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Equity
Western Digital Corporation (WDC) perpetual futures
WDC perpetual futures on 22 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade WDCUSDT.
Western Digital designs and sells data storage products like HDDs, SSDs, and flash memory for consumer, enterprise, and data center use globally.
$290.17-6.3%NASDAQ open
Price chart
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TradingView symbol NASDAQ:WDC
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Trading data
Perpetual market activity
22/22 live markets
Trading data
Perpetual market activity
Venues
22
Live markets
22/22
24h volume
$65.7MCoverage: 20/22 marketsExchange-reported volume: $71.9M
Open interest
$24.7MCoverage: 19/22 markets
Best liquidity
$1.6M
BingX
Tightest spread
+0.3 bps
BloFin
Highest volume
$19M
Deepcoin
Settlement mix
USDT · 17/22
Perp/spot vol.
0.20x
Spot volume $331.5M
OI / float
+0.02%
Float $107.9B
Spot performance
1D-7.06%
5D+0.78%
1M-24.03%
6M-41.46%
YTD+67.89%
1Y+84.04%
Venue matrix
22 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | WDC/USDT | Trading | $289.96 | 0.0% APR 0.000% every 8h | +1.7 bps | - | $17.9M | $5.1M | USDT | - | |
 Gate.io | Trade | WDC/USDT | Trading | $290.00 | 0.0% APR 0.000% every 8h | +10.4 bps | $232.9K | $5.1M | $1.5M | USDT | 50x | |
 OKX | Trade | WDC/USDT | Trading | $290.06 | 0.0% APR 0.000% every 8h | +4.5 bps | $41.7K | $2.3M | $1.7M | USDT | 20x | |
 Bitget | Trade | WDC/USDT | Trading | $290.10 | 0.0% APR 0.000% every 8h | +0.7 bps | $1M | $2.1M | $1.1M | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:WDC | Trading | $289.58 | +5.5% APR +0.00063% every 1h | +14.5 bps | - | $1.7M | $1.5M | USDC | 10x | |
 Bybit | Trade | WDC/USDT | Trading | $290.05 | 0.0% APR 0.000% every 8h | +5.5 bps | $380.7K | $1.6M | $1.9M | USDT | 25x | |
 KuCoin | Trade | WDC/USDT | Trading | $289.96 | 0.0% APR 0.000% every 8h | +18.3 bps | $29.2K | $831.4K | $304.1K | USDT | 20x | |
 Bitunix | Trade | WDC/USDT | Trading | $290.12 | +1.7% APR +0.00152% every 8h | +4.5 bps | $289.2K | $338.1K | $24.4K | USDT | 20x | |
 GRVT | Trade | WDC/USDT | Trading | $290.26 | +2.8% APR +0.00260% every 8h | +5.2 bps | $205K | $190.4K | $58.1 | USDT | - | |
 MEXC | Trade | WDC/USDT | Trading | $289.97 | 0.0% APR 0.000% every 8h | +1.7 bps | $178.9K | $182.4K | $11.2M | USDT | 100x | |
 BloFin | Trade | WDC/USDT | Trading | $290.02 | -0.2% APR -0.00017% every 8h | +0.3 bps | - | $154.5K | $128.7K | USDT | 20x | |
 Deribit | Trade | WDC/USDC | Trading | $289.83 | +106.3% APR +0.097% every 8h | +19.3 bps | $249.8K | $62.8K | $640.5 | USDC | 10x | |
 Aster | Trade | WDCUSDT | Trading | $289.86 | 0.0% APR 0.000% every 8h | +9.7 bps | $14.8K | $27.3K | $18.5K | USDT | - | |
 HTX | Trade | WDC/USDT | Trading | $290.38 | +11.0% APR +0.010% every 8h | +38.2 bps | $830.3K | $14.2K | $15.9K | USDT | - | |
 Orderly Network | Trade | WDC/USDC | Trading | $289.67 | +11.0% APR +0.010% every 8h | - | no public depth feed | $7.6K | $5.4K | USDC | - | |
 Extended | Trade | WDC/USD | Trading | $289.78 | 0.0% APR 0.000% every 1h | +5.5 bps | - | $3.3K | $10.2K | USD | 10x | |
 Crypto.com Exchange | Trade | WDC/USD | Trading | $290.16 | +20.3% APR +0.00231% every 1h | +16.6 bps | $7.3K | $2.2K | $18.5K | USD | 50x | |
 Deepcoin | Trade | WDC/USDT | Trading | $289.95 | - | +3.1 bps | $36.9K | $19M | - | USDT | 25x | |
 XT.com | Trade | WDC/USDT | Trading | $290.02 | 0.0% APR 0.000% every 8h | +3.1 bps | $143.4K | $12.6M | - | USDT | 20x | |
 BingX | Trade | WDC-USDT | Trading | $290.17 | +5.5% APR +0.00500% every 8h | +3.8 bps | $1.6M | $1.7M | - | USDT | - | |
 LBank | Trade | WDC/USDT | Trading | $290.05 | 0.0% APR 0.000% every 8h | +3.1 bps | $827.8K | $5.2M⚠ | $13.3K | USDT | 50x | |
 Ourbit | Trade | WDC/USDT | Trading | $290.02 | 0.0% APR 0.000% every 8h | +2.1 bps | $1.6M | $926.5K⚠ | $164.5K | USDT | 100x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| WDCBbStocks | $288.47 | -0.59% | $2.3M | $2.0M | BNB Smart Chain (BEP20) |
| WDConOndo GM | $311.09 | +7.21% | $244k | $244k | Solana · Ethereum · BNB Smart Chain (BEP20) |
| WDCxxStocks | $289.30 | -0.30% | $56k | $649k | BNB Smart Chain (BEP20) · Ethereum · Solana · Arbitrum |
| WDCRobinhood | $291.19 | +0.33% | $6k | $107k | Robinhood Chain |
