US Market News
2週前
WD Appoints Manuvir Das to Board of DirectorsMay 28, 2026 9:00 AM
Business Wire Veteran technology executive and AI infrastructure leader brings deep expertise in enterprise AI, data infrastructure and cloud computing Western Digital Corporation (Nasdaq: WDC), the storage foundation of the AI-driven data economy, today announced the appointment of Manuvir Das to its board of directors, effective May 26, 2026. Das previously held senior leadership roles at NVIDIA, Dell EMC, and Microsoft, and brings deep expertise in enterprise AI, data infrastructure, and cloud computing. He currently serves as an Operating Partner in the Digital Infrastructure group at Stonepeak Partners LP, a position he assumed in April 2025. “Manuvir is a highly respected technology leader with a strong track record of driving innovation across some of the world’s leading AI, cloud, and enterprise infrastructure companies,” said Marty Cole, chairman, WD. “His experience helping enterprises operationalize AI at scale, combined with his deep understanding of data infrastructure and storage, will be invaluable as WD continues building the infrastructure that makes AI possible. We are excited to welcome Manuvir to the board.” "I am honored to join WD’s board at such an important moment for the industry,” said Manuvir Das. “AI is reshaping the technology landscape and driving extraordinary growth in data creation and infrastructure investment. WD's storage infrastructure is foundational to enabling AI at scale. I look forward to working with the board and leadership team as the company continues helping customers build for the future.” Das most recently served as Head of Enterprise Computing at NVIDIA, where he led the company’s enterprise AI strategy, launched the NVIDIA AI Enterprise software suite, and worked to make AI more accessible and production-ready for enterprise customers worldwide. Prior to NVIDIA, Das led Dell EMC’s unstructured data storage business, overseeing the scale-out Isilon NAS platform and the scale-out ECS Object platform. Earlier in his career, he spent 14 years at Microsoft where he was an original engineering leader behind the development of Microsoft Azure. Das earned his master’s and doctoral degrees in Computer Science from the University of Wisconsin and his bachelor’s degree in Computer Science and Engineering from the Indian Institute of Technology Bombay. With this appointment, Western Digital's board is comprised of nine directors, eight of whom are external and independent. About WD WD, also known as Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world's leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world's data with confidence. Follow WD on LinkedIn and learn more at www.wd.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528164764/en/ Media Contact:
WD.Mediainquiries@wdc.com Original: WD Appoints Manuvir Das to Board of Directors
US Market News
1月前
WD Announces Equity-for-Equity ExchangeMay 6, 2026 9:15 AM
Business Wire Western Digital Corporation (Nasdaq: WDC) today announced that it has entered into exchange agreements with certain institutional investors on May 5, 2026, pursuant to which WD will receive an aggregate of 1,865,801 shares of WD common stock in exchange for an aggregate of 653,203 shares of common stock of Sandisk Corporation (“Sandisk”). The exchanges are expected to settle on May 7, 2026, subject to customary closing conditions. Upon the settlement of the exchanges, WD will continue to own 1,038,681 shares of Sandisk common stock, which it intends to dispose of in one or more subsequent exchanges for WD debt held by WD creditors and/or in exchange for outstanding shares of WD common stock and/or through distributions to WD stockholders as dividends. About WD WD, also known as Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world's leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world's data with confidence. Follow WD on LinkedIn and learn more at www.wd.com. © 2026 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning the company’s disposition of its remaining shares of Sandisk common stock. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse global or regional conditions, including new or additional tariffs or trade restrictions; the company’s dependence on a limited number of qualified suppliers; volatility in demand for the company’s products; the impact of business and market conditions, including inflation, increases in interest rates and an economic recession; the outcome and impact of the company’s completed separation of its HDD and Flash businesses; the impact of competitive products and pricing; the company’s development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives, restructurings, acquisitions, divestitures, mergers, joint ventures and the company’s strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring and retention of key employees; the company’s level of debt and other financial obligations; changes to the company’s relationships with key customers; compromise, damage or interruption from cybersecurity incidents or other data system security risks; actions by competitors; any decisions to reduce or discontinue paying cash dividends or repurchasing shares of the company’s common stock; the company’s ability to achieve its greenhouse gas emissions reduction and other sustainability goals; the impact of international conflicts; risks associated with compliance with changing legal and regulatory requirements and the outcome of legal proceedings; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including the company’s Annual Report on Form 10-K filed with the SEC on August 14, 2025 to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506659682/en/ Western Digital Corporation Investor Contact:
Ambrish Srivastava
408-717-9765
ambrish.srivastava@wdc.com
investor@wdc.com Media Contact:
Media Relations
WD.Mediainquiries@wdc.com Original: WD Announces Equity-for-Equity Exchange
iHub News
1月前
Western Digital Shares Drop Despite Strong Q3 BeatMay 1, 2026 5:22 AM
IH Market News
Western Digital Corporation (NASDAQ:WDC) reported fiscal third-quarter results that exceeded Wall Street expectations, but its shares fell more than 7% in premarket trading on Friday.The stock had closed 5.27% higher on Thursday and had surged over 60% over the past month, driven by growing investor optimism.
