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.
linkJul 30, 2025 16:14:55
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.
linkMay 08, 2025 16:10:17
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.
linkApr 30, 2025 08:05:41
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.
linkApr 07, 2025 16:59:44
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.
linkMar 13, 2025 16:52:54
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.
linkFeb 24, 2025 16:10:41
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.
linkFeb 03, 2025 16:21:13
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.
linkJan 29, 2025 16:15:28
The company announced preliminary financial results for its second fiscal quarter ending December 27, 2024, highlighting a non-GAAP diluted earnings per share (EPS) metric that is expected to provide useful insights into its operating performance. The announcement also noted that the company is in the process of separating its hard disk drive and flash businesses, which is anticipated to be completed by February 28, 2025, coinciding with the resignation of its Chief Financial Officer, Wissam Jabre, who is leaving to pursue other opportunities. The company is actively searching for a replacement CFO following this transition.
However, the press release also outlined several risks and uncertainties that could impact the company's financial results, including global economic volatility, operational challenges related to the business separation, and potential supply chain disruptions. Other concerns included the company's level of debt, cybersecurity risks, and the need for compliance with changing legal and regulatory requirements. The company emphasized that actual results may differ from the preliminary figures due to ongoing financial closing procedures and other developments.
linkJan 16, 2025 16:30:33
Western Digital Corp. has reported a solid performance for its fiscal first quarter of 2025, with revenue reaching $4.10 billion, marking a 9% increase from the previous quarter. Notably, cloud revenue surged by 17%, reflecting the company's strong positioning in the enterprise SSD market. Additionally, the company reported significant improvements in profitability, with GAAP earnings per share at $1.35, a remarkable increase from just $0.08 in the prior quarter. The operating income also saw a substantial rise of 244%, indicating effective cost management and operational efficiency.
However, the company faces challenges, including a recent jury verdict in a patent infringement case that could impact its financial standing, with a $316 million penalty. While Western Digital is confident in its legal position, this matter adds uncertainty to its outlook. Moreover, despite the overall positive financial results, the client and consumer revenue segments remained flat, suggesting areas that may require further attention. Overall, while the company shows strong growth in key areas, it must navigate legal challenges and stagnant segments to maintain momentum.
linkOct 24, 2024 16:12:13