| rWDCTokenized | $305.38 | +5.24% | $4k | $243k | Arbitrum |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | WDC/USDG ↗ | $291.19 | $6k | $31k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 14 of 22 venues absorb $10k · Typical cost: +8.8 bps – +17.0 bps
Too thin: HTX, KuCoin, Aster, Crypto.com Exchange
No fresh book data: Binance, Hyperliquid HIP-3, Orderly Network, Extended
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
WDCTightest spread
WDCHighest volume
WDCFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-04
Revenue est. $5.13B · Updated 4h ago
Dividend
$0.18
2026-12-04
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid289.81
Ask290.2
Volume1,391,781
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202724.73$21.2B+64%13
FY 202840.43$30.2B+42%12
FY 202954.03$36.6B+21%5
FY 203069.22$43.2B+18%1
Q4 20263.84$4.1B+8%9
Q1 20274.41$4.4B+56%5
Source: FMP · Consensus
Company events
62027-02-04EarningsActual - / Estimate 5.88-
2026-12-04Dividend$0.175-
2026-10-22Earnings · After market closeActual 4.64 / Estimate 4.11Beat
2026-09-08Dividend$0.15-
2026-08-05EarningsActual 3.56 / Estimate 3.31Beat
2026-06-05Dividend$0.15-
Peer comparison
Similar listed perpsRevenue mix
Latest annualAmericasGeographic$5.2B
AsiaGeographic$4B
Europe Middle East And AfricaGeographic$2.1B
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $617.15 |
| 12-month target range (low – high) | $405 – $1,050 |
| Ratings in the provider's consensus | 61 |
Price targets as of 2026-11-12
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 5 | 17 | 5 | 0 | 0 |
| Oct 2026 | 5 | 17 | 5 | 0 | 0 |
| Sep 2026 | 4 | 17 | 5 | 0 | 0 |
| Aug 2026 | 4 | 18 | 5 | 0 | 1 |
| Jul 2026 | 4 | 18 | 3 | 0 | 1 |
| Jun 2026 | 4 | 18 | 3 | 1 | 1 |
| May 2026 | 4 | 17 | 4 | 0 | 1 |
| Apr 2026 | 4 | 17 | 5 | 0 | 1 |
| Mar 2026 | 4 | 17 | 6 | 0 | 0 |
| Feb 2026 | 4 | 17 | 6 | 0 | 0 |
| Jan 2026 | 5 | 17 | 6 | 0 | 1 |
| Dec 2025 | 5 | 17 | 5 | 0 | 0 |
Ownership
Institutional · 2026-Q3Free float99.4%371.9M shares
Shares outstanding374.3M shares
Institutional49.5%1,300 investors
Investor count change-667
Reference market activity
WDC-PERPDay range (Nov 13)$287.31$312
52 week$132.43$799.87
Spot volume1.1M
Average volume-
Price performance
111D-7.1%
5D+0.8%
1M-24.0%
3M-40.6%
6M-41.5%
YTD+67.9%
1Y+84.0%
3Y+747.2%
5Y+549.5%
10Y+543.6%
MAX+5,472.8%
Insider activity
FY2026 Q4Acquisitions1 transactions14 shares
Dispositions15 transactions6,131 shares
Purchases0Ratio 0.07
Sales13
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Director Cole Martin I sold 4,000 Western Digital common shares in 12 open-market transactions on 2026-10-29 at prices from $390.04 to $401.47, leaving 17,433 shares owned.
WDC officer Tregillis converted 14 dividend equivalent rights into 14 common shares, had 1,310 shares withheld for taxes at $364.32 and sold 807 shares at $380, leaving 108,928 shares owned.
Western Digital officer Cynthia L. Tregillis received 27 Dividend Equivalent Rights shares as a grant (A-Award) on 2026-09-17, raising her holdings to 298 shares. Reported on Form 4 filed 2026-09-21.
Western Digital CEO Irving Tan was granted 83 Dividend Equivalent Rights and exercised 57, converting them into 57 common shares; 1,091 shares were withheld for taxes at $441.36, leaving 265,613 shares owned.
Western Digital director Stephanie A. Streeter received an A-Award of 1 share of Dividend Equivalent Rights at $0.00 on 2026-09-17, leaving her with 3 shares owned. This is a grant, not a purchase.
WDC officer Shihab Ahmed Mohammed exercised 56 shares of Common Stock (M-Exempt) and 5,150 shares were withheld for taxes (F-InKind) at $423.87. He also received a 42-share dividend equivalent award (A-Award).
Filings
80 · Latest SEC filings2026-10-304Insider transaction report (Form 4)
Director Cole Martin I sold 4,000 Western Digital common shares in 12 open-market transactions on 2026-10-29 at prices from $390.04 to $401.47, leaving 17,433 shares owned.
2026-10-224Insider transaction report (Form 4)
WDC officer Tregillis converted 14 dividend equivalent rights into 14 common shares, had 1,310 shares withheld for taxes at $364.32 and sold 807 shares at $380, leaving 108,928 shares owned.
2026-09-214Insider transaction report (Form 4)
WDC officer Shihab Ahmed Mohammed exercised 56 shares of Common Stock (M-Exempt) and 5,150 shares were withheld for taxes (F-InKind) at $423.87. He also received a 42-share dividend equivalent award (A-Award).