Elevated Expectations Weigh on Market Reaction
With data storage stocks rallying on the back of AI-driven demand and tighter supply conditions, expectations heading into the earnings release were notably high, setting a challenging benchmark for the company.
Earnings and Revenue Outperform Forecasts
Western Digital posted adjusted earnings per share of $2.72, beating the consensus estimate of $2.36 by $0.36. Revenue reached $3.34 billion, representing a 45% year-over-year increase and surpassing the $3.23 billion forecast.The strong performance was supported by broad-based demand across end markets, particularly from AI-related workloads that require long-term data storage on hard disk drives.
Margins Expand on Strong Demand
Gross margins improved by 436 basis points quarter-on-quarter to 50.5%, while incremental gross margins reached 73% year over year and approximately 92% compared to the prior quarter.“WD started calendar year 2026 with great execution, driving strong sequential and YoY revenue growth in all our end markets, while expanding gross and operating margins,” said Irving Tan.“The demand drivers are clear: Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.”
Outlook Points to Continued Strength
For the fourth quarter, the company guided to earnings between $3.10 and $3.40 per share on revenue of $3.55 billion to $3.75 billion. The midpoint of $3.25 per share is well above the $2.75 consensus estimate, while the revenue midpoint of $3.65 billion also exceeds expectations of $3.47 billion.Western Digital projected adjusted gross margins of 51% to 52% for the quarter. Analysts at Bank of America noted that this “does imply a slower q/q step-up.”“Given the $/TB pricing up 9% y/y, we see a continued path of revenue and GM upside. The broader demand backdrop remains favorable with LTAs now extending into C29,” they added.
Cash Flow Strength and Dividend Increase
Operating cash flow reached $1.12 billion during the quarter, with free cash flow totaling $978 million. The company also announced a 20% increase in its quarterly dividend, raising it to $0.15 per share.Western Digital stock price
Original: Western Digital Shares Drop Despite Strong Q3 Beat
US Market News
2月前
WD to Participate in Upcoming Investor ConferencesApril 21, 2026 8:00 PM
Business Wire
Western Digital Corporation (Nasdaq: WDC) today announced management participation in the following upcoming investor conferences:
Event: Barclays 18th Annual Americas Select Conference 2026
Date: Tuesday, May 5, 2026, at 6:15 a.m. PT / 9:15 a.m. ET
Event: J.P. Morgan 2026 Global Technology, Media and Communications Conference
Date: Monday, May 18, 2026, at 1:10 p.m. PT / 4:10 p.m. ET
Event: Bank of America Global Technology Conference 2026
Date: Tuesday, June 2, 2026, at 8:40 a.m. PT / 11:40 a.m. ET
Event: 2026 Evercore Global TMT Conference
Date: Wednesday, June 3, 2026, at 8:45 a.m. PT / 11:45 a.m. ET
The management presentations will be available as live webcasts, accessible through Western Digital's Investor Relations website at investor.wdc.com. Archived replays will be accessible through the website shortly after the conclusion of the presentations.
About WD
WD, also known as Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world's leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world's data with confidence. Follow WD on LinkedIn and learn more at www.wd.com.
