Western Digital(NASDAQ) WDC

Western Digital NASDAQ:WDC makes devices that store digital information. These tools help people and businesses save important files. Its products work in phones, computers, and data centers.

Where Your Data Lives

• Cloud Products: High-capacity hard drives used by large data centers; accounts for 88% of total revenue.
• Client Devices: Storage parts for personal laptops and desktop computers; accounts for 7% of total revenue.
• Consumer Solutions: Portable drives and memory cards sold to everyday users; accounts for 5% of total revenue.

Moving Into the Future

• Issued a notice in September 2026 to settle outstanding convertible debt early.
• Allocated $1.0 billion to buy back company shares during the first quarter of 2027.
• Increased production of high-capacity drives to support artificial intelligence storage needs.
• Implemented new tax accounting for operations in Malaysia and Thailand.

Storing the World's Information

Western Digital creates high-capacity storage drives that use helium to increase efficiency. The company distributes its products globally through a network of store partners and big business customers. It focuses on building the hardware needed to handle the growth of artificial intelligence.

The Financial Scorecard

• Net revenue was $4.4 billion for the three-month period ended Oct. 2, 2026, up 55% year over year.
• Net income was $1.8 billion for the three-month period ended Oct. 2, 2026, up 51% year over year.
• Operating income was $2.0 billion for the three-month period ended Oct. 2, 2026, up 158% year over year.
• Cloud revenue was $3.9 billion for the three-month period ended Oct. 2, 2026, up 54% year over year.

The Big Picture

Western Digital has transitioned into a major provider for the cloud infrastructure market. Its focus on high-capacity storage helps it serve the growing data needs of the global economy.