2026-09-214Insider transaction report (Form 4)
Director Bruce E Kiddoo received 1 share of Western Digital dividend equivalent rights as a compensation award on 2026-09-17, leaving 3 shares owned. This was an award, not a purchase.
2026-09-214Insider transaction report (Form 4)
WDC director Das Manuvir received an A-Award of Dividend Equivalent Rights on 2026-09-17: 0 shares at $0.00, leaving 0 owned. This was a grant, not a purchase.
2026-09-214Insider transaction report (Form 4)
Western Digital CFO Kris Sennesael was granted 47 shares of Dividend Equivalent Rights on 2026-09-17 at $0.00 per share, bringing his reported holding to 491 shares.
2026-09-214Insider transaction report (Form 4)
Western Digital director Alexy Kimberly received an award of 1 Dividend Equivalent Right share on 2026-09-17, raising her reported holdings to 3 shares.
2026-09-214Insider transaction report (Form 4)
Western Digital officer Cynthia L. Tregillis received 27 Dividend Equivalent Rights shares as a grant (A-Award) on 2026-09-17, raising her holdings to 298 shares. Reported on Form 4 filed 2026-09-21.
2026-09-214Insider transaction report (Form 4)
Western Digital director Stephanie A. Streeter received an A-Award of 1 share of Dividend Equivalent Rights at $0.00 on 2026-09-17, leaving her with 3 shares owned. This is a grant, not a purchase.
2026-09-214Insider transaction report (Form 4)
Western Digital director Oulman Roxanne received 1 Dividend Equivalent Right share as an award on 2026-09-17, a grant rather than an open-market purchase. She held 3 shares afterward.
2026-09-214Insider transaction report (Form 4)
Director Matthew E. Massengill received a 10-share award of Dividend Equivalent Rights on 2026-09-17, an A-Award grant at $0.00, leaving 121 shares owned.
2026-09-214Insider transaction report (Form 4)
Western Digital CEO Irving Tan was granted 83 Dividend Equivalent Rights and exercised 57, converting them into 57 common shares; 1,091 shares were withheld for taxes at $441.36, leaving 265,613 shares owned.
2026-09-214Insider transaction report (Form 4)
Western Digital officer Gubbi Vidyadhara K received an A-Award of 21 dividend equivalent rights at $0.00 on 2026-09-17, leaving 215 owned. This is a grant, not a purchase.
2026-09-214Insider transaction report (Form 4)
Western Digital officer Brad Feller received a 4-share award of Dividend Equivalent Rights on 2026-09-17, an A-Award grant (compensation, not an open-market purchase). He held 17 shares after the transaction.
2026-09-214Insider transaction report (Form 4)
Western Digital director Doluca Tunc received an award of 1 share of Dividend Equivalent Rights on 2026-09-17, a grant/compensation transaction at $0.00, leaving 3 shares owned after.
2026-09-214Insider transaction report (Form 4)
WDC officer Brian Scott Davis exercised 8 dividend-equivalent rights into 8 common shares, had 963 common shares withheld for taxes at $441.36, and received a 17-unit dividend-equivalent award.
2026-09-214Insider transaction report (Form 4)
Director Cole Martin I received an award of 1 Dividend Equivalent Right at $0.00 on 2026-09-17, leaving 3 owned, per Form 4 filed 2026-09-21.
2026-09-084Insider transaction report (Form 4)
WDC officer Tregillis reported a Form 4: 7 dividend equivalent rights exercised into 7 common shares, 700 shares withheld for tax at $441.57, and an open-market sale of 432 shares at $451.20.
2026-09-084Insider transaction report (Form 4)
On Sep 3-4, the officer converted 14 RSUs into common stock (tax withholding of 1,764 shares at $441.57, sale of 1,795 at $459.87), resulting in 80,571 shares held.
2026-09-084Insider transaction report (Form 4)
On 2026-09-03, the reporting person exercised RSUs to acquire 7 common shares and 7 dividend equivalent rights, with 882 shares withheld to cover taxes.
2026-09-024Insider transaction report (Form 4)
Western Digital director and CEO Irving Tan reported two one-to-one transfers of 112,500 common shares each: an other-type transfer on Aug 31 and a gift on Sep 1, leaving him with 0 shares after the gift.
2026-09-024Insider transaction report (Form 4)
Director Stephanie A. Streeter sold a total of 5,600 common shares of Western Digital in three open-market transactions at prices ranging from $447.06 to $455.
2026-08-274Insider transaction report (Form 4)
WDC officer Brian Scott Davis reported a grant of 3,619 common shares (A-Award), 14 shares acquired via exempt option exercises (M) matched by 15 dividend equivalent rights disposed, and 2,615 shares withheld for tax (F) at $450.75-$468.88. He held 102,965 shares after.
2026-08-274Insider transaction report (Form 4)
Western Digital officer Brad Feller received an award of 2,068 common shares on 2026-08-25 (A-Award, grant/compensation, $0.00 price), bringing holdings to 12,043 shares. Form 4 filed 2026-08-27.
2026-08-274Insider transaction report (Form 4)
WDC officer Mohammed Shihab Ahmed reported an award of 6,722 common shares, the exercise of 15 options and 16 dividend equivalent rights, and 2,741 shares withheld for taxes at $468.88. He held 163,702 shares afterward.
2026-08-274Insider transaction report (Form 4)
Western Digital officer Tregillis Cynthia L received 3,878 shares as an award, had 16 shares from dividend-equivalent exercises, sold 1,483 shares at $450.78-$478.36, and surrendered 2,402 shares for tax withholding, leaving 111,382 shares owned.
2026-08-274Insider transaction report (Form 4)
Western Digital's CFO acquired 19 shares via option exercise, received 8,274 shares as an award, and had 4,317 shares withheld for taxes, netting 3,976 shares added.