© 2026 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260421571376/en/
Ambrish Srivastava
408.717.9765
ambrish.srivastava@wdc.com
Western Digital Investor Relations
investor@wdc.com
Western Digital Media Relations
WD.Mediainquiries@wdc.com
Original: WD to Participate in Upcoming Investor Conferences
US Market News
3月前
Ethisphere Names WD as One of the 2026 World's Most Ethical Companies® for the Eighth TimeMarch 18, 2026 9:30 AM
Business Wire
20th annual recognition honors organizations committed to business integrity through robust ethics, compliance, and governance programs
Western Digital Corporation (Nasdaq: WDC), the storage foundation of the AI-driven data economy, has been recognized for the eighth consecutive year as one of the 2026 World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
Also referred to as WD, the company is one of only five honorees in the Technology industry. In 2026, 138 honorees were recognized, spanning 17 countries and 40 industries. This year’s class includes 19 first-time honorees, and six organizations recognized 20 times.
“At WD, ethical leadership is essential to building lasting trust in today’s technology landscape,” said Joe Santosuosso, VP and Chief Compliance Officer at WD. “Recognition as one of the World’s Most Ethical Companies for the eighth consecutive year reflects our continued commitment to integrity, transparency, and responsible innovation across everything we do.”
“Congratulations to WD for achieving recognition as one of the World’s Most Ethical Companies®. As we mark the 20th class of honorees, this group continues to raise the bar for business integrity by embedding ethics into everyday decision-making and long-term strategy. Companies with strong ethics, compliance, and governance programs are built for better long-term performance,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair.
To learn more about WD’s commitment to ethical leadership and responsible business practices, visit the WD blog: https://blog.westerndigital.com/wd-worlds-most-ethical-companies-2026/
Methodology & Scoring
The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient®, which requires companies to provide 240+ documented proof points on practices that support robust ethics and compliance, including: corporate governance; program structure & resourcing; written standards; training, awareness, & communication; risk assessment & auditing; investigations, enforcement, discipline & incentives; measurement of ethical culture; third-party risk management, and environmental & social impact.
That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year’s group of applicants.
This process serves as an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world.
Honorees
To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website: https://worldsmostethicalcompanies.com/honorees.
About WD
WD, formerly Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world's leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world's data with confidence. Follow WD on LinkedIn and learn more at www.wd.com.
About Ethisphere
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere’s data-driven program & culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World’s Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine, and the Ethicast podcast. For more information, visit https://ethisphere.com.
© 2026 Western Digital Corporation or its affiliates. All rights reserved. WD, the WD design, and Western Digital are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. World’s Most Ethical Companies and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC. All other marks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318039133/en/
Media Contacts
Corporate Media Inquiries
WD.Mediainquiries@wdc.com
Julia Petre
Julia.petre@ethisphere.com
Original: Ethisphere Names WD as One of the 2026 World's Most Ethical Companies® for the Eighth Time
iHub News
3月前
Strategist warns one segment of the market appears “very vulnerable” to a deeper declineMarch 9, 2026 6:36 AM
IH Market News
U.S. equities have shown surprising resilience despite recent macroeconomic shocks, but certain areas of the market are beginning to look increasingly fragile, according to BTIG strategist Jonathan Krinsky.Krinsky pointed out that the S&P 500 has remained relatively stable even as oil prices surged sharply and the latest labor market data disappointed.“If you told us a week ago that WTI crude was going to go from $67/bbl to $92/bbl and nonfarm payrolls would print -92k vs. 55k consensus, we would have said SPX would be firmly below 6,700. Yet it held up fairly well after two downside tests of 6,700,” he wrote in a Sunday note.However, Krinsky added that confidence in the index maintaining that support level is fading. A clear move below 6,700 could lead to a test of the 200-day moving average near 6,582, suggesting roughly another 3% downside risk.Energy markets have also reached extreme levels, which could have broader consequences for equities. “WTI crude at one point on Friday was 45% above its 200 DMA,” Krinsky noted, a condition seen only a few times over the past 40 years, including during the Gulf War and the Russia-Ukraine conflict. In both cases, the rallies proved temporary.Meanwhile, credit