WESTERN DIGITAL CORP

Western Digital Corporation reported strong financial results for its fiscal fourth quarter and full fiscal year 2026. Q4 revenue increased 44% year-over-year to $3.75 billion, with GAAP diluted EPS at $8.21 and non-GAAP diluted EPS at $3.56. For the full fiscal year 2026, revenue grew 36% to $12.919 billion, and non-GAAP diluted EPS more than doubled to $10.22. The company also provided an optimistic outlook for Q1 FY27, forecasting revenue of approximately $4.1 billion and non-GAAP diluted EPS of $4.00, and declared a quarterly cash dividend of $0.15 per share.

Western Digital Corporation entered into separate, privately negotiated exchange agreements with certain institutional investors. The company agreed to exchange an aggregate of 1,038,681 shares of Sandisk Corporation common stock, which it holds, for a number of its own common stock shares held by these investors. The exact number of Western Digital shares will be determined by the volume-weighted average prices of both stocks over a three-day measurement period from June 16-18, 2026. These transactions are anticipated to close on June 22, 2026, subject to customary closing conditions.

Western Digital Corporation announced it will deliver 21,289,938 shares of common stock as part of previously disclosed exchange transactions. These transactions involve the exchange of approximately $858.4 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2028 for cash and shares. This amendment provides the final share count, which was calculated based on the average stock price over June 3-4, 2026.

Western Digital Corporation has entered into privately negotiated exchange agreements with certain holders of its 3.00% Convertible Senior Notes due 2028. The company will exchange approximately $858.4 million in principal amount of these notes for a combination of cash and shares of its common stock. The cash component covers the principal and accrued interest, while the stock component covers the remaining value based on a volume-weighted average price. These transactions are anticipated to close on or after June 5, 2026, subject to customary closing conditions.

Western Digital Corporation has appointed Manuvir Das to its Board of Directors, effective May 26, 2026. Mr. Das, a veteran technology executive with experience at NVIDIA, Dell EMC, and Microsoft, brings deep expertise in enterprise AI, data infrastructure, and cloud computing. He will also serve on the Audit Committee and receive standard non-employee director compensation. His appointment is expected to strengthen Western Digital's position in the AI-driven data economy.

Western Digital Corporation reported strong fiscal third quarter 2026 financial results, with revenue increasing 45% year-over-year to $3.34 billion and non-GAAP diluted EPS reaching $2.72. The company also announced a 20% increase in its quarterly cash dividend to $0.15 per share. For Q4 FY26, WDC anticipates continued growth with revenue expected around $3.65 billion and non-GAAP EPS of $3.25.