2026-08-274Insider transaction report (Form 4)
WDC officer Gubbi Vidyadhara K reported a Form 4: an award of 5,171 common shares, exercises of 18 shares, and 19 dividend equivalent rights converted; 3,199 shares were disposed at $450.75-$468.88 for tax withholding.
2026-08-274Insider transaction report (Form 4)
On Aug 25-26, 2026, CEO Irving acquired 74 shares via option exercise and 16,548 via award, and disposed 3,790 shares for taxes, plus 74 dividend equivalent rights converted.
2026-08-244Insider transaction report (Form 4)
CEO Irving Tan converted 38 RSUs/dividend equivalents into common stock and disposed of 689 shares to cover taxes.
2026-08-244Insider transaction report (Form 4)
In SEC filings, WDC's Chief Legal Officer Cynthia Tregillis converted 14 common shares and 15 dividend equivalent rights into common stock, then sold 919 shares and had 1,488 shares withheld for taxes, from Aug 20-24, 2026.
2026-08-244Insider transaction report (Form 4)
WDC officer Brian Scott Davis exercised 9 shares of Common Stock and 10 Dividend Equivalent Rights (M-Exempt), then had 1,309 shares withheld for taxes (F-InKind) at $459.44-$469.05. He held 100,303 Common Stock shares after.
2026-08-244Insider transaction report (Form 4)
Insider Gubbi Vidyadhara K of Western Digital exercised 9 common shares, had 1,286 withheld for taxes, and converted 10 dividend equivalent rights.
2026-08-124Insider transaction report (Form 4)
CEO Irving Tan sold 20,000 shares of Western Digital common stock on Aug 11, 2026, in 7 open-market transactions at prices from $441.48 to $447.18.
2026-07-294Insider transaction report (Form 4)
Director Cole Martin I sold 192 shares of Western Digital common stock on 2026-07-28 in two open-market sales at prices between $462.30 and $465.12, leaving 21,433 shares owned afterward.
2026-07-294Insider transaction report (Form 4)
Director Cole Martin I reported 30 open-market sales of Western Digital common stock on 2026-07-28, totaling 3,808 shares at prices from $424.045 to $461.2349. He held 24,447 shares after the sales shown.
2026-07-214Insider transaction report (Form 4)
Cynthia Tregillis converted 13 dividend equivalent rights into 13 common shares, had 1,309 shares withheld for taxes at $487.42, and sold 808 shares at $529.63.
2026-06-224Insider transaction report (Form 4)
Director Tunc Doluca was awarded Dividend Equivalent Rights on 2026-06-17, with no new shares issued, bringing his total holding to 2 shares.
2026-06-224Insider transaction report (Form 4)
Director Cole Martin I was granted Dividend Equivalent Rights on 6/17/2026, with no new shares issued in this transaction; total holding stands at 3 units.
2026-06-224Insider transaction report (Form 4)
Brian Scott Davis exercised 8 dividend equivalent rights for 7 common shares, had 961 shares withheld for taxes at $746.23, and received a new grant of 12 dividend equivalent rights.
2026-06-224Insider transaction report (Form 4)
Bruce E. Kiddoo, a director at Western Digital, was awarded dividend equivalent rights on 2026-06-17, with no shares involved, bringing his total to 2 units owned.
2026-06-224Insider transaction report (Form 4)
Cynthia Tregillis (Chief Legal Officer & Corp Sec) received a grant of 19 Dividend Equivalent Rights on 2026-06-17, a form of compensation, not a purchase. She now owns 323 shares directly.
2026-06-224Insider transaction report (Form 4)
Western Digital's Chief of Global Operations Gubbi Vidyadhara K received a grant of 14 Dividend Equivalent Rights shares on 2026-06-17, bringing his total holdings to 237 shares. This was a compensation award, not an open-market purchase.
2026-06-224Insider transaction report (Form 4)
Western Digital director Roxanne Oulman was awarded Dividend Equivalent Rights on 2026-06-17, adding 0 shares (rounded) and bringing her total holding to 2 shares.
2026-06-224Insider transaction report (Form 4)
Brad Feller (SVP & Chief Accounting Officer) received a grant of 2 Dividend Equivalent Rights on 2026-06-17, bringing his total holdings to 13 shares. This was a compensation award, not an open-market purchase.
2026-06-224Insider transaction report (Form 4)
Western Digital director Kimberly Alexy was awarded Dividend Equivalent Rights on 2026-06-17, with no shares involved, leaving 2 units owned afterward.
2026-06-224Insider transaction report (Form 4)
Manuvir Das, a director at Western Digital, was granted Dividend Equivalent Rights on 2026-06-17, with 0 shares involved and 0 shares owned afterward.
2026-06-224Insider transaction report (Form 4)
Director Stephanie Streeter received an award of Dividend Equivalent Rights on 6/17/2026 involving 0 shares, bringing her total holding to 2 shares.
2026-06-224Insider transaction report (Form 4)
Shihab Ahmed Mohammed converted 52 dividend equivalent rights into 51 common shares via option exercise, then had 5,149 shares withheld for taxes at $712.13. Separately, 28 dividend equivalent rights were awarded as compensation.
2026-06-224Insider transaction report (Form 4)
Western Digital CFO Kris Sennesael received a grant of 28 Dividend Equivalent Rights on 2026-06-17, a form of compensation, bringing his post-transaction holding to 464 shares.
2026-06-224Insider transaction report (Form 4)
Director Matthew E. Massengill was awarded 6 Dividend Equivalent Rights shares on 2026-06-17, bringing his total holdings to 111 shares. This was a compensation grant, not an open-market purchase.