markets are also showing signs of stress. Investment-grade spreads have widened to their weakest levels since last spring, while concerns around private credit are growing — developments that could align with a drop in the S&P 500 if conditions continue to worsen.Within equities, bank stocks have so far managed to remain above their 200-day moving average. Still, Krinsky said the broader financial sector “is clearly weaker” due to exposure to insurance and private credit activities.Technology shares present a mixed picture. Software companies have demonstrated relative strength, with the IGV (NYSE:IGV) software ETF gaining more than 7% last week and potentially advancing toward the $95–$100 range.Semiconductor stocks, on the other hand, appear to be losing momentum after a strong rally. Krinsky expects software names to outperform the semiconductor sector in the months ahead.Within the semiconductor space, memory chip producers may face the greatest downside risk.“The memory names in particular look quite vulnerable to us here having made a small top, but with a long way down before meaningful support,” Krinsky said, highlighting SanDisk (NASDAQ:SNDK), Micron Technology (NASDAQ:MU), Western Digital (NASDAQ:WDC) and Seagate (NASDAQ:STX) as stocks that currently appear “precarious.”SanDisk stock priceMicron Technology stock priceWestern Digital stock priceSeagate stock price
Original: Strategist warns one segment of the market appears “very vulnerable” to a deeper decline
US Market News
4月前
Western Digital to Participate in Upcoming Investor ConferenceFebruary 13, 2026 4:15 PM
Business Wire
Western Digital Corporation (Nasdaq: WDC) today announced management participation in the following upcoming investor conference:
Event: Morgan Stanley Technology, Media & Telecom Conference
Date: Tuesday, March 3, 2026, at 7:45 a.m. PT / 10:45 a.m. ET
The management presentation will be available as a live webcast, accessible through WD’s Investor Relations website at investor.wdc.com. An archived replay will be accessible through the website shortly after the conclusion of the presentation.
About WD
WD builds the storage infrastructure that powers the AI-driven data economy. For more than 55 years, WD has been at the forefront of innovation, delivering the scale, reliability, and economics required to turn data into intelligence. Today, WD partners with the world’s leading hyperscalers, cloud providers, and enterprises to provide durable, innovative storage platforms that are proven and trusted at scale. All of this is driven by its people, whose engineering discipline and customer focus help organizations store, protect, and use the world’s data with confidence. Follow WD on LinkedIn and learn more at www.wd.com.
© 2026 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213012339/en/
Ambrish Srivastava
408.717.9765
ambrish.srivastava@wdc.com
Western Digital Investor Relations
investor@wdc.com
Western Digital Media Relations
WD.Mediainquiries@wdc.com
Original: Western Digital to Participate in Upcoming Investor Conference
US Market News
4月前
Western Digital Accelerates Storage Innovation for AI EraFebruary 3, 2026 4:35 PM
Business Wire
Now Rebranded as WD, the Company Unveils 100TB+ HDD Roadmap, Performance- and Power-Optimized Hard Drive Breakthroughs, and an Intelligent Platform Solution Redefining Storage Economics and Time-to-Value for Customers
Key Highlights:
Accelerated high-capacity roadmap: New world’s highest capacity 40TB1 UltraSMR ePMR HDD is in customer qualifications now; HAMR HDD capacities scaling to 100TB+ and continued HAMR qualification momentum with hyperscale customers; overlapping technology paths (ePMR and HAMR) give customers choice and flexibility for smooth transitions without disruption
New performance drive technology: High Bandwidth Drive and Dual Pivot design technologies deliver 2x bandwidth and up to 8x future bandwidth, and up to 2x IO performance gains supporting AI workloads at HDD economics, reducing reliance on flash
Power-optimized innovation: New power-optimized HDD uses 20% less power, shrinking the gap between warm and cold storage, enabling customers to reduce TCO, build lower cost tiers, and improve sustainability for AI-scale data
Platform Expansion: New intelligent solution will bring hyperscale storage economics to rapidly scaling AI customers through open API software that will accelerate deployment without architectural disruption
New era for WD: Company repositioned as a storage infrastructure partner for the AI-driven data economy with 90% of revenue driven by AI and cloud; Strong execution and financial performance as a stand-alone HDD company, with a new brand and financial model reflecting this transformation
At its Innovation Day 2026, Western Digital (Nasdaq: WDC) today unveiled a new customer-centric storage roadmap that reinvents the hard drive for AI needs, reinforcing its position as a strategic storage infrastructure partner for the AI-driven data economy. The announcements reflect how WD's fundamental business transformation has enabled a new generation of storage technologies spanning scalable capacity, breakthrough performance optimizations, power efficiency innovations and an intelligent platform API with cost-effective economics.
