Headquartered in San Jose, CA Fiscal year ends June NASDAQ: WDC westerndigital.com
Western Digital Corporation (WD) builds storage infrastructure for the AI-driven data economy. The company partners with hyperscalers, cloud service providers, and enterprises to deliver reliable storage solutions at scale. Following the separation of its flash business (SanDisk), WD operates as a hard disk drive (HDD)-focused storage company, retaining an ownership interest in SanDisk. The company serves cloud, enterprise, and consumer end markets with data storage products designed to store, protect, and manage the world's growing data. Updated
AI storage demand pushed non-GAAP gross margin to 58.1% from 43.9% a year ago, the kind of expansion that resets what this business can earn. Management's guidance and a dividend raised to $0.175 a share answer the recent selloff directly.
A 7.1% slide to $351.70 takes roughly $9 billion off a $131.6 billion storage name in a single session. Moves this size rarely settle in a day, so keep an eye on whether the stock stabilizes near these levels.
Applied Digital closed up 6.93%, the widest gain in a 385-name priority universe, with Sea at the other end down 5.35%.
The storage names took the worst of Friday's close, with Western Digital down 10.07% and Seagate off 9.96%. Teradyne led the whole 379-name board at +7.98%.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.
H World Group tops today's dividend payments with $267.5 million heading to shareholders, or 87 cents a share, arriving September 22. Ross Stores is next with $142.7 million.
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Western Digital Corporation (WD) builds storage infrastructure for the AI-driven data economy. The company partners with hyperscalers, cloud service providers, and enterprises to deliver reliable storage solutions at scale.
24/7 Wall St.'s 12-month price target for WDC is $470.52, rated Buy. The Wall Street consensus target is $613.38. WDC price prediction →
