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.
Seagate stock shed 30% in a single month even as revenue surged 48% and contracts locked in demand through 2028, leaving investors to decide whether the selloff is a warning or the…
A Bank of America note arguing that memory customers are now locking in supply for years at a time is lifting chip and storage stocks together, and the group is beating the…
SanDisk just posted a record fiscal year yet sits nearly 50% below its 52-week high after a brutal month-long selloff. Whether that gap represents a rare opportunity or a warning sign depends…
SanDisk has shed a third of its value in a month even as its business posts record numbers and locks in nearly $94 billion in signed customer contracts. One top analyst sees…
Live Updates Western Digital Q1 Earnings Coverage Wrap-Up4:33pm ETThat wraps up our initial coverage of Western Digital’s Q1 results. Thank you for stopping by! Western Digital Q1 Earnings Call Preview4:29pm ET WDC…
Thomas Richmond Selling in memory and storage stocks is running well ahead of the broader tech pullback, and a name with one of the year’s biggest gains is absorbing the worst of it. SanDisk…
Pre-Market Stock Futures: Futures are lower after a huge mid-week follow-through rally fueled by spectacular earnings and forward guidance from Space Exploration and Technologies (NASDAQ: SPCX | SPCX Price Prediction). Elon Musk’s…
Memory and storage makers have delivered the best technology rally of this year, and the size of those gains now forces a hard choice on anyone holding them. Micron Technology (NASDAQ:MU |…
Jim Cramer called out two storage giants sitting on massive year-to-date gains as the most dangerous stocks to own if one key spending trend reverses, and the math behind their profits makes…
Memory stocks are extending a multi-day slide as a Chinese rival’s server memory plans shake a group that had been riding AI infrastructure demand. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock has…
Seagate just shed more than 14% in a month after a rival made a move that rattled the entire hard-drive sector, yet the company's own numbers tell a completely different story about…
SK Hynix (NASDAQ:SKHY) stock is down 5% to $148.70 as China’s ChangXin Memory Technologies (CXMT) signals it’s aiming a denser chip design at server memory. That push targets the most profitable corner…
Western Digital has beaten earnings five straight times, yet the stock keeps falling as a supply threat from a rival threatens to unravel the entire bullish case that has one Wall Street…
Applied Materials just posted its fifth consecutive earnings beat while the stock cratered 22% in three months, and at least one Wall Street firm thinks that disconnect points to one of the…
Seagate shares cratered 15% in a single week even as analysts refused to cut a single earnings estimate and the stock still sits nearly 52% below where the average price target says…
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 $460.06, rated Buy. The Wall Street consensus target is $610.04. WDC price prediction →