As AI generates massive amounts of data, it has spurred intense demand for data storage. To meet the moment, WD has focused deeply on customer needs, particularly capacity with proven reliability and economics, performance, power efficiency, and faster qualifications without customer business disruptions. During its Innovation Day, WD showcased technologies that address these essential customer requirements and will deliver them at scale.
Today's announcements represent a new era for WD, building on the strategic moves the company completed over the past year: shifting to long-term customer partnerships based on multi-year commitments; achieving operational excellence through disciplined execution that more than doubled gross profit year-over-year; and cultural transformation through leadership renewal that accelerated decision-making. All of this drove WD's success and inclusion in the Nasdaq 100 and ranking among top S&P 500 performers in 2025. In addition, a new financial model was shared to reflect the company's refreshed view for the next 3 to 5 years. The new model is available at investor.wdc.com.
As a capstone to this momentum, the company, now known as WD, also unveiled updated branding that visually references the data center and reflects its transformation into a company that provides essential storage infrastructure for the AI-driven data economy.
Capacity Innovation: Clear Path to 100TB+
Reinforcing its dual ePMR and HAMR technology leadership approach, WD announced that the world's highest capacity 40TB UltraSMR ePMR HDD is in qualification with two hyperscale customers with volume production planned for the second half of 2026. WD HAMR HDD qualifications are also underway with two hyperscale customers with ramp production in 2027.
WD will extend ePMR to 60TB by leveraging HAMR innovations without increasing power consumption, while HAMR will scale to 100TB by 2029. This dual-path approach is a critical advantage as both ePMR and HAMR are built on a common architecture, enabling greater manufacturing efficiencies, yields, and a smoother customer product transition.
The result is unprecedented flexibility. Hyperscalers and enterprises can adopt either technology on their own timelines with predictable capacity planning and seamless scaling – no forced technology transitions, no infrastructure disruptions, just continuous and accelerating capacity growth built on architecture they already trust.
HDD Performance Architecture: Closing the QLC Flash Gap
Addressing the performance demands of AI workloads, WD introduced two industry-first innovations that fundamentally reset HDD performance. These innovations address workloads previously considered flash-only, creating a new performance tier that balances speed and capacity without compromising economics, which is critical as flash faces persistent cost premiums (6-10x vs. HDD) and endurance limitations:
High Bandwidth Drive Technology enables simultaneous reading and writing from multiple heads on multiple tracks delivering up to 2x the bandwidth of conventional HDDs without power penalties. The technology has a clear path to scale up to 8x bandwidth gains and is already in customer hands for validation.
Dual Pivot Technology adds a second set of independently operating actuators on a separate pivot and will deliver up to 2x sequential IO gain within a 3.5-inch drive. This differs from previous dual actuator designs that sacrificed capacity and required extensive customer software changes. Dual Pivot enables reduced spacing between disks, allowing for more platters per drive and higher overall capacity.
When combined, these technologies will enable WD to increase sequential IO to 4x overall, delivering 100TB HDDs while maintaining the relative IO per TB rate customers enjoy today. This reduces the need for customers to increase SSD deployment or rearchitect services as capacity scales.
High Bandwidth Drive Technology is already with customers today. HDDs with Dual Pivot Technology are currently in the lab and will become available in 2028.
