Market Summary
USD35.34+0.95
Market Closed2.76%
WDC Stock Price
WDC RSI Chart
WDC Valuation
WDC Price/Sales (Trailing)
WDC Profitability
WDC Fundamentals
WDC Revenue
WDC Earnings
Price Action
52 Week Range
29.7363.26
(Low)(High)
Last 7 days
-9.3%
Last 30 days
-20.1%
Last 90 days
6.8%
Trailing 12 Months
-25.1%
WDC Financial Health
WDC Investor Care
Peers (Alternatives to Western Digital)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.5T | 387.5B | -0.56% | -0.91% | 25.94 | 6.37 | 2.44% | -5.35% |
HPQ | 27.9B | 59.8B | -7.84% | -19.28% | 10.71 | 0.47 | -7.84% | -60.07% |
NTAP | 13.3B | 6.5B | -9.85% | -24.01% | 10.3 | 2.05 | 4.33% | 27.27% |
STX | 12.6B | 9.4B | -16.09% | -31.28% | 20.4 | 1.35 | -21.90% | -66.38% |
WDC | 11.3B | 15.8B | -20.10% | -25.14% | -121.22 | 0.72 | -16.84% | -104.67% |
| MID-CAP | ||||||||
JNPR | 10.2B | 5.3B | -1.89% | -10.10% | 21.65 | 1.92 | 11.95% | 86.39% |
PSTG | 7.3B | 2.7B | -24.21% | -24.75% | 536.05 | 2.74 | 34.27% | 106.43% |
SMCI | 5.2B | 6.6B | 1.35% | 119.39% | 8.98 | 0.78 | 59.38% | 362.85% |
NCR | 3.0B | 7.8B | -20.01% | -40.97% | 49.75 | 0.38 | 9.61% | -38.14% |
XRX | 2.4B | 7.1B | -11.03% | -17.78% | -7.35 | 0.33 | 0.98% | 29.23% |
| SMALL-CAP | ||||||||
DDD | 1.4B | 556.2M | -7.29% | -27.15% | -13.31 | 2.47 | -12.75% | -133.51% |
DBD | 181.9M | 3.6B | -4.08% | -66.95% | -0.39 | 0.05 | -10.12% | -413.74% |
QMCO | 90.8M | 402.6M | -36.66% | -62.00% | -2.82 | 0.23 | 8.80% | 23.40% |
OSS | 53.1M | 71.9M | -19.51% | -32.65% | 81.84 | 0.74 | 23.75% | -78.12% |
SCKT | 13.9M | 22.2M | -8.44% | -46.85% | 24.66 | 0.63 | 2.03% | -88.84% |
Financials for Western Digital
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -9.9% | 15,752 | 17,478 | 18,793 | 19,185 | 18,941 |
| Gross Profit | -20.3% | 4,135 | 5,190 | 5,874 | 5,995 | 5,905 |
| Operating Expenses | -0.2% | 3,412 | 3,419 | 3,483 | 3,491 | 3,408 |
| S&GA Expenses | -2.7% | 1,044 | 1,073 | 1,117 | 1,148 | 1,154 |
| EBITDA | -39.4% | 1,632 | 2,694 | 3,356 | 3,476 | - |
| EBITDA Margin | -32.8% | 0.10* | 0.15* | 0.18* | 0.18* | - |
| Earnings Before Taxes | -68.6% | 472 | 1,503 | 2,123 | 2,208 | 2,195 |
| EBT Margin | -65.2% | 0.03* | 0.09* | 0.11* | 0.12* | - |
| Interest Expenses | -1.0% | 293 | 296 | 304 | 309 | 315 |
| Net Income | -110.1% | -93.00 | 917 | 1,500 | 1,821 | 1,993 |
| Net Income Margin | -111.3% | -0.01* | 0.05* | 0.08* | 0.09* | - |
| Free Cahsflow | -347.0% | -415 | 168 | 758 | 1,411 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -2.5% | 25,047 | 25,686 | 26,259 | 25,699 | 26,025 |
| Current Assets | -7.6% | 8,381 | 9,071 | 9,453 | 9,178 | 9,535 |
| Cash Equivalents | -8.7% | 1,871 | 2,049 | 2,327 | 2,505 | 2,531 |
| Inventory | -2.3% | 3,773 | 3,862 | 3,638 | 3,661 | 3,647 |
| Net PPE | -0.8% | 3,688 | 3,718 | 3,670 | 3,488 | 3,367 |
| Goodwill | 0.0% | 10,041 | 10,037 | 10,041 | 10,061 | 10,065 |
| Liabilities | -4.8% | 12,932 | 13,579 | 14,038 | 13,715 | 14,007 |
| Current Liabilities | -11.8% | 4,382 | 4,966 | 5,237 | 4,397 | 4,929 |
| Long Term Debt | -2.0% | 7,022 | 7,162 | 7,308 | - | - |
| LT Debt, Current | Infinity% | 38.00 | - | 75.00 | 251 | - |
| LT Debt, Non Current | -0.5% | 7,033 | 7,071 | 7,022 | 7,087 | 7,057 |
| Shareholder's Equity | 0.1% | 12,115 | 12,107 | 12,221 | 11,984 | 12,018 |
| Retained Earnings | -4.9% | 8,711 | 9,157 | 9,039 | 8,738 | 8,713 |
| Additional Paid-In Capital | 3.5% | 3,770 | 3,641 | 3,733 | 3,600 | 3,519 |
| Accumulated Depreciation | 0.6% | 8,476 | 8,425 | 8,300 | 8,219 | 8,068 |
| Shares Outstanding | 0.3% | 319 | 318 | 315 | 313 | 312 |