2026-06-224Insider transaction report (Form 4)
CEO Irving Tan converted 52 dividend equivalent rights into 52 common shares, had 1,090 shares withheld for taxes at $746.23, and was awarded 57 new dividend equivalent rights as compensation.
2026-06-114Insider transaction report (Form 4)
Director Cole Martin I sold 720 shares of Western Digital common stock across 14 transactions on 2026-06-09, at prices ranging from $528.07 to $544.95, leaving 25,545 shares owned after the last sale.
2026-06-114Insider transaction report (Form 4)
Director Cole Martin I sold 3,008 WDC common shares in 22 open-market transactions on 2026-06-09 at prices from $497.47 to $527.22, leaving 27,601 shares owned after the reported sales.
2026-06-054Insider transaction report (Form 4)
Gubbi Vidyadhara K converted 13 dividend equivalent rights into 13 common shares, then had 1,764 shares withheld for taxes at $594.11, leaving 83,403 shares owned.
2026-06-054Insider transaction report (Form 4)
Cynthia Tregillis converted 7 dividend equivalent rights into 6 common shares, had 699 shares withheld for taxes at $594.11, and sold 432 shares at $545.60. She now owns 116,643 common shares and 304 dividend equivalent rights.
2026-06-054Insider transaction report (Form 4)
Brian Scott Davis exercised 7 dividend equivalent rights for 6 common shares, then had 881 shares withheld to cover taxes at $594.11 per share, now owning 102,557 shares.
2026-06-024Insider transaction report (Form 4)
Gubbi Vidyadhara K, Chief of Global Operations, sold 2,475 shares of Western Digital common stock at $556.24 per share, leaving 85,154 shares owned afterward.
2026-05-294Insider transaction report (Form 4)
Bruce E. Kiddoo, director of Western Digital, sold 750 shares of common stock at $528.52 per share, leaving 3,903 shares owned afterward.
2026-05-283Initial insider ownership statement (Form 3)
Director Manuvir Das filed an initial Form 3 for Western Digital, reporting 0 shares of common stock owned as of 2026-05-26.
2026-05-284Insider transaction report (Form 4)
Manuvir Das, a director of Western Digital, was awarded 772 shares of common stock on 2026-05-26 as compensation, bringing his total holdings to 772 shares.
2026-05-274Insider transaction report (Form 4)
Tregillis converted 7 dividend equivalent rights into 7 common shares, sold 522 shares at $488.61-$539.63, and had 771 shares withheld for taxes at $484.28.
Transcripts
Earnings callsFY2026 Q42026-08-05
Earnings calls
AI summary
positiveWestern Digital reported strong Q4 FY2026 results with revenue of $3.75 billion, up 44% year-over-year, and EPS of $3.56, up 109%. Gross margin expanded to 54.4%. For Q1 FY2027, the company expects revenue of $4.1 billion plus or minus $100 million, gross margin of 55-56%, and EPS of $4.00. Management highlighted accelerating demand from AI inference, Agentic AI, and physical AI, driving durable storage growth. They are ramping 40TB ePMR drives and on track for 44TB HAMR in first half of calendar 2027, with strong visibility through LTAs extending to 2031.
Key takeaways
- Strong Q4 FY2026 results: revenue up 44% YoY to $3.75B, EPS up 109% to $3.56, gross margin 54.4% (up 1,310 bps YoY).
- Demand driven by AI inference, Agentic AI, and physical AI, creating durable storage demand as data compounds.
- 40TB ePMR drives are shipping, with 50% of nearline bits expected on that platform by Q3 FY2027; 44TB HAMR on track for first half of calendar 2027.
- LTA negotiations extend to calendar 2029-2031, with strong customer demand for long-term agreements.
- Fiscal 2026 was a record year: revenue $12.9B (up 36%), EPS $10.22 (more than doubled), and free cash flow $3.5B.
Financial highlights
- Q4 FY2026 revenue: $3.75B, up 44% YoY and above guidance.
- Q4 FY2026 EPS: $3.56, up 109% YoY.
- Fiscal 2026 revenue: $12.9B, up 36% YoY; EPS $10.22, up >100%.
- Free cash flow Q4: $1.3B, margin 34%; full year $3.5B, margin 27%.
Guidance
- Q1 FY2027 revenue expected at $4.1B, plus/minus $100M (up 45% YoY at midpoint).
- Q1 FY2027 gross margin expected in range of 55% to 56%.
- Q1 FY2027 operating expenses expected $390M to $400M.
- Q1 FY2027 EPS expected at $4.00, plus/minus $0.15, based on 388M diluted shares.
Q&A themes
- Gross margin comparison with competitor; expectations for future margin expansion driven by new products and pricing.
- Exabyte growth deceleration in Q4; expected acceleration later in FY2027 with higher capacity ramps.
- Pricing dynamics and LTA negotiations extending to 2029-2031.
- Demand from neoclouds, sovereigns, and physical AI companies, including autonomous vehicles.
Risks
- Quarter-to-quarter fluctuations in exabyte growth and gross margins due to product mix and pricing timing.
- Potential slower cost per terabyte reduction if technology ramps encounter delays.
- Pricing leverage in nearline may be limited by LTA structures, with more flexibility in non-nearline segments.
FY2026 Q32026-04-30
Earnings calls
AI summary
positiveWD achieved exceptional execution in Q3 with revenue, gross margin, and EPS all exceeding guidance, reflecting strong demand across cloud (89% of revenue), consumer, and client segments, plus an improved pricing environment. The company is well-positioned for long-term growth, projecting data storage demand to grow beyond 25% CAGR driven by agentic AI, inference workloads, and physical AI applications. With strengthened balance sheet, upgraded credit ratings, and LTA visibility extending into 2028-2029, WD is guiding Q4 FY2026 revenue of $3.65B and EPS of $3.25.
