$WDC (Western Digital Corporation)

$WDC {{ '2015-12-07T15:31:54+0000' | timeago}} • SEC

$WDC's selling, general and administrative, or SG&A, expense for 1Q16 decreased by 13% from last year. This decrease was primarily result of additional week of operating expenses during 1Q15 and lower incentive compensation in 1Q16 as compared to last year. SG&A expense as a percentage of net revenue rose to 5.7% from 5.6%.

$WDC {{ '2017-07-27T20:59:23+0000' | timeago}} • Announcement

Data storage giant $WDC's revenue surged 38% to $4.84Bil, mainly helped by the SanDisk acquisition. The company reported net income of $280MM, or $0.93 per share during the quarter, compared to net loss of $366MM, or $1.40 per share during 4Q16. Excluding items, $WDC earned $2.93 per share.

$WDC {{ '2017-04-27T23:36:52+0000' | timeago}} • Webcast

$WDC said, as 2017 progresses, it anticipates the increased deployment of the 10-terabyte which the company feels comfortable with in terms of its current product capability as well as design win outlook across major consumers of this product. $WDC said it might also see the adoption of the 12-terabyte on a greater scale later in 2017.

$WDC {{ '2017-04-27T20:41:35+0000' | timeago}} • Announcement

$WDC said that it had three consecutive quarters of strong financial results since completing the SanDisk acquisition. The company also added that there was a good demand for all NAND based products and capacity enterprise and client hard drives in 1Q17.

$WDC {{ '2017-04-27T20:37:05+0000' | timeago}} • Announcement

$WDC, which recently relocated its headquarters from Irvine to San Jose, tripled its profit in 3Q17, aided by higher revenues. Net income surged to $248MM or $0.83 per share from $74MM or $0.32 per share in the prior year quarter. Revenue jumped 65% to $4.65Bil. Non-GAAP EPS rose 77% to $2.39.

$WDC {{ '2017-01-25T22:34:46+0000' | timeago}} • Announcement

CEO Steve Milligan said $WDC saw healthy demand for capacity enterprise hard drives, all NAND based products and hard drives in client applications. The company also achieved targeted cost and efficiency improvements and improved its liquidity position with continued strong cash flow performance, Milligan added.

$WDC {{ '2017-01-25T22:32:48+0000' | timeago}} • Announcement

Data storage giant $WDC reported a drop in 2Q17 earnings due to charges associated with its recent acquisitions. Net income fell to $235MM or $0.80 per share from $251MM or $1.07 per share last year. Revenue grew to $4.89Bil from $3.32Bil. Non-GAAP EPS increased to $2.30 from $1.72.

$WDC {{ '2016-12-07T12:29:29+0000' | timeago}} • Announcement

$WDC said it updated forecast for 2Q17 on continued strong acceptance from customers and favorable mix of its broad product portfolio, and solid execution in a favorable market environment. This includes contribution of incremental intellectual property revenue from new cross license agreement with Samsung Ltd.

$WDC {{ '2016-12-07T12:28:09+0000' | timeago}} • Announcement

$WDC now sees 2Q17 revenue of about $4.75Bil compared to its prior forecast of about flat with 1Q revenue of $4.7Bil. $WDC lifted non-GAAP EPS guidance to $2.10-2.15 from $1.85-1.95 and its non-GAAP gross margin growth forecast to about 36% from about 35%. $WDC still sees non-GAAP operating expenses of $805MM and net interest expense of $205MM.

$ZBRA {{ '2016-11-15T13:48:57+0000' | timeago}} • Announcement

$ZBRA appointed Olivier Leonetti as CFO, effective Nov. 16, 2016. Mr. Leonetti, who most recently served as CFO of $WDC, succeeds Michael Smiley, who is resigning from the company to pursue other opportunities. Mr. Smiley will work with Mr. Leonetti to support an orderly transition.

