OverviewSuggest Edit

Western Digital Corporation (WD) is a computer data storage company providing cost-effective solutions for the collection, management, protection and use of digital information. It offers performance hard disk drives (HDDs), capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs) and software solutions to enhance performance in various enterprise workload environments. The Company also provides system solutions, data storage platforms and systems, data center software and systems. It offers client solutions that consist of HDDs and SSDs embedded into external storage products; removable cards, USB flash drives, and wireless drive products. Additionally, the Company licenses its intellectual property.

TypePublic
Founded1970
HQSan Jose, US
Websitewesterndigital.com
Culture scoreC

Latest Updates

Employees (est.) (Jun 2019)61,800(-13%)
Job Openings408
Revenue (FY, 2019)$16.6 B(-19%)
Share Price (May 2020)$44.4 (+2%)

Key People/Management at Western Digital

Stephen Milligan

Stephen Milligan

CEO
Siva Sivaram

Siva Sivaram

Executive Vice President, Memory Technology
Martin Fink

Martin Fink

Executive Vice President and Chief Technology Officer
Jacqueline Demaria

Jacqueline Demaria

Executive Vice President and Chief Human Resources Officer
Michael Ray

Michael Ray

Executive Vice President, Chief Legal Officer and Secretary
Michael Cordano

Michael Cordano

President and Chief Operating Officer
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Western Digital Office Locations

Western Digital has offices in San Jose, Irvine, Milpitas, Newark and in 14 other locations
San Jose, US (HQ)
5601 Great Oaks Pkwy
Irvine, US
3355 Michelson Dr #100
Milpitas, US
951 Sandisk Dr
Newark, US
7999 Gateway Blvd #120
Redwood City, US
2215 Broadway
San Jose, US
5853 Rue Ferrari #5863
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Western Digital Financials and Metrics

Western Digital Revenue

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Western Digital's revenue was reported to be $16.57 b in FY, 2019 which is a 19.8% decrease from the previous period.
USD

Revenue (Q3, 2020)

4.2b

Gross profit (Q3, 2020)

1.0b

Gross profit margin (Q3, 2020), %

24.1%

Net income (Q3, 2020)

17.0m

EBIT (Q3, 2020)

153.0m

Market capitalization (29-May-2020)

13.3b

Closing stock price (29-May-2020)

44.4

Cash (3-Apr-2020)

2.9b

EV

20.0b
Western Digital's current market capitalization is $13.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

19.1b20.6b16.6b

Revenue growth, %

47%8%(20%)

Cost of goods sold

13.0b12.9b12.8b

Gross profit

6.1b7.7b3.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.2b5.3b5.0b5.0b4.2b3.7b4.0b4.2b4.2b

Cost of goods sold

3.3b3.3b3.1b3.4b3.2b3.1b3.3b3.3b3.2b

Gross profit

1.9b2.0b1.9b1.7b1.0b579.0m758.0m935.0m1.0b

Gross profit Margin, %

37%38%38%33%25%16%19%22%24%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

6.4b5.0b3.5b

Accounts Receivable

1.9b2.2b1.2b

Inventories

2.3b2.9b3.3b

Current Assets

11.1b10.6b8.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

6.9b6.3b5.0b4.6b4.0b3.7b3.2b3.1b2.9b

Accounts Receivable

2.1b2.1b2.0b2.2b1.7b1.2b1.4b1.8b2.0b

Inventories

2.3b2.3b2.7b3.1b3.4b3.4b3.3b3.1b3.1b

Current Assets

11.8b11.1b10.2b10.6b9.7b8.9b8.5b8.6b8.6b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

397.0m675.0m(754.0m)

Depreciation and Amortization

2.1b2.1b1.8b

Inventories

(204.0m)(598.0m)(339.0m)

Accounts Payable

223.0m(15.0m)(588.0m)
USDY, 2020

EV/EBIT

130.6 x

EV/CFO

30.6 x

Financial Leverage

2.8 x
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Western Digital Operating Metrics

Western Digital's Units Shipped was reported to be 54 m in Q3, 2018. Western Digital's Backlog was reported to be $50m in FY, 2017.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q3, 2018FY, 2018FY, 2019

