$WDC (Western Digital Corporation)

$WDC {{ '2016-08-18T12:21:46+0000' | timeago}} • Announcement

$WDC said it priced $3Bil of new U.S. dollar-denominated term B loans at interest rate of LIBOR 3.75%, which priced 175 basis points lower than its prior term B loans issued in connection with purchase of SanDisk. $WDC settled previous U.S. dollar-denominated term B loans with proceeds of this new loan and a voluntary cash prepayment of $750MM.

$WDC {{ '2017-10-27T17:34:17+0000' | timeago}} • Webcast

Looking ahead into FY18, $WDC is comfortable with the placement of its bit output in the various market segments. The company believes there is sufficient demand to consume its bit output. Relative to the mix and penetration of SSD, $WDC believes it is slightly slow based upon NAND constraints at an industry basis.

$WDC {{ '2017-10-27T17:33:57+0000' | timeago}} • Webcast

During 1Q18, $WDC’s Client Devices segment revenue grew nicely from 1Q17, driven by increased demand for embedded flash products and client SSDs. Client Solutions revenue grew strongly from the prior year, driven by the diversity of the portfolio of HDD and flash-based products. Data Center Devices and Solutions revenue remained flat vs. 1Q17.

$WDC {{ '2017-10-27T17:33:43+0000' | timeago}} • Webcast

$WDC maintains that the proposed sale of Toshiba’s flash memory business unit to a consortium led by Bain Capital cannot be permitted without $WDC’s consent. The company expects a ruling by the arbitration panel in the first part of 2018 in advance of Toshiba’s announced timeframe to close the proposed transaction.

$WDC {{ '2017-10-27T14:05:09+0000' | timeago}} • Infographic

$WDC Western Digital Corporation Earnings AlphaGraphic: Q1 2018 Highlights

$WDC {{ '2017-10-27T13:28:51+0000' | timeago}} • Announcement

For 2Q18, $WDC expects revenues to be $5.2-5.3Bil and adjusted diluted EPS to be $3.60-3.70. Gross margin is expected to be slightly higher than 1Q18. For FY18, $WDC expects revenue to come in at the high-end of its long-term model of 4-8% revenue growth from FY17.

$WDC {{ '2017-10-27T13:28:35+0000' | timeago}} • Announcement

$WDC reported a net income of $681MM or $2.23 per share for 1Q18 compared to a net loss of $366MM or $1.28 per share in 1Q17. The 1Q18 GAAP net income includes charges associated with acquisitions. Adjusted net income was $1.1Bil or $3.56 per share for 1Q18. Revenue grew to $5.2Bil from $4.7Bil last year.

$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.

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