Power-Optimized HDDs: Bridging the Gap Between Warm and Cold AI Data Tiers
AI training and inference is creating massive amounts of valuable cold data that still needs to be accessed in seconds, not hours, rendering this data too active for tape but also too expensive for traditional capacity drives. WD's power-optimized HDDs address this challenge with a purpose-built solution that reduces power consumption, and therefore customer operating costs, while maintaining a sub-second access storage tier with the same 3.5-inch form factor customers use today.
These drives will trade minimal random IO for higher capacity and substantially lower power – an optimal design for cold data – shrinking the gap between warm and cold storage tiers and enabling economically sustainable AI data storage at scale.
Power-optimized drives are expected to be in customer qualification in 2027.
Platforms Expansion: Reducing Complexity to Improve Customer Time-to-Value
Understanding that mid-scale customers face hyperscale challenges without hyperscale resources, WD announced the expansion of its Platforms business to extend hyperscale storage economics to a broader set of customers. This expansion includes the development of an intelligent software layer, through an open API, expected to launch in 2027, that will enable companies at 200+ petabyte scale to achieve the same storage efficiency and economics that hyperscalers enjoy today.
This intelligent software layer will accelerate storage innovation adoption across WD’s UltraSMR, ePMR and HAMR HDD, and flash platforms while dramatically reducing time-to-production and lowering qualification risk across storage tiers. By simplifying the deployment of storage infrastructure for AI-scale workloads, WD will transform time-to-value without requiring architectural disruption – giving up-and-coming cloud and enterprise WD customers a clear path to hyperscale economics.
“For the past year, WD has remained continuously focused on execution and accelerating innovation, which has enabled us to truly reimagine the hard drive to meet the requirements of AI,” said Irving Tan, Chief Executive Officer at WD. “Today, we are showcasing innovation that reflects our deep connection to our customers and how we are meeting demand for capacity, scale, quality, enhanced performance, and ease of technology adoption.”
“WD Innovation Day is where our customer-centric business transformation meets our breakthrough technology for the AI era,” said Ahmed Shihab, Chief Product Officer at WD. “We've organized around how customers build and scale AI infrastructure. WD is challenging conventional storage assumptions and removing the complexity and cost barriers that limit their AI-driven growth. Our capacity, performance, power efficiency, and platform innovations solidify our position as the innovation partner for the AI-driven data economy.”
“WD's Innovation Day revealed a company that has genuinely transformed its strategy around customer infrastructure needs,” said Ed Burns, HDD Research Director at IDC. “The market validation is already evident – customers are deploying these solutions because WD is solving what matters most for AI infrastructure: reliable capacity at scale, performance that meets demanding workloads, and economics that enable profitability. This customer-centric approach, combined with operational discipline positions WD well in the market going forward.”
For the full WD Innovation Day 2026 replay and presentation, visit: https://investor.wdc.com/
About WD
WD builds the storage infrastructure that powers the AI-driven data economy. For more than 55 years, WD has been at the forefront of innovation, delivering the scale, reliability, and economics required to turn data into intelligence. Today, WD partners with the world’s leading hyperscalers, cloud providers, and enterprises to provide durable, innovative storage platforms that are proven and trusted at scale. All of this is driven by its people, whose engineering discipline and customer focus help organizations store, protect, and use the world’s data with confidence. Follow WD on LinkedIn and learn more at www.wd.com.
1 One terabyte (TB) is equal to one trillion bytes and one petabyte (PB) is equal to one quadrillion bytes. Actual user capacity may be less due to operating environment.
