Western Digital (WDC)
Builds high-capacity hard drives for cloud infrastructure, enterprise systems, PCs, and consumer storage.
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Designs and manufactures hard disk drives for cloud data centers, enterprise systems, PCs, smart video, and consumer storage, selling through Ultrastar and WD brands. Following the Sandisk separation, revenue is concentrated in high-capacity drives for large cloud customers.
Designs and manufactures hard disk drives for Cloud, Client, and Consumer markets after separating the flash business as Sandisk. High-capacity Ultrastar drives serve hyperscale and enterprise data centers; WD Gold, Red, Purple, Blue, and WD_BLACK cover enterprise, NAS, smart-video, PC, and gaming uses. My Passport, My Book, and G-DRIVE extend the portfolio into external storage for consumers and creative professionals.
Builds recording heads and magnetic media in-house, with assembly and testing concentrated across Asia and additional operations in California. Vertical integration supports high-volume precision manufacturing, capacity scaling, and reliability, while other components come from external suppliers, including some sole- or single-source providers. Cloud customers generate most revenue, and three customers each account for a material share of sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $650 | Target: $676 |
| Aug 6, 2026 | Robert W. Baird | Target | Target: $450 | Target: $630 |
| Aug 6, 2026 | Mizuho Securities | Target | Target: $685 | Target: $590 |
| Aug 6, 2026 | UBS | Reiterate | Rating: —Target: $560 | Target: $525 |
| Aug 6, 2026 | Summit Insights Group | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $1.58B · Total debt $1.05B · Total assets $13.86B · Shareholders' equity $8.86B
- Revenue
- $3.75B
- Operating income
- $1.56B
- Net income
- $3.20B
HistoryDividendAnnual yield
| Institutions | 94.37% | 325.28M shares | |
|---|---|---|---|
| 1,958 holders · as of Jun 30, 2026 | |||
| Insiders | 0.85% | 2.92M shares | |
| 22 holders · as of Sep 21, 2026 | |||
| Other | 4.78% | 16.48M shares | |
| remainder | |||
344.68M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.56% | 32.95M | as of Jun 30, 2026 |
FMR LLCInstitution | 7.54% | 25.98M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 22.51M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 4.93% | 17.01M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 4.82% | 16.60M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Vidyadhara K. Gubbi | officer: Chief of Global Operations | −1,795 | $459.87 |
| Sep 4, 2026 | Cynthia L. Tregillis | officer: Chief Legal Officer & Corp Sec | −432 | $451.20 |
| Sep 1, 2026 | Stephanie A. Streeter | director | −1,600 | $455.00 |
| Aug 31, 2026 | Stephanie A. Streeter | director | −4,000 | $447.82 |
| Aug 27, 2026 | Cynthia L. Tregillis | officer: Chief Legal Officer & Corp Sec | −1,007 | $478.36 |
- Seagate Technology
Direct HDD duopoly rival in nearline cloud and enterprise drives.
- Sandisk
Former WDC flash unit; enterprise SSD challenges HDD in data-center wallets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Western Digital | $463.61 | +3.45% | $154.48B | 18.1 | 22.6 | 12.0 | +43.8% |
| Seagate Technology | $911.50 | +3.90% | $196.72B | 63.1 | 25.1 | 16.1 | +48.5% |
| Sandisk | $1,884.82 | +6.69% | $261.62B | 24.0 | 8.9 | 12.9 | +371.6% |
| Median | 43.5 | 17.0 | 14.5 | +210.0% |