Key takeaways
- Cloud revenue reached $3.0B (up 48% YoY), representing 89% of total revenue with strong demand for higher-capacity nearline products
- Delivered 222 exabytes (up 34% YoY) including 118 exabytes of latest-generation 32TB ePMR drives, demonstrating rapid technology ramp capability
- Gross margin expanded 1,040 bps YoY and 440 bps sequentially to 50.5%, driven by higher-capacity mix, UltraSMR adoption, and pricing gains
- Monetized 5.8M SanDisk shares reducing debt by $3.1B; achieved net positive cash position of $450M with only $1.6B convertible debt outstanding
- Three largest customers now adopting UltraSMR technology, with plan to have all major customers qualified by end of calendar 2027
Financial highlights
- Q3 FY2026 revenue: $3.3B (+45% YoY); gross margin: 50.5% (+1,040 bps YoY)
- Diluted EPS: $2.72 (+97% YoY); operating margin: 38.6% (+1,260 bps YoY)
- Operating cash flow: $1.1B; free cash flow: $978M with 29% free cash flow margin
- Q4 FY2026 guidance: revenue $3.65B (+40% YoY midpoint), gross margin 51-52%, EPS $3.25
Guidance
- Q4 FY2026 revenue guidance of $3.65B ± $100M (40% YoY growth at midpoint)
- Q4 gross margin expected 51% to 52%; operating expenses $385M to $395M; tax rate 16%
- Q4 diluted EPS guidance of $3.25 ± $0.15 based on 385M share count
- Dividend increased 20% to $0.15 per share, payable June 17, 2026
Q&A themes
- Agentic AI drives incremental HDD demand through data generation from inference, continuous workflow execution, and agent actions requiring persistent storage
- Pricing up 9% YoY reflects customer value creation through better TCO; company expects high single-digit pricing going forward with predictable pricing philosophy
- Cost per exabyte declined 10% YoY; further declines expected from next-gen ePMR (40TB), HAMR ramp (2027), and UltraSMR adoption without proportional cost increase
- UltraSMR expands addressable market into Tier 2 CSPs and Asia region hyperscalers; expected to represent ~60% of exabyte shipments by end of FY2027
Risks
- HAMR transition still undergoing qualification with 4 customers; yield, reliability, and quality work remaining before mainstream ramp in 2027
- Long-term agreements include pricing adjustment periods tied to new capacity introductions, creating some pricing variability beyond base volumes
- Remaining 1.7M SanDisk shares to be monetized in equity-for-equity transaction before end of 2026; execution risk on timing and pricing
FY2026 Q22026-01-29
Earnings calls
AI summary
positiveWestern Digital delivered Q2 FY2026 revenue of $3B, up 25% YoY, with EPS of $2.13 exceeding guidance. The company shipped 215 exabytes (up 22% YoY) with cloud representing 89% of revenue. Gross margin expanded to 46.1%, up 770 basis points YoY, reflecting pricing stability, higher-capacity drive mix, and cost discipline.
Key takeaways
- Cloud segment revenue reached $2.7B (89% of total), up 28% YoY, driven by hyperscale customer demand for AI workloads
- Shipped over 3.5 million ePMR drives with capacities up to 32TB; UltraSMR mix exceeded 50% of nearline portfolio
- Secured firm purchase orders with top 7 customers through calendar 2026 and long-term agreements (LTAs) with three customers through 2027-2028
- HAMR qualification begun in early calendar 2026 with first customer; next-generation ePMR qualification also underway
- Incremental gross margin approximately 75% with stable pricing (up 2-3% on ASP per terabyte YoY) and 10% cost-per-terabyte declines YoY
Financial highlights
- Q2 FY2026 revenue: $3.0B, +25% YoY; Q3 FY2026 guidance: $3.2B ± $100M (~40% YoY growth)
- Q2 gross margin: 46.1% (+770 bps YoY, +220 bps QoQ); Q3 guidance: 47-48%
- Q2 EPS: $2.13 (+78% YoY); Q3 guidance: $2.30 ± $0.15
- Free cash flow: $653M (21.6% margin); returned $1.4B to shareholders since Q4 FY2025 via $615M repurchases and dividends
Guidance
- Q3 FY2026 revenue guidance: $3.2B ± $100M (midpoint ~40% YoY growth)
- Q3 gross margin: 47-48%
- Q3 operating expenses: $380-390M; tax rate ~16%; interest/other expenses ~$50M
- Expects to deliver close to 4 million drives in current quarter vs. 3.5 million in Q2
Q&A themes
- HAMR and ePMR qualification accelerated: started HAMR qualification with first customer in January 2026, second customer qualification beginning soon; expect neutral to accretive gross margins upon HAMR ramp at scale
- Customer consolidation and contract visibility: deepened relationships with hyperscale customers through dedicated teams; pricing reflects value delivery and customer TCO benefits, particularly for AI inference workloads
- UltraSMR adoption driving margin accretion: over 50% mix achieved in Q2, with top 3 customers fully adopted and 2-3 more in adoption process; UltraSMR is software-based and margin-accretive
- Laser IP acquisition supports HAMR manufacturability: acquired laser IP and talent to develop internal capabilities; new technology reduces footprint, improves reliability, and reduces energy requirements
Risks
- Customer concentration risk: top 7 customers represent firm POs through 2026; revenue highly dependent on hyperscale cloud customer demand
- HAMR qualification timeline execution risk: though pulled forward to H1 2026, must successfully qualify with multiple customers and achieve production scale; execution could impact planned 2027 ramp
- Market cyclicality and demand sustainability: inference adoption and AI workload growth assumptions underpin outlook; potential slowdown in customer capex or shift in storage architecture could impact volume/pricing
FY2026 Q12025-10-30
Earnings calls
AI summary
positiveWestern Digital reported Q1 FY2026 revenue of $2.8B (up 27% YoY) with 43.9% gross margin and $1.78 EPS, driven by 204 exabytes delivered primarily to cloud customers (89% of revenue). The company shipped 2.2M units of its latest ePMR drives with up to 26TB CMR and 32TB UltraSMR capacity and is accelerating HAMR qualification to H1 2026. Long-term purchase commitments from major hyperscale customers extending into 2027 underscore strong demand visibility.