| Float | - | 17,000 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -46.2% | 734 | 1,365 | 1,880 | 2,579 | 2,297 |
| Share Based Compensation | -0.3% | 335 | 336 | 326 | 328 | 325 |
| Cashflow From Investing | -0.1% | -1,105 | -1,104 | -1,192 | -1,025 | -898 |
| Cashflow From Financing | 81.5% | -274 | -1,479 | -1,718 | -1,778 | -1,823 |
| Dividend Payments | - | 0.00 | - | - | - | - |
Risks for WDC
What is the probability of a big loss on WDC?
98.1%
Probability that Western Digital stock will be more than 20% underwater in next one year
86.2%
Probability that Western Digital stock will be more than 30% underwater in next one year.
55%
Probability that Western Digital stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WDC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Western Digital was unfortunately bought at previous high price.
Drawdowns
Returns for WDC
Cumulative Returns on WDC
-1.7%
10-Year Cumulative Returns
-2.1%
7-Year Cumulative Returns
-18.8%
5-Year Cumulative Returns
-5.9%
3-Year Cumulative Returns
What are the long-term rolling returns for WDC?
FIve years rolling returns for Western Digital.
Annualized Returns
Which funds bought or sold WDC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 17.65 | 33,880 | 284,880 | 0.01% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 23,968 | 23,968 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 516 | 119,896,000 | 143,970,000 | 0.16% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -2.26 | -10,000 | 173,000 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | sold off | -100 | -25,000 | - | -% |
2023-03-03 | ROBOTTI ROBERT | reduced | -0.55 | -166,675 | 4,441,320 | 0.88% |
2023-02-28 | Voya Investment Management LLC | added | 4.42 | 43,158 | 3,556,160 | -% |
2023-02-24 | NATIXIS | reduced | -68.3 | -42,681,700 | 18,677,300 | 0.10% |
2023-02-24 | National Pension Service | reduced | -59.32 | -13,892,200 | 9,217,240 | 0.02% |
2023-02-24 | SRS Capital Advisors, Inc. | new | - | 126 | 126 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Western Digital News
Schedule 13G FIlings of Western Digital
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 6.5% | 20,663,972 | SC 13G | |
| Feb 10, 2023 | blackrock inc. | 8.2% | 26,002,691 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.76% | 37,341,622 | SC 13G/A | |
| Mar 11, 2022 | blackrock inc. | 8.3% | 25,826,324 | SC 13G/A | |
| Feb 08, 2022 | blackrock inc. | 8.3% | 25,826,324 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 10.63% | 32,329,856 | SC 13G/A | |
| Feb 05, 2021 | blackrock inc. | 7.5% | 22,903,786 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 11.90% | 35,413,208 | SC 13G/A | |
| Feb 10, 2020 | blackrock inc. | 8.7% | 25,733,171 | SC 13G/A |
WDC Fair Value
Western Digital fair value in different scenarios
The table shows the Fair Value estimates for Western Digital for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 26.31 -25.55% | 35.26 -0.23% | 44.39 25.61% | 66.96 89.47% | 83.49 136.25% |
| Current Inflation | 25.61 -27.53% | 33.86 -4.19% | 42.27 19.61% | 61.26 73.34% | 75.57 113.84% |
| Very High Inflation | 24.69 -30.14% | 32.04 -9.34% | 39.54 11.88% | 54.38 53.88% | 66.13 87.13% |
Historical Western Digital Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Western Digital
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 22, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G | Major Ownership Report | |
| Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for WDC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-08 | Goeckeler David | acquired | - | - | 5,109 | chief executive officer |
