter, projecting between $3.75 billion and $3.95 billion, which may indicate potential headwinds ahead.

Jan 29, 2025 16:15:28