Key takeaways
- Cloud revenue represented 89% of total revenue at $2.5B, up 31% YoY; delivered 204 exabytes up 23% YoY
- Shipped 2.2M ePMR units in Q1 (~70 exabytes) with 50-50 UltraSMR/CMR mix; expect shipments exceeding 3M units in Q2
- Pulled forward HAMR qualification timeline; starting with one hyperscale customer in H1 2026, expanding to up to 3 customers through calendar 2026, targeting volume production ramp in H1 2027
- Five major hyperscale customers provided purchase orders covering all of calendar 2026; one largest customer signed agreement for all of calendar 2027
- Increased quarterly dividend 25% to $0.125 per share and significantly increased share repurchases to $553M in Q1
Financial highlights
- Q1 FY2026 revenue: $2.8B, up 27% YoY; beat guidance midpoint
- Non-GAAP gross margin: 43.9%, up 660 bps YoY and 260 bps sequentially; incremental sequential margin ~75%
- Non-GAAP EPS: $1.78, above high end of guidance
- Free cash flow: $599M despite $331M final repatriation tax payment; operating cash flow of $672M with $73M capex
Guidance
- Q2 FY2026 revenue expected: $2.9B +/- $100M (~20% YoY growth at midpoint)
- Q2 gross margin guidance: 44% to 45% (midpoint 44.5%, implying ~65% incremental sequential margin)
- Q2 operating expenses: $365M to $375M (sequential decrease)
- Q2 EPS guidance: $1.88 +/- $0.15 (non-GAAP, diluted share count ~375M)
Q&A themes
- Supply constraints expected to continue through calendar 2026; supply-demand balance not expected to materially improve until H2 2027 with new product ramps
- HAMR qualification progressing faster than originally planned; 2-3 quarter qualification-to-ramp timeline targeted based on ePMR portfolio precedent
- No new unit capacity additions planned; growth supported by higher capacity drives, areal density improvements, manufacturing automation and AI-driven productivity gains (up to 10% in select cases)
- Long-term agreements with hyperscale customers include firm POs and commercial protections; price increases in September letter limited to channel (10-15% of business); hyperscale customer arrangements not affected
Risks
- Supply-demand balance remains highly constrained; exabyte growth currently reflects supply constraints as much as demand, with normalization not expected until H2 2027
- HAMR qualification execution risk; company emphasizes focus on reliability and quality to avoid production issues post-qualification
- Competitive pressure from SSD adoption for certain AI workloads could shift market share; company believes HDD will remain ~80% of data center exabytes stored
FY2025 Q42025-07-30
Earnings calls
AI summary
positiveWDC reported revenue of $2.6B (up 30% YoY) with non-GAAP EPS of $1.66, exceeding guidance, while achieving 41.3% gross margin on strong cloud demand (90% of revenue). The company reduced debt by $2.6B to achieve its 1-1.5x net leverage target and initiated a $2B share repurchase program and quarterly $0.10 dividend. For Q1 FY2026, WDC guides revenue of $2.7B (+22% YoY) with 41-42% gross margin, supported by firm purchase orders and long-term agreements covering fiscal 2026 with all top 5 hyperscale customers.
Key takeaways
- Q4 revenue of $2.6B (+30% YoY) with cloud segment representing 90% ($2.3B, +36% YoY) driven by strong nearline and high-capacity drive shipments
- Exabyte shipments reached 190 exabytes (+32% YoY); latest ePMR 26TB CMR and 32TB UltraSMR drives exceeded 1.7M unit shipments, more than doubling sequentially
- Gross margin improved 610 bps YoY to 41.3%, ahead of guidance, primarily from mix shift to higher-capacity drives and operational cost control
- Free cash flow of $675M (26% FCF margin) enabled $2.6B debt reduction and launch of capital return programs: $2B buyback authorization and $0.10 quarterly dividend
- Next-generation ePMR (28TB CMR, 36TB UltraSMR) qualification planned for H1 2026; HAMR ramp targeted for H1 2027 with 38TB CMR and 44TB UltraSMR capacities
Financial highlights
- Q4 FY2025 revenue: $2.6 billion (30% YoY growth); non-GAAP EPS: $1.66 (22% sequential growth)
- Gross margin: 41.3% non-GAAP (610 bps YoY improvement); operating margin: 28.1%; free cash flow: $675 million
- Cloud revenue: $2.3 billion (90% of total, +36% YoY); client: $140 million (5%, +2% YoY); consumer: $136 million (5%, -12% YoY)
- Net debt reduced to $2.6B (1x LTM EBITDA); cash and equivalents: $2.1B; total liquidity: $3.4B; share repurchases: $149M in Q4
Guidance
- Q1 FY2026 revenue guidance: $2.7 billion ±$100 million (22% YoY growth at midpoint)
- Q1 FY2026 gross margin: 41%-42%; operating expenses: $370M-$380M (includes ~$15M extra week expense); interest and other: ~$50M
- Q1 FY2026 EPS: $1.54 ±$0.15 (non-GAAP, ~363M diluted shares); tax rate: 16%-19%
- Current visibility includes firm POs or LTAs with all top 5 hyperscale customers covering entire fiscal 2026; 2 of 5 customers covered through mid-fiscal 2027
