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, datacenter 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
HQSan Jose, US
Founded1970
Size (employees)71,600 (est)
Websitewdc.com
Western Digital was founded in 1970 and is headquartered in San Jose, US
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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 an office in San Jose
San Jose, US (HQ)
5601 Great Oaks Pkwy
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Western Digital Financials and Metrics

Western Digital Revenue

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Western Digital's revenue was reported to be $20.65 b in FY, 2018
USD

Revenue (Q1, 2019)

5.0b

Gross profit (Q1, 2019)

1.7b

Gross profit margin (Q1, 2019), %

33.1%

Net income (Q1, 2019)

511.0m

EBIT (Q1, 2019)

686.0m

Market capitalization (14-Dec-2018)

11.2b

Closing stock price (14-Dec-2018)

38.8

Cash (28-Sep-2018)

4.6b

EV

17.7b
Western Digital's current market capitalization is $11.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

15.1b14.6b13.0b19.1b20.6b

Revenue growth, %

(4%)(11%)47%

Cost of goods sold

10.8b10.4b9.6b13.0b12.9b

Gross profit

4.4b4.2b3.4b6.1b7.7b
Quarterly
USDQ1, 2014Q2, 2014Q1, 2014Q3, 2014Q2, 2015Q1, 2015Q3, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

3.8b4.0b3.9b3.7b3.9b3.4b3.6b2.8b4.7b4.9b4.6b5.2b5.3b5.0b5.0b

Cost of goods sold

2.7b2.8b2.8b2.6b2.8b2.4b2.5b2.1b3.4b3.4b3.1b3.3b3.3b3.1b3.4b

Gross profit

1.1b1.1b1.1b1.1b1.1b955.0m1.0b753.0m1.3b1.5b1.5b1.9b2.0b1.9b1.7b

Gross profit Margin, %

29%29%29%29%29%28%29%27%28%31%33%37%38%38%33%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.8b5.0b8.2b6.4b5.0b

Accounts Receivable

2.0b1.5b1.5b1.9b2.2b

Inventories

1.2b1.4b2.1b2.3b2.9b

Current Assets

8.7b8.5b12.6b11.1b10.6b
Quarterly
USDQ1, 2014Q2, 2014Q1, 2014Q3, 2014Q2, 2015Q1, 2015Q3, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

4.9b4.7b5.2b4.6b4.9b5.1b4.8b5.9b4.1b4.9b5.7b6.9b6.3b5.0b4.6b

Accounts Receivable

1.8b2.0b1.9b1.8b1.9b1.6b1.7b1.3b2.0b2.0b1.9b2.1b2.1b2.0b2.2b

Inventories

1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.2b2.1b2.1b2.3b2.3b2.3b2.7b3.1b

Current Assets

8.3b8.3b9.0b8.3b8.7b8.7b8.4b8.7b9.1b9.6b10.3b11.8b11.1b10.2b10.6b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.6b1.5b242.0m397.0m675.0m

Depreciation and Amortization

1.2b1.1b1.2b2.1b2.1b

Inventories

(143.0m)306.0m(204.0m)(598.0m)

Accounts Payable

(32.0m)(148.0m)(299.0m)223.0m(15.0m)
Quarterly
USDQ1, 2014Q2, 2014Q1, 2014Q3, 2014Q2, 2015Q1, 2015Q3, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

495.0m430.0m423.0m375.0m438.0m283.0m384.0m74.0m(366.0m)(131.0m)117.0m681.0m(142.0m)(81.0m)511.0m

Depreciation and Amortization

508.0m1.0b1.6b533.0m1.1b1.6b480.0m

Inventories

1.3b1.3b1.3b1.3b1.2b28.0m52.0m(117.0m)44.0m65.0m(324.0m)(175.0m)

Accounts Payable

2.0b2.1b1.8b2.0b1.6b99.0m180.0m319.0m(146.0m)(276.0m)(41.0m)(77.0m)
USDY, 2018

EV/EBIT

25.8 x

EV/CFO

25.1 x

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.5 x
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Western Digital Operating Metrics

Western Digital's Units Shipped was reported to be 185 m in FY, 2016. Western Digital's Backlog was reported to be $50m in FY, 2017.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016FY, 2017

Units Shipped

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

Average Selling Price Per Unit

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

Backlog

$50 m$50 m

Patents Issued

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

Acquired CompanyDateDeal Size
Tegile SystemsAugust 29, 2017
UpthereAugust 28, 2017

Western Digital Revenue Breakdown

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Western Digital revenue breakdown by business segment: 21.3% from Client Solutions, 49.9% from Client Devices and 28.8% from Data Center Devices & Solutions

Western Digital revenue breakdown by geographic segment: 17.1% from Hong Kong, 17.2% from Europe, Middle East and Africa, 16.7% from Asia, 22.4% from China, 20.3% from United States and 6.4% from Other

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Western Digital Online and Social Media Presence

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Western Digital News and Updates

Western Digital Delivers New Innovations to Drive Open Standard Interfaces and RISC-V Processor Development

/ -- Company Announces Plans to Open Source New RISC-V SweRV Core to Accelerate Development of Purpose-Built Architectures from Core to Edge Western Digital Corp. (NASDAQ: WDC) announced at the RISC-V Summit, three new open-source innovations designed to support Western Digital's internal RISC-V d…

Western Digital stock gains after upgrade

Craig-Hallum analyst Christian Schwab upgraded Western Digital Corp. shares to buy from hold on Thursday, writing that while the exact timing of a NAND supply/demand recovery is hard to pinpoint, he expects that the environment will inevitably normalize. "We believe the time to buy cyclical stocks …

Western Digital Transforms Business Processes with Oracle Cloud

REDWOOD SHORES, Calif., Nov. 30, 2018 /PRNewswire/ -- Western Digital Corp selected Oracle Cloud to help modernize its business processes as part of its digital transformation journey. The company chose Oracle Enterprise Resource Planning (ERP) Cloud in May, 2016 to bring together the...

Western Digital CFO to step down

Western Digital Corp. said late Tuesday that Chief Financial Officer Mark Long has decided to step down to become a private-equity investor. The company has started a search for a successor, and to ensure a "smooth leadership transition" Long will remain an executive through June 1, 2019. Long will…

Western Digital stock falls after Susquehanna downgrade

Shares of Western Digital Corp. are down 5% in premarket trading Tuesday after Susquehanna analyst Mehdi Hosseini downgraded the stock to neutral from positive. He also lowered his price target to $44 from $120, writing that he's "lost confidence in Western Digital's ability to benefit from [solid-…

Western Digital Enters In-memory Computing Segment With Ultrastar Memory Drive

/ -- - First in its Portfolio, New Ultrastar DC ME200 Memory Extension Drive - Expands Servers with Memory Capacity for Real-Time Data Processing, Scaling Databases, Application Caching and Cloud Services Western Digital Corporation (NASDAQ: WDC), a data infrastructure leader, announced it is extend…
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Western Digital Company Life and Culture

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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 71,600 employees.

  • What is Western Digital revenue?

    Latest Western Digital annual revenue is $20.6 b.

  • What is Western Digital revenue per employee?

    Latest Western Digital revenue per employee is $288.4 k.

  • Who are Western Digital competitors?

    Competitors of Western Digital include Netgear, SanDisk and NetApp.

  • 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 an office in San Jose.

  • How many offices does Western Digital have?

    Western Digital has 1 office.