Units Shipped

62.60 m63.10 m60.40 m249 m64.70 m61 m54.50 m229 m51.70 m49.70 m43.10 m185 m48 m44 m50 m48 m54 m

Average Selling Price Per Unit

$58 $60 $58 $58 $58 $60 $61 $60 $60 $61 $60 $61 $61 $62

Backlog

$50 m$50 m

Patents Issued

7 k7 k13.50 k14 k14 k14 k
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Western Digital Acquisitions / Subsidiaries

Company NameDateDeal Size
Tegile SystemsAugust 29, 2017
UpthereAugust 28, 2017
Stec'sSeptember 12, 2013
Amplidata
Amplidata N.V.
EasyStore Memory Limited
Fabrik
Fusion-io (Beijing) Info Tech Co.
Fusion-io GmbH
Fusion-io Holdings S.A.R.L.
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Western Digital Revenue Breakdown

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Western Digital revenue breakdown by business segment: 20.7% from Client Solutions, 48.9% from Client Devices and 30.4% from Data Center Devices & Solutions

Western Digital revenue breakdown by geographic segment: 18.8% from Hong Kong, 12.8% from Rest of Asia, 18.8% from Europe, Middle East and Africa, 23.3% from China, 21.7% from United States and 4.6% from Other

Western Digital Online and Social Media Presence

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Western Digital Company Culture

  • Overall Culture

    C

    63/100

  • CEO Rating

    C+

    68/100

  • Compensation

    C+

    63/100

  • Diversity

    C-

    61/100

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Western Digital News and Updates

More Pain For Western Digital Stock?

Western Digital stock is roughly unchanged over the past 3 years, with the stock price rising only marginally from $61 at the end of 2016 to about $62 at the end of 2019. Furthermore, dropping to $43 so far in 2020 due to the COVID-19 pandemic, the stock has registered a cumulative return of -30%...

Western Digital appoints Cisco exec David Goeckeler as its new CEO

Data storage firm Western Digital Corp. has appointed Cisco Systems Inc. executive David Goeckeler as its new chief executive officer. Goeckeler (pictured), who currently heads up Cisco’s $34 billion networking and security business, will begin his new job March 9, replacing the outgoing Steve Mill…

Micron, Western Digital, Seagate get upgrades at Baird

Baird analyst Tristan Gerra ended his bearish call on Micron Technology Inc. shares while turning bullish on Western Digital Corp. and Seagate Technology PLC in a series of upgrades Monday. "DRAM/NAND flash pricing positive outlooks remain unchanged despite current demand weakness in China, as su…

Western Digital stock climbs after results show 'earnings power on the rise'

Shares of Western Digital Corp. are up 4.7% in premarket trading Friday after the company issued an upbeat earnings forecast the prior afternoon. "There isn't much here to dislike - the tone of the call was one of the best we have heard all earnings season," wrote Cowen & Co. analyst Karl Acker…

Western Digital Extends Storage Leadership With BiCS5 3D NAND Technology

Western Digital Corp. (NASDAQ: WDC) today announced that that it has successfully developed its fifth-generation 3D NAND technology, BiCS5, continuing the company's leadership in delivering the industry's most advanced flash memory technologies. BiCS5, built on triple-level-cell (TLC) and quad-level…
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Western Digital Frequently Asked Questions

  • When was Western Digital founded?

    Western Digital was founded in 1970.

  • Who are Western Digital key executives?

    Western Digital's key executives are Stephen Milligan, Siva Sivaram and Martin Fink.

  • How many employees does Western Digital have?

    Western Digital has 61,800 employees.

  • What is Western Digital revenue?

    Latest Western Digital annual revenue is $16.6 b.

  • What is Western Digital revenue per employee?

    Latest Western Digital revenue per employee is $268.1 k.

  • Who are Western Digital competitors?

    Competitors of Western Digital include Smart Global Holdings, Seagate and Teradata.

  • Where is Western Digital headquarters?

    Western Digital headquarters is located at 5601 Great Oaks Pkwy, San Jose.

  • Where are Western Digital offices?

    Western Digital has offices in San Jose, Irvine, Milpitas, Newark and in 14 other locations.

  • How many offices does Western Digital have?

    Western Digital has 23 offices.