2023-03-08 | Goeckeler David | sold (taxes) | -8,107,040 | 37.9 | -213,906 | chief executive officer |
2023-02-27 | Goeckeler David | sold (taxes) | -78,868 | 38.51 | -2,048 | chief executive officer |
2023-02-27 | Sivaram Srinivasan | sold (taxes) | -27,188 | 38.51 | -706 | president, tech & strategy |
2023-02-27 | Zamiska Gene M. | sold (taxes) | -7,547 | 38.51 | -196 | svp & princ. acctg officer |
2023-02-27 | SODERBERY ROBERT | sold (taxes) | -26,417 | 38.51 | -686 | evp & gm, flash business |
2023-02-27 | RAY MICHAEL CHARLES | sold (taxes) | -16,944 | 38.51 | -440 | evp, chief legal officer & sec |
2023-02-20 | JABRE WISSAM G | sold (taxes) | -418,045 | 41.58 | -10,054 | evp & cfo |
2023-01-31 | Rayman Reed B | acquired | - | - | 5,198 | - |
2022-11-27 | Zamiska Gene M. | sold (taxes) | -6,198 | 37.34 | -166 | svp & princ. acctg officer |
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
WDC Income Statement
2022-09-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Sep. 30, 2022 | Oct. 01, 2021 | |
| Income Statement [Abstract] | ||
| Revenue, net | $ 3,736 | $ 5,051 |
| Cost of revenue | 2,755 | 3,386 |
| Gross profit | 981 | 1,665 |
| Operating expenses: | ||
| Research and development | 552 | 578 |
| Selling, general and administrative | 247 | 291 |
| Employee termination, asset impairment, and other charges | 24 | 18 |
| Total operating expenses | 823 | 887 |
| Operating income | 158 | 778 |
| Interest and other income (expense): | ||
| Interest income | 2 | 2 |
| Interest expense | (70) | (78) |
| Other income (expense), net | (6) | 2 |
| Total interest and other expense, net | (74) | (74) |
| Income before taxes | 84 | 704 |
| Income tax expense | 57 | 94 |
| Net income | $ 27 | $ 610 |
| Income per common share: | ||
| Basic (in dollars per share) | $ 0.09 | $ 1.97 |
| Diluted (in dollars per share) | $ 0.08 | $ 1.93 |
| Weighted average shares outstanding: | ||
| Basic (in shares) | 316 | 310 |
| Diluted (in shares) | 319 | 316 |
WDC Balance Sheet
2022-09-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Sep. 30, 2022 | Jul. 01, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,049 | $ 2,327 |
| Accounts receivable, net | 2,422 | 2,804 |
| Inventories | 3,862 | 3,638 |
| Other current assets | 738 | 684 |
| Total current assets | 9,071 | 9,453 |
| Non-current assets: | ||
| Property, plant and equipment, net | 3,718 | 3,670 |
| Notes receivable and investments in Flash Ventures | 1,219 | 1,396 |
| Goodwill | 10,037 | 10,041 |
| Other intangible assets, net | 174 | 213 |
| Other non-current assets | 1,467 | 1,486 |
| Total assets | 25,686 | 26,259 |
| Current liabilities: | ||
| Accounts payable | 1,686 | 1,902 |
| Accounts payable to related parties | 295 | 320 |
| Accrued expenses | 1,592 | 1,636 |
| Income taxes payable | 986 | 869 |
| Accrued compensation | 407 | 510 |
| Total current liabilities | 4,966 | 5,237 |
| Non-current liabilities: | ||
| Long-term debt | 7,071 | 7,022 |
| Other liabilities | 1,542 | 1,779 |
| Total liabilities | 13,579 | 14,038 |
| Commitments and contingencies (Notes 10, 11, 13 and 16) | ||
| Shareholders’ equity: | ||
| Common stock, $0.01 par value; authorized — 450 shares; issued — 318 shares and 315 shares, respectively; outstanding — 318 shares and 315 shares, respectively | 3 | 3 |
| Additional paid-in capital | 3,641 | 3,733 |
| Accumulated other comprehensive loss | (694) | (554) |
| Retained earnings | 9,157 | 9,039 |
| Total shareholders’ equity | 12,107 | 12,221 |
| Total liabilities and shareholders’ equity | $ 25,686 | $ 26,259 |