© 2026 Western Digital Corporation or its affiliates. All rights reserved. WD, the WD design, and Ultrastar are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding expectations for: the company’s product development plans, including the performance, value, capabilities, availability and market position of the company’s products; the company’s business outlook, strategy and financial model; industry, technology, and storage trends, including the impact of artificial intelligence; and the company’s market position, demand trends, and growth opportunities for the company’s products. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse global or regional conditions, including new or additional tariffs or trade restrictions; the company’s dependence on a limited number of qualified suppliers; volatility in demand for the company’s products; the impact of business and market conditions, including inflation, increases in interest rates and an economic recession; the outcome and impact of the company’s completed separation of its HDD and Flash businesses; the impact of competitive products and pricing; the company’s development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives, restructurings, acquisitions, divestitures, mergers, joint ventures and the company’s strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring and retention of key employees; the company’s level of debt and other financial obligations; changes to the company’s relationships with key customers; compromise, damage or interruption from cybersecurity incidents or other data system security risks; actions by competitors; any decisions to reduce or discontinue paying cash dividends or repurchasing shares of the company’s common stock; the company’s ability to achieve its greenhouse gas emissions reduction and other sustainability goals; the impact of international conflicts; risks associated with compliance with changing legal and regulatory requirements and the outcome of legal proceedings; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including the company’s Annual Report on Form 10-K filed with the SEC on August 14, 2025 to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260203315373/en/
Ambrish Srivastava
408.717.9765
ambrish.srivastava@wdc.com
Western Digital Investor Relations
investor@wdc.com
Western Digital Media Relations
WD.Mediainquiries@wdc.com
Original: Western Digital Accelerates Storage Innovation for AI Era
US Market News
4月前
Tradr Debuts Leveraged ETFs on Lumentum, Sandisk and Western DigitalJanuary 27, 2026 11:46 AM
PR Newswire (US)
Launch captures the secular renaissance of memory stalwarts SNDK and WDCNEW YORK, Jan. 27, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today launched three new leveraged ETFs on single stocks. The Cboe-listed funds seek to deliver twice (200%) the daily performance of a specific underlying stock. All three ETFs are first-to-market strategies.The following ETFs are expected to open for trading today:Tradr 2X Long LITE Daily ETF (Cboe: LITX) – Lumentum Holdings Inc. (Nasdaq: LITE)Tradr 2X Long SNDK Daily ETF (Cboe: SNXX) – tracks Sandisk Corp. (Nasdaq: SNDK)Tradr 2X Long WDC Daily ETF (Cboe: WDCX) – tracks Western Digital Inc. (Nasdaq: WDC)"Both Sandisk and Western Digital have experienced massive positive momentum since last summer," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "The renaissance of memory stocks has been one of the U.S. market's brightest yet surprising stories and we are excited to finally give traders high conviction tools to play this secular boom."Tradr's lineup of 62 leveraged ETFs represents $2 billion in assets under management. Tradr's strategies can be accessed through most brokerage platforms and allow investors to avoid the hassle of using margin and the complexity of options trading. The firm continues its mission of providing sophisticated investors with innovative trading tools that enhance their ability to express market views with precision and efficiency.For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.IMPORTANT RISK INFORMATIONTradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000843
View original content to download multimedia:https://www.prnewswire.com/news-releases/tradr-debuts-leveraged-etfs-on-lumentum-sandisk-and-western-digital-302670663.htmlSOURCE Tradr ETFs
Original: Tradr Debuts Leveraged ETFs on Lumentum, Sandisk and Western Digital
US Market News
4月前
Tradr to Launch Leveraged ETFs on LITE, SNDK and WDCJanuary 26, 2026 6:20 PM
PR Newswire (US)
Three first-to-market single-stock leveraged ETFs seeking 200% long exposureNEW YORK, Jan. 26, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, announced that it expects to launch three new single stock leveraged ETFs on Tuesday, January 27. The funds will be listed on Cboe and all three represent first-to-market strategies. Each ETF aims to deliver twice (200%) the daily performance of its specific underlying stock.Expected Tradr launches:Tradr 2X Long LITE Daily ETF (Cboe: LITX) – Lumentum Holdings Inc. (Nasdaq: LITE)Tradr 2X Long SNDK Daily ETF (Cboe: SNXX) – tracks Sandisk Corp. (Nasdaq: SNDK)Tradr 2X Long WDC Daily ETF (Cboe: WDCX) – tracks Western Digital Inc. (Nasdaq: WDC)For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.IMPORTANT RISK INFORMATIONTradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000841
View original content to download multimedia:https://www.prnewswire.com/news-releases/tradr-to-launch-leveraged-etfs-on-lite-sndk-and-wdc-302670270.htmlSOURCE Tradr ETFs
Original: Tradr to Launch Leveraged ETFs on LITE, SNDK and WDC
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