Q&A themes
- Gross margin progression: Mix shift to higher-capacity drives is primary driver; pricing stable; operational cost reductions continuing; management expects further margin expansion beyond 41.3%
- Seasonality dynamics: Traditional seasonal patterns no longer apply; business now driven by hyperscale customer multiyear CapEx programs and AI-driven data center deployments; 52-week and 18-month LTA visibility reduces cyclicality
- UltraSMR adoption: Third and fourth hyperscale customers completing or in qualification; drives used for new workloads while legacy workloads may use lower-capacity drives; extensible into HAMR products
- Tariff impacts: No evidence of double ordering or pull-forward; customer linearity matches 12-month lead times; tight supply environment limits upside within quarters; no enterprise slowdown observed
Risks
- Tariff environment remains fluid and dynamic with potential for reciprocal tariffs; company currently seeing stable pricing but acknowledges tariff uncertainty in guidance
- Business cyclicality acknowledged: while visibility improved, management notes that digestion periods may occur; industry remains susceptible to customer capex cycles
- Execution risk on product roadmap: HAMR qualification and ramp in H1 2027 dependent on achieving reliability and manufacturing yield targets; company noted encouraging feedback but must complete transition from testing to qualification stage
FY2025 Q32025-04-30
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 13, 2026, 02:44 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Computer Hardware
- Chief executive
- Tiang Yew Tan
- Employees
- 40,000
- IPO date
- Oct 31, 1978
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei20.25
Piotroski scorei7/9
Overall ratingiA-
Owner earningsi$1.75B$4.55 per share
ESG risk ratingiB+Industry rank: 2/14
Rating factors
- Return on equityi
- 5/5
- Return on assetsi
- 5/5
- Debt to equityi
- 4/5
- Price to earningsi
- 3/5
- Price to booki
- 1/5
Company press releases
WD Reports Fiscal First Quarter 2027 Financial ResultsBusiness WireWD to Announce First Quarter Fiscal Year 2027 Financial Results on October 22, 2026Business WireWestern Digital Announces Redemption of 3.00% Convertible Senior Notes Due 2028Business WireWD to Participate in Upcoming Investor ConferenceBusiness WireWD Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial ResultsBusiness WireWD Malaysia Recognized for Advancing Sustainable AI InfrastructureBusiness Wire
Congressional disclosures
Senate
House
John McGuireSale · $1,001 - $15,000Disclosed: Nov 9, 2026Ro KhannaPurchase · $1,001 - $15,000Disclosed: Oct 9, 2026Gilbert CisnerosSale (Full) · $1,001 - $15,000Disclosed: Oct 12, 2026Gilbert CisnerosSale · $1,001 - $15,000Disclosed: Oct 13, 2026Gilbert CisnerosPurchase · $1,001 - $15,000Disclosed: Sep 7, 2026
Market cap history
$113.90B-32.2%Aug 2026 – Nov 2026
Latest: $113.90B · 2026-11-12High: $184.92B · 2026-08-17Low: $106.06B · 2026-11-09
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.21% | 10.9M |
| VOO | 0.25% | 9.5M |
| QQQ | 0.62% | 7.5M |
| FXAIX | 0.25% | 5.4M |
| IVV | 0.2% | 4.8M |
| XAW.TO | 0.12% | 4.8M |
| XSP.TO | 0.21% | 4.8M |
| SPY | 0.21% | 4.4M |
| VUG | 0.44% | 3.8M |
| FBGKX | 1.28% | 3.4M |
| XLK | 0.84% | 2.6M |
| VGT | 0.61% | 2.4M |
Analyst track record
How the analysts covering WDC have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 159 | 442 |
| Analysts | 27 | 33 |
| Buy / hold / sell | 136 / 23 / 0 | 379 / 63 / 0 |
| Upgrades / downgrades / initiations | 1 / 2 / 2 | 9 / 5 / 8 |
| Price targets hit / missed | 36 / 119 (23%) | 300 / 119 (72%) |
| Avg. return after a rating (TipRanks) | -21.4% | +165.7% |
| Best / worst call | +88.6% / -70.4% | +678.0% / -70.4% |
After buy calls on this stock: median 21-day move +6.5% vs S&P 500 +4.4% (n = 365)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Erik WoodringMorgan Stanley100% hit rate on this stock · 12 targets measuredBuytarget $668Oct 23, 2026
- Krish SankarTD Cowen82% hit rate on this stock · 11 targets measuredBuytarget $430Oct 23, 2026
- Wamsi MohanBank of America Securities81% hit rate on this stock · 21 targets measuredBuyno targetNov 9, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 11, 2026 | Amit DaryananiEvercore ISINov 11, 2026 | BuyMaintained | $575↗ | article ↗ |
| Nov 9, 2026 | Wamsi MohanBank of America SecuritiesNov 9, 2026 | BuyMaintained | –↗ | article ↗ |
| Oct 27, 2026 | Amit DaryananiEvercore ISIOct 27, 2026 | BuyMaintained | $575↗ | article ↗ |
| Oct 25, 2026 | Mark NewmanBernsteinOct 25, 2026 | BuyMaintained | $600↗ | article ↗ |
| Oct 23, 2026 | Krish SankarTD CowenOct 23, 2026 | BuyMaintained | $430↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 159 ratings
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