$WDC {{ '2016-11-11T11:11:13+0000' | timeago}} • Announcement

$WDC's BoD declared a cash dividend of $0.50 per share of common stock for 2Q17. The dividend will be paid on Jan. 17, 2017, to stockholders of record as of Dec. 30, 2016.

$WDC {{ '2016-10-26T22:50:47+0000' | timeago}} • Webcast

Commenting on its hard disk drive capacity, $WDC stated that it has less flexibility in terms of lead time and capacity in terms of heads and disks. The company added that its ability to meet the upside demand is limited in the HDD space.

$WDC {{ '2016-10-26T22:19:54+0000' | timeago}} • Webcast

For 2Q17, $WDC expects revenue to be approx. flat with 1Q17. Non-GAAP EPS is expected to be $1.85-1.95.

$WDC {{ '2016-10-26T22:13:45+0000' | timeago}} • Webcast

$WDC stated that it remains on track to achieve $800MM annually from HGST integration by the end of calendar 2017. The company expects to exit 2Q17 having achieved more than $175MM of cost of revenue synergies and approx. $300MM in OpEx synergies annually. $WDC expects to achieve synergies of approx. $130MM annually from Sandisk integration.

$WDC {{ '2016-10-26T21:50:53+0000' | timeago}} • Webcast

In its first full quarter as an integrated company following the SanDisk acquisition in May, $WDC reported that it exceeded the revised guidance in each category. $WDC added that integration of WD, HGST and Sandisk is proceeding well and synergy achievements are on track.

$WDC {{ '2016-10-26T21:00:38+0000' | timeago}} • Announcement

$WDC said demand for both hard drive and flash-based products was strong across all customer areas, on cloud and mobile applications, as well as strong PC market trends. $WDC is on track to achieve its synergy goals related to integrations and transition of legacy HGST, SanDisk and WD operations to 3D NAND continues to progress as planned.

$WDC {{ '2016-10-26T20:57:29+0000' | timeago}} • Announcement

Data storage giant $WDC slipped to a 1Q17 loss from a profit last year, due to SanDisk acquisition and debt extinguishment charges. Net loss was $366MM or $1.28 per share compared to a profit of $283MM or $1.21 per share last year. Revenue grew to $4.71Bil from $3.36Bil. Non-GAAP EPS decreased to $1.18 from $1.56.

$WDC {{ '2016-09-08T12:00:50+0000' | timeago}} • Announcement

$WDC said the joint venture company will also invest in development of new products and enhancements to $WDC's products to create innovative solutions that address evolving needs of big data market in China. Unis-WDC will maintain corporate headquarters and R&D operations in Nanjing and a sales and marketing office in Beijing.

$WDC {{ '2016-09-08T11:59:51+0000' | timeago}} • Announcement

$WDC and Unisplendour (Unis) under Unigroup celebrated the anticipated launch of their previously announced joint venture, which will be called Unis-WDC Storage. The new company is owned 51% by Unis and 49% by $WDC. Unis-WDC will market and sell $WDC's datacenter storage systems, including its HGST Active Archive system, in China.

$WDC {{ '2016-09-07T13:18:38+0000' | timeago}} • Announcement

$WDC revised its 1Q17 expectations to take into account its acquisition of $SNDK. The company now expects its 1Q17 revenue to be in the range of $4.45-$4.55Bil compared to its earlier forecast of $4.4-$4.5Bil. $WDC now expects 1Q17 EPS, on a non-GAAP basis to be in the range of $1.00-$1.05, compared with its earlier forecast range of $0.85-$0.90.

$WDC {{ '2016-08-26T11:37:27+0000' | timeago}} • Announcement

Storage technology company $WDC said its SanDisk InfiniFlash all-flash storage platform has been adopted by SoftBank, replacing its previous in-house traditional storage system. This has allowed SoftBank to integrate operations of complex systems, solve the problem of silos, and eliminate vendor-specific tasks.

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